ROYCE POWER TRANSMISSIONS LIMITED - Accounts to registrar (filleted)

REGISTERED NUMBER: 01863432 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

ROYCE POWER TRANSMISSIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Cove

O C Cove

SECRETARY:

Mrs N Cove

REGISTERED OFFICE:

Suite 2C, Brosnan House

175 Darkes Lanet

Potters Bar

Hertfordshire

EN6 1BW

REGISTERED NUMBER:

01863432 (England and Wales)

ACCOUNTANTS:

BBK Partnership Limited

Chartered Accountants

Suite 2C, Brosnan House

175 Darkes Lane

Potters Bar

Hertfordshire

EN6 1BW

FIXED ASSETS

Tangible assets

4

236,111

300,901

Investments

5

100

236,211

301,001

CURRENT ASSETS

Stocks

6

1,819,754

1,883,274

Debtors

7

3,182,658

3,301,296

Cash at bank

2,802

2,879

5,005,214

5,187,449

CREDITORS

Amounts falling due within one year

8

1,060,957

1,389,922

NET CURRENT ASSETS

3,944,257

3,797,527

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,180,468

4,098,528

CREDITORS

Amounts falling due after more than one year

9

(90,288

)

(12,500

)

PROVISIONS FOR LIABILITIES

(43,918

)

(57,906

)

NET ASSETS

4,046,262

4,028,122

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

4,046,162

4,028,022

SHAREHOLDERS' FUNDS

4,046,262

4,028,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 24 November 2025 and were signed on its behalf by:

S Cove - Director

1.	STATUTORY INFORMATION

ROYCE POWER TRANSMISSIONS 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.

Tangible fixed assets

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

Fixtures, fittings & equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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 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.

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 18 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Motor

& equipment

vehicles

Totals

£

COST

At 1 March 2024

921,908

286,247

1,208,155

Additions

17,094

-

17,094

Disposals

-

(13,882

)

(13,882

)

At 28 February 2025

939,002

272,365

1,211,367

DEPRECIATION

At 1 March 2024

758,145

149,109

907,254

Charge for year

45,214

30,814

76,028

Eliminated on disposal

-

(8,026

)

(8,026

)

At 28 February 2025

803,359

171,897

975,256

NET BOOK VALUE

At 28 February 2025

135,643

100,468

236,111

At 29 February 2024

163,763

137,138

300,901

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 March 2024

and 28 February 2025

100

NET BOOK VALUE

At 28 February 2025

100

At 29 February 2024

100

6.

STOCKS

28.2.25

29.2.24

£

Stocks

1,819,754

1,883,274

7.

DEBTORS

28.2.25

29.2.24

£

Amounts falling due within one year:

Trade debtors

1,731,268

1,657,478

Other debtors

1,397,340

1,426,340

Prepayments

54,050

17,050

3,182,658

3,100,868

28.2.25

29.2.24

£

Amounts falling due after more than one year:

Due from holding company

-

200,428

Aggregate amounts

3,182,658

3,301,296

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

Bank loans and overdrafts

110,731

38,270

Trade creditors

662,003

813,886

Tax

-

13,321

Social security and other taxes

147,690

424,615

VAT

7,923

86,862

Other creditors

122,000

-

Accrued expenses

10,610

12,968

1,060,957

1,389,922

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

Bank loans - 1-2 years

2,500

10,000

Bank loans - 2-5 years

-

2,500

Amount due to subsidiary

company

87,788

-

90,288

12,500

10.	RELATED PARTY DISCLOSURES

Other debtors includes an amount of £643,001 due from Hackett Trading Limited, a company controlled by close family members.

Other debtors includes an amount of £27,000 due from Overnite Bearings Limited, a company controlled by a close family member.

Other Debtors includes an amount of £130,000 due from Bayliss Trading Limited, a company controlled by close family members.

Other debtors includes an amount of £20,000 due from Calvin Trading Limited, a company controlled by close family members.

Other debtors includes an amount of £25,000 due from Rosewood Holdings Limited, a company controlled by a close family member.

Other creditors of £122,000 is amount due to Kooples Properties Limited, a company controlled by close family members.

.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Lanvin Trading Limited.