Ross Handling Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01343301 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

ROSS HANDLING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs S M Fitzpatrick

Mr C F Fitzpatrick

SECRETARY:

Mrs S M Fitzpatrick

REGISTERED OFFICE:

1 Tuxford Road

Leicester

LE4 9TZ

REGISTERED NUMBER:

01343301 (England and Wales)

FIXED ASSETS

Tangible assets

2

520,269

358,598

CURRENT ASSETS

Stocks

181,183

137,266

Debtors

3

145,887

113,588

Cash at bank and in hand

190,353

285,436

517,423

536,290

CREDITORS

Amounts falling due within one year

4

485,762

572,874

NET CURRENT ASSETS/(LIABILITIES)

31,661

(36,584

)

TOTAL ASSETS LESS CURRENT LIABILITIES

551,930

322,014

CREDITORS

Amounts falling due after more than one year

4

(153,188

)

-

PROVISIONS FOR LIABILITIES

(36,944

)

(8,657

)

NET ASSETS

361,798

313,357

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

361,698

313,257

SHAREHOLDERS' FUNDS

361,798

313,357

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 23 June 2015 and were signed on its behalf by:

Mr C F Fitzpatrick - Director

1.	ACCOUNTING POLICIES

ACCOUNTING CONVENTION

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

TURNOVER

Turnover represents net invoiced sales of goods, excluding value added tax.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost excluding land

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% 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.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

HIRE PURCHASE AND LEASING COMMITMENTS

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

439,464

Additions

230,844

Grants

(41,800

)

At 31 March 2015

628,508

DEPRECIATION

At 1 April 2014

80,866

Charge for year

27,373

At 31 March 2015

108,239

NET BOOK VALUE

At 31 March 2015

520,269

At 31 March 2014

358,598

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 1,875 (2014 - £ 1,875 )

4.

CREDITORS

Creditors include an amount of £ 5,438 for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1.00

100

100