Registered number
SC773517
Ross Anderson Ventures Ltd
Filleted Accounts
30 June 2024
Ross Anderson Ventures Ltd
Registered number: SC773517
Balance Sheet
as at 30 June 2024
Notes 2024
£
Current assets
Debtors 3 7,266
Cash at bank and in hand 2,281
9,547
Creditors: amounts falling due within one year 4 (29,762)
Net current (liabilities)/assets (20,215)
Net liabilities (20,215)
Capital and reserves
Called up share capital 100
Profit and loss account (20,315)
Shareholder's funds (20,215)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Anderson
Director
Approved by the board on 14 March 2025
Ross Anderson Ventures Ltd
Notes to the Accounts
for the period from 22 June 2023 to 30 June 2024
1 Accounting policies
Turnover
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 rendering of services and 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
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.
Taxation
A current tax asset is recognised in respect of a tax loss that can be carried forwards to recover tax due in a future period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024
Number
Average number of persons employed by the company 5
3 Debtors 2024
£
Other debtors 7,266
4 Creditors: amounts falling due within one year 2024
£
Trade creditors 6,131
Other taxes and social security costs 15,964
Other creditors 7,667
29,762
5 Other information
Ross Anderson Ventures Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
No. 1 Victoria Road
Kirkcaldy
Fife
KY1 1DT
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