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REGISTERED NUMBER: NI052006 (Northern Ireland)














Unaudited Financial Statements

for the Year Ended 31 August 2023

for

ROY LYTTLE LIMITED

ROY LYTTLE LIMITED (REGISTERED NUMBER: NI052006)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROY LYTTLE LIMITED

Company Information
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: R A Lyttle
S A Lyttle
A Lyttle





SECRETARY: S A Lyttle





REGISTERED OFFICE: 27 Frances Street
Newtownards
BT23 7DW





REGISTERED NUMBER: NI052006 (Northern Ireland)





ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
27 Frances Street
Newtownards
County Down
BT23 7DW

ROY LYTTLE LIMITED (REGISTERED NUMBER: NI052006)

Balance Sheet
31 AUGUST 2023

31/8/23 31/8/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 664,126 673,195
664,126 673,195

CURRENT ASSETS
Stocks 191,364 172,914
Debtors 6 285,208 323,762
Cash at bank 2,802 -
479,374 496,676
CREDITORS
Amounts falling due within one year 7 435,331 459,218
NET CURRENT ASSETS 44,043 37,458
TOTAL ASSETS LESS CURRENT
LIABILITIES

708,169

710,653

CREDITORS
Amounts falling due after more than one
year

8

(29,093

)

(48,377

)

PROVISIONS FOR LIABILITIES (125,292 ) (126,107 )

ACCRUALS AND DEFERRED INCOME (21,524 ) (24,838 )
NET ASSETS 532,260 511,331

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 531,260 510,331
532,260 511,331

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ROY LYTTLE LIMITED (REGISTERED NUMBER: NI052006)

Balance Sheet - continued
31 AUGUST 2023


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 5 April 2024 and were signed on its behalf by:




R A Lyttle - Director



S A Lyttle - Director


ROY LYTTLE LIMITED (REGISTERED NUMBER: NI052006)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

Roy Lyttle Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Buildings2% Straight Line
Plant and machinery10% Reducing Balance
Fixtures, fittings & equipment15% Reducing Balance
Motor vehicles25% Reducing Balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

ROY LYTTLE LIMITED (REGISTERED NUMBER: NI052006)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 68,000
AMORTISATION
At 1 September 2022
and 31 August 2023 68,000
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2022 25,963 1,080,761 1,106,724
Additions - 67,153 67,153
Disposals - (3,750 ) (3,750 )
At 31 August 2023 25,963 1,144,164 1,170,127
DEPRECIATION
At 1 September 2022 4,673 428,856 433,529
Charge for year 519 72,944 73,463
Eliminated on disposal - (991 ) (991 )
At 31 August 2023 5,192 500,809 506,001
NET BOOK VALUE
At 31 August 2023 20,771 643,355 664,126
At 31 August 2022 21,290 651,905 673,195

ROY LYTTLE LIMITED (REGISTERED NUMBER: NI052006)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Trade debtors 261,820 301,292
Other debtors 23,388 22,470
285,208 323,762

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Bank loans and overdrafts 100,266 126,935
Hire purchase contracts 4,840 5,820
Trade creditors 202,787 170,022
Other creditors 127,438 156,441
435,331 459,218

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/8/23 31/8/22
£    £   
Bank loans 29,093 43,537
Hire purchase contracts - 4,840
29,093 48,377

9. RELATED PARTY TRANSACTIONS

During the period the company entered into transactions with the directors at arms length.
£27,000 was paid to the directors for lease of a property (2022: £27,000).