RAC LABORATORY LIMITED

Company Registration Number:
SC413394 (Scotland)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

RAC LABORATORY LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

RAC LABORATORY LIMITED

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal activities of the company

Dental Laboratory



Directors

The directors shown below have held office during the whole of the period from
1 July 2023 to 30 June 2024

Derek Marshall
Jacqueline Marshall


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
26 March 2025

And signed on behalf of the board by:
Name: Derek Marshall
Status: Director

RAC LABORATORY LIMITED

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 35,440 6,552
Total fixed assets: 35,440 6,552
Current assets
Stocks: 4 1,500 1,500
Debtors: 5 1,215 2,654
Cash at bank and in hand: 55,579 22,051
Total current assets: 58,294 26,205
Creditors: amounts falling due within one year: 6 ( 72,768 ) ( 14,211 )
Net current assets (liabilities): (14,474) 11,994
Total assets less current liabilities: 20,966 18,546
Total net assets (liabilities): 20,966 18,546
Capital and reserves
Called up share capital: 3 3
Profit and loss account: 20,963 18,543
Total Shareholders' funds: 20,966 18,546

The notes form part of these financial statements

RAC LABORATORY LIMITED

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 26 March 2025
and signed on behalf of the board by:

Name: Derek Marshall
Status: Director

The notes form part of these financial statements

RAC LABORATORY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services supplied.

    Tangible fixed assets depreciation policy

    Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent impairment losses.

    Other accounting policies

    Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference Financial instruments The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares Going concern After reviewing the forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing it financial statements.

RAC LABORATORY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 5 5

RAC LABORATORY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 23,750 21,017 44,767
Additions 4,598 33,149 37,747
Disposals
Revaluations
Transfers
At 30 June 2024 28,348 54,166 82,514
Depreciation
At 1 July 2023 22,991 15,224 38,215
Charge for year 1,071 7,788 8,859
On disposals
Other adjustments
At 30 June 2024 24,062 23,012 47,074
Net book value
At 30 June 2024 4,286 31,154 35,440
At 30 June 2023 759 5,793 6,552

RAC LABORATORY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Stocks

2024 2023
£ £
Stocks 1,500 1,500
Total 1,500 1,500

RAC LABORATORY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Debtors

2024 2023
£ £
Prepayments and accrued income 1,215 2,654
Total 1,215 2,654

RAC LABORATORY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Amounts due under finance leases and hire purchase contracts 28,598
Taxation and social security 19,047 14,211
Accruals and deferred income 123
Other creditors 25,000
Total 72,768 14,211