REGISTERED NUMBER: SC560142 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

P & F ROSS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs F J G Ross

P H Ross

Mrs C A G Munro

Mrs P C M Bruce

SECRETARY:

REGISTERED OFFICE:

Lenahowe

Sandwick

Stromness

Orkney

KW16 3JA

REGISTERED NUMBER:

SC560142 (Scotland)

ACCOUNTANTS:

Goldwells Ltd

10 Knockbreck Street

Tain

Ross-Shire

IV19 1BJ

FIXED ASSETS

Tangible assets

4

497,200

506,945

CURRENT ASSETS

Stocks

302,313

291,612

Debtors

5

19,912

16,755

Investments

6

500

500

322,725

308,867

CREDITORS

Amounts falling due within one year

7

437,905

405,523

NET CURRENT LIABILITIES

(115,180

)

(96,656

)

TOTAL ASSETS LESS CURRENT LIABILITIES

382,020

410,289

CREDITORS

Amounts falling due after more than one year

8

267,379

301,278

NET ASSETS

114,641

109,011

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

113,641

108,011

114,641

109,011

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 Mr P H Ross the Board of Directors and authorised for issue on 15th December 2025 and were signed on its behalf by:

P H Ross - Director

1.	STATUTORY INFORMATION

P & F Ross Ltd is a private company, limited by shares , registered in Scotland. 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st April 2024

378,481

255,380

633,861

Additions

-

17,471

17,471

At 31st March 2025

378,481

272,851

651,332

DEPRECIATION

At 1st April 2024

-

126,916

126,916

Charge for year

-

27,216

27,216

At 31st March 2025

-

154,132

154,132

NET BOOK VALUE

At 31st March 2025

378,481

118,719

497,200

At 31st March 2024

378,481

128,464

506,945

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

5,180

4,698

Other debtors

14,732

12,057

19,912

16,755

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Unlisted investments

500

500

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

39,377

33,969

Trade creditors

2,347

1,212

Taxation and social security

15,285

24,164

Other creditors

380,896

346,178

437,905

405,523

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

267,379

301,278

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

135,605

227,134