ROYLE JACKSON LIMITED

Company Registration Number:
01895764 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

ROYLE JACKSON LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

ROYLE JACKSON LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 122,786 120,896
Total fixed assets: 122,786 120,896
Current assets
Stocks: 9,202 10,432
Debtors:   318,418 427,907
Cash at bank and in hand: 303,695 194,422
Total current assets: 631,315 632,761
Creditors: amounts falling due within one year: 4 (98,706) (137,880)
Net current assets (liabilities): 532,609 494,881
Total assets less current liabilities: 655,395 615,777
Provision for liabilities: (13,314) (9,590)
Total net assets (liabilities): 642,081 606,187
Capital and reserves
Called up share capital: 34 34
Share premium account: 66 66
Profit and loss account: 641,981 606,087
Shareholders funds: 642,081 606,187

The notes form part of these financial statements

ROYLE JACKSON LIMITED

Balance sheet statements

For the year ending 31 December 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 February 2024
and signed on behalf of the board by:

Name: J F Teal
Status: Director

The notes form part of these financial statements

ROYLE JACKSON LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the rendering of services is recognised by reference to the stage completion of the contract. The stage completion of the contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets,other than freehold land, at rates calculated to write off the cost, less residual value, of each asset evenly over its expected useful life as follows:Leasehold land and buildings.. over the lease termPlant and machinery .. over 5 yearsMotor vehicles.. 25% reducing balance

Other accounting policies

StocksStocks are measured at the lower of cost and estimated selling prices less costs to complete and sell. Cost is determined using the first in first out method, The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.DebtorsShort term debtors are measured at transaction price ( which is usually the invoice price), less any impairment losses for bad and doubtful debts.CreditorsShort term creditors are measured at transaction price (which is usually the invoice price).TaxationA current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.PensionsContributions to defined contribution plans are expensed in the period to which they relate.

ROYLE JACKSON LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 11 11

ROYLE JACKSON LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 210,807
Additions 15,588
Disposals (6,703)
At 31 December 2023 219,692
Depreciation
At 01 January 2023 89,911
Charge for year 11,198
On disposals (4,203)
At 31 December 2023 96,906
Net book value
At 31 December 2023 122,786
At 31 December 2022 120,896

ROYLE JACKSON LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

Trade creditors 30595Taxation and social security costs 60647Other creditors 7464Total 98706