Refractory Support & Solutions LLP

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: SO307595

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		686		883

			686		883
CURRENT ASSETS
Stocks		-		3,000
Debtors		-		8,585
Cash at bank and in hand		29		118

		29		11,703
Creditors: Amounts Falling Due Within One Year		(744 )		(744 )

NET CURRENT ASSETS (LIABILITIES)			(715 )		10,959

TOTAL ASSETS LESS CURRENT LIABILITIES			(29 )		11,842

NET (LIABILITIES)/ASSETS ATTRIBUTABLE TO MEMBERS			(29 )		11,842

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		41,472		38,187

			41,472		38,187

Equity
Members' other interests
Members' capital		(41,501)		(26,345)

			(41,501)		(26,345)

			(29)		11,842

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			41,472		38,187
Members' other interests			(41,501)		(26,345)

			(29)		11,842

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Refractory Support & Solutions LLP

Abridged Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

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

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

All of the LLP's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the members

Mr Duncan Hillhouse

Designated Member

9th December 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Refractory Support & Solutions LLP is a limited liability partnership, incorporated in Scotland, registered number SO307595 . The Registered Office is 5 Kings Court, Falkirk, FK1 1PG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

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:

Plant & Machinery	25% reducing balance
Computer Equipment	33% straight line

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.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 2 (2024: 2)

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Refractory Support & Solutions LLP

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Total
	£
Cost
As at 1 April 2024	1,550
Additions	333

As at 31 March 2025	1,883

Depreciation
As at 1 April 2024	667
Provided during the period	530

As at 31 March 2025	1,197

Net Book Value
As at 31 March 2025	686

As at 1 April 2024	883

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