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REGISTERED NUMBER: 06335434 (England and Wales)















Financial Statements For The Year Ended 31 August 2023

for

Regency Cleaning (Halesowen) Ltd

Regency Cleaning (Halesowen) Ltd (Registered number: 06335434)






Contents of the Financial Statements
For The Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 9

Regency Cleaning (Halesowen) Ltd

Company Information
For The Year Ended 31 August 2023







DIRECTORS: Mrs J A Ford
Mrs T A Thompson
M Thompson





SECRETARY: Mrs T A Thompson





REGISTERED OFFICE: 13 Stourdale Road
Cradley Heath
West Midlands
B64 7BG





REGISTERED NUMBER: 06335434 (England and Wales)





ACCOUNTANTS: Howell Dunn & Co Limited
13 Stourdale Road
Cradley Heath
West Midlands
B64 7BG

Regency Cleaning (Halesowen) Ltd (Registered number: 06335434)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,541 15,811
Tangible assets 5 11,362 14,106
21,903 29,917

CURRENT ASSETS
Debtors 6 56,066 64,627
Cash at bank 110,421 84,528
166,487 149,155
CREDITORS
Amounts falling due within one year 7 76,013 95,392
NET CURRENT ASSETS 90,474 53,763
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,377

83,680

CREDITORS
Amounts falling due after more than one
year

8

(1,172

)

(3,840

)

PROVISIONS FOR LIABILITIES 10 (2,840 ) (2,680 )
NET ASSETS 108,365 77,160

CAPITAL AND RESERVES
Called up share capital 11 800 800
Retained earnings 107,565 76,360
SHAREHOLDERS' FUNDS 108,365 77,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Regency Cleaning (Halesowen) Ltd (Registered number: 06335434)

Balance Sheet - continued
31 August 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 Board of Directors and authorised for issue on 11 January 2024 and were signed on its behalf by:





Mrs T A Thompson - Director


Regency Cleaning (Halesowen) Ltd (Registered number: 06335434)

Notes to the Financial Statements
For The Year Ended 31 August 2023

1. STATUTORY INFORMATION

Regency Cleaning (Halesowen) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from contracts for the provision of services is recognised when the service has been provided.

Goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected useful life, which is ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 20% on reducing balance

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.


Regency Cleaning (Halesowen) Ltd (Registered number: 06335434)

Notes to the Financial Statements - continued
For The Year Ended 31 August 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.

The contributions are recognised as an expense in the income statement when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plans are held separately from the company in independently administered funds.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Statement of comprehensive income in other administrative expenses.

Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held at call with banks.

Impairment
Assets not valued at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the statement of comprehensive income.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Employee benefits
When employees have rendered service to the company, short term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2022 - 32 ) .

Regency Cleaning (Halesowen) Ltd (Registered number: 06335434)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 87,837
AMORTISATION
At 1 September 2022 72,026
Amortisation for year 5,270
At 31 August 2023 77,296
NET BOOK VALUE
At 31 August 2023 10,541
At 31 August 2022 15,811

5. TANGIBLE FIXED ASSETS
Motor Office
Equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 1,054 26,197 2,130 29,381
Additions 938 - - 938
At 31 August 2023 1,992 26,197 2,130 30,319
DEPRECIATION
At 1 September 2022 398 12,757 2,120 15,275
Charge for year 320 3,360 2 3,682
At 31 August 2023 718 16,117 2,122 18,957
NET BOOK VALUE
At 31 August 2023 1,274 10,080 8 11,362
At 31 August 2022 656 13,440 10 14,106

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 51,060 58,588
Prepayments 5,006 6,039
56,066 64,627

Regency Cleaning (Halesowen) Ltd (Registered number: 06335434)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 2,667 2,474
Trade creditors 3,137 1,806
Corporation tax 22,446 19,026
Social security and other taxes 15,154 16,336
Directors' current accounts 28,348 43,258
Accrued expenses 4,261 12,492
76,013 95,392

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 1,172 3,840

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 3,839 6,314

Hire purchase balances are secured on the asset to which they relate.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,840 2,680

Deferred
tax
£   
Balance at 1 September 2022 2,680
Charge to Statement of Income and Retained Earnings during year 160
Balance at 31 August 2023 2,840

Regency Cleaning (Halesowen) Ltd (Registered number: 06335434)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2023

11. CALLED UP SHARE CAPITAL

2020 2019

Ordinary share capital £ £
Issued and fully paid

400 Ordinary shares £1 each 400 400
100 A shares of £1 each 100 100
100 B shares of £1 each 100 100
100 C shares of £1 each 100 100
100 D shares of £1 each 100 100

800 800

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Regency Cleaning (Halesowen) Ltd

The following reproduces the text of the report prepared for the directors 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 Directors 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 Regency Cleaning (Halesowen) Ltd for the year ended 31 August 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Regency Cleaning (Halesowen) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Regency Cleaning (Halesowen) Ltd and state those matters that we have agreed to state to the Board of Directors of Regency Cleaning (Halesowen) Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Regency Cleaning (Halesowen) 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 Regency Cleaning (Halesowen) Ltd. You consider that Regency Cleaning (Halesowen) 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 Regency Cleaning (Halesowen) 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.






Howell Dunn & Co Limited
13 Stourdale Road
Cradley Heath
West Midlands
B64 7BG


11 January 2024