Acorah Software Products - Accounts Production 16.0.110 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 05131715 Mr John Wyatt Mr Martin Deakins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05131715 2023-10-31 05131715 2024-10-31 05131715 2023-11-01 2024-10-31 05131715 frs-core:CurrentFinancialInstruments 2024-10-31 05131715 frs-core:ComputerEquipment 2024-10-31 05131715 frs-core:ComputerEquipment 2023-11-01 2024-10-31 05131715 frs-core:ComputerEquipment 2023-10-31 05131715 frs-core:FurnitureFittings 2024-10-31 05131715 frs-core:FurnitureFittings 2023-11-01 2024-10-31 05131715 frs-core:FurnitureFittings 2023-10-31 05131715 frs-core:PlantMachinery 2024-10-31 05131715 frs-core:PlantMachinery 2023-11-01 2024-10-31 05131715 frs-core:PlantMachinery 2023-10-31 05131715 frs-core:ShareCapital 2024-10-31 05131715 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 05131715 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05131715 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 05131715 frs-bus:SmallEntities 2023-11-01 2024-10-31 05131715 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 05131715 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 05131715 frs-bus:Director1 2023-11-01 2024-10-31 05131715 frs-bus:Director2 2023-11-01 2024-10-31 05131715 frs-countries:EnglandWales 2023-11-01 2024-10-31 05131715 2022-10-31 05131715 2023-10-31 05131715 2022-11-01 2023-10-31 05131715 frs-core:CurrentFinancialInstruments 2023-10-31 05131715 frs-core:ShareCapital 2023-10-31 05131715 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 05131715
Royalex Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05131715
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,180 25,206
23,180 25,206
CURRENT ASSETS
Stocks 5 115,541 51,425
Debtors 6 5,075 10,475
Cash at bank and in hand 60,625 13,868
181,241 75,768
Creditors: Amounts Falling Due Within One Year 7 (108,663 ) (25,228 )
NET CURRENT ASSETS (LIABILITIES) 72,578 50,540
TOTAL ASSETS LESS CURRENT LIABILITIES 95,758 75,746
NET ASSETS 95,758 75,746
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 95,658 75,646
SHAREHOLDERS' FUNDS 95,758 75,746
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For the year ending 31 October 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Martin Deakins
Director
14/01/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Royalex Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05131715 . The registered office is 29a Royal Exchange, London, England, EC3V 3LP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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.
2.3. Tangible Fixed Assets and Depreciation
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 bases:
Plant & Machinery 15% WDV
Fixtures & Fittings 15% WDV
Computer Equipment 15% WDV
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 500 110,614 8,149 119,263
Additions 1,065 - 999 2,064
As at 31 October 2024 1,565 110,614 9,148 121,327
Depreciation
As at 1 November 2023 193 90,902 2,962 94,057
Provided during the period 206 2,957 927 4,090
As at 31 October 2024 399 93,859 3,889 98,147
Net Book Value
As at 31 October 2024 1,166 16,755 5,259 23,180
As at 1 November 2023 307 19,712 5,187 25,206
5. Stocks
2024 2023
£ £
Stock 115,541 51,425
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,075 10,475
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 64,930 2,599
Corporation tax 18,435 11,394
Other taxes and social security 2,459 1,734
VAT 12,133 2,471
Other creditors 10,453 6,040
Directors' loan accounts 253 990
108,663 25,228
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
Included in Other Creditors is an amount of £253 (2023 - £990) owed to the directors. This loan is interest free and no repayment terms have been agreed. 
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