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REGISTERED NUMBER: SC401975 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Romech Facilities Management Ltd.

Romech Facilities Management Ltd. (Registered number: SC401975)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Romech Facilities Management Ltd.

Company Information
for the Year Ended 31 July 2024







DIRECTORS: R Owens
B Philbin





REGISTERED OFFICE: 107 Abercorn Street
PAISLEY
PA3 4AT





REGISTERED NUMBER: SC401975 (Scotland)





ACCOUNTANTS: The Kelvin Partnership Ltd
Chartered Accountants
The Cooper Building
505 Great Western Road
Glasgow
G12 8HN

Romech Facilities Management Ltd. (Registered number: SC401975)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 56,351 74,445

CURRENT ASSETS
Stocks 264,250 232,950
Debtors 5 607,760 616,640
Cash at bank and in hand 1,075 77,910
873,085 927,500
CREDITORS
Amounts falling due within one year 6 555,304 605,364
NET CURRENT ASSETS 317,781 322,136
TOTAL ASSETS LESS CURRENT
LIABILITIES

374,132

396,581

CREDITORS
Amounts falling due after more than one
year

7

(87,861

)

(105,480

)

PROVISIONS FOR LIABILITIES (13,653 ) (18,081 )
NET ASSETS 272,618 273,020

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 272,518 272,920
SHAREHOLDERS' FUNDS 272,618 273,020

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Romech Facilities Management Ltd. (Registered number: SC401975)

Balance Sheet - continued
31 July 2024


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 29 April 2025 and were signed on its behalf by:




R Owens - Director



B Philbin - Director


Romech Facilities Management Ltd. (Registered number: SC401975)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Romech Facilities Management 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 the amount receivable for the provision of goods and services falling within the company's ordinary activities, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Romech Facilities Management Ltd. (Registered number: SC401975)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued
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 16 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 2,650 129,848 21,056 153,554
Additions - 282 1,136 1,418
At 31 July 2024 2,650 130,130 22,192 154,972
DEPRECIATION
At 1 August 2023 2,021 62,720 14,368 79,109
Charge for year 157 16,853 2,502 19,512
At 31 July 2024 2,178 79,573 16,870 98,621
NET BOOK VALUE
At 31 July 2024 472 50,557 5,322 56,351
At 31 July 2023 629 67,128 6,688 74,445

Romech Facilities Management Ltd. (Registered number: SC401975)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 532,172 519,156
Other debtors 75,588 97,484
607,760 616,640

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 12,073 5,557
Hire purchase contracts 12,904 12,904
Trade creditors 526,544 469,718
Taxation and social security (45,817 ) 50,488
Other creditors 49,600 66,697
555,304 605,364

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 26,645 32,122
Hire purchase contracts 61,216 73,358
87,861 105,480

8. RELATED PARTY DISCLOSURES

During the year, rental charges of £30,000 (2023 £30,000) were paid to R&B Property, a business of which Mr Owens & Mr Philbin are the partners. The amounts were deemed fair and calculated at arms length.

At the start of the year, R&B Property was owed £7,948 by the Company, which was repaid during the year. During the year, the Company made further payments to R&B Property, and at the year end, the Company was owed £9,834 by R&B Property.