REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Period 1 February 2014 to 28 February 2015 |
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for |
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Ross Agri Services Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Period 1 February 2014 to 28 February 2015 |
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for |
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Ross Agri Services Limited |
Ross Agri Services Limited (Registered number: SC154407) |
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Contents of the Abbreviated Accounts |
for the Period 1 February 2014 to 28 February 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
Ross Agri Services Limited |
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Company Information |
for the Period 1 February 2014 to 28 February 2015 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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Ross Agri Services Limited (Registered number: SC154407) |
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Abbreviated Balance Sheet |
28 February 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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Investments | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
5 |
( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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Ross Agri Services Limited (Registered number: SC154407) |
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Abbreviated Balance Sheet - continued |
28 February 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 6 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
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The financial statements were approved by the director on
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Ross Agri Services Limited (Registered number: SC154407) |
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Notes to the Abbreviated Accounts |
for the Period 1 February 2014 to 28 February 2015 |
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1. | ACCOUNTING POLICIES |
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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). |
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Turnover |
Turnover represents net invoiced sales of agricultural machinery and repair work. Prior to acquiring |
the trade and assets of the Ross Agri Services partnership on 1 June 2014 the company's business |
was that of agricultural services through participation in the partnership. Income comprised the |
company's share in the partnership profit and loss for each year. The book value of its interest in the |
partnership comprised the balance standing to its debit/credit in the current accounts of that business. |
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Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business on 1 June 2014, is |
being amortised evenly over five years. |
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Tangible fixed assets |
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Plant and machinery | - |
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Office equipment | - |
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Motor vehicles | - |
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Other equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. Deferred tax is provided at the average rates that are expected to apply when |
the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on |
timing differences arising from the revaluation of fixed assets where there is no commitment to sell |
the asset. Deferred tax assets and liabilities are not discounted. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged on a straight line basis over the lease term. Assets |
held under hire purchase contracts and leasing agreements which transfer to the firm substantially all |
the benefits and risks of ownership of the assets are treated as if the asset had been purchased |
outright. The assets are included in fixed assets or stock and the capital element of the leasing |
commitments is shown as obligation under finance leases and hire purchase contracts. The lease |
rentals are treated as consisting of capital and interest elements. The capital element is applied to |
reduce the outstanding obligations and the interest element is charged against profit in proportion to |
the reducing capital element outstanding. Assets held under hire purchase contracts are depreciated |
over their estimated useful lives. Assets held under finance leases are depreciated over the shorter of |
the lease terms and the useful lives of equivalent owned assets. |
Ross Agri Services Limited (Registered number: SC154407) |
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Notes to the Abbreviated Accounts - continued |
for the Period 1 February 2014 to 28 February 2015 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
Additions |
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At 28 February 2015 |
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AMORTISATION |
Amortisation for period |
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At 28 February 2015 |
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NET BOOK VALUE |
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At 28 February 2015 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
Additions |
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Disposals | ( |
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At 28 February 2015 |
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DEPRECIATION |
Charge for period |
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At 28 February 2015 |
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NET BOOK VALUE |
At 28 February 2015 |
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4. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
Additions |
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At 28 February 2015 | 50 |
NET BOOK VALUE |
At 28 February 2015 |
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Ross Agri Services Limited (Registered number: SC154407) |
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Notes to the Abbreviated Accounts - continued |
for the Period 1 February 2014 to 28 February 2015 |
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5. | CREDITORS |
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Creditors include an amount of £
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the period ended 28 February 2015 |
and the year ended 31 January 2014: |
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2015 | 2014 |
£ | £ |
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Balance outstanding at start of period |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of period | ( |
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8. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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