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REGISTERED NUMBER: 03777015 (England and Wales)















ROSSCO CIVIL ENGINEERING LIMITED

Unaudited Financial Statements

for the Year Ended 31 July 2024






ROSSCO CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 03777015)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROSSCO CIVIL ENGINEERING LIMITED

Company Information
for the Year Ended 31 July 2024







DIRECTORS: P F Butler
F O Butler





SECRETARY: F O Butler





REGISTERED OFFICE: Polo Grounds Industrial Estate
New Inn
Pontypool
Torfaen
NP4 0TW





REGISTERED NUMBER: 03777015 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

ROSSCO CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 03777015)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 507,474 557,403
Investments 5 102 102
Investment property 6 490,000 490,000
997,576 1,047,505

CURRENT ASSETS
Stocks 7 15,765,176 13,203,938
Debtors 8 1,162,642 1,777,251
Cash at bank and in hand 1,607,592 3,699,742
18,535,410 18,680,931
CREDITORS
Amounts falling due within one year 9 1,664,554 1,847,198
NET CURRENT ASSETS 16,870,856 16,833,733
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,868,432

17,881,238

PROVISIONS FOR LIABILITIES 1,151,800 1,593,050
NET ASSETS 16,716,632 16,288,188

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 16,716,630 16,288,186
SHAREHOLDERS' FUNDS 16,716,632 16,288,188

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 03777015)

Balance Sheet - continued
31 July 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 1 May 2025 and were signed on its behalf by:





F O Butler - Director


ROSSCO CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 03777015)

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

1. STATUTORY INFORMATION

Rossco Civil Engineering Limited 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - Equal annual instalments over 50 years
Plant & machinery - Equal annual instalments over 5 - 10 years
Fixtures & fittings - Equal annual instalments over 5 years
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

ROSSCO CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 03777015)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 August 2023 390,328 47,500 1,165,748
Additions - - 116,693
Disposals - - (28,000 )
At 31 July 2024 390,328 47,500 1,254,441
DEPRECIATION
At 1 August 2023 156,148 - 928,719
Charge for year 7,807 - 121,562
At 31 July 2024 163,955 - 1,050,281
NET BOOK VALUE
At 31 July 2024 226,373 47,500 204,160
At 31 July 2023 234,180 47,500 237,029

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 August 2023 2,188 206,619 1,812,383
Additions 530 - 117,223
Disposals - - (28,000 )
At 31 July 2024 2,718 206,619 1,901,606
DEPRECIATION
At 1 August 2023 2,188 167,925 1,254,980
Charge for year 110 9,673 139,152
At 31 July 2024 2,298 177,598 1,394,132
NET BOOK VALUE
At 31 July 2024 420 29,021 507,474
At 31 July 2023 - 38,694 557,403

ROSSCO CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 03777015)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2023
and 31 July 2024 102
NET BOOK VALUE
At 31 July 2024 102
At 31 July 2023 102

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 490,000
NET BOOK VALUE
At 31 July 2024 490,000
At 31 July 2023 490,000

7. STOCKS
31.7.24 31.7.23
£    £   
Work-in-progress 15,765,176 13,203,938

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 297,774 301,664
Other debtors 732,314 1,119,296
Tax 23,157 210,873
VAT 47,509 59,357
Prepayments and accrued income 61,888 86,061
1,162,642 1,777,251

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 544,253 689,027
Amounts owed to group undertakings 743,243 743,243
Tax 165,500 -
Social security and other taxes 16,172 20,721
Pension payable - 560
Other creditors 144,062 59,277
Directors' current accounts 48,015 331,223
Accrued expenses 3,309 3,147
1,664,554 1,847,198

ROSSCO CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 03777015)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
F O Butler
Balance outstanding at start of year (331,223 ) 68,612
Amounts advanced 293,222 958,676
Amounts repaid (10,015 ) (1,358,511 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (48,016 ) (331,223 )

11. RELATED PARTY DISCLOSURES

At 31 July 2024 the company was owed £395,640 (2023 - £412,530) by family members of the directors.

12. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of New Ross (Holdings) Limited, a company with a registered office address of 18 Polo Grounds Industrial Estate, New Inn, Pontypool, Torfaen, Wales NP4 0TW.