Company Registration No. 00303601 (England and Wales)
W.G. Ross & Company Limited
Unaudited accounts
for the year ended 30 April 2025
W.G. Ross & Company Limited
Unaudited accounts
Contents
W.G. Ross & Company Limited
Company Information
for the year ended 30 April 2025
Company Number
00303601 (England and Wales)
Registered Office
Ross Estate Agents
16-18 Cavendish Street
BARROW-IN-FURNESS
Cumbria
LA14 1SB
England
Accountants
EHA Accountancy Ltd
2 Lower Brook Street
Ulverston
Cumbria
LA12 7EE
W.G. Ross & Company Limited
Statement of financial position
as at 30 April 2025
Tangible assets
82,000
79,738
Cash at bank and in hand
32,320
21,333
Creditors: amounts falling due within one year
(60,894)
(47,827)
Net current assets
325,319
297,610
Total assets less current liabilities
415,563
455,109
Creditors: amounts falling due after more than one year
-
(12,119)
Provisions for liabilities
Deferred tax
(1,183)
(1,183)
Net assets
414,380
441,807
Called up share capital
1,862
1,862
Profit and loss account
412,518
439,945
Shareholders' funds
414,380
441,807
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 January 2026 and were signed on its behalf by
D Sharpe
Director
Company Registration No. 00303601
W.G. Ross & Company Limited
Notes to the Accounts
for the year ended 30 April 2025
W.G. Ross & Company Limited is a private company, limited by shares, registered in England and Wales, registration number 00303601. The registered office is Ross Estate Agents, 16-18 Cavendish Street , BARROW-IN-FURNESS, Cumbria, LA14 1SB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services 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 (including purchased goodwill and patents) are included at cost less accumulated amortisation. It is amortised on a straight line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goddwill cannot be made, the life is presumed not to exceed five years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
15% straight line
Computer equipment
25% straight line
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
W.G. Ross & Company Limited
Notes to the Accounts
for the year ended 30 April 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2024
77,324
1,000
42,012
6,974
127,310
Additions
-
4,250
-
-
4,250
At 30 April 2025
77,324
5,250
42,012
6,974
131,560
At 1 May 2024
-
827
41,046
5,699
47,572
Charge for the year
-
885
457
646
1,988
At 30 April 2025
-
1,712
41,503
6,345
49,560
At 30 April 2025
77,324
3,538
509
629
82,000
At 30 April 2024
77,324
173
966
1,275
79,738
6
Investments
Other investments
Valuation at 1 May 2024
77,761
Valuation at 30 April 2025
8,244
W.G. Ross & Company Limited
Notes to the Accounts
for the year ended 30 April 2025
Amounts falling due within one year
Trade debtors
138,351
108,136
Accrued income and prepayments
1,123
764
Amounts falling due after more than one year
Other debtors
207,109
207,894
8
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
11,801
9,000
Taxes and social security
8,543
7,827
9
Creditors: amounts falling due after more than one year
2025
2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan Account
164,995
-
787
164,208
11
Transactions with related parties
During the year the company paid dividends to the director of £45,000 (2024: £45,000)
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Average number of employees
During the year the average number of employees was 16 (2024: 16).