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REGISTERED NUMBER: SC401216 (Scotland)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

ROCK MACHINERY LIMITED

ROCK MACHINERY LIMITED (REGISTERED NUMBER: SC401216)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROCK MACHINERY LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTORS: I Kirby
J I Kirby





SECRETARY:





REGISTERED OFFICE: Stockhill Farm
West Cumberhead Road
Lesmahagow
Lanarkshire
ML11 0HN





REGISTERED NUMBER: SC401216 (Scotland)





ACCOUNTANTS: G. Ingram and Company Limited
Ardoch House
Lesmahagow
South Lanarkshire
ML11 0HJ

ROCK MACHINERY LIMITED (REGISTERED NUMBER: SC401216)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 462,790 447,001

CURRENT ASSETS
Stocks 1,250,000 429,900
Debtors 5 100,000 122,500
Cash at bank and in hand 262,374 533,398
1,612,374 1,085,798
CREDITORS
Amounts falling due within one year 6 453,413 296,360
NET CURRENT ASSETS 1,158,961 789,438
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,621,751

1,236,439

CREDITORS
Amounts falling due after more than one
year

7

154,183

193,362
NET ASSETS 1,467,568 1,043,077

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,467,468 1,042,977
SHAREHOLDERS' FUNDS 1,467,568 1,043,077

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

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

ROCK MACHINERY LIMITED (REGISTERED NUMBER: SC401216)

BALANCE SHEET - continued
31 May 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 21 June 2025 and were signed on its behalf by:





I Kirby - Director


ROCK MACHINERY LIMITED (REGISTERED NUMBER: SC401216)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Rock Machinery 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 10% on reducing balance
Computer equipment - 20% 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.

ROCK MACHINERY LIMITED (REGISTERED NUMBER: SC401216)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 June 2023 232,580 90,331 280,333
Additions - 10,000 72,080
Disposals - - (26,000 )
At 31 May 2024 232,580 100,331 326,413
DEPRECIATION
At 1 June 2023 18,353 18,066 179,233
Charge for year 4,285 16,853 22,622
Eliminated on disposal - - (15,350 )
At 31 May 2024 22,638 34,919 186,505
NET BOOK VALUE
At 31 May 2024 209,942 65,412 139,908
At 31 May 2023 214,227 72,265 101,100

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 4,755 67,960 10,318 686,277
Additions - - - 82,080
Disposals - - - (26,000 )
At 31 May 2024 4,755 67,960 10,318 742,357
DEPRECIATION
At 1 June 2023 2,301 13,592 7,731 239,276
Charge for year 491 10,873 517 55,641
Eliminated on disposal - - - (15,350 )
At 31 May 2024 2,792 24,465 8,248 279,567
NET BOOK VALUE
At 31 May 2024 1,963 43,495 2,070 462,790
At 31 May 2023 2,454 54,368 2,587 447,001

5. DEBTORS
31.5.24 31.5.23
£    £   
Amounts falling due within one year:
Trade debtors - 22,500

ROCK MACHINERY LIMITED (REGISTERED NUMBER: SC401216)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

5. DEBTORS - continued
31.5.24 31.5.23
£    £   
Amounts falling due after more than one year:
Other debtors 100,000 100,000

Aggregate amounts 100,000 122,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 19,076 43,478
Taxation and social security 420,953 239,498
Other creditors 13,384 13,384
453,413 296,360

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 115,000 165,000
Hire purchase contracts 39,183 28,362
154,183 193,362

8. DIRECTORS' ADVANCES , CREDITS AND GUARANTEES

Included in other creditors is a loan from the directors of £1,020 ( 2023 : £813 ) which is interest free and repayable on demand.

9. OTHER DEBTORS

A commercial loan has been made available to Kirby Cottages Limited. The loan will be repaid including interest at commercial rates commensurate with the degree of risk and security given.