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REGISTERED NUMBER: 08629397 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

RGL Electrical Ltd

RGL Electrical Ltd (Registered number: 08629397)

Contents of the Financial Statements
for the Year Ended 31 July 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RGL Electrical Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: R G Lloyd



REGISTERED OFFICE: 14 Ricardo Drive
Cam
Dursley
Gloucestershire
GL11 5BD



REGISTERED NUMBER: 08629397 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: National Westminster Bank PLC
16 The Plain
Thornbury
Bristol
BS35 2BF

RGL Electrical Ltd (Registered number: 08629397)

Statement of Financial Position
31 July 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,310 12,789

CURRENT ASSETS
Debtors 5 13,932 7,888
Cash at bank 14,861 37,770
28,793 45,658
CREDITORS
Amounts falling due within one year 6 17,616 28,205
NET CURRENT ASSETS 11,177 17,453
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,487

30,242

CREDITORS
Amounts falling due after more than one
year

7

-

(667

)

PROVISIONS FOR LIABILITIES (1,769 ) (2,430 )
NET ASSETS 18,718 27,145

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 18,708 27,135
SHAREHOLDERS' FUNDS 18,718 27,145

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

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

The director acknowledges his 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.

RGL Electrical Ltd (Registered number: 08629397)

Statement of Financial Position - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 March 2024 and were signed by:





R G Lloyd - Director


RGL Electrical Ltd (Registered number: 08629397)

Notes to the Financial Statements
for the Year Ended 31 July 2023


1. STATUTORY INFORMATION

RGL Electrical 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

RGL Electrical Ltd (Registered number: 08629397)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 August 2022 26,846 3,720 30,566
Disposals (5,000 ) - (5,000 )
At 31 July 2023 21,846 3,720 25,566
Depreciation
At 1 August 2022 15,475 2,302 17,777
Charge for year 2,749 355 3,104
Eliminated on disposal (4,625 ) - (4,625 )
At 31 July 2023 13,599 2,657 16,256
Net book value
At 31 July 2023 8,247 1,063 9,310
At 31 July 2022 11,371 1,418 12,789

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Trade debtors 13,516 7,052
Other debtors 416 836
13,932 7,888

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Bank loans and overdrafts - 3,960
Trade creditors 7,101 4,121
Taxation and social security 7,617 15,837
Other creditors 2,898 4,287
17,616 28,205

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/23 31/7/22
£    £   
Bank loans - 667