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REGISTERED NUMBER: 06927646 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

REGIONAL IMPROVEMENTS LTD
TRADING AS
SOUTHERN GLASS

REGIONAL IMPROVEMENTS LTD (REGISTERED NUMBER: 06927646)
TRADING AS SOUTHERN GLASS






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

REGIONAL IMPROVEMENTS LTD
TRADING AS SOUTHERN GLASS

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: D M Coomber





SECRETARY: P Shillinglaw





REGISTERED OFFICE: 31 - 33 Albion Place
Maidstone
Kent
ME14 5DZ





REGISTERED NUMBER: 06927646 (England and Wales)





ACCOUNTANTS: Stephen Hill Mid Kent Limited
31-33 Albion Place
Sittingbourne Road
Maidstone
Kent
ME14 5DZ

REGIONAL IMPROVEMENTS LTD (REGISTERED NUMBER: 06927646)
TRADING AS SOUTHERN GLASS

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 22,360 31,243
22,360 31,243

CURRENT ASSETS
Stocks 75,662 83,345
Debtors 6 16,723 52,490
Cash at bank and in hand 119,378 126,916
211,763 262,751
CREDITORS
Amounts falling due within one year 7 116,874 179,481
NET CURRENT ASSETS 94,889 83,270
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,249

114,513

CREDITORS
Amounts falling due after more than one year 8 (24,107 ) (34,028 )

PROVISIONS FOR LIABILITIES (3,710 ) (4,958 )
NET ASSETS 89,432 75,527

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 89,431 75,526
SHAREHOLDERS' FUNDS 89,432 75,527

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

REGIONAL IMPROVEMENTS LTD (REGISTERED NUMBER: 06927646)
TRADING AS SOUTHERN GLASS

BALANCE SHEET - continued
30 JUNE 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 September 2023 and were signed by:





D M Coomber - Director


REGIONAL IMPROVEMENTS LTD (REGISTERED NUMBER: 06927646)
TRADING AS SOUTHERN GLASS

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Regional Improvements Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


REGIONAL IMPROVEMENTS LTD (REGISTERED NUMBER: 06927646)
TRADING AS SOUTHERN GLASS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 46,500
AMORTISATION
At 1 July 2022
and 30 June 2023 46,500
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

REGIONAL IMPROVEMENTS LTD (REGISTERED NUMBER: 06927646)
TRADING AS SOUTHERN GLASS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022
and 30 June 2023 23,156 4,394 82,552 11,560 121,662
DEPRECIATION
At 1 July 2022 18,007 4,240 56,785 11,387 90,419
Charge for year 2,316 39 6,442 86 8,883
At 30 June 2023 20,323 4,279 63,227 11,473 99,302
NET BOOK VALUE
At 30 June 2023 2,833 115 19,325 87 22,360
At 30 June 2022 5,149 154 25,767 173 31,243

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 16,242 51,969
Other debtors 481 521
16,723 52,490

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 9,915 9,660
Trade creditors 47,936 69,382
Taxation and social security 51,440 88,269
Other creditors 7,583 12,170
116,874 179,481

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 24,107 34,028

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
REGIONAL IMPROVEMENTS LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Regional Improvements Ltd for the year ended 30 June 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Regional Improvements Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Regional Improvements Ltd and state those matters that we have agreed to state to the director of Regional Improvements Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Regional Improvements Ltd and its director for our work or for this report.

It is your duty to ensure that Regional Improvements Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Regional Improvements Ltd. You consider that Regional Improvements Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Regional Improvements Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stephen Hill Mid Kent Limited
31-33 Albion Place
Sittingbourne Road
Maidstone
Kent
ME14 5DZ


28 September 2023