ROYSTON PARKIN LIMITED

Company Registration Number:
07094298 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

ROYSTON PARKIN LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

ROYSTON PARKIN LIMITED

Balance sheet

As at 31 December 2022


Notes

2022

2021


£

£
Fixed assets
Intangible assets: 3 500,216 540,716
Tangible assets: 4 28,995 34,106
Total fixed assets: 529,211 574,822
Current assets
Debtors:   377,900 293,238
Cash at bank and in hand: 25,303 20,989
Total current assets: 403,203 314,227
Creditors: amounts falling due within one year: 5 (895,893) (805,721)
Net current assets (liabilities): (492,690) (491,494)
Total assets less current liabilities: 36,521 83,328
Creditors: amounts falling due after more than one year: 6 (27,453) (64,257)
Provision for liabilities: (5,239) (6,394)
Total net assets (liabilities): 3,829 12,677
Capital and reserves
Called up share capital: 103 101
Share premium account: 2,913 1,094
Profit and loss account: 813 11,482
Shareholders funds: 3,829 12,677

The notes form part of these financial statements

ROYSTON PARKIN LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 August 2023
and signed on behalf of the board by:

Name: L Pridmore
Status: Director

The notes form part of these financial statements

ROYSTON PARKIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided in order to write off each asset over its estimated useful life.Land & buildings- in accordance with each property heldOther assets - 10% on cost

Intangible fixed assets and amortisation policy

Annual amortisation of goodwill is calculated to write off the cost of assets less its residual value over its estimated useful life.

Valuation and information policy

Intangible assets are initially valued at cost. After initial recognition, intangible assts are measured at cost, less any accumulated amortisation and any accumulated impairment losses.

Other accounting policies

Taxation and Deferred TaxationTaxation 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 tax assets and liabilities are not discounted.Current and deferred tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted at the balance sheet date.Deferred tax is recognised in respect of all timing differences that have originated but not reversed by the balance sheet date.Timing differences arise from the the inclusion of income and expenditure in tax periods that are different from those in which they recognised in the financial statements. Deferred tax is measured using the tax rates that are expected to apply to the reversal of the timing difference.Unrelieved losses and other deferred tax assets are only recognised 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 commitmentsRentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.Pension costs and other post retirement benefitsThe company operates a defined contribution pension scheme. Contributions payable to the scheme are charged to profit or loss in the period to which they relate.

ROYSTON PARKIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 22 20

ROYSTON PARKIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Intangible Assets

Total
Cost £
At 01 January 2022 809,507
At 31 December 2022 809,507
Amortisation
At 01 January 2022 268,791
Charge for year 40,500
At 31 December 2022 309,291
Net book value
At 31 December 2022 500,216
At 31 December 2021 540,716

ROYSTON PARKIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Tangible Assets

Total
Cost £
At 01 January 2022 123,445
Additions 2,229
At 31 December 2022 125,674
Depreciation
At 01 January 2022 89,339
Charge for year 7,340
At 31 December 2022 96,679
Net book value
At 31 December 2022 28,995
At 31 December 2021 34,106

ROYSTON PARKIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due within one year note

Bank Loans & Overdrafts £133,983Trade creditors £17,278Taxation & social security £149,468Other creditors £595,164Other creditors includes £567,707 that is owed to the company's directors and shareholders

ROYSTON PARKIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Creditors: amounts falling due after more than one year note

All creditors are due in less than 5 years