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REGISTERED NUMBER: SC373270 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

ROSS & SIMPSON LIMITED

ROSS & SIMPSON LIMITED (REGISTERED NUMBER: SC373270)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROSS & SIMPSON LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2022







DIRECTORS: C Ross
K Simpson





SECRETARY:





REGISTERED OFFICE: 65 Moss Street
Keith
AB55 5HE





REGISTERED NUMBER: SC373270 (Scotland)





ACCOUNTANT: TAXWRIGHT LTD
65 Moss Street
Keith
Moray
AB55 5HE

ROSS & SIMPSON LIMITED (REGISTERED NUMBER: SC373270)

BALANCE SHEET
31 March 2022

31/3/22 31/3/21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 70,203 76,031

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 5 8,490 17,150
Cash at bank 73,899 70,813
84,889 90,463
CREDITORS
Amounts falling due within one year 6 32,517 26,133
NET CURRENT ASSETS 52,372 64,330
TOTAL ASSETS LESS CURRENT
LIABILITIES

122,575

140,361

CREDITORS
Amounts falling due after more than one
year

7

40,817

50,781
NET ASSETS 81,758 89,580

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 81,658 89,480
SHAREHOLDERS' FUNDS 81,758 89,580

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

ROSS & SIMPSON LIMITED (REGISTERED NUMBER: SC373270)

BALANCE SHEET - continued
31 March 2022


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 12 July 2022 and were signed on its behalf by:




C Ross - Director



K Simpson - Director


ROSS & SIMPSON LIMITED (REGISTERED NUMBER: SC373270)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2022

1. STATUTORY INFORMATION

Ross & Simpson 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 3 ) .

ROSS & SIMPSON LIMITED (REGISTERED NUMBER: SC373270)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2021 36,550 117,801 154,351
Additions - 5,400 5,400
At 31 March 2022 36,550 123,201 159,751
DEPRECIATION
At 1 April 2021 - 78,320 78,320
Charge for year - 11,228 11,228
At 31 March 2022 - 89,548 89,548
NET BOOK VALUE
At 31 March 2022 36,550 33,653 70,203
At 31 March 2021 36,550 39,481 76,031

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/22 31/3/21
£    £   
Other debtors 8,490 17,150

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/22 31/3/21
£    £   
Taxation and social security 21,206 17,182
Other creditors 11,311 8,951
32,517 26,133

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/22 31/3/21
£    £   
Bank loans 35,661 40,000
Hire purchase contracts 5,156 10,781
40,817 50,781