IRIS Accounts Production v24.3.2.46 SC507743 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5077432023-06-30SC5077432024-06-30SC5077432023-07-012024-06-30SC5077432022-06-30SC5077432022-07-012023-06-30SC5077432023-06-30SC507743ns15:Scotland2023-07-012024-06-30SC507743ns14:PoundSterling2023-07-012024-06-30SC507743ns10:Director12023-07-012024-06-30SC507743ns10:PrivateLimitedCompanyLtd2023-07-012024-06-30SC507743ns10:SmallEntities2023-07-012024-06-30SC507743ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-30SC507743ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-30SC507743ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-30SC507743ns10:FullAccounts2023-07-012024-06-30SC50774312023-07-012024-06-30SC507743ns10:Director22023-07-012024-06-30SC507743ns10:CompanySecretary12023-07-012024-06-30SC507743ns10:RegisteredOffice2023-07-012024-06-30SC507743ns5:CurrentFinancialInstruments2024-06-30SC507743ns5:CurrentFinancialInstruments2023-06-30SC507743ns5:Non-currentFinancialInstruments2024-06-30SC507743ns5:Non-currentFinancialInstruments2023-06-30SC507743ns5:ShareCapital2024-06-30SC507743ns5:ShareCapital2023-06-30SC507743ns5:RetainedEarningsAccumulatedLosses2024-06-30SC507743ns5:RetainedEarningsAccumulatedLosses2023-06-30SC507743ns5:NetGoodwill2023-07-012024-06-30SC507743ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-30SC507743ns5:PlantMachinery2023-07-012024-06-30SC507743ns5:FurnitureFittings2023-07-012024-06-30SC507743ns5:MotorVehicles2023-07-012024-06-30SC507743ns5:ComputerEquipment2023-07-012024-06-30SC507743ns5:NetGoodwill2023-06-30SC507743ns5:NetGoodwill2024-06-30SC507743ns5:NetGoodwill2023-06-30SC507743ns5:PlantMachinery2023-06-30SC507743ns5:FurnitureFittings2023-06-30SC507743ns5:MotorVehicles2023-06-30SC507743ns5:ComputerEquipment2023-06-30SC507743ns5:PlantMachinery2024-06-30SC507743ns5:FurnitureFittings2024-06-30SC507743ns5:MotorVehicles2024-06-30SC507743ns5:ComputerEquipment2024-06-30SC507743ns5:PlantMachinery2023-06-30SC507743ns5:FurnitureFittings2023-06-30SC507743ns5:MotorVehicles2023-06-30SC507743ns5:ComputerEquipment2023-06-30SC507743ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-30SC507743ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: SC507743 (Scotland)











































Rossmuir Limited

Unaudited Financial Statements

for the Year Ended 30th June 2024






Rossmuir Limited (Registered number: SC507743)






Contents of the Financial Statements
for the year ended 30th June 2024




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 7


Rossmuir Limited

Company Information
for the year ended 30th June 2024







Directors: L Becattelli
Mrs O M Becattelli





Secretary: Mrs O M Becattelli





Registered office: 27-29 Shedden Park Road
Kelso
Roxburghshire
TD5 7AL





Business address: 12 Pinnaclehill Farm Estate
Kelso
Roxburghshire
TD5 8HD





Registered number: SC507743 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Rossmuir Limited (Registered number: SC507743)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 12,000 24,000
Tangible assets 5 35,053 24,526
47,053 48,526

Current assets
Stocks 8,137 8,137
Debtors 6 24,882 12,864
Cash at bank and in hand 53,980 75,125
86,999 96,126
Creditors
Amounts falling due within one year 7 95,392 84,758
Net current (liabilities)/assets (8,393 ) 11,368
Total assets less current liabilities 38,660 59,894

Creditors
Amounts falling due after more than one
year

8

29,197

48,608
Net assets 9,463 11,286

Capital and reserves
Called up share capital 100 100
Retained earnings 9,363 11,186
Shareholders' funds 9,463 11,286

Rossmuir Limited (Registered number: SC507743)

Balance Sheet - continued
30th June 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

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 by the Board of Directors and authorised for issue on 31st December 2024 and were signed on its behalf by:





L Becattelli - Director


Rossmuir Limited (Registered number: SC507743)

Notes to the Financial Statements
for the year ended 30th June 2024

1. Statutory information

Rossmuir Limited 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 represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Office equipment - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks
Stock is valued at the lower of cost and estimated selling price less costs to sell.

Cost includes all direct expenditure and appropriate proportion of fixed and variable overheads. Net realisable value is based on estimated selling prices less further costs expected to be incurred in bringing the stock to completion.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals,bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Rossmuir Limited (Registered number: SC507743)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

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 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.

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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the statement of income and retained earnings in the period in which they are incurred.

Going concern
The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and have an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was 23 (2023 - 21 ) .

Rossmuir Limited (Registered number: SC507743)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st July 2023
and 30th June 2024 120,000
Amortisation
At 1st July 2023 96,000
Amortisation for year 12,000
At 30th June 2024 108,000
Net book value
At 30th June 2024 12,000
At 30th June 2023 24,000

5. Tangible fixed assets
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1st July 2023 48,005 6,879 14,750 2,879 72,513
Additions - 361 18,500 307 19,168
Disposals - - (14,750 ) - (14,750 )
At 30th June 2024 48,005 7,240 18,500 3,186 76,931
Depreciation
At 1st July 2023 27,806 4,940 13,274 1,967 47,987
Charge for year 4,953 704 770 738 7,165
Eliminated on disposal - - (13,274 ) - (13,274 )
At 30th June 2024 32,759 5,644 770 2,705 41,878
Net book value
At 30th June 2024 15,246 1,596 17,730 481 35,053
At 30th June 2023 20,199 1,939 1,476 912 24,526

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 18,285 8,721
Other debtors 6,597 4,143
24,882 12,864

Rossmuir Limited (Registered number: SC507743)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 9,102 9,102
Trade creditors 19,202 22,951
Taxation and social security 27,583 31,121
Other creditors 39,505 21,584
95,392 84,758

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 24,271 33,373
Other creditors 4,926 15,235
29,197 48,608

9. Other financial commitments

At 30 June 2024 the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £9,006 (2023 - £48,093).