5 false false false false false false false false false false true false false false false false true No description of principal activity 2022-05-31 Sage Accounts Production Advanced 2023 - FRS102_2023 10,474 1,808 12,282 3,064 2,456 5,520 6,762 7,410 xbrli:pure xbrli:shares iso4217:GBP 11369430 2022-05-31 2023-05-28 11369430 2023-05-28 11369430 2022-05-30 11369430 2021-06-01 2022-05-30 11369430 2022-05-30 11369430 2021-05-31 11369430 bus:Director1 2022-05-31 2023-05-28 11369430 core:AfterOneYear 2023-05-28 11369430 core:AfterOneYear 2022-05-30 11369430 core:WithinOneYear 2023-05-28 11369430 core:WithinOneYear 2022-05-30 11369430 core:ShareCapital 2023-05-28 11369430 core:ShareCapital 2022-05-30 11369430 core:RetainedEarningsAccumulatedLosses 2023-05-28 11369430 core:RetainedEarningsAccumulatedLosses 2022-05-30 11369430 bus:SmallEntities 2022-05-31 2023-05-28 11369430 bus:AuditExemptWithAccountantsReport 2022-05-31 2023-05-28 11369430 bus:SmallCompaniesRegimeForAccounts 2022-05-31 2023-05-28 11369430 bus:PrivateLimitedCompanyLtd 2022-05-31 2023-05-28 11369430 bus:FullAccounts 2022-05-31 2023-05-28 11369430 core:ComputerEquipment 2022-05-30 11369430 core:ComputerEquipment 2022-05-31 2023-05-28 11369430 core:ComputerEquipment 2023-05-28
COMPANY REGISTRATION NUMBER: 11369430
ROLY HOLDINGS LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDING
28 May 2023
ROLY HOLDINGS LTD
STATEMENT OF FINANCIAL POSITION
28 May 2023
28 May 23
30 May 22
Note
£
£
£
FIXED ASSETS
Tangible assets
5
6,762
7,410
CURRENT ASSETS
Debtors
6
49,958
7,900
Investments
7
314
8,775
Cash at bank and in hand
13,560
4,233
--------
--------
63,832
20,908
CREDITORS: amounts falling due within one year
8
( 80,249)
( 9,343)
--------
--------
NET CURRENT (LIABILITIES)/ASSETS
( 16,417)
11,565
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 9,655)
18,975
CREDITORS: amounts falling due after more than one year
9
( 70,433)
( 92,520)
--------
--------
NET LIABILITIES
( 80,088)
( 73,545)
--------
--------
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss account
( 80,089)
( 73,546)
--------
--------
SHAREHOLDERS DEFICIT
( 80,088)
( 73,545)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 28 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
ROLY HOLDINGS LTD
STATEMENT OF FINANCIAL POSITION (continued)
28 May 2023
These financial statements were approved by the board of directors and authorised for issue on 20 September 2024 , and are signed on behalf of the board by:
R Anand
Director
Company registration number: 11369430
ROLY HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 31 MAY 2022 TO 28 MAY 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 - 22 Bridge End, Leeds, LS1 4DJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have also been prepared on the going concern basis. The directors consider the going concern basis to be appropriate as they have confirmed their ongoing support.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax.
Income tax
Deferred Taxation is provided using the liability method on all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently state at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
5 years
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 5 (2022: 7 ).
5. TANGIBLE ASSETS
Equipment
£
Cost
At 31 May 2022
10,474
Additions
1,808
--------
At 28 May 2023
12,282
--------
Depreciation
At 31 May 2022
3,064
Charge for the period
2,456
--------
At 28 May 2023
5,520
--------
Carrying amount
At 28 May 2023
6,762
--------
At 30 May 2022
7,410
--------
6. DEBTORS
28 May 23
30 May 22
£
£
Trade debtors
49,458
7,400
Other debtors
500
500
--------
-------
49,958
7,900
--------
-------
7. INVESTMENTS
28 May 23
30 May 22
£
£
Investments
314
8,775
----
-------
8. CREDITORS: amounts falling due within one year
28 May 23
30 May 22
£
£
Trade creditors
33,399
2,357
Corporation tax
200
905
Social security and other taxes
73,201
36,675
Other creditors
( 26,551)
( 30,594)
--------
--------
80,249
9,343
--------
--------
9. CREDITORS: amounts falling due after more than one year
28 May 23
30 May 22
£
£
Bank loans and overdrafts
45,990
50,000
Other creditors
24,443
42,520
--------
--------
70,433
92,520
--------
--------