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Company Registration No. SC729321 (Scotland)
Roya Ltd Unaudited accounts for the year ended 31 March 2025
Roya Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Roya Ltd Company Information for the year ended 31 March 2025
Director
Mehrab Fakouri
Company Number
SC729321 (Scotland)
Registered Office
59 Elmbank Street Glasgow G2 4PQ Scotland
Accountants
Nairn Ltd 29 St Andrews Park Troon Ayrshire KA10 7GQ
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Roya Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
126,440
135,949
Current assets
Inventories
30,000
15,000
Cash at bank and in hand
4,874
764
34,874
15,764
Creditors: amounts falling due within one year
5
(64,651)
(51,336)
Net current liabilities
(29,777)
(35,572)
Total assets less current liabilities
96,663
100,377
Creditors: amounts falling due after more than one year
6
(85,258)
(38,409)
Provisions for liabilities
Deferred tax
(16,131)
(19,848)
Net (liabilities)/assets
(4,726)
42,120
Capital and reserves
Called up share capital
100
100
Profit and loss account
(4,826)
42,020
Shareholders' funds
(4,726)
42,120
For the year ending 31 March 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 November 2025 and were signed on its behalf by
Mehrab Fakouri Director Company Registration No. SC729321
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Roya Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Roya Ltd is a private company, limited by shares, registered in Scotland, registration number SC729321. The registered office is 59 Elmbank Street, Glasgow, G2 4PQ, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
3% Straight Line
Plant & machinery
20% Straight Line
Fixtures & fittings
20% Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 5 -
Roya Ltd Notes to the Accounts for the year ended 31 March 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
40,000
48,327
76,535
164,862
Additions
-
4,908
13,718
18,626
At 31 March 2025
40,000
53,235
90,253
183,488
Depreciation
At 1 April 2024
1,200
9,529
18,184
28,913
Charge for the year
1,200
9,973
16,962
28,135
At 31 March 2025
2,400
19,502
35,146
57,048
Net book value
At 31 March 2025
37,600
33,733
55,107
126,440
At 31 March 2024
38,800
38,798
58,351
135,949
5
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
57,530
37,451
Taxes and social security
2,212
4,963
Other creditors
1,058
-
Loans from directors
67
2,875
Accruals
3,784
6,047
64,651
51,336
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
85,258
38,409
7
Operating lease commitments
2025
2024
£
£
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
48,000
48,000
Later than one year and not later than five years
192,000
192,000
Later than five years
816,000
864,000
1,056,000
1,104,000
- 6 -
Roya Ltd Notes to the Accounts for the year ended 31 March 2025
8
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Interest free Loan with no fixed repayment
(2,875)
8,702
5,894
(67)
(2,875)
8,702
5,894
(67)
9
Average number of employees
During the year the average number of employees was 49 (2024: 10).
- 7 -