RMC Double Glazing (Ayr) Ltd
Unaudited accounts
Contents
RMC Double Glazing (Ayr) Ltd
Company Information
for the year ended 31 January 2024
Directors
Raymond McCutcheon
Victoria McCutcheon
Raymond McCutcheon
Company Number
SC441749 (Scotland)
Registered Office
Unit 72 Newton Trading Estate
McCalls Avenue
Ayr
KA8 9AE
Accountants
W Wilson Millar Ltd
32 Moorfield Road
Prestwick
KA9 2HW
RMC Double Glazing (Ayr) Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
56,034
68,953
Cash at bank and in hand
84,916
62,903
Creditors: amounts falling due within one year
(181,256)
(202,453)
Net current liabilities
(24,002)
(19,274)
Total assets less current liabilities
32,032
49,679
Creditors: amounts falling due after more than one year
(13,320)
(33,333)
Called up share capital
100
100
Profit and loss account
18,612
16,246
Shareholders' funds
18,712
16,346
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2024 and were signed on its behalf by
Victoria McCutcheon
Director
Company Registration No. SC441749
RMC Double Glazing (Ayr) Ltd
Notes to the Accounts
for the year ended 31 January 2024
RMC Double Glazing (Ayr) Ltd is a private company, limited by shares, registered in Scotland, registration number SC441749. The registered office is Unit 72 Newton Trading Estate, McCalls Avenue, Ayr, KA8 9AE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill
RMC Double Glazing (Ayr) Ltd
Notes to the Accounts
for the year ended 31 January 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 February 2023
10,960
142,341
153,301
At 31 January 2024
12,048
142,341
154,389
At 1 February 2023
5,038
79,310
84,348
Charge for the year
1,402
12,605
14,007
At 31 January 2024
6,440
91,915
98,355
At 31 January 2024
5,608
50,426
56,034
At 31 January 2023
5,922
63,031
68,953
Amounts falling due within one year
Trade debtors
20,497
38,270
Accrued income and prepayments
6,841
6,564
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Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
28,081
30,870
Trade creditors
79,464
65,427
Taxes and social security
27,755
29,055
Loans from directors
(26,159)
-
Deferred income
64,300
64,582
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Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
RMC Double Glazing (Ayr) Ltd
Notes to the Accounts
for the year ended 31 January 2024
10
Average number of employees
During the year the average number of employees was 14 (2023: 14).