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ROSS BAINES ART LIMITED

Registered Number
11228051
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2025

ROSS BAINES ART LIMITED
Company Information
for the year from 1 March 2024 to 28 February 2025

Directors

BAINES, Katie Anne
BAINES, Ross Laurence

Registered Address

2 Colchester Road
St. Osyth
Clacton-On-Sea
CO16 8HA

Registered Number

11228051 (England and Wales)
ROSS BAINES ART LIMITED
Balance Sheet as at
28 February 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets32,2612,119
2,2612,119
Current assets
Debtors8542,897
Cash at bank and on hand14,28617,174
15,14020,071
Creditors amounts falling due within one year4(11,551)(10,393)
Net current assets (liabilities)3,5899,678
Total assets less current liabilities5,85011,797
Provisions for liabilities5(565)(530)
Net assets5,28511,267
Capital and reserves
Profit and loss account5,28511,267
Shareholders' funds5,28511,267
The financial statements were approved and authorised for issue by the Board of Directors on 18 March 2025, and are signed on its behalf by:
BAINES, Katie Anne
Director
BAINES, Ross Laurence
Director

Registered Company No. 11228051
ROSS BAINES ART LIMITED
Notes to the Financial Statements
for the year ended 28 February 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Office Equipment25
2.Average number of employees

20252024
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 March 24-3,6093,609
Additions713184897
At 28 February 257133,7934,506
Depreciation and impairment
At 01 March 24-1,4901,490
Charge for year178577755
At 28 February 251782,0672,245
Net book value
At 28 February 255351,7262,261
At 29 February 24-2,1192,119
4.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables1,3241,208
Taxation and social security8,7759,176
Other creditors1,4529
Total11,55110,393
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Provisions for liabilities

2025

2024

££
Net deferred tax liability (asset)565530
Total565530