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REGISTERED NUMBER: SC621023 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

A & R Mechanical Engineering &
Recovery Services Ltd

A & R Mechanical Engineering &
Recovery Services Ltd (Registered number: SC621023)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A & R Mechanical Engineering &
Recovery Services Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: D Alexander
M J Robertson





REGISTERED OFFICE: Main Street
Castletown
Thurso
Caithness
KW14 8TU





REGISTERED NUMBER: SC621023 (Scotland)





ACCOUNTANTS: Thor Accountancy Ltd
23 Duncan Street
Thurso
Caithness
KW14 7HU

A & R Mechanical Engineering &
Recovery Services Ltd (Registered number: SC621023)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 534,992 485,823

CURRENT ASSETS
Stocks 183,285 238,535
Debtors 5 166,642 10,948
Cash in hand 150 150
350,077 249,633
CREDITORS
Amounts falling due within one year 6 365,387 252,202
NET CURRENT LIABILITIES (15,310 ) (2,569 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

519,682

483,254

CREDITORS
Amounts falling due after more than one
year

7

(311,729

)

(347,966

)

PROVISIONS FOR LIABILITIES (32,151 ) (21,708 )
NET ASSETS 175,802 113,580

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 175,782 113,560
175,802 113,580

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:




M J Robertson - Director


A & R Mechanical Engineering &
Recovery Services Ltd (Registered number: SC621023)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

A & R Mechanical Engineering & Recovery Services Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 11 ) .

A & R Mechanical Engineering &
Recovery Services Ltd (Registered number: SC621023)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 214,813 357,353 572,166
Additions - 84,324 84,324
At 29 February 2024 214,813 441,677 656,490
DEPRECIATION
At 1 March 2023 8,787 77,556 86,343
Charge for year 4,296 30,859 35,155
At 29 February 2024 13,083 108,415 121,498
NET BOOK VALUE
At 29 February 2024 201,730 333,262 534,992
At 28 February 2023 206,026 279,797 485,823

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 160,842 10,948
Other debtors 5,800 -
166,642 10,948

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 113,898 77,594
Hire purchase contracts 12,975 26,809
Trade creditors 164,335 85,946
Taxation and social security 2,588 5,302
Other creditors 71,591 56,551
365,387 252,202

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 65,047 86,308
Hire purchase contracts 28,437 41,413
Other creditors 218,245 220,245
311,729 347,966