Roy Perfect Limited


Directors	Mrs A M Perfect
	Mr R M Perfect


Company Secretary	Mrs A M Perfect


Registered Address	Holmelands
	Thiefside Calthwaite
	Penrith
	CA11 9RN


Registered Number	04224553 (England and Wales)

Notes to the Financial Statements
for the year ended 30 June 2025

1.	Accounting policies

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

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	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 the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

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 the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	15	20
Plant and machinery	15	-
Fixtures and fittings	15	-
Vehicles	-	4

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	5		4

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 July 24	166,060	106,883	47,050	2,633	10,731	333,357
Additions	6,781	4,000	-	686	1,165	12,632
At 30 June 25	172,841	110,883	47,050	3,319	11,896	345,989
Depreciation and impairment
At 01 July 24	40,165	69,506	11,989	2,254	8,114	132,028
Charge for year	6,005	3,848	7,509	125	495	17,982
At 30 June 25	46,170	73,354	19,498	2,379	8,609	150,010
Net book value
At 30 June 25	126,671	37,529	27,552	940	3,287	195,979
At 30 June 24	125,895	37,377	35,061	379	2,617	201,329

4.	Stocks

	2025	2024
	£	£
Raw materials and consumables	122,352	82,650
Finished goods	329,572	294,030
Total	451,924	376,680

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	62,526	91,307
Other debtors	-	5,585
Prepayments and accrued income	4,417	4,135
Total	66,943	101,027


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	108,839	64,022
Bank borrowings and overdrafts	649	76,709
Taxation and social security	13,923	17,176
Other creditors	316,328	158,115
Accrued liabilities and deferred income	1,629	8,678
Total	441,368	324,700


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. There is a fixed and floating charge over the assets of the company in favour of HSBC Plc.

7.	Provisions for liabilities
	Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate of the settlement can be made. The provision for deferred taxation is in respect of accelerated capital allowances.

	2025	2024
	£	£
Net deferred tax liability (asset)	47,000	50,300
Total	47,000	50,300

8.	Pension commitments
	The pension cost charge represents contributions payable by the company to the fund and amounted to £62,031 (2024 - £61,358).

9.	Related party transactions
	During the year the directors continued to loan funds to the company. As of the balance sheet date, the company owed the directors £315,547 (2024 - £157,353). The directors charged the company interest amounting to £22,829 (2024 - £11,754). The loan is unsecured and repayable on demand. During the year the company paid rent amounting to £1,000 (2024 - £36,000) to the directors for the use of business premises.

Related party transactions

During the year the directors continued to loan funds to the company. As of the balance sheet date, the company owed the directors £315,547 (2024 - £157,353). The directors charged the company interest amounting to £22,829 (2024 - £11,754).  The loan is unsecured and repayable on demand. 

During the year the company paid rent amounting to £1,000 (2024 - £36,000) to the directors for the use of business premises.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		195,979		201,329
			195,979		201,329
Current assets
Stocks	4	451,924		376,680
Debtors	5	66,943		101,027
Cash at bank and on hand		65,219		1,149
		584,086		478,856
Creditors amounts falling due within one year	6	(441,368)		(324,700)
Net current assets (liabilities)			142,718		154,156
Total assets less current liabilities			338,697		355,485
Provisions for liabilities	7		(47,000)		(50,300)
Net assets			291,697		305,185
Capital and reserves
Called up share capital			2		2
Profit and loss account			291,695		305,183
Shareholders' funds			291,697		305,185