IRIS Accounts Production v25.4.0.155 SC430151 director 1.7.24 31.8.25 31.8.25 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC430151 2024-06-30 SC430151 2025-08-31 SC430151 2024-07-01 2025-08-31 SC430151 2023-06-30 SC430151 2023-07-01 2024-06-30 SC430151 2024-06-30 SC430151 ns14:PoundSterling 2024-07-01 2025-08-31 SC430151 ns10:Director1 2024-07-01 2025-08-31 SC430151 ns10:PrivateLimitedCompanyLtd 2024-07-01 2025-08-31 SC430151 ns10:SmallEntities 2024-07-01 2025-08-31 SC430151 ns10:AuditExempt-NoAccountantsReport 2024-07-01 2025-08-31 SC430151 ns10:SmallCompaniesRegimeForDirectorsReport 2024-07-01 2025-08-31 SC430151 ns10:SmallCompaniesRegimeForAccounts 2024-07-01 2025-08-31 SC430151 ns10:FullAccounts 2024-07-01 2025-08-31 SC430151 1 2024-07-01 2025-08-31 SC430151 ns5:CurrentFinancialInstruments 2025-08-31 SC430151 ns5:CurrentFinancialInstruments 2024-06-30 SC430151 ns5:ShareCapital 2025-08-31 SC430151 ns5:ShareCapital 2024-06-30 SC430151 ns5:RetainedEarningsAccumulatedLosses 2025-08-31 SC430151 ns5:RetainedEarningsAccumulatedLosses 2024-06-30 SC430151 ns5:NetGoodwill 2024-07-01 2025-08-31 SC430151 ns5:NetGoodwill 2024-06-30 SC430151 ns5:NetGoodwill 2025-08-31 SC430151 ns5:NetGoodwill 2024-06-30 SC430151 ns5:PlantMachinery 2024-06-30 SC430151 ns5:PlantMachinery 2024-07-01 2025-08-31 SC430151 ns5:PlantMachinery 2025-08-31 SC430151 ns5:PlantMachinery 2024-06-30 SC430151 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-08-31 SC430151 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-06-30 SC430151 ns10:Director1 1 2024-06-30 SC430151 ns10:Director1 1 2023-06-30 SC430151 ns10:Director1 1 2024-07-01 2025-08-31 SC430151 ns10:Director1 1 2023-07-01 2024-06-30 SC430151 ns10:Director1 1 2025-08-31 SC430151 ns10:Director1 1 2024-06-30

REGISTERED NUMBER: SC430151

ROSEMOUNT CAR SALES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2024 TO 31 AUGUST 2025

ROSEMOUNT CAR SALES LTD (REGISTERED NUMBER: SC430151)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2024 TO 31 AUGUST 2025

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 3 |

ROSEMOUNT CAR SALES LTD (REGISTERED NUMBER: SC430151)

BALANCE SHEET

31 AUGUST 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 9,126 |  | 12,885 |  |

9,126 |  | 12,885 |  |

CURRENT ASSETS

Debtors | 6 | 5,134 |  | 46,043 |  |

Cash at bank and in hand | 343,608 |  | 303,042 |  |

348,742 |  | 349,085 |  |

CREDITORS

Amounts falling due within one year | 7 | 23,264 |  | 25,690 |  |

NET CURRENT ASSETS | 325,478 |  | 323,395 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 334,604 |  | 336,280 |  |

PROVISIONS FOR LIABILITIES | 1,919 |  | 2,831 |  |

NET ASSETS | 332,685 |  | 333,449 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 332,585 |  | 333,349 |  |

SHAREHOLDERS' FUNDS | 332,685 |  | 333,449 |  |

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

ROSEMOUNT CAR SALES LTD (REGISTERED NUMBER: SC430151)

BALANCE SHEET - continued

31 AUGUST 2025

The financial statements were approved by the director and authorised for issue on 1 September 2025 and were signed by:

M J Carway - Director

ROSEMOUNT CAR SALES LTD (REGISTERED NUMBER: SC430151)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2024 TO 31 AUGUST 2025

1. | STATUTORY INFORMATION

| Rosemount Car Sales Ltd is a private company, limited by shares, registered in Scotland. The registered office is 131 Lanark Road, Carstairs, Lanark, ML11 8QQ.

| The financial statements are presented in Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There were no material departures from that standard. The financial statements have been prepared under the historical cost convention.

| Judgements

| The company considers on an annual basis the judgements that are made by management when applying its significant accounting policies that would have the most significant effect on amounts that are recognised in the financial statements. The directors considers there are no such significant judgements.

| Turnover

| Turnover represents the invoice value of goods sold and services rendered, excluding value added tax. The company's policy is to recognise a sale when substantively all the risks and rewards in connection with the goods and services have been passed to the buyer.

| Intangible fixed assets

| Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the balance sheet and amortised over its estimated useful life up to a maximum of 10 years. This length of time is presumed to be the maximum useful life of purchased goodwill because it is difficult to make projections beyond this period. Goodwill is reviewed for impairment at the end of the first full financial year following each acquisition and subsequently, as and when necessary, if circumstances emerge that indicate that the carrying value may not be recoverable.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Plant and machinery etc - 25% on reducing balance

| Tangible fixed assets are included at cost less accumulated depreciation and accumulated impairment losses.

| Impairment of non-financial assets

| At each reporting date non-financial assets not carried at fair value, like plant and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount which is the higher of value in use and the fair value less cost to sell, is estimated and compared with the carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss.

ROSEMOUNT CAR SALES LTD (REGISTERED NUMBER: SC430151)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 JULY 2024 TO 31 AUGUST 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to and from related parties.

| Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received.

| Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment and if found, an impairment loss is recognised in profit or loss.

| Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

| Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities

| Taxation

| Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

| The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

| With the exception of changes arising on the initial recognition of a business combination, the tax expense is presented either in profit or loss, other comprehensive income or statement of changes in equity depending on the transaction that resulted in the tax expense.

| Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

| Pension costs

| 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.

| Provisions

| Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

| Change of accounting reference date

| The company's financial period has been extended from 30 June 2025 to 31 August 2025. As a result, the current financial statements cover a period of 14 months compared to 12 months in the previous year. Comparative figures may therefore not be directly comparable.

ROSEMOUNT CAR SALES LTD (REGISTERED NUMBER: SC430151)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 JULY 2024 TO 31 AUGUST 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 5 (2024 - 5 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 July 2024

| and 31 August 2025 | 50,000 |  |

| AMORTISATION

| At 1 July 2024

| and 31 August 2025 | 50,000 |  |

| NET BOOK VALUE

| At 31 August 2025 | - |  |

| At 30 June 2024 | - |  |

| Goodwill arose on the acquisition of a business in 2012 and is written off over its expected economic life of 10 years.

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 July 2024

| and 31 August 2025 | 38,970 |  |

| DEPRECIATION

| At 1 July 2024 | 26,085 |  |

| Charge for period | 3,759 |  |

| At 31 August 2025 | 29,844 |  |

| NET BOOK VALUE

| At 31 August 2025 | 9,126 |  |

| At 30 June 2024 | 12,885 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 3,404 |  | 1,207 |  |

| Other debtors | 1,730 |  | 44,836 |  |

5,134 |  | 46,043 |  |

ROSEMOUNT CAR SALES LTD (REGISTERED NUMBER: SC430151)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 JULY 2024 TO 31 AUGUST 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 7,358 |  | 7,962 |  |

| Taxation and social security | 12,825 |  | 15,508 |  |

| Other creditors | 3,081 |  | 2,220 |  |

23,264 |  | 25,690 |  |

8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the period ended 31 August 2025 and the year ended 30 June 2024:

2025 | 2024 |

£ | £ |

| M J Carway

| Balance outstanding at start of period | 33,602 |  | 221,435 |  |

| Amounts advanced | 59,475 |  | 22,519 |  |

| Amounts repaid | (93,077 | ) | (210,352 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of period | - |  | 33,602 |  |

| Interest of 3.75% was charged on the amount due.

9. | RELATED PARTY DISCLOSURES

| The company operates from premises owned by a former director. No rent has been charged during the current or previous year.