Regency Cleaning Solutions Ltd 09127241 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is the provision of cleaning services. Digita Accounts Production Advanced 6.30.9574.0 true true true 09127241 2022-11-01 2023-10-31 09127241 2023-10-31 09127241 bus:OrdinaryShareClass1 2023-10-31 09127241 core:RetainedEarningsAccumulatedLosses 2023-10-31 09127241 core:ShareCapital 2023-10-31 09127241 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 09127241 core:FurnitureFittingsToolsEquipment 2023-10-31 09127241 core:MotorVehicles 2023-10-31 09127241 core:OtherPropertyPlantEquipment 2023-10-31 09127241 bus:SmallEntities 2022-11-01 2023-10-31 09127241 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 09127241 bus:FilletedAccounts 2022-11-01 2023-10-31 09127241 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09127241 bus:RegisteredOffice 2022-11-01 2023-10-31 09127241 bus:Director1 2022-11-01 2023-10-31 09127241 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 09127241 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09127241 core:FurnitureFittings 2022-11-01 2023-10-31 09127241 core:FurnitureFittingsToolsEquipment 2022-11-01 2023-10-31 09127241 core:MotorVehicles 2022-11-01 2023-10-31 09127241 core:OtherPropertyPlantEquipment 2022-11-01 2023-10-31 09127241 core:PlantMachinery 2022-11-01 2023-10-31 09127241 core:Vehicles 2022-11-01 2023-10-31 09127241 5 2022-11-01 2023-10-31 09127241 1 2022-11-01 2023-10-31 09127241 countries:England 2022-11-01 2023-10-31 09127241 2022-10-31 09127241 core:FurnitureFittingsToolsEquipment 2022-10-31 09127241 core:MotorVehicles 2022-10-31 09127241 core:OtherPropertyPlantEquipment 2022-10-31 09127241 2021-11-01 2022-10-31 09127241 2022-10-31 09127241 bus:OrdinaryShareClass1 2022-10-31 09127241 core:RetainedEarningsAccumulatedLosses 2022-10-31 09127241 core:ShareCapital 2022-10-31 09127241 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 09127241 core:FurnitureFittingsToolsEquipment 2022-10-31 09127241 core:MotorVehicles 2022-10-31 09127241 core:OtherPropertyPlantEquipment 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09127241

Regency Cleaning Solutions Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Regency Cleaning Solutions Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Regency Cleaning Solutions Ltd

Company Information

Director

Miss Amelia Renfrew

Registered office

2/4 Ash Lane
Rustington
West Sussex
BN16 3BZ

Accountants

Lucraft Hodgson & Dawes LLP
2/4 Ash Lane
Rustington
West Sussex
BN16 3BZ

 

Regency Cleaning Solutions Ltd

(Registration number: 09127241)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,981

3,781

Investment property

-

42

 

2,981

3,823

Current assets

 

Debtors

5

37,131

30,543

Cash at bank and in hand

 

2,870

3,587

 

40,001

34,130

Creditors: Amounts falling due within one year

6

(13,279)

(6,824)

Net current assets

 

26,722

27,306

Total assets less current liabilities

 

29,703

31,129

Provisions for liabilities

(566)

(718)

Net assets

 

29,137

30,411

Capital and reserves

 

Called up share capital

7

8

8

Profit and loss account

29,129

30,403

Shareholders' funds

 

29,137

30,411

 

Regency Cleaning Solutions Ltd

(Registration number: 09127241)
Balance Sheet as at 31 October 2023

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 July 2024
 

.........................................
Miss Amelia Renfrew
Director

 

Regency Cleaning Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
2/4 Ash Lane
Rustington
West Sussex
BN16 3BZ
United Kingdom

These financial statements were authorised for issue by the director on 15 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling, which is also the company's functional currency. The financial statements are rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Key sources of estimation uncertainty

The principal estimation uncertainty is the recoverability of trade debtors. The company has not experienced material bad debts. The carrying amount is £Nil (2022 -£Nil).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The service provided to the client has been completed.

 

Regency Cleaning Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% straight line

Motor vehicles

20% reducing balance

Fixtures and fittings

25% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Regency Cleaning Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Regency Cleaning Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2022 - 4).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 November 2022

734

4,477

456

5,667

At 31 October 2023

734

4,477

456

5,667

Depreciation

At 1 November 2022

709

821

356

1,886

Charge for the year

25

731

44

800

At 31 October 2023

734

1,552

400

2,686

Carrying amount

At 31 October 2023

-

2,925

56

2,981

At 31 October 2022

25

3,656

100

3,781

 

Regency Cleaning Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

5

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

535

565

Amounts owed by related parties

28,519

23,561

Prepayments

 

16

319

Other debtors

 

8,061

6,098

   

37,131

30,543

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

6,823

-

Taxation and social security

 

4,062

4,247

Accruals and deferred income

 

1,740

1,680

Other creditors

 

654

897

 

13,279

6,824

 

Regency Cleaning Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

8

8

8

8

         

8

Parent and ultimate parent undertaking

The company's immediate parent is Regency Block Cleaning Limited, incorporated in England.

  These financial statements are available upon request from the companies registered office.