Company No: SC382165 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	30.11.2025		30.11.2024
		£		£
Fixed assets
Tangible assets	3	30,665		4,328
		30,665		4,328
Current assets
Debtors	4	123,618		340,625
Cash at bank and in hand	5	179,580		167,297
		303,198		507,922
Creditors: amounts falling due within one year	6	( 275,457)		( 440,476)
Net current assets		27,741		67,446
Total assets less current liabilities		58,406		71,774
Creditors: amounts falling due after more than one year	7	( 38,781)		( 26,167)
Provision for liabilities	8, 9	0		( 855)
Net assets		19,625		44,752
Capital and reserves
Called-up share capital	10	100		100
Profit and loss account		19,525		44,652
Total shareholder's funds		19,625		44,752

For the financial year ending 30 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of RAM Engineering And Tooling Ltd. (registered number: SC382165) were approved and authorised for issue by the Director on 13 August 2026. They were signed on its behalf by:

Ross Alexander Milne Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

RAM Engineering And Tooling Ltd. (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is C/O Lsr Engineering, Orchardbank Industrial Estate, Forfar, DD8 1TD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover represents amounts receivable for machinery and industrial equipment provided in the normal course of the business, and is shown net of VAT and trade discounts.

Revenue is recognised on an accruals basis.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	25 % reducing balance
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are recognised at transaction price. unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Provisions

Deferred tax provisions are recognised when the company has a present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

2. Employees

	Year ended 30.11.2025		Period from 01.09.2023 to 30.11.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	5		4

3. Tangible assets

	Vehicles		Office equipment		Total
	£		£		£
Cost
At 01 December 2024	4,950		5,604		10,554
Additions	33,290		1,145		34,435
At 30 November 2025	38,240		6,749		44,989
Accumulated depreciation
At 01 December 2024	1,759		4,467		6,226
Charge for the financial year	7,039		1,059		8,098
At 30 November 2025	8,798		5,526		14,324
Net book value
At 30 November 2025	29,442		1,223		30,665
At 30 November 2024	3,191		1,137		4,328

4. Debtors

	30.11.2025		30.11.2024
	£		£
Trade debtors	58,626		218,703
Corporation tax	1,296		1,296
Other debtors	63,696		120,626
	123,618		340,625

5. Cash and cash equivalents

	30.11.2025		30.11.2024
	£		£
Cash at bank and in hand	179,580		167,297

6. Creditors: amounts falling due within one year

	30.11.2025		30.11.2024
	£		£
Bank loans	5,635		5,496
Trade creditors	205,532		140,394
Taxation and social security	54,835		187,408
Obligations under finance leases and hire purchase contracts	4,736		0
Other creditors	4,719		107,178
	275,457		440,476

The bank loan is a 100% government guaranteed bounce back loan.

Included in other creditors is an unsecured loan of £nil (2024 - £100,000).

Included within obligations under finance leases and hire purchase contracts are obligations under finance leases amounting to £4,736 (2024 - £nil). These are secured over the related assets.

7. Creditors: amounts falling due after more than one year

	30.11.2025		30.11.2024
	£		£
Bank loans	20,532		26,167
Obligations under finance leases and hire purchase contracts	18,249		0
	38,781		26,167

The bank loan is a 100% government guaranteed bounce back loan.

Included within obligations under finance leases and hire purchase contracts are obligations under finance leases amounting to £18,249 (2024 - £nil). These are secured over the related assets.

8. Provision for liabilities

	30.11.2025		30.11.2024
	£		£
Deferred tax	0		855

9. Deferred tax

	30.11.2025		30.11.2024
	£		£
At the beginning of financial year/period	( 855)		( 1,522)
Credited to the Statement of Income and Retained Earnings	855		667
At the end of financial year/period	0		( 855)

10. Called-up share capital

	30.11.2025		30.11.2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

11. Related party transactions

Transactions with the entity's director

	30.11.2025		30.11.2024
	£		£
Amounts due from key management personnel at the reporting end date	54,645		90,362

During the year advances of £24,504 were made to the director with repayments received of £62,442. Interest was charged at 2.25% up to 05 April 2025 and 3.75% from 6 April 2026. There are no fixed repayment dates.