Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-312025-01-3142024-02-01falseNo description of principal activity3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC467457 2024-02-01 2025-01-31 SC467457 2023-02-01 2024-01-31 SC467457 2025-01-31 SC467457 2024-01-31 SC467457 c:Director1 2024-02-01 2025-01-31 SC467457 c:RegisteredOffice 2024-02-01 2025-01-31 SC467457 d:MotorVehicles 2024-02-01 2025-01-31 SC467457 d:MotorVehicles 2025-01-31 SC467457 d:MotorVehicles 2024-01-31 SC467457 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 SC467457 d:OfficeEquipment 2024-02-01 2025-01-31 SC467457 d:OfficeEquipment 2025-01-31 SC467457 d:OfficeEquipment 2024-01-31 SC467457 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 SC467457 d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 SC467457 d:CurrentFinancialInstruments 2025-01-31 SC467457 d:CurrentFinancialInstruments 2024-01-31 SC467457 d:Non-currentFinancialInstruments 2025-01-31 SC467457 d:Non-currentFinancialInstruments 2024-01-31 SC467457 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 SC467457 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 SC467457 d:Non-currentFinancialInstruments d:AfterOneYear 2025-01-31 SC467457 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 SC467457 d:ShareCapital 2025-01-31 SC467457 d:ShareCapital 2024-01-31 SC467457 d:RetainedEarningsAccumulatedLosses 2025-01-31 SC467457 d:RetainedEarningsAccumulatedLosses 2024-01-31 SC467457 c:OrdinaryShareClass1 2024-02-01 2025-01-31 SC467457 c:OrdinaryShareClass1 2025-01-31 SC467457 c:OrdinaryShareClass1 2024-01-31 SC467457 c:FRS102 2024-02-01 2025-01-31 SC467457 c:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 SC467457 c:FullAccounts 2024-02-01 2025-01-31 SC467457 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 SC467457 e:PoundSterling 2024-02-01 2025-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC467457










RK CARAVAN REPAIRS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

 
RK CARAVAN REPAIRS LTD
 

COMPANY INFORMATION


Director
Mr R Cannon 




Registered number
SC467457



Registered office
23 Kinloch Street

Ladybank

Cupar

KY15 7LF




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
RK CARAVAN REPAIRS LTD
REGISTERED NUMBER: SC467457

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2025

2025
2024
£
£

Fixed assets
  

Tangible assets
 4 
7,143
14,249

  
7,143
14,249

Current assets
  

Stocks
  
12,000
12,000

Debtors: amounts falling due within one year
 5 
15,476
8,586

  
27,476
20,586

Creditors: amounts falling due within one year
 6 
(51,933)
(49,037)

Net current liabilities
  
 
 
(24,457)
 
 
(28,451)

Total assets less current liabilities
  
(17,314)
(14,202)

Creditors: amounts falling due after more than one year
 7 
(3,333)
(14,750)

  

Net liabilities
  
(20,647)
(28,952)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(20,747)
(29,052)

  
(20,647)
(28,952)


Page 1

 
RK CARAVAN REPAIRS LTD
REGISTERED NUMBER: SC467457

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr R Cannon
Director

Date: 4 June 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
RK CARAVAN REPAIRS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1.


General information

RK Caravan Repairs Limited (SC467457) is a Company, limited by shares and incorporated in Scotland. The registered office is 23 Kinloch Street, Ladybank, Cupar, KY15 7LF.
The financial statements are presented in Sterling which is the functional currency of the Company and are rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
RK CARAVAN REPAIRS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance method.

Depreciation is provided on the following basis:

Motor vehicles
-
20% reducing balance, 25% and 33.33% straight line
Office equipment
-
33.33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Leasing and hire purchase

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
RK CARAVAN REPAIRS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.



3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2024 - 4).

Page 5

 
RK CARAVAN REPAIRS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 February 2024
65,693
2,580
68,273



At 31 January 2025

65,693
2,580
68,273



Depreciation


At 1 February 2024
52,243
1,781
54,024


Charge for the year on owned assets
6,706
400
7,106



At 31 January 2025

58,949
2,181
61,130



Net book value



At 31 January 2025
6,744
399
7,143



At 31 January 2024
13,450
799
14,249


5.


Debtors

2025
2024
£
£


Trade debtors
14,926
3,497

Prepayments and accrued income
-
2,500

Deferred taxation
550
2,589

15,476
8,586


Page 6

 
RK CARAVAN REPAIRS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

6.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank overdrafts
18,351
7,530

Bank loans
10,000
10,000

Trade creditors
202
1,773

Other taxation and social security
9,905
10,533

Obligations under finance lease and hire purchase contracts
1,416
4,250

Other creditors
10,109
11,426

Accruals and deferred income
1,950
3,525

51,933
49,037


Secured loans
HP liabilities and finance leases are secured against the relevant assets.
The bank overdraft is secured by a bond and floating charge over the assets of the company. 


7.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
3,333
13,333

Net obligations under finance leases and hire purchase contracts
-
1,417

3,333
14,750


Secured loans
HP liabilities and finance leases are secured against the relevant assets.


8.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



100 (2024 - 100) Ordinary shares of £1.00 each
100
100



Page 7