IRIS Accounts Production v24.2.0.383 02358008 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh023580082022-12-31023580082023-12-31023580082023-01-012023-12-31023580082021-12-31023580082022-01-012022-12-31023580082022-12-3102358008ns15:EnglandWales2023-01-012023-12-3102358008ns14:PoundSterling2023-01-012023-12-3102358008ns10:Director12023-01-012023-12-3102358008ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3102358008ns10:SmallEntities2023-01-012023-12-3102358008ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3102358008ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3102358008ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3102358008ns10:FullAccounts2023-01-012023-12-3102358008ns10:CompanySecretary12023-01-012023-12-3102358008ns10:RegisteredOffice2023-01-012023-12-3102358008ns5:CurrentFinancialInstruments2023-12-3102358008ns5:CurrentFinancialInstruments2022-12-3102358008ns5:ShareCapital2023-12-3102358008ns5:ShareCapital2022-12-3102358008ns5:RetainedEarningsAccumulatedLosses2023-12-3102358008ns5:RetainedEarningsAccumulatedLosses2022-12-3102358008ns5:LeaseholdImprovements2023-01-012023-12-3102358008ns5:PlantMachinery2023-01-012023-12-3102358008ns5:FurnitureFittings2023-01-012023-12-3102358008ns5:MotorVehicles2023-01-012023-12-3102358008ns5:LeaseholdImprovements2022-12-3102358008ns5:PlantMachinery2022-12-3102358008ns5:FurnitureFittings2022-12-3102358008ns5:MotorVehicles2022-12-3102358008ns5:LeaseholdImprovements2023-12-3102358008ns5:PlantMachinery2023-12-3102358008ns5:FurnitureFittings2023-12-3102358008ns5:MotorVehicles2023-12-3102358008ns5:LeaseholdImprovements2022-12-3102358008ns5:PlantMachinery2022-12-3102358008ns5:FurnitureFittings2022-12-3102358008ns5:MotorVehicles2022-12-3102358008ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3102358008ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3102358008ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-12-3102358008ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-12-3102358008ns5:WithinOneYear2023-12-3102358008ns5:WithinOneYear2022-12-3102358008ns5:BetweenOneFiveYears2023-12-3102358008ns5:BetweenOneFiveYears2022-12-3102358008ns5:AllPeriods2023-12-3102358008ns5:AllPeriods2022-12-31
REGISTERED NUMBER: 02358008 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ROSSBRO LIMITED

ROSSBRO LIMITED (REGISTERED NUMBER: 02358008)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ROSSBRO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: B Ross





SECRETARY: D Ross





REGISTERED OFFICE: Unit 30 Camford Way
Sundon Park
Luton
Bedfordshire
LU3 3AN





REGISTERED NUMBER: 02358008 (England and Wales)





ACCOUNTANTS: Landers Accountants Ltd
Church View Chambers
38 Market Square
Toddington
Bedfordshire
LU5 6BS

ROSSBRO LIMITED (REGISTERED NUMBER: 02358008)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 76,699 95,417

CURRENT ASSETS
Inventories 15,685 22,855
Debtors 5 372,338 260,443
Cash at bank 85,892 70,771
473,915 354,069
CREDITORS
Amounts falling due within one year 6 199,733 79,894
NET CURRENT ASSETS 274,182 274,175
TOTAL ASSETS LESS CURRENT
LIABILITIES

350,881

369,592

PROVISIONS FOR LIABILITIES 18,395 22,955
NET ASSETS 332,486 346,637

CAPITAL AND RESERVES
Called up share capital 107 107
Retained earnings 332,379 346,530
SHAREHOLDERS' FUNDS 332,486 346,637

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

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

ROSSBRO LIMITED (REGISTERED NUMBER: 02358008)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 24 September 2024 and were signed by:





B Ross - Director


ROSSBRO LIMITED (REGISTERED NUMBER: 02358008)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Rossbro Limited is a private company, limited by shares, registered in England and Wales. Its registered office is Unit 30 Camford Way, Sundon Park, Luton, Bedfordshire, LU3 3AN.

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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded at cost.

The assets are carried at cost less accumulated depreciation and impairment.

Assets are removed from the statement of financial position on disposal or when it is withdrawn from use and no future economic benefits are expected from its disposal.

Inventories and work in progress
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

When the inventory's market value drops below its book value an impairment correction is undertaken.

The cost of works carried out and not yet at a recognised stage of completion are included within work inprogress. The value of works completed to a recognised stage which have been applied for, are included within turnover and within trade debtors.


ROSSBRO LIMITED (REGISTERED NUMBER: 02358008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 16 ) .

ROSSBRO LIMITED (REGISTERED NUMBER: 02358008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 7,366 89,009 17,357 62,754 176,486
Additions - 6,181 443 - 6,624
Disposals - (4,099 ) (9,889 ) - (13,988 )
At 31 December 2023 7,366 91,091 7,911 62,754 169,122
DEPRECIATION
At 1 January 2023 2,626 41,617 8,147 28,679 81,069
Charge for year 736 7,386 508 8,519 17,149
Eliminated on disposal - (1,979 ) (3,816 ) - (5,795 )
At 31 December 2023 3,362 47,024 4,839 37,198 92,423
NET BOOK VALUE
At 31 December 2023 4,004 44,067 3,072 25,556 76,699
At 31 December 2022 4,740 47,392 9,210 34,075 95,417

5. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 49,621 60,572
Amounts recoverable on contract 262,011 123,836
Other debtors 37,472 56,797
349,104 241,205

Amounts falling due after more than one year:
Other debtors 23,234 19,238

Aggregate amounts 372,338 260,443

ROSSBRO LIMITED (REGISTERED NUMBER: 02358008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 100,803 44,223
Amounts owed to group undertakings 14,621 -
Taxation and social security 51,675 12,280
Other creditors 32,634 23,391
199,733 79,894

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 22,848 43,336
Between one and five years 37,960 46,270
60,808 89,606

8. PARENT COMPANY

The parent company is Rossbro Holdings Limited, and its registered office is Unit 30 Camford Way, Sundon Park, Luton, Bedfordshire, LU3 3AN.