REGISTERED NUMBER: 02856742 (England and Wales)

Financial Statements for the Year Ended 31st December 2024

for

Royland Contractors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R G Prior

S Prior

SECRETARY:

S Prior

REGISTERED OFFICE:

1-3 Manor Road

Chatham

Kent

ME4 6AE

REGISTERED NUMBER:

02856742 (England and Wales)

ACCOUNTANTS:

Beak Kemmenoe

Chartered Accountants

1-3 Manor Road

Chatham

Kent

ME4 6AE

FIXED ASSETS

Property, plant and equipment

4

879,259

948,372

Investment property

5

160,000

160,000

1,039,259

1,108,372

CURRENT ASSETS

Inventories

22,088

15,394

Debtors

6

4,287,566

3,954,007

Cash at bank

609,774

956,016

4,919,428

4,925,417

CREDITORS

Amounts falling due within one year

7

2,093,406

2,155,303

NET CURRENT ASSETS

2,826,022

2,770,114

TOTAL ASSETS LESS CURRENT LIABILITIES

3,865,281

3,878,486

PROVISIONS FOR LIABILITIES

157,540

171,342

NET ASSETS

3,707,741

3,707,144

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

8

49,051

49,051

Retained earnings

3,658,590

3,657,993

SHAREHOLDERS' FUNDS

3,707,741

3,707,144

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th September 2025 and were signed on its behalf by:

R G Prior - Director

1.	STATUTORY INFORMATION

Royland Contractors 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 as modified by the revaluation of certain assets.

Turnover

The turnover is the amount derived from ordinary activities, and stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold property

-

2% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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 balance sheet date.

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

Payments in respect of other post-retirement benefits 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 41 (2023 - 39 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Leasehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1st January 2024

121,231

1,980,290

54,073

387,475

2,543,069

Additions

-

-

-

50,225

50,225

Disposals

-

-

-

(31,340

)

(31,340

)

At 31st December 2024

121,231

1,980,290

54,073

406,360

2,561,954

DEPRECIATION

At 1st January 2024

49,522

1,278,961

43,875

222,339

1,594,697

Charge for year

2,425

61,126

2,550

46,684

112,785

Eliminated on disposal

-

-

-

(24,787

)

(24,787

)

At 31st December 2024

51,947

1,340,087

46,425

244,236

1,682,695

NET BOOK VALUE

At 31st December 2024

69,284

640,203

7,648

162,124

879,259

At 31st December 2023

71,709

701,329

10,198

165,136

948,372

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2024

and 31st December 2024

160,000

NET BOOK VALUE

At 31st December 2024

160,000

At 31st December 2023

160,000

Fair value at 31st December 2024 is represented by:

£

Valuation in 2016

59,051

Valuation in 2017

(10,000

)

Cost

110,949

160,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

110,949

110,949

Investment property was valued on a fair value basis on 31st December 2019 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

670,873

246,332

Other debtors and prepayments

3,616,693

3,707,675

4,287,566

3,954,007

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,787,317

1,695,222

Taxation and social security

128,947

240,707

Other creditors and accruals

177,142

219,374

2,093,406

2,155,303

8.

RESERVES

Fair

value

reserve

£

At 1st January 2024

and 31st December 2024

49,051

9.	RELATED PARTY DISCLOSURES

The shareholders are also the controlling shareholders of RSML Limited. Other debtors include £3,144,550 (2023 :£3,201,873) which is owed to the company by RSML Limited.

No amounts were written off in the year.

10.	ULTIMATE CONTROLLING PARTY

Mr R G Prior and Mrs S Prior have control due to their majority shareholding.