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REGISTERED NUMBER: SC060385 (Scotland)















Financial Statements For The Year Ended 30 June 2024

for

Ross Fire Protection Limited

Ross Fire Protection Limited (Registered number: SC060385)






Contents of the Financial Statements
For The Year Ended 30 June 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Ross Fire Protection Limited

Company Information
For The Year Ended 30 June 2024







DIRECTOR: R McVicar



REGISTERED OFFICE: 29 Deerdykes View
Westfield
CUMBERNAULD
G68 9HN



REGISTERED NUMBER: SC060385 (Scotland)



ACCOUNTANTS: Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ



SOLICITORS: Bannatyne Kirkwood France & Co
Exchange House
16 Royal Exchange Square
Glasgow
G1 3AG

Ross Fire Protection Limited (Registered number: SC060385)

Abridged Statement of Financial Position
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 186,566 74,884

CURRENT ASSETS
Stocks 20,000 5,000
Debtors 2,710,196 2,473,491
Cash at bank 41,846 60,571
2,772,042 2,539,062
CREDITORS
Amounts falling due within one year 2,198,461 1,943,317
NET CURRENT ASSETS 573,581 595,745
TOTAL ASSETS LESS CURRENT
LIABILITIES

760,147

670,629

CREDITORS
Amounts falling due after more than one
year

(301,730

)

(266,949

)

PROVISIONS FOR LIABILITIES (16,169 ) (1,177 )
NET ASSETS 442,248 402,503

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 441,248 401,503
SHAREHOLDERS' FUNDS 442,248 402,503

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Fire Protection Limited (Registered number: SC060385)

Abridged Statement of Financial Position - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 March 2025 and were signed by:





R McVicar - Director


Ross Fire Protection Limited (Registered number: SC060385)

Notes to the Financial Statements
For The Year Ended 30 June 2024

1. STATUTORY INFORMATION

Ross Fire Protection 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.

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
Turnover from the supply of goods and services represents the value of goods and services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the goods and services provided based on a proportion of the total contract value.
Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses.

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.
Fixtures and fittings - 33.33% on cost and 10% on reducing balance
Motor vehicles - 25% on reducing balance

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

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the statement of comprehensive income. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the statement of comprehensive income.

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 statement of financial position date.

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.

Ross Fire Protection Limited (Registered number: SC060385)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. 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 the statement of comprehensive income over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the statement of comprehensive income 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 the statement of comprehensive income in the period to which they relate.

Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal levels of activity. Provision is made for any foreseeable losses where appropriate. An element of profit is recognised in relation to the stage of completion of each job.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 198,960
Additions 134,733
At 30 June 2024 333,693
DEPRECIATION
At 1 July 2023 124,076
Charge for year 23,051
At 30 June 2024 147,127
NET BOOK VALUE
At 30 June 2024 186,566
At 30 June 2023 74,884

Ross Fire Protection Limited (Registered number: SC060385)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

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

Totals
£   
COST
At 1 July 2023 91,055
Additions 130,750
At 30 June 2024 221,805
DEPRECIATION
At 1 July 2023 25,396
Charge for year 20,711
At 30 June 2024 46,107
NET BOOK VALUE
At 30 June 2024 175,698
At 30 June 2023 65,659

5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 54,704 18,860
Between one and five years 130,273 45,760
184,977 64,620

Non-cancellable operating leases
2024 2023
£    £   
Within one year 8,733 14,970
Between one and five years - 8,733
8,733 23,703

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 184,977 64,620

Ross Fire Protection Limited (Registered number: SC060385)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

7. ULTIMATE CONTROLLING PARTY

The controlling party is J McVicar.