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REGISTERED NUMBER: 04621028 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

RGC (ENG) Limited

RGC (ENG) Limited (Registered number: 04621028)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RGC (ENG) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M D Ralston
L J Ralston





REGISTERED OFFICE: Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ





REGISTERED NUMBER: 04621028 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

RGC (ENG) Limited (Registered number: 04621028)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 5 14,724 102,043
Cash at bank 3,686 3,178
18,410 105,221
CREDITORS
Amounts falling due within one year 6 13,492 154,931
NET CURRENT ASSETS/(LIABILITIES) 4,918 (49,710 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,918 (49,710 )

CAPITAL AND RESERVES
Called up share capital 101,815 101,815
Retained earnings (96,897 ) (151,525 )
4,918 (49,710 )

RGC (ENG) Limited (Registered number: 04621028)

Balance Sheet - continued
31 December 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





M D Ralston - Director


RGC (ENG) Limited (Registered number: 04621028)

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

1. STATUTORY INFORMATION

RGC (ENG) Limited 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.

There have been no material departures from the Financial Reporting Standard 102 1A.

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

The company recognises revenue when;
the amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Tangible fixed 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 is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings- 3 - 5 years straight line


RGC (ENG) Limited (Registered number: 04621028)

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

2. ACCOUNTING POLICIES - continued
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 balance sheet date.

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.

Going concern
The accounts have been prepared on a basis other than going concern. The reason for this being that the directors intend to dissolve the company within 12 months of the company year-end. The accounts continue to be prepared under the accruals basis, in line with the FRS102 Section 1A accounting standards.

3. EMPLOYEES AND DIRECTORS

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

RGC (ENG) Limited (Registered number: 04621028)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023 55,789
Disposals (55,789 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 55,789
Eliminated on disposal (55,789 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 60
Other debtors 14,724 101,983
14,724 102,043

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 576 82,117
Other creditors 12,916 72,814
13,492 154,931

7. OTHER FINANCIAL COMMITMENTS

There is an outstanding charge at Companies House which is a fixed and floating charge over the assets of the company by HSBC.

RGC (ENG) Limited (Registered number: 04621028)

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

8. RELATED PARTY DISCLOSURES

Other related parties


During the period the following transactions occurred between RGC (ENG) Limited, Solsoft Group Limited and Cyber Tec Security Ltd.

Purchases of £240 (2022 - £71,202) paid on behalf of Solsoft Group Limited and £998 (2022 - £351) recharged from Solsoft Group Limited.

During the year there was a sale of trade amounting to £2,070 (2022 - £Nil) made to Solsoft Group Limited. This is presented as a profit on sale of intangible fixed assets.

During the year sales of £240 (2022 - £210) were made to Cyber Tec Security Ltd.

Included within other creditors is a loan balance of £11,886 (2022 - £71,832) owed to Solsoft Group Limited, which is repayable on demand.

M D Ralston and L J Ralston are directors of RGC (ENG) Limited, Solsoft Group Limited and Cyber Tec Security Ltd.

RGC (ENG) Limited (Registered number: 04621028)

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

8. RELATED PARTY DISCLOSURES - continued

Loans to key management



Key
management


Total
2023 £ £
At start of period 57,917 57,917
Advanced 952 952
Repaid (58,869 ) (58,869 )
At end of period - -


Key
management


Total
2022 £ £
At start of the period 57,917 57,917
Advanced 1,171 1,171
Repaid (1,171 ) (1,171 )
At end of period 57,917 57,917

Loans to key management are repayable on demand and interest is charged on loan balances owing to the company that exceed £10,000. Interest is charged at the HMRC prevailing rate.