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REGISTERED NUMBER: 03925912 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

DAVID ROSS FABRICATIONS LIMITED

DAVID ROSS FABRICATIONS LIMITED (REGISTERED NUMBER: 03925912)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAVID ROSS FABRICATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: David John Ross
Jean Isobel Ross





SECRETARY: Jean Isobel Ross





REGISTERED OFFICE: Old Hall Cottage
10 Main Street
Dunton Bassett
Leicestershire
LE17 5JH





REGISTERED NUMBER: 03925912 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants
25 Station Road
Hinckley
Leicestershire
LE10 1AP

DAVID ROSS FABRICATIONS LIMITED (REGISTERED NUMBER: 03925912)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 125,869 144,963

CURRENT ASSETS
Stocks 32,300 36,800
Debtors 5 391,388 422,565
Cash at bank 342,493 354,939
766,181 814,304
CREDITORS
Amounts falling due within one year 6 366,045 518,014
NET CURRENT ASSETS 400,136 296,290
TOTAL ASSETS LESS CURRENT
LIABILITIES

526,005

441,253

PROVISIONS FOR LIABILITIES 31,638 27,542
NET ASSETS 494,367 413,711

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 494,267 413,611
SHAREHOLDERS' FUNDS 494,367 413,711

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

DAVID ROSS FABRICATIONS LIMITED (REGISTERED NUMBER: 03925912)

BALANCE SHEET - continued
31 OCTOBER 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 Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by:





David John Ross - Director


DAVID ROSS FABRICATIONS LIMITED (REGISTERED NUMBER: 03925912)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

David Ross Fabrications Limited is a private company, limited by shares , registered in England and Wales. 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.
Plant and machinery - 25% on reducing balance and 8% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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 19 (2022 - 20 ) .

DAVID ROSS FABRICATIONS LIMITED (REGISTERED NUMBER: 03925912)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022 434,510 23,552 21,800 479,862
Additions 25,694 221 - 25,915
Disposals (124,277 ) (15,759 ) - (140,036 )
At 31 October 2023 335,927 8,014 21,800 365,741
DEPRECIATION
At 1 November 2022 302,608 18,865 13,426 334,899
Charge for year 39,364 1,416 2,094 42,874
Eliminated on disposal (122,142 ) (15,759 ) - (137,901 )
At 31 October 2023 219,830 4,522 15,520 239,872
NET BOOK VALUE
At 31 October 2023 116,097 3,492 6,280 125,869
At 31 October 2022 131,902 4,687 8,374 144,963

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 378,122 409,654
Other debtors 13,266 12,911
391,388 422,565

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 189,235 252,773
Corporation tax 44,129 42,775
Social security and other taxes 54,371 64,797
Other creditors 23,040 24,465
Directors' loan accounts:
David J. and Jean I. Ross 55,270 133,204
366,045 518,014