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REGISTERED NUMBER: SC249808 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

STUART ROSS (SCOTLAND) LIMITED

STUART ROSS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC249808)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STUART ROSS (SCOTLAND) LIMITED

COMPANY INFORMATION
For The Year Ended 30 June 2023







DIRECTOR: Stuart James Ross





SECRETARY: Mhairi Ross





REGISTERED OFFICE: R A Clement Associates
5 Argyll Square
OBAN
PA34 4AZ





REGISTERED NUMBER: SC249808 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

STUART ROSS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC249808)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 79,407 89,272
79,407 89,272

CURRENT ASSETS
Stocks 4,110 2,659
Debtors 6 4,396 9,056
Cash at bank 24,839 5,928
33,345 17,643
CREDITORS
Amounts falling due within one year 7 17,837 14,140
NET CURRENT ASSETS 15,508 3,503
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,915

92,775

PROVISIONS FOR LIABILITIES 19,852 17,854
NET ASSETS 75,063 74,921

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 74,963 74,821
SHAREHOLDERS' FUNDS 75,063 74,921

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

STUART ROSS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC249808)

BALANCE SHEET - continued
30 June 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 1 February 2024 and were signed by:





Stuart James Ross - Director


STUART ROSS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC249808)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2023

1. STATUTORY INFORMATION

Stuart Ross (Scotland) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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.

STUART ROSS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC249808)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 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. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 30,000
AMORTISATION
At 1 July 2022
and 30 June 2023 30,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 182,116 57,422 12,453 251,991
Additions 7,750 - 916 8,666
At 30 June 2023 189,866 57,422 13,369 260,657
DEPRECIATION
At 1 July 2022 127,614 25,123 9,982 162,719
Charge for year 9,338 8,075 1,118 18,531
At 30 June 2023 136,952 33,198 11,100 181,250
NET BOOK VALUE
At 30 June 2023 52,914 24,224 2,269 79,407
At 30 June 2022 54,502 32,299 2,471 89,272

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,288 9,056
Other debtors 1,108 -
4,396 9,056

STUART ROSS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC249808)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 15,059 10,168
Other creditors 2,778 3,972
17,837 14,140