Company Registration No. 12491408 (England and Wales)
Regen Electricals Limited
Unaudited accounts
for the year ended 31 March 2023
Regen Electricals Limited
Unaudited accounts
Contents
Regen Electricals Limited
Company Information
for the year ended 31 March 2023
Company Number
12491408 (England and Wales)
Registered Office
Units 1 & 2
Neath Abbey Business Park
Neath
SA10 7DR
Regen Electricals Limited
Statement of financial position
as at 31 March 2023
Tangible assets
16,332
25,735
Cash at bank and in hand
24,980
10,263
Creditors: amounts falling due within one year
(70,321)
(40,525)
Net current assets
40,958
19,590
Total assets less current liabilities
57,290
45,325
Creditors: amounts falling due after more than one year
(14,400)
(19,200)
Called up share capital
1
1
Profit and loss account
42,889
26,124
Shareholders' funds
42,890
26,125
For the year ending 31 March 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 30 June 2023 and were signed on its behalf by
Carl Lewis
Director
Company Registration No. 12491408
Regen Electricals Limited
Notes to the Accounts
for the year ended 31 March 2023
Regen Electricals Limited is a private company, limited by shares, registered in England and Wales, registration number 12491408. The registered office is Units 1 & 2 , Neath Abbey Business Park , Neath, SA10 7DR.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
Straight Line Method - 3 Years
Motor vehicles
Straight Line Method - 3 Years
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2022
9,950
24,738
34,688
At 31 March 2023
12,604
24,738
37,342
At 1 April 2022
415
8,538
8,953
Charge for the year
3,811
8,246
12,057
At 31 March 2023
4,226
16,784
21,010
At 31 March 2023
8,378
7,954
16,332
At 31 March 2022
9,535
16,200
25,735
Regen Electricals Limited
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
81,394
44,947
Accrued income and prepayments
2,905
2,905
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,800
4,800
Trade creditors
30,304
14,475
Taxes and social security
9,227
5,457
Loans from directors
17,133
12,523
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).