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REGISTERED NUMBER: SC590246 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Ross James Plumbing & Heating Serv. Ltd

Ross James Plumbing & Heating Serv. Ltd (Registered number: SC590246)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ross James Plumbing & Heating Serv. Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: R J McAlpine





REGISTERED OFFICE: Unit 20
Peffer Place North
Edinburgh
ML16 4BB





REGISTERED NUMBER: SC590246 (Scotland)





ACCOUNTANTS: ICW Accountancy Ltd
15 St Leonard Street
Lanark
Lanarkshire
ML11 7AB

Ross James Plumbing & Heating Serv. Ltd (Registered number: SC590246)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,243 18,009

CURRENT ASSETS
Debtors 5 15,479 4,376
Cash at bank and in hand 141,274 97,149
156,753 101,525
CREDITORS
Amounts falling due within one year 6 55,644 50,992
NET CURRENT ASSETS 101,109 50,533
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,352

68,542

PROVISIONS FOR LIABILITIES 3,466 3,422
NET ASSETS 115,886 65,120

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 115,785 65,019
115,886 65,120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 James Plumbing & Heating Serv. Ltd (Registered number: SC590246)

Balance Sheet - continued
31 March 2023


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 director and authorised for issue on 19 October 2023 and were signed by:





R J McAlpine - Director


Ross James Plumbing & Heating Serv. Ltd (Registered number: SC590246)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Ross James Plumbing & Heating Serv. Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 15% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Ross James Plumbing & Heating Serv. Ltd (Registered number: SC590246)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 32,706
Additions 3,074
At 31 March 2023 35,780
DEPRECIATION
At 1 April 2022 14,697
Charge for year 2,840
At 31 March 2023 17,537
NET BOOK VALUE
At 31 March 2023 18,243
At 31 March 2022 18,009

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 10,986
DEPRECIATION
At 1 April 2022 5,082
Charge for year 886
At 31 March 2023 5,968
NET BOOK VALUE
At 31 March 2023 5,018
At 31 March 2022 5,904

Ross James Plumbing & Heating Serv. Ltd (Registered number: SC590246)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 15,387 4,212
Other debtors 92 164
15,479 4,376

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts - 678
Trade creditors 4,451 7,638
Taxation and social security 11,129 5,126
Other creditors 40,064 37,550
55,644 50,992