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P & F ROSS LTD - Company Information

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P & F Ross Ltd

Registered Number:SC560142

For the period ended 31 March 2018

Scotland

Unaudited Financial Statements

For the period ended 31 March 2018

P & F Ross Ltd

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 31 March 2018

P & F Ross Ltd

Statement of Financial Position

Registered Number :

SC560142

2018

Notes

Fixed assets

Property, plant and equipment

95,668

Financial assets

141,350

237,018

Current assets

Inventories

103,113

Trade and other receivables

8,660

111,773

Trade and other payables: amounts falling due within one

year

(60,394)

51,379

Net current assets

Total assets less current liabilities

288,397

Trade and other payables: amounts falling due after more

than one year

(286,181)

2,216

Net assets/liabilities

Capital and reserves

Called up share capital

1,000

Retained earnings

1,216

2,216

Shareholders' funds

For the period ended 31 March 2018 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 of its financial statements for the period ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Paul H Ross Director

These financial statements were approved and authorised for issue by the Board on 28 November 2018 and were signed by:

The notes form part of these financial statements

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For the period ended 31 March 2018

P & F Ross Ltd

Notes to the Financial Statements

Statutory Information

P & F Ross Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number SC560142.

Registered address:

Lenahowe

Sandwick

Stromness

Orkney

KW16 3JA

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as

modified by the revaluation of certain assets.

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

2. Property, plant and equipment

Total

Computer

Equipment

Motor Vehicles

Plant and

Machinery

Cost or

valuation

107,684

1,851

5,544

100,289

Additions

At 31 March 2018

100,289

5,544

1,851

107,684

Provision for depreciation and impairment

Charge for period

12,016

615

1,386

10,015

At 31 March 2018

12,016

615

1,386

10,015

At 31 March 2018

Net book value

90,274

4,158

1,236

95,668

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For the period ended 31 March 2018

P & F Ross Ltd

Notes to the Financial Statements Continued

3. Investments held as fixed assets

Other investments

Total

Cost

141,350

Additions

At 31 March 2018

141,350

At 31 March 2018

Net book value

141,350

Breeding cattle on Herd Basis

4. Inventories

2018

Stocks

103,113

Cattle, Sheep and crops in hand at 31/3/18

5. Trade and other receivables

2018

Other debtors

8,660

6. Trade and other payables: amounts falling due within one year

2018

Bank loans and overdraft

35,091

Trade creditors

6,120

Taxation and social security

7,018

Other creditors

12,165

60,394

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For the period ended 31 March 2018

P & F Ross Ltd

Notes to the Financial Statements Continued

7. Trade and other payables: amounts falling due after more than one year

2018

Bank loans and overdraft (secured)

104,775

Other creditors

181,406

286,181

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