6 April 2023 false No description of principal activity Taxfiler 2024.5 SC197014business:PrivateLimitedCompanyLtd2023-04-062024-04-05 SC1970142023-04-05 SC1970142023-04-062024-04-05 SC197014business:AuditExemptWithAccountantsReport2023-04-062024-04-05 SC197014business:AbridgedAccounts2023-04-062024-04-05 SC1970142024-04-05 SC197014business:Director12023-04-062024-04-05 SC197014business:RegisteredOffice2023-04-062024-04-05 SC1970142023-04-05 SC197014core:WithinOneYear2024-04-05 SC197014core:WithinOneYear2023-04-05 SC197014core:AfterOneYear2024-04-05 SC197014core:AfterOneYear2023-04-05 SC197014core:ShareCapitalcore:PreviouslyStatedAmount2024-04-05 SC197014core:ShareCapitalcore:PreviouslyStatedAmount2023-04-05 SC197014core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-05 SC197014core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-05 SC197014core:PreviouslyStatedAmount2024-04-05 SC197014core:PreviouslyStatedAmount2023-04-05 SC197014business:SmallEntities2023-04-062024-04-05 SC197014countries:Scotland2023-04-062024-04-05 SC197014core:MotorVehicles2023-04-062024-04-05 SC197014core:FurnitureFittings2023-04-062024-04-05 SC197014core:MotorVehiclescore:LeasedAssetsHeldAsLessee2024-04-05 SC197014core:MotorVehiclescore:LeasedAssetsHeldAsLessee2023-04-05 SC1970142022-04-062023-04-05 iso4217:GBP xbrli:pure
Company Registration No. SC197014 (Scotland)
Rosanco Limited Unaudited accounts for the year ended 5 April 2024
Rosanco Limited Unaudited accounts Contents
Page
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Rosanco Limited Company Information for the year ended 5 April 2024
Director
D Eason
Company Number
SC197014 (Scotland)
Registered Office
61 Drummond Road Inverness IV2 4LA
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
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Rosanco Limited Statement of financial position as at 5 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
30,069 
37,636 
Investment property
385,934 
385,934 
416,003 
423,570 
Current assets
Debtors
10,291 
5,000 
Cash at bank and in hand
23,925 
26,570 
34,216 
31,570 
Creditors: amounts falling due within one year
(98,709)
(102,494)
Net current liabilities
(64,493)
(70,924)
Total assets less current liabilities
351,510 
352,646 
Creditors: amounts falling due after more than one year
(25,118)
(29,796)
Provisions for liabilities
Deferred tax
(26,179)
(21,440)
Net assets
300,213 
301,410 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
300,211 
301,408 
Shareholders' funds
300,213 
301,410 
For the year ending 5 April 2024 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 30 September 2024 and were signed on its behalf by
D Eason Director Company Registration No. SC197014
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Rosanco Limited Notes to the Accounts for the year ended 5 April 2024
1
Statutory information
Rosanco Limited is a private company, limited by shares, registered in Scotland, registration number SC197014. The registered office is 61 Drummond Road, Inverness, IV2 4LA.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
20% reducing balance
Fixtures & fittings
20% straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Rosanco Limited Notes to the Accounts for the year ended 5 April 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 6 April 2023
45,163 
At 5 April 2024
45,163 
Depreciation
At 6 April 2023
7,527 
Charge for the year
7,567 
At 5 April 2024
15,094 
Net book value
At 5 April 2024
30,069 
At 5 April 2023
37,636 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
29,323 
36,654 
5
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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