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REGISTERED NUMBER: 03777015 (England and Wales)















ROSSCO CIVIL ENGINEERING LIMITED

Unaudited Financial Statements

for the Year Ended 31 July 2023






ROSSCO CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 03777015)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ROSSCO CIVIL ENGINEERING LIMITED

Company Information
for the Year Ended 31 July 2023







DIRECTORS: P F Butler
F O Butler





SECRETARY: F O Butler





REGISTERED OFFICE: Polo Grounds Industrial Estate
New Inn
Pontypool
Torfaen
NP4 0TW





REGISTERED NUMBER: 03777015 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

ROSSCO CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 03777015)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 557,403 602,798
Investments 5 102 102
Investment property 6 490,000 490,000
1,047,505 1,092,900

CURRENT ASSETS
Stocks 7 13,203,938 8,714,038
Debtors 8 1,777,251 2,769,888
Cash at bank 3,699,742 6,205,263
18,680,931 17,689,189
CREDITORS
Amounts falling due within one year 9 1,847,198 1,220,600
NET CURRENT ASSETS 16,833,733 16,468,589
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,881,238

17,561,489

PROVISIONS FOR LIABILITIES 1,593,050 1,712,300
NET ASSETS 16,288,188 15,849,189

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 16,288,186 15,849,187
SHAREHOLDERS' FUNDS 16,288,188 15,849,189

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

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

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 30 July 2024 and were signed on its behalf by:





F O Butler - Director


ROSSCO CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 03777015)

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

1. STATUTORY INFORMATION

Rossco Civil Engineering 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - Equal annual instalments over 50 years
Plant & machinery - Equal annual instalments over 5 - 10 years
Fixtures & fittings - Equal annual instalments over 5 years
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

ROSSCO CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 03777015)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 August 2022 390,328 - 1,211,221
Additions - 47,500 94,527
Disposals - - (140,000 )
At 31 July 2023 390,328 47,500 1,165,748
DEPRECIATION
At 1 August 2022 148,341 - 895,123
Charge for year 7,807 - 112,796
Eliminated on disposal - - (79,200 )
At 31 July 2023 156,148 - 928,719
NET BOOK VALUE
At 31 July 2023 234,180 47,500 237,029
At 31 July 2022 241,987 - 316,098

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 August 2022 2,188 200,801 1,804,538
Additions - 5,818 147,845
Disposals - - (140,000 )
At 31 July 2023 2,188 206,619 1,812,383
DEPRECIATION
At 1 August 2022 2,188 156,088 1,201,740
Charge for year - 11,837 132,440
Eliminated on disposal - - (79,200 )
At 31 July 2023 2,188 167,925 1,254,980
NET BOOK VALUE
At 31 July 2023 - 38,694 557,403
At 31 July 2022 - 44,713 602,798

ROSSCO CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 03777015)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2022
and 31 July 2023 102
NET BOOK VALUE
At 31 July 2023 102
At 31 July 2022 102

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 490,000
NET BOOK VALUE
At 31 July 2023 490,000
At 31 July 2022 490,000

7. STOCKS
31.7.23 31.7.22
£    £   
Work-in-progress 13,203,938 8,714,038

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 301,664 277,428
Other debtors 1,119,296 2,332,957
Directors' current accounts - 68,612
Tax 210,873 23,157
VAT 59,357 31,579
Prepayments and accrued income 86,061 36,155
1,777,251 2,769,888

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 689,027 345,982
Amounts owed to group undertakings 743,243 743,243
Tax - 46,594
Social security and other taxes 20,721 28,358
Pension payable 560 -
Other creditors 59,277 53,273
Directors' current accounts 331,223 -
Accrued expenses 3,147 3,150
1,847,198 1,220,600

ROSSCO CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 03777015)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
F O Butler
Balance outstanding at start of year 68,612 (17,431 )
Amounts advanced 958,676 96,883
Amounts repaid (1,358,511 ) (10,840 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (331,223 ) 68,612

11. RELATED PARTY DISCLOSURES

At 31 July 2023 the company was owed £412,530 (2022 - £1,740,427) by family members of the directors.

12. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of New Ross (Holdings) Limited, a company with a registered office address of 18 Polo Grounds Industrial Estate, New Inn, Pontypool, Torfaen, Wales NP4 0TW.