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Company Registration No. 02576072 (England and Wales)
REGAL TRADING (U.K.) LIMITED Unaudited accounts for the year ended 31 March 2023
REGAL TRADING (U.K.) LIMITED Unaudited accounts Contents
Page
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REGAL TRADING (U.K.) LIMITED Company Information for the year ended 31 March 2023
Directors
Timothy Russell Slade Martin Keith Slade
Company Number
02576072 (England and Wales)
Registered Office
PROJECT H LTD BEADLE HOUSE BULL PLAIN HERTFORD HERTFORDSHIRE SG14 1DT ENGLAND
Accountants
Project H Limited Accountants Beadle House Bull Plain Hertford Hertfordshire SG14 1DT
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REGAL TRADING (U.K.) LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,563 
2,884 
Tangible assets
7,795 
10,268 
10,358 
13,152 
Current assets
Inventories
65,910 
51,907 
Debtors
- 
4,876 
Cash at bank and in hand
43,686 
74,758 
109,596 
131,541 
Creditors: amounts falling due within one year
(47,554)
(40,880)
Net current assets
62,042 
90,661 
Total assets less current liabilities
72,400 
103,813 
Creditors: amounts falling due after more than one year
(22,500)
(32,500)
Provisions for liabilities
Deferred tax
(1,329)
(1,772)
Net assets
48,571 
69,541 
Capital and reserves
Called up share capital
8 
8 
Profit and loss account
48,563 
69,533 
Shareholders' funds
48,571 
69,541 
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 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 21 November 2023 and were signed on its behalf by
Timothy Russell Slade Director Company Registration No. 02576072
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REGAL TRADING (U.K.) LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
REGAL TRADING (U.K.) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02576072. The registered office is PROJECT H LTD BEADLE HOUSE, BULL PLAIN, HERTFORD, HERTFORDSHIRE, SG14 1DT, ENGLAND.
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:
Motor vehicles
25%, reducing balance
Fixtures & fittings
15%, reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation and written down over 25 years
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2022
8,016 
At 31 March 2023
8,016 
Amortisation
At 1 April 2022
5,132 
Charge for the year
321 
At 31 March 2023
5,453 
Net book value
At 31 March 2023
2,563 
At 31 March 2022
2,884 
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REGAL TRADING (U.K.) LIMITED Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
9,950 
9,862 
19,812 
At 31 March 2023
9,950 
9,862 
19,812 
Depreciation
At 1 April 2022
622 
8,922 
9,544 
Charge for the year
2,332 
141 
2,473 
At 31 March 2023
2,954 
9,063 
12,017 
Net book value
At 31 March 2023
6,996 
799 
7,795 
At 31 March 2022
9,328 
940 
10,268 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
- 
4,876 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
6,156 
8,117 
Trade creditors
14,712 
13,329 
Taxes and social security
4,693 
8,561 
Other creditors
11,047 
- 
Accruals
946 
873 
47,554 
40,880 
During the year the directors entered into the following advances and credits with the company: MR T SLADE: 2022 (£2,350) , 2021 (£1,706) MR M SLADE : 2022 (£2,350) , 2021 (£1.706)
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
22,500 
32,500 
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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