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REGISTERED NUMBER: 09574297 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

ROYSTON ELECTRICAL SERVICES LIMITED

ROYSTON ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 09574297)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROYSTON ELECTRICAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: Mr G Hampshire



REGISTERED OFFICE: 3 Oaks Wood Drive
Darton
Barnsley
S75 5PT



REGISTERED NUMBER: 09574297 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: National Westminster Bank plc
26 Market Hill
Barnsley
South Yorkshire
S70 2QE

ROYSTON ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 09574297)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,029 7,290

CURRENT ASSETS
Cash at bank 1,252 15,032

CREDITORS
Amounts falling due within one year 5 7,203 12,334
NET CURRENT (LIABILITIES)/ASSETS (5,951 ) 2,698
TOTAL ASSETS LESS CURRENT LIABILITIES 78 9,988

CAPITAL AND RESERVES
Called up share capital 6 10 10
Retained earnings 68 9,978
SHAREHOLDERS' FUNDS 78 9,988

ROYSTON ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 09574297)

BALANCE SHEET - continued
31 MAY 2023


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

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

The director acknowledges his 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.

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 and authorised for issue by the director and authorised for issue on 31 January 2024 and were signed by:





Mr G Hampshire - Director


ROYSTON ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 09574297)

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

1. STATUTORY INFORMATION

Royston Electrical Services 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from electrical installations is recognised by reference to the stage of completion at the balance sheet date. Stage of completion if measured by the percentage complete of a job at the balance sheet date. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery- 15% on reducing balance
Computer equipment- 20% on reducing balance

ROYSTON ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 09574297)

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

2. ACCOUNTING POLICIES - continued

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 7,850 5,204 13,054
DEPRECIATION
At 1 June 2022 3,906 1,858 5,764
Charge for year 592 669 1,261
At 31 May 2023 4,498 2,527 7,025
NET BOOK VALUE
At 31 May 2023 3,352 2,677 6,029
At 31 May 2022 3,944 3,346 7,290

ROYSTON ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 09574297)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 3,543 5,800
Corporation tax 2,559 4,827
Directors' current accounts 44 680
Accruals and deferred income 1,057 1,027
7,203 12,334

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
5 A Ordinary £1 5 5
5 B Ordinary £1 5 5
10 10