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Company Registration No. SC729321 (Scotland)
Roya Ltd Unaudited accounts for the year ended 31 March 2024
Roya Ltd Unaudited accounts Contents
Page
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Roya Ltd Company Information for the year ended 31 March 2024
Director
Mehrab Fakouri
Company Number
SC729321 (Scotland)
Registered Office
59 Elmbank Street Glasgow G2 4PQ Scotland
Accountants
Nairn Ltd 29 St Andrews Park Troon Ayrshire KA10 7GQ
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Roya Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
135,949 
59,546 
Current assets
Inventories
15,000 
10,060 
Debtors
- 
7,652 
Cash at bank and in hand
764 
1,840 
15,764 
19,552 
Creditors: amounts falling due within one year
(45,289)
(4,001)
Net current (liabilities)/assets
(29,525)
15,551 
Total assets less current liabilities
106,424 
75,097 
Creditors: amounts falling due after more than one year
(44,456)
(116,597)
Provisions for liabilities
Deferred tax
(19,848)
- 
Net assets/(liabilities)
42,120 
(41,500)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
42,020 
(41,600)
Shareholders' funds
42,120 
(41,500)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 September 2024 and were signed on its behalf by
Mehrab Fakouri Director Company Registration No. SC729321
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Roya Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Roya Ltd is a private company, limited by shares, registered in Scotland, registration number SC729321. The registered office and principal place of business is 59 Elmbank Street, Glasgow, G2 4PQ, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
3% Straight Line
Plant & machinery
20% Straight Line
Fixtures & fittings
20% Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Roya Ltd Notes to the Accounts for the year ended 31 March 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
- 
20,997 
45,639 
66,636 
Additions
40,000 
27,330 
30,896 
98,226 
At 31 March 2024
40,000 
48,327 
76,535 
164,862 
Depreciation
At 1 April 2023
- 
1,631 
5,459 
7,090 
Charge for the year
1,200 
7,898 
12,725 
21,823 
At 31 March 2024
1,200 
9,529 
18,184 
28,913 
Net book value
At 31 March 2024
38,800 
38,798 
58,351 
135,949 
At 31 March 2023
- 
19,366 
40,180 
59,546 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
7,652 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
37,451 
- 
Taxes and social security
4,963 
988 
Loans from directors
2,875 
- 
Accruals
- 
3,013 
45,289 
4,001 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
38,409 
90,754 
Loans from directors
- 
25,843 
Deferred income
6,047 
- 
44,456 
116,597 
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Roya Ltd Notes to the Accounts for the year ended 31 March 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mehrab Fakouri
Interest free Loan with no fixed repayment
(25,839)
24,180 
1,216 
(2,875)
(25,839)
24,180 
1,216 
(2,875)
9
Average number of employees
During the year the average number of employees was 10 (2023: 10).
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