Silverfin false 30/04/2023 01/05/2022 30/04/2023 C Rogers 30/03/2007 01 February 2024 The principal activity of the Company during the financial year continued to be that of the provision of legal services. SC320014 2023-04-30 SC320014 bus:Director1 2023-04-30 SC320014 2022-04-30 SC320014 core:CurrentFinancialInstruments 2023-04-30 SC320014 core:CurrentFinancialInstruments 2022-04-30 SC320014 core:ShareCapital 2023-04-30 SC320014 core:ShareCapital 2022-04-30 SC320014 core:RetainedEarningsAccumulatedLosses 2023-04-30 SC320014 core:RetainedEarningsAccumulatedLosses 2022-04-30 SC320014 core:FurnitureFittings 2022-04-30 SC320014 core:FurnitureFittings 2023-04-30 SC320014 bus:OrdinaryShareClass1 2023-04-30 SC320014 2022-05-01 2023-04-30 SC320014 bus:FullAccounts 2022-05-01 2023-04-30 SC320014 bus:SmallEntities 2022-05-01 2023-04-30 SC320014 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 SC320014 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 SC320014 bus:Director1 2022-05-01 2023-04-30 SC320014 core:FurnitureFittings core:TopRangeValue 2022-05-01 2023-04-30 SC320014 2021-05-01 2022-04-30 SC320014 core:FurnitureFittings 2022-05-01 2023-04-30 SC320014 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 SC320014 bus:OrdinaryShareClass1 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC320014 (Scotland)

ROSS ROGERS & CO LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2023
PAGES FOR FILING WITH THE REGISTRAR

ROSS ROGERS & CO LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2023

Contents

ROSS ROGERS & CO LIMITED

BALANCE SHEET

AS AT 30 APRIL 2023
ROSS ROGERS & CO LIMITED

BALANCE SHEET (continued)

AS AT 30 APRIL 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,111 1,810
1,111 1,810
Current assets
Debtors 4 23,251 21,666
Cash at bank and in hand 243,896 182,732
267,147 204,398
Creditors: amounts falling due within one year 5 ( 107,368) ( 97,713)
Net current assets 159,779 106,685
Total assets less current liabilities 160,890 108,495
Net assets 160,890 108,495
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 160,790 108,395
Total shareholder's funds 160,890 108,495

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Ross Rogers & Co Limited (registered number: SC320014) were approved and authorised for issue by the Director on 01 February 2024. They were signed on its behalf by:

C Rogers
Director
ROSS ROGERS & CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2023
ROSS ROGERS & CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ross Rogers & Co Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 221 Main Street, Rutherglen, Glasgow, G73 2HH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents amounts receivable from the provision of legal services net of VAT.

Revenue from the contracts for the provision of professional services is recognised by reference to the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 May 2022 13,607 13,607
At 30 April 2023 13,607 13,607
Accumulated depreciation
At 01 May 2022 11,797 11,797
Charge for the financial year 699 699
At 30 April 2023 12,496 12,496
Net book value
At 30 April 2023 1,111 1,111
At 30 April 2022 1,810 1,810

4. Debtors

2023 2022
£ £
Trade debtors 15,000 15,000
Other debtors 8,251 6,666
23,251 21,666

5. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 41,176 36,841
Other creditors 66,192 60,872
107,368 97,713

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Related party transactions

Transactions with the entity's director

2023 2022
£ £
Amounts due to key management personnel 63,222 51,996