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Company Registration No. 04481580 (England and Wales)
Roysway Precision Grinding Limited Unaudited accounts for the year ended 31 August 2024
Roysway Precision Grinding Limited Unaudited accounts Contents
Page
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Roysway Precision Grinding Limited Company Information for the year ended 31 August 2024
Directors
Darren Hookway Margaret Hookway
Company Number
04481580 (England and Wales)
Registered Office
Unit 11a The Tanneries, East Street Titchfield Fareham Hampshire PO14 4AR
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Roysway Precision Grinding Limited Accountants' report
Accountants' report to the board of directors of Roysway Precision Grinding Limited on the preparation of the unaudited statutory accounts for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Roysway Precision Grinding Limited for the year ended 31 August 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Roysway Precision Grinding Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Roysway Precision Grinding Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Roysway Precision Grinding Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Roysway Precision Grinding Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Roysway Precision Grinding Limited. You consider that Roysway Precision Grinding Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Roysway Precision Grinding Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
22 October 2024
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Roysway Precision Grinding Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,959 
13,277 
Current assets
Inventories
250 
250 
Debtors
23,764 
19,862 
Cash at bank and in hand
5,446 
(6,776)
29,460 
13,336 
Creditors: amounts falling due within one year
(19,414)
(15,708)
Net current assets/(liabilities)
10,046 
(2,372)
Total assets less current liabilities
20,005 
10,905 
Creditors: amounts falling due after more than one year
(6,834)
(9,876)
Net assets
13,171 
1,029 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
13,071 
929 
Shareholders' funds
13,171 
1,029 
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by
Darren Hookway Director Company Registration No. 04481580
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Roysway Precision Grinding Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Roysway Precision Grinding Limited is a private company, limited by shares, registered in England and Wales, registration number 04481580. The registered office is Unit 11a The Tanneries, East Street, Titchfield, Fareham, Hampshire, PO14 4AR.
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
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:
Plant & machinery
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
40,438 
1,400 
41,838 
At 31 August 2024
40,438 
1,400 
41,838 
Depreciation
At 1 September 2023
27,865 
696 
28,561 
Charge for the year
3,142 
176 
3,318 
At 31 August 2024
31,007 
872 
31,879 
Net book value
At 31 August 2024
9,431 
528 
9,959 
At 31 August 2023
12,573 
704 
13,277 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
23,764 
19,862 
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Roysway Precision Grinding Limited Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
10,130 
8,163 
Taxes and social security
8,845 
943 
Loans from directors
367 
5,384 
Accruals
72 
1,218 
19,414 
15,708 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,834 
9,876 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Darren Hookway
Director Loan Account
(2,692)
(25,267)
(27,775)
(184)
Margaret Hookway
Director Loan Account
(2,692)
(25,266)
(27,775)
(183)
(5,384)
(50,533)
(55,550)
(367)
10
Average number of employees
During the year the average number of employees was 2 (2023: 3).
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