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REGISTERED NUMBER: SC272974 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Rf Global Solutions Limited

Rf Global Solutions Limited (Registered number: SC272974)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Rf Global Solutions Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: A Stuart





SECRETARY: A Stuart





REGISTERED OFFICE: 21 Langlands Place
Kelvin South Industrial Estate
East Kilbride
G75 0YF





REGISTERED NUMBER: SC272974 (Scotland)





ACCOUNTANTS: Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG

Rf Global Solutions Limited (Registered number: SC272974)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 105,029 138,733

CURRENT ASSETS
Stocks 215,800 207,700
Debtors 5 251,988 280,107
Cash at bank 833,730 822,630
1,301,518 1,310,437
CREDITORS
Amounts falling due within one year 6 497,125 474,851
NET CURRENT ASSETS 804,393 835,586
TOTAL ASSETS LESS CURRENT
LIABILITIES

909,422

974,319

CREDITORS
Amounts falling due after more than one
year

7

(75,089

)

(122,902

)

PROVISIONS FOR LIABILITIES (16,652 ) (18,545 )
NET ASSETS 817,681 832,872

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 817,631 832,822
SHAREHOLDERS' FUNDS 817,681 832,872

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Rf Global Solutions Limited (Registered number: SC272974)

Balance Sheet - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 October 2024 and were signed by:





A Stuart - Director


Rf Global Solutions Limited (Registered number: SC272974)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Rf Global Solutions Limited 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost

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 Statement of Income and Retained Earnings, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Rf Global Solutions Limited (Registered number: SC272974)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 13 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 190,117 455,380 645,497
Additions - 50,017 50,017
At 30 September 2024 190,117 505,397 695,514
DEPRECIATION
At 1 October 2023 190,117 316,647 506,764
Charge for year - 83,721 83,721
At 30 September 2024 190,117 400,368 590,485
NET BOOK VALUE
At 30 September 2024 - 105,029 105,029
At 30 September 2023 - 138,733 138,733

Rf Global Solutions Limited (Registered number: SC272974)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 144,154
DEPRECIATION
At 1 October 2023 72,077
Charge for year 36,039
At 30 September 2024 108,116
NET BOOK VALUE
At 30 September 2024 36,038
At 30 September 2023 72,077

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 229,795 235,114
Other debtors 22,193 44,993
251,988 280,107

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 26,366 30,522
Hire purchase contracts 20,570 20,570
Trade creditors 106,365 39,380
Taxation and social security 121,940 129,360
Other creditors 221,884 255,019
497,125 474,851

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans - 26,344
Hire purchase contracts 75,089 96,558
75,089 122,902

Rf Global Solutions Limited (Registered number: SC272974)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 26,366 56,866
Hire purchase contracts 95,659 117,128
Debt Factors 189,351 198,705
311,376 372,699

Advances made by the company's debt factors are secured over trade debtors.

Hire purchase creditors are secured over the assets to which they relate.

The bank loan is secured by a standard security over the company's property and a bond and floating charge over its assets.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount of £768 (2023: £859) due to the director.

Rf Global Solutions Limited

Report of the Accountants to the Director of
Rf Global Solutions Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG


11 October 2024