W.& A. Ross Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 00720130 (England and Wales)

W.& A. Ross Limited

Financial Statements

for the Period 1 June 2016 to 30 December 2016

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr N Griffiths

Mr S B Benev

Mr R Coulson

REGISTERED OFFICE:

Daughters Court

Silkwood Park

Wakefield

West Yorkshire

WF5 9TQ

REGISTERED NUMBER:

00720130 (England and Wales)

AUDITORS:

Jolliffe Cork LLP

Chartered Accountants & Statutory Auditor

33 George Street

Wakefield

West Yorkshire

WF1 1LX

FIXED ASSETS

Tangible assets

3

-

198,437

CURRENT ASSETS

Stocks

-

10,615

Debtors

4

1,384,496

1,610,077

Cash at bank and in hand

-

1,269,662

1,384,496

2,890,354

CREDITORS

Amounts falling due within one year

5

-

432,666

NET CURRENT ASSETS

1,384,496

2,457,688

TOTAL ASSETS LESS CURRENT LIABILITIES

1,384,496

2,656,125

CAPITAL AND RESERVES

Called up share capital

6

1,000

1,000

Retained earnings

1,383,496

2,655,125

SHAREHOLDERS' FUNDS

1,384,496

2,656,125

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 15 December 2017 and were signed on its behalf by:

Mr R Coulson - Director

1.	STATUTORY INFORMATION

W.& A. Ross Limited is a private company, limited by shares , registered in England and Wales. 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 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. The financial statements have been prepared under the historical cost convention.

These financial statements for the period ended 30 December 2016 are the first financial statements that comply

with FRS 102. The transition date is 1 July 2015.

The directors have also considered whether in applying the accounting policies required by FRS 102 the

restatement of comparative items was required. No restatements were required.

The company did not trade throughout the period ended 30 December 2016. However, reference to information

relating to the period ended 31 May 2016 has been made where appropriate.

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.

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.

Taxation

Taxation for the period 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 period 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.

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 profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

3.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 June 2016

60,000

78,144

238,326

376,470

Disposals

(60,000

)

(78,144

)

(238,326

)

(376,470

)

At 30 December 2016

-

-

-

-

DEPRECIATION

At 1 June 2016

-

73,583

104,450

178,033

Eliminated on disposal

-

(73,583

)

(104,450

)

(178,033

)

At 30 December 2016

-

-

-

-

NET BOOK VALUE

At 30 December 2016

-

-

-

-

At 31 May 2016

60,000

4,561

133,876

198,437

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2016

£

£

Trade debtors

-

557,794

Amounts owed by group undertakings

1,384,496

-

Other debtors

-

1,040,487

Prepayments and accrued income

-

11,796

1,384,496

1,610,077

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2016

£

£

Trade creditors

-

42,354

Amounts owed to group undertakings

-

204,666

Tax

-

65,998

VAT

-

41,418

Accruals and deferred income

-

78,230

-

432,666

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2016

value:

£

£

100

Ordinary 1

£1

100

100

18,000

Ordinary 2

5p

900

900

1,000

1,000

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Adam Perkin FCA (Senior Statutory Auditor)

for and on behalf of Jolliffe Cork LLP

8.	CONTINGENCIES

W.& A. Ross Limited is party to an Intercreditor Deed dated 17 June 2016 between HSBC Bank PLC, HSBC

Invoice Finance (UK) Limited and the following group undertakings:

Complete Business Solutions Group Holdings Limited

Complete Business Solutions Group Limited

Discount Desks & Chairs (U.K.) Limited

Taalus Technical Solutions Limited

S.E.T. (Office Supplies) Ltd.

S.E.T. (Swansea) Ltd.

Martin Luck Group Limited

Corporate Safety Wear Limited

9.	RELATED PARTY DISCLOSURES

During the period, total dividends of £4,297 were paid to the directors .

10.	ULTIMATE CONTROLLING PARTY