Ross Handling Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 01343301 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

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:

71 Cannock Street

Leicester

LE4 9HR

REGISTERED NUMBER:

01343301 (England and Wales)

FIXED ASSETS

Tangible assets

2

526,500

520,269

CURRENT ASSETS

Stocks

173,437

181,183

Debtors

3

181,543

145,887

Cash at bank and in hand

140,447

190,353

495,427

517,423

CREDITORS

Amounts falling due within one year

4

426,387

485,762

NET CURRENT ASSETS

69,040

31,661

TOTAL ASSETS LESS CURRENT
LIABILITIES

595,540

551,930

CREDITORS

Amounts falling due after more than one
year

4

(162,786

)

(153,188

)

PROVISIONS FOR LIABILITIES

(27,601

)

(36,944

)

NET ASSETS

405,153

361,798

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

405,053

361,698

SHAREHOLDERS' FUNDS

405,153

361,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 12 July 2016 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 January 2015).

TURNOVER

Revenue comprises the fair value for the sale of goods excluding value added taxes and represents net invoice

value less estimated rebates, returns and settlement discounts. In all cases revenue is recognised when the risks

and rewards of ownership are transferred and this is defined on the dispatch of the goods.

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 2015

628,508

Additions

40,330

At 31 March 2016

668,838

DEPRECIATION

At 1 April 2015

108,239

Charge for year

34,099

At 31 March 2016

142,338

NET BOOK VALUE

At 31 March 2016

526,500

At 31 March 2015

520,269

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 0 (2015 - £ 1,875 )

4.

CREDITORS

Creditors include an amount of £ 22,768 (2015 - £ 5,438 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1.00

100