RF.Com Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC206032

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		10,437		13,446
Investments	5		48,450		68,450

			58,887		81,896
CURRENT ASSETS
Stocks	6	105,000		5,500
Debtors	7	179,092		162,558
Cash at bank and in hand		441,385		155,776

		725,477		323,834
Creditors: Amounts Falling Due Within One Year	8	(722,093 )		(337,564 )

NET CURRENT ASSETS (LIABILITIES)			3,384		(13,730 )

TOTAL ASSETS LESS CURRENT LIABILITIES			62,271		68,166

Creditors: Amounts Falling Due After More Than One Year	9		(18,402 )		(34,179 )

NET ASSETS			43,869		33,987

CAPITAL AND RESERVES
Called up share capital	10		14		14
Profit and Loss Account			43,855		33,973

SHAREHOLDERS' FUNDS			43,869		33,987

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RF.Com Limited

Balance Sheet (continued)

As At 31 October 2024

For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Ian Cains

Director

30/10/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

RF.Com Limited is a private company, limited by shares, incorporated in Scotland, registered number SC206032 . The registered office is 95 Greenbank Road, Edinburgh, EH10 5RT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	25
Leasehold	25
Plant & Machinery	25
Motor Vehicles	25
Fixtures & Fittings	25
Computer Equipment	25

2.4. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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RF.Com Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 November 2023	35,420	18,876	17,897	72,193

As at 31 October 2024	35,420	18,876	17,897	72,193

Depreciation
As at 1 November 2023	29,034	15,155	14,558	58,747
Provided during the period	1,597	744	668	3,009

As at 31 October 2024	30,631	15,899	15,226	61,756

Net Book Value
As at 31 October 2024	4,789	2,977	2,671	10,437

As at 1 November 2023	6,386	3,721	3,339	13,446

5. Investments

	Listed	Unlisted	Total
	£	£	£
Cost or Valuation
As at 1 November 2023	-	68,450	68,450
Revaluations	(20,000 )	-	(20,000 )

As at 31 October 2024	(20,000 )	68,450	48,450

Provision
As at 1 November 2023	-	-	-

As at 31 October 2024	-	-	-

Net Book Value
As at 31 October 2024	(20,000 )	68,450	48,450

As at 1 November 2023	-	68,450	68,450

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RF.Com Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

6. Stocks

	2024	2023
	£	£
Stock	5,000	5,500
Work in progress	100,000	-

	105,000	5,500

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	54,082	83,281
Other debtors	106,561	79,277

	160,643	162,558
Due after more than one year
Other debtors	18,449	-

	179,092	162,558

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	330,218	228,149
Other creditors	143,800	7,268
Taxation and social security	248,075	102,147

	722,093	337,564

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	18,402	34,179

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	14	14

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 November 2023	Amounts advanced	Amounts repaid	Amounts written off	As at 31 October 2024
	£	£	£	£	£
Mrs Lyn Cains	63,861	38,617	-	-	-

The above loan is unsecured, interest free and repayable on demand.

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