Registered number
10053133
Reginald Store Ltd
Filleted Accounts
28 February 2023
Reginald Store Ltd
Registered number: 10053133
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 27,171 32,922
Current assets
Stocks 94,000 85,000
Debtors 4 11,142 11,142
Cash at bank and in hand 51,616 70,945
156,758 167,087
Creditors: amounts falling due within one year 5 (155,902) (176,842)
Net current assets/(liabilities) 856 (9,755)
Total assets less current liabilities 28,027 23,167
Creditors: amounts falling due after more than one year 6 (8,433) (8,974)
Net assets 19,594 14,193
Capital and reserves
Called up share capital 100 100
Profit and loss account 19,494 14,093
Shareholder's funds 19,594 14,193
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Hidir ARPA
Director
Approved by the board on 10 November 2023
Reginald Store Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 11 9
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 March 2022 4,167 48,915 27,556 80,638
At 28 February 2023 4,167 48,915 27,556 80,638
Depreciation
At 1 March 2022 - 35,955 11,761 47,716
Charge for the year - 2,592 3,159 5,751
At 28 February 2023 - 38,547 14,920 53,467
Net book value
At 28 February 2023 4,167 10,368 12,636 27,171
At 28 February 2022 4,167 12,960 15,795 32,922
4 Debtors 2023 2022
£ £
Other debtors 11,142 11,142
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,870 7,081
Taxation and social security costs 6,474 6,742
Other creditors 147,558 163,019
155,902 176,842
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 8,433 8,974
7 Controlling party
Hidir ARPA, a company director controls the company by virtue of holding 100% of the issued share capital.
8 Other information
Reginald Store Ltd is a private company limited by shares and incorporated in England. Its registered office is:
8 Clock House Parade
North Circular Road
London
N13 4BF
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