2022-11-012023-10-312023-10-31false08259390ROYSTON SMITH LTD2024-07-2646180iso4217:GBPxbrli:pure082593902022-11-01082593902023-10-31082593902022-11-012023-10-31082593902021-11-01082593902022-10-31082593902021-11-012022-10-3108259390bus:SmallEntities2022-11-012023-10-3108259390bus:AuditExempt-NoAccountantsReport2022-11-012023-10-3108259390bus:FullAccounts2022-11-012023-10-3108259390bus:PrivateLimitedCompanyLtd2022-11-012023-10-3108259390core:WithinOneYear2023-10-3108259390core:AfterOneYear2023-10-3108259390core:WithinOneYear2022-10-3108259390core:AfterOneYear2022-10-3108259390core:ShareCapital2023-10-3108259390core:SharePremium2023-10-3108259390core:RevaluationReserve2023-10-3108259390core:OtherReservesSubtotal2023-10-3108259390core:RetainedEarningsAccumulatedLosses2023-10-3108259390core:ShareCapital2022-10-3108259390core:SharePremium2022-10-3108259390core:RevaluationReserve2022-10-3108259390core:OtherReservesSubtotal2022-10-3108259390core:RetainedEarningsAccumulatedLosses2022-10-3108259390core:LandBuildings2023-10-3108259390core:PlantMachinery2023-10-3108259390core:Vehicles2023-10-3108259390core:FurnitureFittings2023-10-3108259390core:OfficeEquipment2023-10-3108259390core:NetGoodwill2023-10-3108259390core:IntangibleAssetsOtherThanGoodwill2023-10-3108259390core:ListedExchangeTraded2023-10-3108259390core:UnlistedNon-exchangeTraded2023-10-3108259390core:LandBuildings2022-10-3108259390core:PlantMachinery2022-10-3108259390core:Vehicles2022-10-3108259390core:FurnitureFittings2022-10-3108259390core:OfficeEquipment2022-10-3108259390core:NetGoodwill2022-10-3108259390core:IntangibleAssetsOtherThanGoodwill2022-10-3108259390core:ListedExchangeTraded2022-10-3108259390core:UnlistedNon-exchangeTraded2022-10-3108259390core:LandBuildings2022-11-012023-10-3108259390core:PlantMachinery2022-11-012023-10-3108259390core:Vehicles2022-11-012023-10-3108259390core:FurnitureFittings2022-11-012023-10-3108259390core:OfficeEquipment2022-11-012023-10-3108259390core:NetGoodwill2022-11-012023-10-3108259390core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3108259390core:ListedExchangeTraded2022-11-012023-10-3108259390core:UnlistedNon-exchangeTraded2022-11-012023-10-3108259390core:MoreThanFiveYears2022-11-012023-10-3108259390core:Non-currentFinancialInstruments2023-10-3108259390core:Non-currentFinancialInstruments2022-10-3108259390dpl:CostSales2022-11-012023-10-3108259390dpl:DistributionCosts2022-11-012023-10-3108259390core:LandBuildings2022-11-012023-10-3108259390core:PlantMachinery2022-11-012023-10-3108259390core:Vehicles2022-11-012023-10-3108259390core:FurnitureFittings2022-11-012023-10-3108259390core:OfficeEquipment2022-11-012023-10-3108259390dpl:AdministrativeExpenses2022-11-012023-10-3108259390core:NetGoodwill2022-11-012023-10-3108259390core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3108259390dpl:GroupUndertakings2022-11-012023-10-3108259390dpl:ParticipatingInterests2022-11-012023-10-3108259390dpl:GroupUndertakingscore:ListedExchangeTraded2022-11-012023-10-3108259390core:ListedExchangeTraded2022-11-012023-10-3108259390dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-11-012023-10-3108259390core:UnlistedNon-exchangeTraded2022-11-012023-10-3108259390dpl:CostSales2021-11-012022-10-3108259390dpl:DistributionCosts2021-11-012022-10-3108259390core:LandBuildings2021-11-012022-10-3108259390core:PlantMachinery2021-11-012022-10-3108259390core:Vehicles2021-11-012022-10-3108259390core:FurnitureFittings2021-11-012022-10-3108259390core:OfficeEquipment2021-11-012022-10-3108259390dpl:AdministrativeExpenses2021-11-012022-10-3108259390core:NetGoodwill2021-11-012022-10-3108259390core:IntangibleAssetsOtherThanGoodwill2021-11-012022-10-3108259390dpl:GroupUndertakings2021-11-012022-10-3108259390dpl:ParticipatingInterests2021-11-012022-10-3108259390dpl:GroupUndertakingscore:ListedExchangeTraded2021-11-012022-10-3108259390core:ListedExchangeTraded2021-11-012022-10-3108259390dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-11-012022-10-3108259390core:UnlistedNon-exchangeTraded2021-11-012022-10-3108259390core:NetGoodwill2023-10-3108259390core:IntangibleAssetsOtherThanGoodwill2023-10-3108259390core:LandBuildings2023-10-3108259390core:PlantMachinery2023-10-3108259390core:Vehicles2023-10-3108259390core:FurnitureFittings2023-10-3108259390core:OfficeEquipment2023-10-3108259390core:AfterOneYear2023-10-3108259390core:WithinOneYear2023-10-3108259390core:ListedExchangeTraded2023-10-3108259390core:UnlistedNon-exchangeTraded2023-10-3108259390core:ShareCapital2023-10-3108259390core:SharePremium2023-10-3108259390core:RevaluationReserve2023-10-3108259390core:OtherReservesSubtotal2023-10-3108259390core:RetainedEarningsAccumulatedLosses2023-10-3108259390core:NetGoodwill2022-10-3108259390core:IntangibleAssetsOtherThanGoodwill2022-10-3108259390core:LandBuildings2022-10-3108259390core:PlantMachinery2022-10-3108259390core:Vehicles2022-10-3108259390core:FurnitureFittings2022-10-3108259390core:OfficeEquipment2022-10-3108259390core:AfterOneYear2022-10-3108259390core:WithinOneYear2022-10-3108259390core:ListedExc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ROYSTON SMITH LTD

Registered Number
08259390
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2023

ROYSTON SMITH LTD
Company Information
for the year from 1 November 2022 to 31 October 2023

Directors

SMITH, Michelle Lorraine
SMITH, Royston Arthur

Registered Address

5 Cheatles Bridge Business Park Dog Lane
Bodymoor Heath
Sutton Coldfield
B76 9JD

Registered Number

08259390 (England and Wales)
ROYSTON SMITH LTD
Balance Sheet as at
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets333,07441,371
Tangible assets4192,293135,567
225,367176,938
Current assets
Stocks548,00048,000
Debtors222,845194,421
Cash at bank and on hand65,09927,295
335,944269,716
Creditors amounts falling due within one year6(161,050)(160,547)
Net current assets (liabilities)174,894109,169
Total assets less current liabilities400,261286,107
Creditors amounts falling due after one year7(174,878)(118,859)
Net assets225,383167,248
Capital and reserves
Called up share capital100100
Profit and loss account225,283167,148
Shareholders' funds225,383167,248
The financial statements were approved and authorised for issue by the Board of Directors on 26 July 2024, and are signed on its behalf by:
SMITH, Michelle Lorraine
Director
SMITH, Royston Arthur
Director

Registered Company No. 08259390
ROYSTON SMITH LTD
Notes to the Financial Statements
for the year ended 31 October 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Vehicles25
Office Equipment25
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20232022
Average number of employees during the year57
3.Intangible assets

Goodwill

Other

Total

£££
Cost or valuation
At 01 November 2290,81440,000130,814
At 31 October 2390,81440,000130,814
Amortisation and impairment
At 01 November 2255,94333,50089,443
Charge for year5,2973,0008,297
At 31 October 2361,24036,50097,740
Net book value
At 31 October 2329,5743,50033,074
At 31 October 2234,8716,50041,371
4.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 November 2225,745181,1423,0701,683211,640
Additions-96,97810,234583107,795
At 31 October 2325,745278,12013,3042,266319,435
Depreciation and impairment
At 01 November 2221,82851,5191,80392376,073
Charge for year97948,5691,28523651,069
At 31 October 2322,807100,0883,0881,159127,142
Net book value
At 31 October 232,938178,03210,2161,107192,293
At 31 October 223,917129,6231,267760135,567
5.Stocks

2023

2022

££
Other stocks48,00048,000
Total48,00048,000
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables111,911107,929
Taxation and social security47,86451,432
Accrued liabilities and deferred income1,2751,186
Total161,050160,547
7.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts174,878118,859
Total174,878118,859
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
SMITH, Michelle Lorraine3,7296,1065,0004,835
SMITH, Royston Arthur3,7296,1075,0004,836
7,45812,21310,0009,671