REGULAR TOUGH LTD

Company Registration Number:
11236399 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

REGULAR TOUGH LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Additional notes
Balance sheet notes

REGULAR TOUGH LTD

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 0 417
Total fixed assets: 0 417
Current assets
Debtors: 4 7,000 6,704
Cash at bank and in hand: 49,051 26,558
Total current assets: 56,051 33,262
Creditors: amounts falling due within one year: 5 ( 24,731 ) ( 7,691 )
Net current assets (liabilities): 31,320 25,571
Total assets less current liabilities: 31,320 25,988
Total net assets (liabilities): 31,320 25,988
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 31,220 25,888
Total Shareholders' funds: 31,320 25,988

The notes form part of these financial statements

REGULAR TOUGH LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 19 April 2024
and signed on behalf of the board by:

Name: Ian LaPoint
Status: Director

The notes form part of these financial statements

REGULAR TOUGH LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

    Tangible fixed assets depreciation policy

    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: Computer equipment - over 3 years.

    Other accounting policies

    Debtors - Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors - Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. 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. Foreign currency translation - Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

REGULAR TOUGH LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

REGULAR TOUGH LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 1,249 1,249
Additions
Disposals
Revaluations
Transfers
At 31 March 2024 1,249 1,249
Depreciation
At 1 April 2023 832 832
Charge for year 417 417
On disposals
Other adjustments
At 31 March 2024 1,249 1,249
Net book value
At 31 March 2024 0 0
At 31 March 2023 417 417

REGULAR TOUGH LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Trade debtors 7,000 6,704
Total 7,000 6,704

REGULAR TOUGH LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 24,156 7,116
Other creditors 575 575
Total 24,731 7,691