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Company No: SC382165 (Scotland)

RAM ENGINEERING AND TOOLING LTD.

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 01 SEPTEMBER 2023 TO 30 NOVEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

RAM ENGINEERING AND TOOLING LTD.

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 SEPTEMBER 2023 TO 30 NOVEMBER 2024

Contents

RAM ENGINEERING AND TOOLING LTD.

BALANCE SHEET

AS AT 30 NOVEMBER 2024
RAM ENGINEERING AND TOOLING LTD.

BALANCE SHEET (continued)

AS AT 30 NOVEMBER 2024
Note 30.11.2024 31.08.2023
£ £
Fixed assets
Tangible assets 3 4,328 7,286
4,328 7,286
Current assets
Stocks 0 38,250
Debtors 4 340,625 147,308
Cash at bank and in hand 5 167,297 7,446
507,922 193,004
Creditors: amounts falling due within one year 6 ( 440,476) ( 107,242)
Net current assets 67,446 85,762
Total assets less current liabilities 71,774 93,048
Creditors: amounts falling due after more than one year 7 ( 26,167) ( 33,015)
Provision for liabilities 8, 9 ( 855) ( 1,522)
Net assets 44,752 58,511
Capital and reserves
Called-up share capital 10 100 100
Profit and loss account 44,652 58,411
Total shareholder's funds 44,752 58,511

For the financial period ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of RAM Engineering And Tooling Ltd. (registered number: SC382165) were approved and authorised for issue by the Director on 29 August 2025. They were signed on its behalf by:

Ross Alexander Milne
Director
RAM ENGINEERING AND TOOLING LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 SEPTEMBER 2023 TO 30 NOVEMBER 2024
RAM ENGINEERING AND TOOLING LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 SEPTEMBER 2023 TO 30 NOVEMBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

RAM Engineering And Tooling Ltd. (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is C/O Lsr Engineering, Orchardbank Industrial Estate, Forfar, DD8 1TD, United Kingdom.

The financial statements have been prepared under the historical cost convention in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The financial statements cover the 15 months from 01 September 2023 to 30 November 2024. The comparative financial statements cover a 12 month period to 31 August 2023 and as such, the comparatives are not directly comparable.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover represents amounts receivable for machinery and industrial equipment provided in the normal course of the business, and is shown net of VAT and trade discounts.

Revenue is recognised on an accruals basis.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are recognised at transaction price. unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Provisions

Deferred tax provisions are recognised when the company has a present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

2. Employees

Period from
01.09.2023 to
30.11.2024
Year ended
31.08.2023
Number Number
Monthly average number of persons employed by the Company during the period, including the director 4 3

3. Tangible assets

Vehicles Office equipment Total
£ £ £
Cost
At 01 September 2023 4,950 5,021 9,971
Additions 0 583 583
At 30 November 2024 4,950 5,604 10,554
Accumulated depreciation
At 01 September 2023 309 2,376 2,685
Charge for the financial period 1,450 2,091 3,541
At 30 November 2024 1,759 4,467 6,226
Net book value
At 30 November 2024 3,191 1,137 4,328
At 31 August 2023 4,641 2,645 7,286

4. Debtors

30.11.2024 31.08.2023
£ £
Trade debtors 218,703 18,903
Corporation tax 1,296 1,452
Other debtors 120,626 126,953
340,625 147,308

5. Cash and cash equivalents

30.11.2024 31.08.2023
£ £
Cash at bank and in hand 167,297 7,446

6. Creditors: amounts falling due within one year

30.11.2024 31.08.2023
£ £
Bank loans 5,496 5,327
Trade creditors 140,394 72,920
Taxation and social security 187,408 21,161
Other creditors 107,178 7,834
440,476 107,242

The bank loan is a 100% government guaranteed bounce back loan.

Included in other creditors is an unsecured loan of £100,000.

7. Creditors: amounts falling due after more than one year

30.11.2024 31.08.2023
£ £
Other creditors 26,167 33,015

The bank loan is a 100% government guaranteed bounce back loan.

8. Provision for liabilities

30.11.2024 31.08.2023
£ £
Deferred tax 855 1,522

9. Deferred tax

30.11.2024 31.08.2023
£ £
At the beginning of financial period/year ( 1,522) ( 756)
Credited/(charged) to the Statement of Income and Retained Earnings 667 ( 766)
At the end of financial period/year ( 855) ( 1,522)

10. Called-up share capital

30.11.2024 31.08.2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

11. Related party transactions

Transactions with the entity's director

30.11.2024 31.08.2023
£ £
Amounts due from key management personnel at the reporting end date 86,145 113,576

During the year advances of £25,716 were made to the director with repayments received of £53,458. Interest was charged at 2.25%. There are no fixed repayment dates.