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
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
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.
Roysway Precision Grinding Limited
Statement of financial position
as at 31 August 2024
Tangible assets
9,959
13,277
Cash at bank and in hand
5,446
(6,776)
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)
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
Roysway Precision Grinding Limited
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 August 2024
9,431
528
9,959
At 31 August 2023
12,573
704
13,277
Amounts falling due within one year
Trade debtors
23,764
19,862
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
Taxes and social security
8,845
943
Loans from directors
367
5,384
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
(2,692)
(25,267)
(27,775)
(184)
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).