UK ROYALE COUNTY PRODUCTS LIMITED

Company Registration Number:
NI643923 (Northern Ireland)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

UK ROYALE COUNTY PRODUCTS LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

UK ROYALE COUNTY PRODUCTS LIMITED

Balance sheet

As at 28 February 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 3,390 1,749
Total fixed assets: 3,390 1,749
Current assets
Stocks: 102,367 52,367
Debtors:   152,980 276,096
Cash at bank and in hand: 635,979 468,665
Total current assets: 891,326 797,128
Creditors: amounts falling due within one year: 4 (870,418) (781,106)
Net current assets (liabilities): 20,908 16,022
Total assets less current liabilities: 24,298 17,771
Total net assets (liabilities): 24,298 17,771
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 24,296 17,769
Shareholders funds: 24,298 17,771

The notes form part of these financial statements

UK ROYALE COUNTY PRODUCTS LIMITED

Balance sheet statements

For the year ending 28 February 2023 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 14 November 2023
and signed on behalf of the board by:

Name: Mark McCullen
Status: Director

The notes form part of these financial statements

UK ROYALE COUNTY PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:Plant & machinery - 15% straight line

UK ROYALE COUNTY PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 2 1

UK ROYALE COUNTY PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible Assets

Total
Cost £
At 01 March 2022 1,749
Additions 2,489
At 28 February 2023 4,238
Depreciation
At 01 March 2022 0
Charge for year 848
At 28 February 2023 848
Net book value
At 28 February 2023 3,390
At 28 February 2022 1,749

UK ROYALE COUNTY PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Creditors: amounts falling due within one year note

Trade creditors - £697,877Loan from Royal County Products Ltd - £134,250Corporation Tax - £1,730VAT - £28,645PAYE - £1,665Accrual & Deferred income - £5,650Amounts owed to related parties - £601

UK ROYALE COUNTY PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Related party transactions

Name of the related party:
Relationship:
Associated company
Description of the Transaction: Loan from Royal County Products Ltd
£
Balance at 01 March 2022 134,250
Balance at 28 February 2023 134,250
Name of the related party:
Relationship:
Associated company
Description of the Transaction: Purchases from Royal County Products Ltd
£
Balance at 01 March 2022 0
Balance at 28 February 2023 1,240,142