1 June 2021 false No description of principal activity Taxfiler 2022.8.3 04183619business:PrivateLimitedCompanyLtd2021-06-012022-05-31 041836192021-05-31 041836192021-06-012022-05-31 04183619business:AuditExemptWithAccountantsReport2021-06-012022-05-31 04183619business:FullAccounts2021-06-012022-05-31 041836192022-05-31 04183619business:Director12021-06-012022-05-31 04183619business:Director22021-06-012022-05-31 04183619business:RegisteredOffice2021-06-012022-05-31 041836192021-05-31 04183619core:WithinOneYear2022-05-31 04183619core:WithinOneYear2021-05-31 04183619core:AfterOneYear2022-05-31 04183619core:AfterOneYear2021-05-31 04183619core:ShareCapital2022-05-31 04183619core:ShareCapital2021-05-31 04183619core:RetainedEarningsAccumulatedLosses2022-05-31 04183619core:RetainedEarningsAccumulatedLosses2021-05-31 04183619business:SmallEntities2021-06-012022-05-31 04183619countries:EnglandWales2021-06-012022-05-31 04183619core:MotorVehicles2021-05-31 04183619core:FurnitureFittings2021-05-31 04183619core:MotorVehicles2021-06-012022-05-31 04183619core:FurnitureFittings2021-06-012022-05-31 04183619core:MotorVehicles2022-05-31 04183619core:FurnitureFittings2022-05-31 0418361912021-06-012022-05-31 041836192020-06-012021-05-31 iso4217:GBP xbrli:pure
Company Registration No. 04183619 (England and Wales)
REGALWISE LIMITED Unaudited accounts for the year ended 31 May 2022
REGALWISE LIMITED Unaudited accounts Contents
Page
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REGALWISE LIMITED Company Information for the year ended 31 May 2022
Directors
Ahmad Fawad Baraky Mohd Jewad Baraky
Company Number
04183619 (England and Wales)
Registered Office
5 YORK PARADE BRENTFORD TW8 9AA
Accountants
Accounts & Finance Consultants Ltd 1000 Great West Road Brentford London Middlesex TW8 9DW
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REGALWISE LIMITED Statement of financial position as at 31 May 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
129,419 
118,885 
Current assets
Debtors
51,471 
48,125 
Cash at bank and in hand
34,285 
20,231 
85,756 
68,356 
Creditors: amounts falling due within one year
(452,139)
(385,339)
Net current liabilities
(366,383)
(316,983)
Total assets less current liabilities
(236,964)
(198,098)
Creditors: amounts falling due after more than one year
(50,000)
(41,485)
Net liabilities
(286,964)
(239,583)
Capital and reserves
Called up share capital
99 
99 
Profit and loss account
(287,063)
(239,682)
Shareholders' funds
(286,964)
(239,583)
For the year ending 31 May 2022 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 directors acknowledge their 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 of Directors and authorised for issue on 10 August 2022 and were signed on its behalf by
Ahmad Fawad Baraky Director Company Registration No. 04183619
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REGALWISE LIMITED Notes to the Accounts for the year ended 31 May 2022
1
Statutory information
REGALWISE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04183619. The registered office is 5 YORK PARADE, BRENTFORD, TW8 9AA. The company is in the process of being wound up.
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.
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:
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2021
336,095 
41,185 
377,280 
Additions
10,534 
- 
10,534 
At 31 May 2022
346,629 
41,185 
387,814 
Depreciation
At 1 June 2021
217,210 
41,185 
258,395 
At 31 May 2022
217,210 
41,185 
258,395 
Net book value
At 31 May 2022
129,419 
- 
129,419 
At 31 May 2021
118,885 
- 
118,885 
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
3,346 
- 
Trade debtors
48,125 
48,125 
51,471 
48,125 
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REGALWISE LIMITED Notes to the Accounts for the year ended 31 May 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
1,455 
11,403 
Obligations under finance leases and hire purchase contracts
26,489 
51,697 
Trade creditors
190,739 
133,940 
Taxes and social security
(3,348)
2,231 
Other creditors
81,579 
30,634 
Loans from directors
155,225 
155,434 
452,139 
385,339 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
50,000 
41,485 
8
Post balance sheet events
The company is being wound up with all assets being sold to pay off all liabilities post balance sheet date. The company will file a its last set of company accounts showing close of business on 7 August 2022.
9
Average number of employees
During the year the average number of employees was 6 (2021: 6).
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