1 January 2023 false No description of principal activity Taxfiler 2024.1 SC222568business:PrivateLimitedCompanyLtd2023-01-012023-12-31 SC2225682022-12-31 SC2225682023-01-012023-12-31 SC222568business:AuditExemptWithAccountantsReport2023-01-012023-12-31 SC222568business:FilletedAccounts2023-01-012023-12-31 SC2225682023-12-31 SC2225682022-12-31 SC222568core:WithinOneYear2023-12-31 SC222568core:WithinOneYear2022-12-31 SC222568core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC222568core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 SC222568core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC222568core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 SC222568core:PreviouslyStatedAmount2023-12-31 SC222568core:PreviouslyStatedAmount2022-12-31 SC222568business:SmallEntities2023-01-012023-12-31 SC222568business:Director12023-01-012023-12-31 SC222568countries:Scotland2023-01-012023-12-31 SC222568business:RegisteredOffice2023-01-012023-12-31 SC222568core:PlantMachinery2023-01-012023-12-31 SC222568core:FurnitureFittings2023-01-012023-12-31 SC222568core:PlantMachinery2022-12-31 SC222568core:FurnitureFittings2022-12-31 SC222568core:PlantMachinery2023-12-31 SC222568core:FurnitureFittings2023-12-31 SC222568business:OrdinaryShareClass12023-01-012023-12-31 SC222568business:OrdinaryShareClass12022-01-012022-12-31 SC222568business:OrdinaryShareClass22023-01-012023-12-31 SC222568business:OrdinaryShareClass22022-01-012022-12-31 SC222568business:OrdinaryShareClass32023-01-012023-12-31 SC222568business:OrdinaryShareClass32022-01-012022-12-31 SC222568business:AllOrdinaryShares2023-01-012023-12-31 SC222568business:AllOrdinaryShares2022-01-012022-12-31 SC2225682022-01-012022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC222568 (Scotland)
Ross Promotional Products Ltd. Unaudited accounts for the year ended 31 December 2023
Ross Promotional Products Ltd. Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,153 
13,672 
Current assets
Inventories
37,934 
40,265 
Debtors
343,346 
251,869 
Cash at bank and in hand
399,091 
357,611 
780,371 
649,745 
Creditors: amounts falling due within one year
(304,005)
(261,587)
Net current assets
476,366 
388,158 
Net assets
494,519 
401,830 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
494,419 
401,730 
Shareholders' funds
494,519 
401,830 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 March 2024 and were signed on its behalf by
S N Ross Director Company Registration No. SC222568
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Ross Promotional Products Ltd. Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Ross Promotional Products Ltd. is a private company, limited by shares, registered in Scotland, registration number SC222568. The registered office is 40 Crimea Street, Glasgow, G2 8PW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
51,039 
11,806 
62,845 
Additions
- 
10,532 
10,532 
At 31 December 2023
51,039 
22,338 
73,377 
Depreciation
At 1 January 2023
38,273 
10,900 
49,173 
Charge for the year
3,191 
2,860 
6,051 
At 31 December 2023
41,464 
13,760 
55,224 
Net book value
At 31 December 2023
9,575 
8,578 
18,153 
At 31 December 2022
12,766 
906 
13,672 
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Ross Promotional Products Ltd. Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
334,896 
247,259 
Accrued income and prepayments
8,450 
4,610 
343,346 
251,869 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
97,791 
110,783 
Taxes and social security
116,866 
69,339 
Other creditors
770 
845 
Loans from directors
819 
453 
Accruals
87,759 
80,167 
304,005 
261,587 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
80 Ordinary 'A' shares of £1 each
80 
80 
10 Ordinary 'B' shares of £1 each
10 
10 
10 Ordinary 'C' shares of £1 each
10 
10 
100 
100 
8
Average number of employees
During the year the average number of employees was 9 (2022: 9).
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