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REGISTERED NUMBER: SC590246 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Ross James Plumbing & Heating Serv. Ltd

Ross James Plumbing & Heating Serv. Ltd (Registered number: SC590246)






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 James Plumbing & Heating Serv. Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: R J McAlpine





REGISTERED OFFICE: Unit 20
Peffer Place North
Edinburgh
ML16 4BB





REGISTERED NUMBER: SC590246 (Scotland)





ACCOUNTANTS: ICW Accountancy Ltd
15 St Leonard Street
Lanark
Lanarkshire
ML11 7AB

Ross James Plumbing & Heating Serv. Ltd (Registered number: SC590246)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,100 18,243

CURRENT ASSETS
Debtors 5 7,408 15,479
Cash at bank 160,350 141,274
167,758 156,753
CREDITORS
Amounts falling due within one year 6 36,184 55,644
NET CURRENT ASSETS 131,574 101,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,674

119,352

PROVISIONS FOR LIABILITIES 3,434 3,466
NET ASSETS 144,240 115,886

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 144,139 115,785
144,240 115,886

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 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.

Ross James Plumbing & Heating Serv. Ltd (Registered number: SC590246)

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 director and authorised for issue on 31 October 2024 and were signed by:





R J McAlpine - Director


Ross James Plumbing & Heating Serv. Ltd (Registered number: SC590246)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Ross James Plumbing & Heating Serv. Ltd is a private company, limited by shares , registered in Scotland. 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
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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and Machinery - 15% Reducing balance

Computer Equipment - 33% Straight Line

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 James Plumbing & Heating Serv. Ltd (Registered number: SC590246)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 35,780
Additions 625
At 31 March 2024 36,405
DEPRECIATION
At 1 April 2023 17,537
Charge for year 2,768
At 31 March 2024 20,305
NET BOOK VALUE
At 31 March 2024 16,100
At 31 March 2023 18,243

Ross James Plumbing & Heating Serv. Ltd (Registered number: SC590246)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 10,986
Transfer to ownership (10,986 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 5,968
Transfer to ownership (5,968 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 5,018

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 7,289 15,387
Other debtors 119 92
7,408 15,479

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1,472 4,451
Taxation and social security 22,640 11,129
Other creditors 12,072 40,064
36,184 55,644