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REGISTERED NUMBER: 05892702 (England and Wales)






















Regal 100 Limited

Unaudited Financial Statements for the Year Ended 31 December 2023






Regal 100 Limited (Registered number: 05892702)






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


Regal 100 Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: K Sykes
E Tejero-Povedano





SECRETARY: F George





REGISTERED OFFICE: Newington Pharmacy
525 Anlaby Road
Hull
East Yorkshire
HU3 6EN





REGISTERED NUMBER: 05892702 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Regal 100 Limited (Registered number: 05892702)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,498 65,133

CURRENT ASSETS
Stocks 141,829 128,078
Debtors 5 399,290 398,628
Cash at bank and in hand 156,598 111,469
697,717 638,175
CREDITORS
Amounts falling due within one year 6 390,364 425,971
NET CURRENT ASSETS 307,353 212,204
TOTAL ASSETS LESS CURRENT
LIABILITIES

370,851

277,337

PROVISIONS FOR LIABILITIES 8,315 6,933
NET ASSETS 362,536 270,404

CAPITAL AND RESERVES
Called up share capital 7 200 200
Retained earnings 8 362,336 270,204
SHAREHOLDERS' FUNDS 362,536 270,404

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.

Regal 100 Limited (Registered number: 05892702)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





K Sykes - Director


Regal 100 Limited (Registered number: 05892702)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Regal 100 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.

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.
Improvements to property - 10% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 25% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Regal 100 Limited (Registered number: 05892702)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 32 (2022 - 35 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 63,134 148,997 236,017 448,148
Additions - 4,346 11,880 16,226
At 31 December 2023 63,134 153,343 247,897 464,374
DEPRECIATION
At 1 January 2023 61,224 99,045 222,746 383,015
Charge for year 478 10,284 7,099 17,861
At 31 December 2023 61,702 109,329 229,845 400,876
NET BOOK VALUE
At 31 December 2023 1,432 44,014 18,052 63,498
At 31 December 2022 1,910 49,952 13,271 65,133

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 219,248 268,537
Other debtors 180,042 130,091
399,290 398,628

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 22,990
Trade creditors 293,157 331,127
Taxation and social security 61,407 41,374
Other creditors 35,800 30,480
390,364 425,971

Regal 100 Limited (Registered number: 05892702)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary £1 200 200

8. RESERVES
Retained
earnings
£   

At 1 January 2023 270,204
Profit for the year 181,612
Dividends (89,480 )
At 31 December 2023 362,336

9. RELATED PARTY DISCLOSURES

Alsa PH Limited
A company in which E Tejero-Povedano is a shareholder.

During the year the company paid management fees to Alsa PH Limited of £100,000 (2022: £92,076).

Sugarman Sykes Limited
A company in which K Sykes and E Tejero-Povedano are shareholders.

During the year the company paid rent to Sugarman Sykes Limited of £9,600 (2022: £9,600).

2023 2022
£ £
Amount due from related party at the balance sheet date 120,000 60,000