Fettes and Rankine Engineering Ltd

Fettes and Rankine Engineering Ltd
Registered number:		SC278367
Balance Sheet
as at 31 January 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		33,809			27,744

Current assets
Stocks		8,733			8,733
Debtors	5	98,126			140,347
Cash at bank and in hand		1,323			96,459
		108,182			245,539

Creditors: amounts falling due within one year	6	(65,503)			(189,356)

Net current assets			42,679			56,183

Total assets less current liabilities			76,488			83,927

Creditors: amounts falling due after more than one year	7		(30,768)			3,817

Provisions for liabilities			(6,762)			(9,366)


Net assets			38,958			78,378

Capital and reserves
Called up share capital			100			100
Profit and loss account			38,858			78,278

Shareholders' funds			38,958			78,378

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




P.J Rankine
Director
Approved by the board on 23 September 2025

Fettes and Rankine Engineering Ltd
Notes to the Accounts
for the year ended 31 January 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					8		7


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 February 2024							137,800
	At 31 January 2025							137,800

	Amortisation
	At 1 February 2024							137,800
	At 31 January 2025							137,800

	Net book value
	At 31 January 2025							-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 February 2024	8,896		219,058		60,746		288,700
	Additions	-		-		34,754		34,754
	At 31 January 2025	8,896		219,058		95,500		323,454

	Depreciation
	At 1 February 2024	8,896		191,314		60,746		260,956
	Charge for the year	-		20,000		8,689		28,689
	At 31 January 2025	8,896		211,314		69,435		289,645

	Net book value
	At 31 January 2025	-		7,744		26,065		33,809
	At 31 January 2024	-		27,744		-		27,744




5	Debtors					2025		2024
£							£

	Trade debtors					71,562		2,715
	Prepayments					8,445		8,632
	Other debtors					18,119		129,000
						98,126		140,347


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					53,528		149,298
	Corporation tax					-		9,457
	Accruals					11,975		32,016
	Other creditors					-		(1,415)
						65,503		189,356


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					30,768		-
	Other creditors					-		(3,817)
						30,768		(3,817)


8	Other information

	Fettes and Rankine Engineering Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
	Brodies House
	31-33 Union Grove
	Aberdeen
	AB10 6SD