Registered Number:03175340 |
For the year ended 30 April 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 April 2023
Regalstrong Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Regalstrong Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
19,528
26,032
2
182,236
193,871
3
213,399
208,268
Trade and other receivables |
1,224,665
977,161
4
110,774
Cash and cash equivalents |
129,805
1,106,966
1,335,439
Trade and other payables: amounts falling due within one |
year |
(23,880)
(34,244)
5
1,311,559
1,072,722
Net current assets
Total assets less current liabilities |
1,286,121
1,519,827
Trade and other payables: amounts falling due after more |
than one year |
(733,013)
(496,661)
6
789,460
Net assets
786,814
100
100
140,274
140,274
7
649,086
646,440
789,460
786,814
Shareholders' funds
For the year ended 30 April 2023 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 of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 30 April 2023
Regalstrong Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 10 October 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 April 2023
Regalstrong Limited
Notes to the Financial Statements
Statutory Information
Regalstrong Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 03175340. |
Regal House
56 Cradley Road
Cradley Heath
West Midlands
B64 7BB
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed. |
Property, plant and equipment
Land and buildings
Computer equipment
Fixtures and fittings
The company''s freehold properties are revalued in full every five years. Interim valuations are carried out when it is |
likely that there has been a material change in value. |
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
would be immaterial. The directors undertake an annual impairment review of these properties. |
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For the year ended 30 April 2023
Regalstrong Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
74,225
10,539
435
63,251
63,251
435
10,539
74,225
Provision for depreciation and impairment |
48,193
9,823
420
37,950
Charge for year
6,504
179
-
6,325
54,697
10,002
420
44,275
18,976
15
537
19,528
25,301
15
716
26,032
3. Investments held as fixed assets |
182,236
182,236
11,635
11,635
193,871
193,871
193,871
193,871
182,236
182,236
4. Trade and other receivables |
2022
2023
720,440
920,867
256,721
303,798
1,224,665
977,161
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For the year ended 30 April 2023
Regalstrong Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2022
2023
Taxation and social security |
22,452
13,860
11,792
10,020
34,244
23,880
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
35,833
45,833
Bank loans and overdraft (secured) |
460,828
687,180
496,661
733,013
Revaluation reserve at 01 May 2022 |
140,274
140,274
Revaluation reserve at 30 April 2023 |
8. Average number of persons employed |
During the year the average number of employees was 2 (2022 : 2)
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