REGISTERED NUMBER: SC698142 (Scotland)

Financial Statements for the Year Ended 31 December 2025

for

Renquip Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M G Gerrard

J D M Morgan

REGISTERED OFFICE:

Unit 1 Dunnottar House

Howe Moss Drive, Dyce,

Aberdeen

AB21 0FN

REGISTERED NUMBER:

SC698142 (Scotland)

ACCOUNTANTS:

J M Taylor

5 Rubislaw Terrace

ABERDEEN

AB10 1XE

FIXED ASSETS

Intangible assets

4

12,783

2,166

Tangible assets

5

1,088,163

880,864

1,100,946

883,030

CURRENT ASSETS

Stocks

372,932

287,532

Debtors

6

1,116,965

970,927

Cash at bank

1,122,464

658,789

2,612,361

1,917,248

CREDITORS

Amounts falling due within one year

7

701,283

594,503

NET CURRENT ASSETS

1,911,078

1,322,745

TOTAL ASSETS LESS CURRENT LIABILITIES

3,012,024

2,205,775

CREDITORS

Amounts falling due after more than one year

8

-

(302,406

)

PROVISIONS FOR LIABILITIES

(272,041

)

(217,779

)

NET ASSETS

2,739,983

1,685,590

CAPITAL AND RESERVES

Called up share capital

600,000

600,000

Retained earnings

2,139,983

1,085,590

2,739,983

1,685,590

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2026 and were signed on its behalf by:

M G Gerrard - Director

1.	STATUTORY INFORMATION

Renquip Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

3 yrs - 10 yrs Straight Line

Fixtures and fittings

-

5 yrs Straight line

Computer equipment

-

3 yrs - 5 yrs Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

4,332

Additions

13,000

At 31 December 2025

17,332

AMORTISATION

At 1 January 2025

2,166

Charge for year

2,383

At 31 December 2025

4,549

NET BOOK VALUE

At 31 December 2025

12,783

At 31 December 2024

2,166

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2025

1,173,513

15,587

22,924

1,212,024

Additions

502,632

2,287

6,571

511,490

Disposals

(64,687

)

-

(9,750

)

(74,437

)

At 31 December 2025

1,611,458

17,874

19,745

1,649,077

DEPRECIATION

At 1 January 2025

321,583

3,123

6,454

331,160

Charge for year

240,432

4,056

4,319

248,807

Eliminated on disposal

(19,053

)

-

-

(19,053

)

At 31 December 2025

542,962

7,179

10,773

560,914

NET BOOK VALUE

At 31 December 2025

1,068,496

10,695

8,972

1,088,163

At 31 December 2024

851,930

12,464

16,470

880,864

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

1,077,309

937,007

Other debtors

39,656

33,920

1,116,965

970,927

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

302,846

316,085

Amounts owed to group undertakings

77,500

29,948

Taxation and social security

265,944

184,737

Other creditors

54,993

63,733

701,283

594,503

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Other creditors

-

302,406

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Renquip Group Limited.