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REGISTERED NUMBER: 00652905 (England and Wales)















ROY TREVOR LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






ROY TREVOR LIMITED (REGISTERED NUMBER: 00652905)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ROY TREVOR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: J R Trevor
J P Trevor
N A Trevor
B T Scott





SECRETARY: N A Trevor





REGISTERED OFFICE: Jamie House
Knutsford Road
Warrington
Cheshire
WA4 1JE





REGISTERED NUMBER: 00652905 (England and Wales)





AUDITORS: Murray Smith LLP
Chartered Accountants
Statutory Auditor
Darland House
44 Winnington Hill
Northwich
Cheshire
CW8 1AU

ROY TREVOR LIMITED (REGISTERED NUMBER: 00652905)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,650,434 2,494,528

CURRENT ASSETS
Debtors 5 115,643 142,818
Cash at bank and in hand 4,978 216,460
120,621 359,278
CREDITORS
Amounts falling due within one year 6 1,579,356 1,342,433
NET CURRENT LIABILITIES (1,458,735 ) (983,155 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,191,699

1,511,373

CREDITORS
Amounts falling due after more than one year 7 (410,014 ) (780,194 )

PROVISIONS FOR LIABILITIES (189,659 ) (162,953 )
NET ASSETS 592,026 568,226

CAPITAL AND RESERVES
Called up share capital 10 500 500
Retained earnings 591,526 567,726
SHAREHOLDERS' FUNDS 592,026 568,226

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

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 and authorised for issue on 28 September 2023 and were signed on its behalf by:





J P Trevor - Director


ROY TREVOR LIMITED (REGISTERED NUMBER: 00652905)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Roy Trevor 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised for the provision of services as contractual activities progress and is stated exclusive of VAT. Where the company has partially completed its contractual obligations, it recognises revenue to the extent that it has obtained the right to consideration through its performance.

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
Plant and machinery - At various rates
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year 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 year 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

ROY TREVOR LIMITED (REGISTERED NUMBER: 00652905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

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.

Cash and cash equivalents
Cash in the statement of financial position comprises cash at banks and on hand.

Financial liabilities
A financial liability is recorded at transaction price and is derecognised when the obligation under the liability is discharged or cancelled or expires.

Trade debtors
Trade debtors are recognised at cost less provision for doubtful debts. The recoverability of trade debtors is reviewed on an ongoing basis. A provision for doubtful debtors is established when collection of the full nominal amount is no longer probable. Bad debts are written off as incurred.

Provisions
Provisions are recognised when the Company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are measured at the present value of management's best estimate of the expenditure required to settle the present obligation at the end of the reporting period, and are discounted to present value where the effect is material.

Employee benefits
(a) Wages and salaries and annual leave
Liabilities for wages and salaries and annual leave are recognised and are measured as the amount unpaid at the reporting date at current pay rates in respect of employees' services up to that date. They are expected to be settled within one year.

(b) Pensions
The Company operates a defined contribution pension scheme. Contributions to this scheme are recognised in profit or loss in the period in which they become payable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 24 ) .

ROY TREVOR LIMITED (REGISTERED NUMBER: 00652905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 2,640,911 974,062 968,409 78,695 4,662,077
Additions - 176,953 104,143 4,219 285,315
Disposals - - (550,269 ) - (550,269 )
At 31 March 2023 2,640,911 1,151,015 522,283 82,914 4,397,123
DEPRECIATION
At 1 April 2022 784,274 486,599 828,235 68,441 2,167,549
Charge for year 52,762 22,128 43,433 3,382 121,705
Eliminated on disposal - - (542,565 ) - (542,565 )
At 31 March 2023 837,036 508,727 329,103 71,823 1,746,689
NET BOOK VALUE
At 31 March 2023 1,803,875 642,288 193,180 11,091 2,650,434
At 31 March 2022 1,856,637 487,463 140,174 10,254 2,494,528

The net book value of assets held under a hire purchase agreement is £391,459 (2022: £304,744). Depreciation charged in the year on these assets amounted to £24,399 (2022: £24,771).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 61,766 118,892
Other debtors 6,542 6,838
Directors' current accounts 5,877 5,540
Prepayments 41,458 11,548
115,643 142,818

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 382,571 306,636
Other loans 62,499 62,499
Hire purchase contracts (see note 8) 102,066 68,963
Trade creditors 76,767 74,407
Corporation tax - 707
Social security and other taxes 48,149 55,148
Other creditors 40,322 40,322
Directors' current accounts 759,127 620,221
Accruals and deferred income 107,855 113,530
1,579,356 1,342,433

ROY TREVOR LIMITED (REGISTERED NUMBER: 00652905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 157,568 306,638
Bank loans - 2-5 years 12,621 184,684
Other loans - 1-2 years 62,500 62,500
Other loans - 2-5 years 36,442 98,954
Hire purchase contracts (see note 8) 140,883 127,418
410,014 780,194

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 102,066 68,963
Between one and five years 140,883 127,418
242,949 196,381

Non-cancellable operating leases
2023 2022
£    £   
Within one year 38,138 24,614
Between one and five years 73,890 44,336
112,028 68,950

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft 66,317 -
Bank loans 486,443 797,958
Hire purchase contracts 242,949 196,381
795,709 994,339

The bank overdraft, bank loans and hire purchase liabilities are secured against the related assets.

ROY TREVOR LIMITED (REGISTERED NUMBER: 00652905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
500 Ordinary £1 500 500

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

The Report of the Auditors was unqualified.

Michael Benson (Senior Statutory Auditor)
for and on behalf of Murray Smith LLP

12. RELATED PARTY DISCLOSURES

At the year end the following balances were due to / (from) the directors:

J P Trevor 397,672
N A Trevor 361,455
J R Trevor (5,877 )