ACCOUNTS - Final Accounts

Registered number: SC467457

RK CARAVAN REPAIRS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

RK CARAVAN REPAIRS LTD

COMPANY INFORMATION

Director	Mr R Cannon


Registered number	SC467457


Registered office	23 Kinloch Street
	Ladybank
	Cupar
	KY15 7LF


Accountants	EQ Accountants Limited
	Chartered Accountants
	Pentland House
	Saltire Centre
	Glenrothes
	Fife
	KY6 2AH

RK CARAVAN REPAIRS LTD

REGISTERED NUMBER: SC467457

STATEMENT OF FINANCIAL POSITION

AS AT 31 JANUARY 2026

		2026		2025
		£		£

Fixed assets
Tangible assets	4		3,527		7,143
			3,527		7,143
Current assets
Stocks		10,000		12,000
Debtors: amounts falling due within one year	5	16,121		15,476
		26,121		27,476
Creditors: amounts falling due within one year	6	(53,706)		(51,933)
Net current liabilities			(27,585)		(24,457)
Total assets less current liabilities			(24,058)		(17,314)
Creditors: amounts falling due after more than one year	7		(5,363)		(3,333)

Net liabilities			(29,421)		(20,647)

Capital and reserves
Called up share capital	8	100	100
Profit and loss account		(29,521)	(20,747)
		(29,421)	(20,647)

Page 1

RK CARAVAN REPAIRS LTD

REGISTERED NUMBER: SC467457

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JANUARY 2026

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr R Cannon

Director

Date: 26 May 2026

The notes on pages 3 to 8 form part of these financial statements.

Page 2

RK CARAVAN REPAIRS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

1.	General information

RK Caravan Repairs Limited (SC467457) is a Company, limited by shares and incorporated in Scotland. The registered office is 23 Kinloch Street, Ladybank, Cupar, KY15 7LF.

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

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis, notwithstanding that the company has net liabilities at the balance sheet date. The director has confirmed that they will continue to provide financial support to the company as required to enable it to meet its obligations for the foreseeable future. On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis.

Page 3

RK CARAVAN REPAIRS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance method.

Depreciation is provided on the following basis:

				Motor vehicles	-	20% reducing balance, 25% and 33.33% straight line
				Office equipment	-	33.33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

RK CARAVAN REPAIRS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.6

Leasing and hire purchase

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

RK CARAVAN REPAIRS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Employees

The average monthly number of employees, including directors, during the year was 3 (2025 - 3).

Page 6

RK CARAVAN REPAIRS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

4.	Tangible fixed assets

	Motor vehicles	Office equipment	Total
	£	£	£
Cost or valuation
At 1 February 2025	65,693	2,580	68,273
Disposals	(22,417)	-	(22,417)
At 31 January 2026	43,276	2,580	45,856
Depreciation
At 1 February 2025	58,949	2,181	61,130
Charge for the year on owned assets	3,217	399	3,616
Disposals	(22,417)	-	(22,417)
At 31 January 2026	39,749	2,580	42,329
Net book value
At 31 January 2026	3,527	-	3,527
At 31 January 2025	6,744	399	7,143

Debtors

					2026	2025
					£	£


Trade debtors	13,513	14,926
Deferred taxation	2,608	550
	16,121	15,476

Page 7

RK CARAVAN REPAIRS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

6.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Bank overdrafts	9,412	18,351
Bank loans	4,896	10,000
Trade creditors	1,760	202
Other taxation and social security	9,894	9,905
Obligations under finance lease and hire purchase contracts	-	1,416
Other creditors	20,005	10,109
Accruals and deferred income	7,739	1,950
	53,706	51,933

Secured loans

The bank overdraft is secured by a bond and floating charge over the assets of the company.

7.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

Bank loans	5,363	3,333
	5,363	3,333

8.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

100 (2025 - 100) Ordinary shares of £1.00 each	100	100

Page 8