Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-3022023-07-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC506318 2023-07-01 2024-06-30 SC506318 2022-07-01 2023-06-30 SC506318 2024-06-30 SC506318 2023-06-30 SC506318 c:CompanySecretary1 2023-07-01 2024-06-30 SC506318 c:Director1 2023-07-01 2024-06-30 SC506318 c:Director2 2023-07-01 2024-06-30 SC506318 c:RegisteredOffice 2023-07-01 2024-06-30 SC506318 d:Buildings 2023-07-01 2024-06-30 SC506318 d:Buildings 2024-06-30 SC506318 d:Buildings 2023-06-30 SC506318 d:Buildings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC506318 d:PlantMachinery 2023-07-01 2024-06-30 SC506318 d:PlantMachinery 2024-06-30 SC506318 d:PlantMachinery 2023-06-30 SC506318 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC506318 d:MotorVehicles 2023-07-01 2024-06-30 SC506318 d:MotorVehicles 2024-06-30 SC506318 d:MotorVehicles 2023-06-30 SC506318 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC506318 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC506318 d:CurrentFinancialInstruments 2024-06-30 SC506318 d:CurrentFinancialInstruments 2023-06-30 SC506318 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 SC506318 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC506318 d:ShareCapital 2024-06-30 SC506318 d:ShareCapital 2023-06-30 SC506318 d:RetainedEarningsAccumulatedLosses 2024-06-30 SC506318 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC506318 c:FRS102 2023-07-01 2024-06-30 SC506318 c:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 SC506318 c:FullAccounts 2023-07-01 2024-06-30 SC506318 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC506318 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: SC506318










RIMTECH UK LTD.
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
RIMTECH UK LTD.
 

COMPANY INFORMATION


DIRECTORS
Mr G G Sutherland 
Mrs K J Sutherland 




COMPANY SECRETARY
Mrs K J Sutherland



REGISTERED NUMBER
SC506318



REGISTERED OFFICE
Westby
64 West High Street

Forfar

Angus

DD8 1BJ





 
RIMTECH UK LTD.
 
  
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RIMTECH UK LTD.
FOR THE YEAR ENDED 30 JUNE 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of RimTech UK Ltd. for the year ended 30 June 2024 which comprise the Statement of Financial Position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotlandwe are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas -framework-preparation -of-accounts.

This report is made solely to the Board of Directors of RimTech UK Ltd., as a body, in accordance with the terms of our engagement letter dated 16 May 2023Our work has been undertaken solely to prepare for your approval the financial statements of RimTech UK Ltd. and state those matters that we have agreed to state to the Board of Directors of RimTech UK Ltd., as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://icas.com/icas -framework-preparation -of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RimTech UK Ltd. and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that RimTech UK Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of RimTech UK Ltd.. You consider that RimTech UK Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of RimTech UK Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



EQ Accountants Limited
 
Chartered Accountants
  
Westby
64 West High Street
Forfar
Angus
DD8 1BJ
24 October 2024
Page 1

 
RIMTECH UK LTD.
REGISTERED NUMBER:SC506318

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
£
£

FIXED ASSETS
  

Tangible assets
 4 
235,953
218,682

  
235,953
218,682

CURRENT ASSETS
  

Stocks
  
6,780
6,800

Debtors: amounts falling due within one year
 5 
22,542
6,880

Cash at bank and in hand
  
38,766
46,531

  
68,088
60,211

Creditors: amounts falling due within one year
 6 
(145,014)
(163,118)

NET CURRENT LIABILITIES
  
 
 
(76,926)
 
 
(102,907)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
159,027
115,775

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(26,102)
(16,556)

  
 
 
(26,102)
 
 
(16,556)

NET ASSETS
  
132,925
99,219


CAPITAL AND RESERVES
  

Called up share capital 
  
1
1

Profit and loss account
  
132,924
99,218

  
132,925
99,219


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 October 2024.




Page 2

 
RIMTECH UK LTD.
REGISTERED NUMBER:SC506318

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

Mr G G Sutherland
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
RIMTECH UK LTD.
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


GENERAL INFORMATION

RimTech UK Ltd. is a private limited company limited by shares incorporated in Scotland.  The registered office is 64 West High Street, Forfar, DD8 1BJ and the company's registration number is SC506318.  The principal place of business is North Cookston, Ellon, AB41 8DT. 

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

REVENUE

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

OPERATING LEASES: THE COMPANY AS LESSEE

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

PENSIONS

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
RIMTECH UK LTD.
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Freehold property
-
Nil
Plant and machinery
-
10% straight line/12.5% reducing balance
Motor vehicles
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
RIMTECH UK LTD.
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 6

 
RIMTECH UK LTD.
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


TANGIBLE FIXED ASSETS





Freehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 July 2023
131,544
118,872
17,309
267,725


Additions
-
32,999
-
32,999



At 30 June 2024

131,544
151,871
17,309
300,724



Depreciation


At 1 July 2023
-
39,387
9,656
49,043


Charge for the year on owned assets
-
13,814
1,914
15,728



At 30 June 2024

-
53,201
11,570
64,771



Net book value



At 30 June 2024
131,544
98,670
5,739
235,953



At 30 June 2023
131,544
79,485
7,653
218,682


5.


DEBTORS

2024
2023
£
£


Trade debtors
18,432
6,655

Other debtors
4,110
225

22,542
6,880



6.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,818
1,764

Other creditors
143,196
161,354

145,014
163,118



Page 7