Registered number
10029916
Victoria Regan Ltd
Filleted Accounts
28 February 2023
Victoria Regan Ltd
Registered number: 10029916
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,616 4,821
Current assets
Debtors 4 (99) 1,575
Cash at bank and in hand 1,703 4,712
1,604 6,287
Creditors: amounts falling due within one year 5 3,388 (2,202)
Net current assets 4,992 4,085
Total assets less current liabilities 8,608 8,906
Creditors: amounts falling due after more than one year 6 (5,598) (7,935)
Net assets 3,010 971
Capital and reserves
Called up share capital 10,000 10,000
Profit and loss account (6,990) (9,029)
Shareholder's funds 3,010 971
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 her 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.
Ms V L Regan
Director
Approved by the board on 17 November 2023
Victoria Regan Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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:
Plant and machinery 25% rbm
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2022 7,471
At 28 February 2023 7,471
Depreciation
At 1 March 2022 2,650
Charge for the year 1,205
At 28 February 2023 3,855
Net book value
At 28 February 2023 3,616
At 28 February 2022 4,821
4 Debtors 2023 2022
£ £
Trade debtors (99) 1,575
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 2,640 2,640
Trade creditors 1,008 -
Taxation and social security costs 3,564 3,840
Other creditors (10,600) (4,278)
(3,388) 2,202
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 5,598 7,935
7 Controlling party
The director controls the company.
8 Other information
Victoria Regan Ltd is a private company limited by shares and incorporated in England. Its registered office is:
20 North Lane
Canterbury
Kent
CT2 7PG
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