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REGISTERED NUMBER: 13948638 (England and Wales)















Financial Statements

for the Year Ended 31 March 2024

for

ROSSCO GROUP LTD

ROSSCO GROUP LTD (REGISTERED NUMBER: 13948638)

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


ROSSCO GROUP LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: G J Davies
Z C Haigh





REGISTERED OFFICE: 32 Gomersal Lane
Little Gomersal
Bradford
BD19 4AF





REGISTERED NUMBER: 13948638 (England and Wales)





ACCOUNTANTS: Rawse, Varley & Co
Chartered Accountants
Lloyds Bank Chambers
Hustlergate
Bradford
BD1 1UQ

ROSSCO GROUP LTD (REGISTERED NUMBER: 13948638)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,781 22,342
Investment property 5 299,446 299,446
316,227 321,788

CURRENT ASSETS
Work in progress 59,046 -
Debtors 6 90,258 128,089
Cash at bank 65,317 2,800
214,621 130,889
CREDITORS
Amounts falling due within one year 7 356,829 365,816
NET CURRENT LIABILITIES (142,208 ) (234,927 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,019

86,861

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 173,919 86,761
174,019 86,861

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.

ROSSCO GROUP LTD (REGISTERED NUMBER: 13948638)

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 4 December 2024 and were signed on its behalf by:





G J Davies - Director


ROSSCO GROUP LTD (REGISTERED NUMBER: 13948638)

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


1. STATUTORY INFORMATION

Rossco Group Ltd 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
Turnover represents the invoice value of goods and services provided in the period, excluding value added tax.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation.

Depreciation is calculated to write off assets to their estimated realisable value over their estimated useful lives at the following annual rates:

Fixtures and fittings - 15% of cost
Motor vehicles - 25% of reducing balance

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.

Work in progress
Work in progress is valued at the lower of cost and estimated net realisable value.

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.

3. EMPLOYEES AND DIRECTORS

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

ROSSCO GROUP LTD (REGISTERED NUMBER: 13948638)

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


4. TANGIBLE FIXED ASSETS
Plant,
equipment
and
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 24,350
DEPRECIATION
At 1 April 2023 2,008
Charge for year 5,561
At 31 March 2024 7,569
NET BOOK VALUE
At 31 March 2024 16,781
At 31 March 2023 22,342

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 299,446
NET BOOK VALUE
At 31 March 2024 299,446
At 31 March 2023 299,446

Investment property is stated at directors' valuation as at 31 March 2024, which is equivalent to cost.

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 8,000 127,960
Other debtors 81,202 -
89,202 127,960

Amounts falling due after more than one year:
Other debtors 1,056 129

Aggregate amounts 90,258 128,089

ROSSCO GROUP LTD (REGISTERED NUMBER: 13948638)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 30,040 40,602
Other creditors 326,789 325,214
356,829 365,816