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REGISTERED NUMBER: NI016249 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

D F ROSS & SONS LIMITED

D F ROSS & SONS LIMITED (REGISTERED NUMBER: NI016249)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


D F ROSS & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: P M Ross
N Morrow
B Ross



SECRETARY: P M Ross



REGISTERED OFFICE: Unit 4 Portman Business Park
Lissue Industrial Estate West
Lisburn
Co. Antrim
BT28 2XF



REGISTERED NUMBER: NI016249 (Northern Ireland)



ACCOUNTANTS: Baker Tilly Mooney Moore
17 Clarendon Road
Belfast
BT1 3BG



BANKERS: Danske Bank
1 - 2 Broadway
Ballymena
BT43 7AA



SOLICITORS: Peden & Reid
22 Callender Street
Belfast
BT1 5BU

D F ROSS & SONS LIMITED (REGISTERED NUMBER: NI016249)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 212,852 227,808
Investments 5 394,463 394,463
607,315 622,271

CURRENT ASSETS
Stocks 6 706,439 837,537
Debtors 7 2,093,897 2,091,291
Cash at bank and in hand 621,835 1,016,865
3,422,171 3,945,693
CREDITORS
Amounts falling due within one year 8 1,267,615 1,679,117
NET CURRENT ASSETS 2,154,556 2,266,576
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,761,871

2,888,847

CREDITORS
Amounts falling due after more than one
year

9

(7,420

)

(16,080

)

PROVISIONS FOR LIABILITIES (34,319 ) (37,257 )
NET ASSETS 2,720,132 2,835,510

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 12 2,719,132 2,834,510
SHAREHOLDERS' FUNDS 2,720,132 2,835,510

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

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

D F ROSS & SONS LIMITED (REGISTERED NUMBER: NI016249)

BALANCE SHEET - continued
30 SEPTEMBER 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 authorised for issue by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:





P M Ross - Director


D F ROSS & SONS LIMITED (REGISTERED NUMBER: NI016249)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

D F Ross & Sons Limited is a private company, limited by shares , registered in Northern Ireland. 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.

Significant judgements and estimates
In preparing these financial statements the directors have made the following judgements:

Determine whether there are indicators of impairment of the company's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the assets and the business in general.

Estimates are made in respect of the recoverable value of trade debtors and stock. When assessing the level of provisions required, factors considered include current experience of debtor book, historical rates of non-recoverability, the ageing profile of debtors, the age and condition of stock..

The directors also consider the depreciation and amortisation rates on an annual basis to ensure there is sufficient evidence to support these and that the estimates remains reasonable.

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.
Improvements to property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures, fittings & equipment - 25% 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.

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.


D F ROSS & SONS LIMITED (REGISTERED NUMBER: NI016249)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which has accrued at the balance sheet date and is available to carry forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures,
to Plant and fittings Motor
property machinery & equipment vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023 43,893 135,563 127,431 355,954 662,841
Additions - 3,995 579 33,375 37,949
Disposals - (16,601 ) - (20,313 ) (36,914 )
At 30 September 2024 43,893 122,957 128,010 369,016 663,876
DEPRECIATION
At 1 October 2023 3,897 94,032 116,255 220,849 435,033
Charge for year 878 7,137 3,660 40,023 51,698
Eliminated on disposal - (16,601 ) - (19,106 ) (35,707 )
At 30 September 2024 4,775 84,568 119,915 241,766 451,024
NET BOOK VALUE
At 30 September 2024 39,118 38,389 8,095 127,250 212,852
At 30 September 2023 39,996 41,531 11,176 135,105 227,808

D F ROSS & SONS LIMITED (REGISTERED NUMBER: NI016249)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1 October 2023
and 30 September 2024 394,463
NET BOOK VALUE
At 30 September 2024 394,463
At 30 September 2023 394,463

6. STOCKS
30.9.24 30.9.23
£    £   
Stocks 706,439 837,537

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 1,953,041 1,846,908
Other debtors 140,856 244,383
2,093,897 2,091,291

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts (see note 10) 13,754 10,204
Trade creditors 431,384 457,756
Tax 163,396 220,371
Social security and other taxes 34,703 34,098
VAT 187,266 182,717
Directors' current accounts 271,914 612,628
Accrued expenses 165,198 161,343
1,267,615 1,679,117

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts (see note 10) 7,420 16,080

D F ROSS & SONS LIMITED (REGISTERED NUMBER: NI016249)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.9.24 30.9.23
£    £   
Net obligations repayable:
Within one year 13,754 10,204
Between one and five years 7,420 16,080
21,174 26,284

Non-cancellable operating leases
30.9.24 30.9.23
£    £   
Within one year 2,017 12,097
Between one and five years - 2,017
2,017 14,114

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

12. RESERVES
Retained
earnings
£   

At 1 October 2023 2,834,510
Profit for the year 484,622
Dividends (600,000 )
At 30 September 2024 2,719,132

13. ULTIMATE CONTROLLING PARTY

The company is jointly controlled by P Ross and B Ross.