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REGISTERED NUMBER: SC482711 (Scotland)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

ROYCE SCOTLAND LIMITED

ROYCE SCOTLAND LIMITED (REGISTERED NUMBER: SC482711)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROYCE SCOTLAND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mrs M Pendrill





REGISTERED OFFICE: Arran House
15D Skye Road
Prestwick
Ayrshire
KA9 2TA





REGISTERED NUMBER: SC482711 (Scotland)





ACCOUNTANTS: Robert J Hart & Company
Chartered Accountants
Arran House
15D Skye Road
Prestwick
Ayrshire
KA9 2TA

ROYCE SCOTLAND LIMITED (REGISTERED NUMBER: SC482711)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 146,995 154,387

CURRENT ASSETS
Stocks 2,762 4,522
Debtors 5 31,565 23,983
Cash at bank and in hand 2,509 13,821
36,836 42,326
CREDITORS
Amounts falling due within one year 6 199,490 184,382
NET CURRENT LIABILITIES (162,654 ) (142,056 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,659

)

12,331

CREDITORS
Amounts falling due after more than one
year

7

34,206

55,006
NET LIABILITIES (49,865 ) (42,675 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (49,866 ) (42,676 )
(49,865 ) (42,675 )

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

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

The director acknowledges her 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.

ROYCE SCOTLAND LIMITED (REGISTERED NUMBER: SC482711)

BALANCE SHEET - continued
31 JULY 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 director and authorised for issue on 25 July 2024 and were signed by:





Mrs M Pendrill - Director


ROYCE SCOTLAND LIMITED (REGISTERED NUMBER: SC482711)

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

1. STATUTORY INFORMATION

Royce Scotland Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - Straight line over 68 years
Plant and machinery - 25% on reducing balance and 20% on cost
Fixtures and fittings - 20% on reducing balance
Office equipment - Straight line over 3 years

Government grants
Grants of a revenue nature are credited to income so as to match them with expenditure to which they relate.

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.

Hire purchase and leasing commitments

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.

ROYCE SCOTLAND LIMITED (REGISTERED NUMBER: SC482711)

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

2. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared on a going concern basis.
The company is dependant on the continuing support of the director. The director is of the opinion that it is appropriate to prepare the financial statements on a going concern basis.
The financial statements do not contain any adjustments that might arise from a withdrawal of this support.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Office
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 August 2022
and 31 July 2023 156,765 22,324 49,242 7,688 236,019
DEPRECIATION
At 1 August 2022 18,443 15,346 40,980 6,863 81,632
Charge for year 2,305 2,609 1,653 825 7,392
At 31 July 2023 20,748 17,955 42,633 7,688 89,024
NET BOOK VALUE
At 31 July 2023 136,017 4,369 6,609 - 146,995
At 31 July 2022 138,322 6,978 8,262 825 154,387


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 1,484 814
Other debtors 30,081 23,169
31,565 23,983

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 41,887 42,400
Trade creditors 23,461 17,451
Taxation and social security 101,527 88,577
Other creditors 32,615 35,954
199,490 184,382

ROYCE SCOTLAND LIMITED (REGISTERED NUMBER: SC482711)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 34,206 55,006

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.23 31.7.22
£    £   
Within one year 3,870 3,870
Between one and five years 15,480 15,480
In more than five years 208,980 212,850
228,330 232,200

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Loans 23,190 37,209

The loans are secured by a floating charge over the assets of the company.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
Mrs M Pendrill
Balance outstanding at start of year - 12,283
Amounts advanced - 13,467
Amounts repaid - (25,750 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -