Company Registration No. SC344678 (Scotland)
R.D.M. Engineering (Turriff) Ltd.
Unaudited accounts
for the year ended 31 March 2025
R.D.M. Engineering (Turriff) Ltd.
Unaudited accounts
Contents
R.D.M. Engineering (Turriff) Ltd.
Company Information
for the year ended 31 March 2025
Directors
Debbie Ann Mackie
Robert Peter Mackie
Company Number
SC344678 (Scotland)
Registered Office
Waverley House
Bruntsmithy
Turriff
Aberdeenshire
AB53 5PN
United Kingdom
R.D.M. Engineering (Turriff) Ltd.
Statement of financial position
as at 31 March 2025
Tangible assets
65,294
292,741
Investment property
127,114
-
Cash at bank and in hand
1,155
252
Creditors: amounts falling due within one year
(186,504)
(205,818)
Net current liabilities
(25,799)
(111,560)
Total assets less current liabilities
166,609
181,181
Creditors: amounts falling due after more than one year
(21,898)
(44,798)
Provisions for liabilities
Deferred tax
(16,324)
(31,470)
Net assets
128,387
104,913
Called up share capital
103
103
Profit and loss account
128,284
104,810
Shareholders' funds
128,387
104,913
For the year ending 31 March 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by
Debbie Ann Mackie
Director
Company Registration No. SC344678
R.D.M. Engineering (Turriff) Ltd.
Notes to the Accounts
for the year ended 31 March 2025
R.D.M. Engineering (Turriff) Ltd. is a private company, limited by shares, registered in Scotland, registration number SC344678. The registered office is Waverley House, Bruntsmithy, Turriff, Aberdeenshire, AB53 5PN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
25% on reducing balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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 accounts. 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.
R.D.M. Engineering (Turriff) Ltd.
Notes to the Accounts
for the year ended 31 March 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2024
127,114
437,691
37,423
4,142
14,972
621,342
Additions
-
8,172
-
-
-
8,172
Disposals
-
(311,737)
(19,423)
(2,000)
(6,418)
(339,578)
Transfer to investment property
(127,114)
-
-
-
-
(127,114)
At 31 March 2025
-
134,126
18,000
2,142
8,554
162,822
At 1 April 2024
-
304,483
13,225
1,267
9,626
328,601
Charge for the year
-
35,345
6,049
719
1,337
43,450
On disposals
-
(257,680)
(11,101)
(656)
(5,086)
(274,523)
At 31 March 2025
-
82,148
8,173
1,330
5,877
97,528
At 31 March 2025
-
51,978
9,827
812
2,677
65,294
At 31 March 2024
127,114
133,208
24,198
2,875
5,346
292,741
Transfers from tangible fixed assets
127,114
The historic cost of the above investment property totals £127,114. The fair value of the property has been arrived at by the director of the company on 31 December 2024 on a market value basis.
R.D.M. Engineering (Turriff) Ltd.
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
1,866
47,559
Accrued income and prepayments
4,538
10,015
Other debtors
149,500
5,932
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
35,953
15,824
Obligations under finance leases and hire purchase contracts
12,900
19,938
Trade creditors
19,841
69,231
Taxes and social security
66,496
68,439
Loans from directors
32,152
10,751
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
19,350
32,250
9
Transactions with related parties
At the balance sheet date, there is a balance of £32,152 (2024: £10,751) due to the company directors. This loan is unsecured, interest free and payable on demand.
Incuded within Other Debtors is a balance of £nil (2024: £5,932) due from a company shareholder. The loan is unsecured, interest free and repayable on demand.
Included within Other Creditors is a balance of £nil (2024: £1,499) due to a company shareholder. This loan is unsecured, interest free and payable on demand.
Included within Other Creditors is a balance of £nil (2024: £3,869) due to a company shareholder. This loan is unsecured, interest free and payable on demand.
During the year, the company ceased its trading operations and sold certain trade assets and its customer book to RMM Bruntsmiddy Ltd, a company controlled by the son of the directors. The consideration is being repaid via an interest-free loan over approximately 2 years. At the year end, £149,500 was outstanding under this loan arrangement. The company also rents its workshop premises to this related party for £14,400 per annum.
10
Average number of employees
During the year the average number of employees was 5 (2024: 5).