UK ROYALE COUNTY PRODUCTS LIMITED

Company Registration Number:
NI643923 (Northern Ireland)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

UK ROYALE COUNTY PRODUCTS LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

UK ROYALE COUNTY PRODUCTS LIMITED

Balance sheet

As at 28 February 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 2,542 3,390
Total fixed assets: 2,542 3,390
Current assets
Stocks: 102,367 102,367
Debtors:   179,964 152,980
Cash at bank and in hand: 586,913 635,979
Total current assets: 869,244 891,326
Creditors: amounts falling due within one year: 4 (827,909) (870,418)
Net current assets (liabilities): 41,335 20,908
Total assets less current liabilities: 43,877 24,298
Total net assets (liabilities): 43,877 24,298
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 43,875 24,296
Shareholders funds: 43,877 24,298

The notes form part of these financial statements

UK ROYALE COUNTY PRODUCTS LIMITED

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 November 2024
and signed on behalf of the board by:

Name: Mark McCullen
Status: Director

The notes form part of these financial statements

UK ROYALE COUNTY PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Plant & Machinery - 20% Straight Line

UK ROYALE COUNTY PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

UK ROYALE COUNTY PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible Assets

Total
Cost £
At 01 March 2023 4,238
At 28 February 2024 4,238
Depreciation
At 01 March 2023 848
Charge for year 848
At 28 February 2024 1,696
Net book value
At 28 February 2024 2,542
At 28 February 2023 3,390

UK ROYALE COUNTY PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Creditors: amounts falling due within one year note

Trade creditors - £671,685 Loan from Royal County Products Ltd - £137,580 Corporation tax - £4,813 VAT - £18,109 PAYE - (£9,928) Accruals - £5,650

UK ROYALE COUNTY PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Related party transactions

Name of the related party: Royal County Products Ltd
Relationship:
Associated company
Description of the Transaction: Purchases from Royal County Products Ltd £1,134,824
£
Balance at 01 March 2023 0
Balance at 28 February 2024 1,134,824
Name of the related party: Royal County Products Ltd
Relationship:
Associated company
Description of the Transaction: Loan from Royal County Products Ltd £3,330
£
Balance at 01 March 2023 134,250
Balance at 28 February 2024 137,580