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REGISTERED NUMBER: 04244335 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Roydale Limited

Roydale Limited (Registered number: 04244335)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Roydale Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P J Martin
G Martin
A Wells





SECRETARY: G Martin





REGISTERED OFFICE: Station Road
Shipley
West Yorkshire
BD18 2JL





REGISTERED NUMBER: 04244335 (England and Wales)





ACCOUNTANTS: DWilkinson&Company
Bank House
27 King Street
Leeds
West Yorkshire
LS1 2HL

Roydale Limited (Registered number: 04244335)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 105,000 120,000
Tangible assets 5 915,575 1,274,734
1,020,575 1,394,734

CURRENT ASSETS
Stocks 25,927 15,927
Debtors 6 428,766 335,238
Cash at bank and in hand 214,772 173,649
669,465 524,814
CREDITORS
Amounts falling due within one year 7 731,599 766,652
NET CURRENT LIABILITIES (62,134 ) (241,838 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

958,441

1,152,896

CREDITORS
Amounts falling due after more than
one year

8

(248,823

)

(144,045

)

PROVISIONS FOR LIABILITIES 9 (173,959 ) (184,390 )
NET ASSETS 535,659 824,461

Roydale Limited (Registered number: 04244335)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 535,559 824,361
SHAREHOLDERS' FUNDS 535,659 824,461

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:





G Martin - Director


Roydale Limited (Registered number: 04244335)

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

1. STATUTORY INFORMATION

Roydale 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.


Roydale Limited (Registered number: 04244335)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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 balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 300,000
AMORTISATION
At 1 April 2023 180,000
Amortisation for year 15,000
At 31 March 2024 195,000
NET BOOK VALUE
At 31 March 2024 105,000
At 31 March 2023 120,000

Roydale Limited (Registered number: 04244335)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 2,455,831 7,435 463,536 12,415 2,939,217
Additions 222,000 - - 583 222,583
Disposals (978,250 ) - - - (978,250 )
Reclassification/transfer 300,615 - (300,615 ) - -
At 31 March 2024 2,000,196 7,435 162,921 12,998 2,183,550
DEPRECIATION
At 1 April 2023 1,491,095 5,942 155,032 12,414 1,664,483
Charge for year 299,289 224 20,759 192 320,464
Eliminated on disposal (716,972 ) - - - (716,972 )
Reclassification/transfer 75,154 - (75,154 ) - -
At 31 March 2024 1,148,566 6,166 100,637 12,606 1,267,975
NET BOOK VALUE
At 31 March 2024 851,630 1,269 62,284 392 915,575
At 31 March 2023 964,736 1,493 308,504 1 1,274,734

Roydale Limited (Registered number: 04244335)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023 377,900
Additions 222,000
Disposals (377,900 )
At 31 March 2024 222,000
DEPRECIATION
At 1 April 2023 254,067
Charge for year 46,400
Eliminated on disposal (254,068 )
At 31 March 2024 46,399
NET BOOK VALUE
At 31 March 2024 175,601
At 31 March 2023 123,833

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 253,595 288,767
Other debtors 164,739 37,239
Prepayments 10,432 9,232
428,766 335,238

Roydale Limited (Registered number: 04244335)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 116,251 69,288
Hire purchase contracts 78,372 80,722
Trade creditors 317,226 456,110
Tax 15,913 -
Social security and other taxes 14,196 30,988
VAT 51,957 30,947
Other creditors 114,044 95,102
Accrued expenses 23,640 3,495
731,599 766,652

Loans from directors are interest free and repayable on demand.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 248,823 144,045

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 173,959 184,390

Deferred
tax
£   
Balance at 1 April 2023 184,390
Accelerated capital allowances (10,431 )
Balance at 31 March 2024 173,959

The entire provision of deferred tax is relating to accelerated capital allowances.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1 100 100

Roydale Limited (Registered number: 04244335)

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

11. ULTIMATE CONTROLLING PARTY

P & G Group Limited is the ultimate controlling party.