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REGISTERED NUMBER: 04777805 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Royston Services Limited

Royston Services Limited (Registered number: 04777805)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Royston Services Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: J O'Looney
Mrs S O O'Looney





SECRETARY: Mrs S O O'Looney





REGISTERED OFFICE: 15 North Close
Royston
Hertfordshire
SG8 5EZ





REGISTERED NUMBER: 04777805 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Royston Services Limited (Registered number: 04777805)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,970 2,311

CURRENT ASSETS
Debtors 5 1,515 1,709
Cash at bank and in hand 9,930 8,654
11,445 10,363
CREDITORS
Amounts falling due within one year 6 11,972 11,714
NET CURRENT LIABILITIES (527 ) (1,351 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,443

960

PROVISIONS FOR LIABILITIES 374 439
NET ASSETS 1,069 521

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 969 421
SHAREHOLDERS' FUNDS 1,069 521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Royston Services Limited (Registered number: 04777805)

Statement of Financial Position - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by:




J O'Looney - Director



Mrs S O O'Looney - Director


Royston Services Limited (Registered number: 04777805)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Royston Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis. The Director considers this basis to be appropriate as the business is generating sufficient cashflows on a monthly basis to meet its liabilities as they fall due, despite the fact that the balance sheet shows net current liabilities at 31 May 2024 of £527 (2023: £1,351).

Should the company be unable to continue trading, adjustments would have to be made to adjust the value of the assets to their recoverable amount, and to provide for any further liabilities which might arise.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Royston Services Limited (Registered number: 04777805)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023 5,718 9,970 15,688
Additions 288 - 288
Disposals (228 ) - (228 )
At 31 May 2024 5,778 9,970 15,748
DEPRECIATION
At 1 June 2023 5,183 8,194 13,377
Charge for year 124 444 568
Eliminated on disposal (167 ) - (167 )
At 31 May 2024 5,140 8,638 13,778
NET BOOK VALUE
At 31 May 2024 638 1,332 1,970
At 31 May 2023 535 1,776 2,311

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 819 1,062
Other debtors - 10
Prepayments and accrued income 696 637
1,515 1,709

Royston Services Limited (Registered number: 04777805)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Tax 3,008 3,817
Social security and other taxes 399 -
Directors' loan accounts 7,506 6,890
Accrued expenses 1,059 1,007
11,972 11,714

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100