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REGISTERED NUMBER: 01343301 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ROSS HANDLING LIMITED

ROSS HANDLING LIMITED (REGISTERED NUMBER: 01343301)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROSS HANDLING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr C F Fitzpatrick
Mrs L Horne
Mr L Cook





REGISTERED OFFICE: 71 Cannock Street
Leicester
LE4 9HR





REGISTERED NUMBER: 01343301 (England and Wales)

ROSS HANDLING LIMITED (REGISTERED NUMBER: 01343301)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 599,128 575,896

CURRENT ASSETS
Stocks 639,081 622,472
Debtors 5 278,548 282,410
Cash at bank 665,623 531,110
1,583,252 1,435,992
CREDITORS
Amounts falling due within one year 6 764,684 707,270
NET CURRENT ASSETS 818,568 728,722
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,417,696

1,304,618

CREDITORS
Amounts falling due after more than one year 7 (135,490 ) (118,983 )

PROVISIONS FOR LIABILITIES (64,212 ) (56,671 )
NET ASSETS 1,217,994 1,128,964

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,217,894 1,128,864
SHAREHOLDERS' FUNDS 1,217,994 1,128,964

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

ROSS HANDLING LIMITED (REGISTERED NUMBER: 01343301)

BALANCE SHEET - continued
31 MARCH 2024


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 1 August 2024 and were signed on its behalf by:




Mr C F Fitzpatrick - Director Mrs L Horne - Director




Mr L M Cook - Director


ROSS HANDLING LIMITED (REGISTERED NUMBER: 01343301)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Ross Handling 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
Revenue comprises the fair value for the sale of goods excluding value added taxes and represents net invoice value less estimated rebates, returns and settlement discounts. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined on the dispatch of the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost excluding land
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% 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.

ROSS HANDLING LIMITED (REGISTERED NUMBER: 01343301)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 399,620 62,948 251,873 196,455 910,896
Additions - 860 15,607 89,735 106,202
Disposals - - - (20,739 ) (20,739 )
At 31 March 2024 399,620 63,808 267,480 265,451 996,359
DEPRECIATION
At 1 April 2023 54,993 36,965 184,738 58,304 335,000
Charge for year 6,110 4,269 10,460 59,363 80,202
Eliminated on disposal - - - (17,971 ) (17,971 )
At 31 March 2024 61,103 41,234 195,198 99,696 397,231
NET BOOK VALUE
At 31 March 2024 338,517 22,574 72,282 165,755 599,128
At 31 March 2023 344,627 25,983 67,135 138,151 575,896

Included in cost of land and buildings is freehold land of £ 94,100 (2023 - £ 94,100 ) which is not depreciated.

ROSS HANDLING LIMITED (REGISTERED NUMBER: 01343301)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 272,143 276,299
Other debtors 6,405 6,111
278,548 282,410

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 31,582 20,685
Trade creditors 285,856 287,793
Taxation and social security 106,635 101,782
Other creditors 340,611 297,010
764,684 707,270

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 135,490 98,983
Other creditors - 20,000
135,490 118,983

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 167,072 119,668

The hire purchase agreements are secured on the assets concerned.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1.00 100 100