REGISTERED NUMBER: 05798771 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Ross Metals Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C D Ross

A B Hurrell

REGISTERED OFFICE:

272 Meanwood Road

Leeds

LS7 2HZ

REGISTERED NUMBER:

05798771 (England and Wales)

ACCOUNTANTS:

Whitesides Chartered Accountants

Lister House

Lister Hill

Horsforth

Leeds

LS18 5AZ

FIXED ASSETS

Tangible assets

4

260,754

244,518

CURRENT ASSETS

Stocks

146,502

198,706

Debtors

5

15,401

10,455

Cash at bank and in hand

213,944

200,507

375,847

409,668

CREDITORS

Amounts falling due within one year

6

110,066

126,977

NET CURRENT ASSETS

265,781

282,691

TOTAL ASSETS LESS CURRENT LIABILITIES

526,535

527,209

CREDITORS

Amounts falling due after more than one year

7

(142,101

)

(166,316

)

PROVISIONS FOR LIABILITIES

(65,189

)

(61,129

)

NET ASSETS

319,245

299,764

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Capital redemption reserve

(250,000

)

(250,000

)

Retained earnings

568,245

548,764

319,245

299,764

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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.

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 28 July 2025 and were signed on its behalf by:

C D Ross - Director

A B Hurrell - Director

1.	STATUTORY INFORMATION

Ross Metals 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.

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.

Improvements to property

-

10% on cost

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation.

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2024

9,359

189,788

221,381

1,091

421,619

Additions

-

28,000

45,995

-

73,995

Disposals

-

(15,000

)

-

-

(15,000

)

At 30 April 2025

9,359

202,788

267,376

1,091

480,614

DEPRECIATION

At 1 May 2024

2,206

103,276

71,290

329

177,101

Charge for year

936

20,510

35,953

360

57,759

Eliminated on disposal

-

(15,000

)

-

-

(15,000

)

At 30 April 2025

3,142

108,786

107,243

689

219,860

NET BOOK VALUE

At 30 April 2025

6,217

94,002

160,133

402

260,754

At 30 April 2024

7,153

86,512

150,091

762

244,518

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

7,687

285

Other debtors

7,714

10,170

15,401

10,455

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

50,017

40,720

Trade creditors

813

1,114

Taxation and social security

54,855

64,203

Other creditors

4,381

20,940

110,066

126,977

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

142,101

166,316

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2025

2024

£

£

Net obligations repayable:

Within one year

50,017

40,720

Between one and five years

142,101

166,316

192,118

207,036

Non-cancellable operating

leases

2025

2024

£

£

Within one year

16,500

8,250

Between one and five years

16,500

33,000

33,000

41,250

9.	RELATED PARTY DISCLOSURES

The land and buildings that the company uses have been provided by a close family member of the directors, at a rate lower than market value.The directors consider that the market value of rent payable would be £33,000 per annum.