Royall and Son Limited - Accounts to registrar (filleted) - small 17.3
Royall and Son Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 1 JANUARY 2016 TO 31 MARCH 2017 |
| FOR |
| ROYALL AND SON LIMITED |
| ROYALL AND SON LIMITED (REGISTERED NUMBER: 00744110) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the period 1 January 2016 to 31 March 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| ROYALL AND SON LIMITED |
| COMPANY INFORMATION |
| for the period 1 January 2016 to 31 March 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 2a Church Street |
| North Walsham |
| Norfolk |
| NR28 9DA |
| ROYALL AND SON LIMITED (REGISTERED NUMBER: 00744110) |
| BALANCE SHEET |
| 31 March 2017 |
| 2017 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 on its behalf by: |
| ROYALL AND SON LIMITED (REGISTERED NUMBER: 00744110) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the period 1 January 2016 to 31 March 2017 |
| 1. | STATUTORY INFORMATION |
| Royall and Son Limited is a |
| company's registered number and registered office address can be found on the Company Information |
| page. |
| These financial statements have been prepared for a fifteen month period to include the disposal of a |
| significant part of the business in early 2017. As a result the comparatives for the previous twelve |
| month period are not entirely comparable. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net invoiced sales of goods and services, excluding value added tax. |
| Tangible fixed assets |
| Freehold property | - |
| Cruisers | - |
| Plant and equipment | - |
| Motor vehicles | - |
| 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 period comprises current and deferred tax. Tax is recognised in the Income |
| Statement. |
| 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. |
| 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 period was |
| ROYALL AND SON LIMITED (REGISTERED NUMBER: 00744110) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the period 1 January 2016 to 31 March 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Plant and | Motor |
| property | Cruisers | equipment | vehicles | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 January 2016 |
| Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
| At 31 March 2017 |
| DEPRECIATION |
| At 1 January 2016 |
| Charge for period |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 December 2015 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2015 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2015 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| Included in other creditors is an amount owing to the directors at 31 March 2017 of £12,555 (31 |
| December 2015 £16,426) which is unsecured, interest free and repayable on demand. During the |
| period dividends amounting to £42,936 were paid to the directors. |
| 8. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Mr N Royall. |