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REGISTERED NUMBER: SC329030 (Scotland)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

RAEBURN DRILLING AND GEOTECHNICAL
(NORTHERN) LIMITED

RAEBURN DRILLING AND GEOTECHNICAL
(NORTHERN) LIMITED (REGISTERED NUMBER: SC329030)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RAEBURN DRILLING AND GEOTECHNICAL
(NORTHERN) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2019







DIRECTORS: D G Raeburn
A G Stephen


SECRETARY: J M Raeburn


REGISTERED OFFICE: East Avenue
Priestfield Industrial Estate
Blantyre
Glasgow
G72 0JB


REGISTERED NUMBER: SC329030 (Scotland)


SENIOR STATUTORY AUDITOR: Douglas Paton BSc CA


AUDITORS: Bannerman Johnstone Maclay
Chartered Accountants
and Statutory Auditor
213 St Vincent Street
Glasgow
G2 5QY


BANKERS: Bank of Scotland
PO Box 18
41 Princes Mall
East Kilbride
Glasgow
G74 1LA

RAEBURN DRILLING AND GEOTECHNICAL
(NORTHERN) LIMITED (REGISTERED NUMBER: SC329030)

BALANCE SHEET
31 MARCH 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 107,930 119,484

CURRENT ASSETS
Stocks 70,026 43,997
Debtors 5 248,678 150,932
Cash at bank 8,480 59,542
327,184 254,471
CREDITORS
Amounts falling due within one year 6 1,225,416 1,114,722
NET CURRENT LIABILITIES (898,232 ) (860,251 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(790,302

)

(740,767

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (790,402 ) (740,867 )
SHAREHOLDERS' FUNDS (790,302 ) (740,767 )

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 on 27 December 2019 and were signed on its behalf
by:





D G Raeburn - Director


RAEBURN DRILLING AND GEOTECHNICAL
(NORTHERN) LIMITED (REGISTERED NUMBER: SC329030)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019


1. STATUTORY INFORMATION

Raeburn Drilling and Geotechnical (Northern) 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.

The financial statements have been prepared in accordance with the going concern principle of accounting. This
is an appropriate policy considering the continued support that is being offered from the ultimate controlling
party, Raeburn Brick Limited.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold Fixtures - Straight line over 10 years
Plant and machinery etc - Varying rates

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

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 13 (2018 - 15 ) .

RAEBURN DRILLING AND GEOTECHNICAL
(NORTHERN) LIMITED (REGISTERED NUMBER: SC329030)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019


4. TANGIBLE FIXED ASSETS
Plant and
Leasehold machinery
Fixtures etc Totals
£    £    £   
COST
At 1 April 2018 7,290 366,285 373,575
Additions - 15,011 15,011
At 31 March 2019 7,290 381,296 388,586
DEPRECIATION
At 1 April 2018 7,290 246,801 254,091
Charge for year - 26,565 26,565
At 31 March 2019 7,290 273,366 280,656
NET BOOK VALUE
At 31 March 2019 - 107,930 107,930
At 31 March 2018 - 119,484 119,484

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 244,477 112,135
Amounts owed by group undertakings - 540
Other debtors 4,201 38,257
248,678 150,932

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 115,219 43,038
Amounts owed to group undertakings 1,062,045 1,039,789
Taxation and social security 32,922 19,539
Other creditors 15,230 12,356
1,225,416 1,114,722

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Douglas Paton BSc CA (Senior Statutory Auditor)
for and on behalf of Bannerman Johnstone Maclay

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Raeburn Brick Limited.