IRIS Accounts Production v24.2.0.383 03037242 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh030372422023-03-31030372422024-03-31030372422023-04-012024-03-31030372422022-03-31030372422022-04-012023-03-31030372422023-03-3103037242ns15:EnglandWales2023-04-012024-03-3103037242ns14:PoundSterling2023-04-012024-03-3103037242ns10:Director12023-04-012024-03-3103037242ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103037242ns10:SmallEntities2023-04-012024-03-3103037242ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103037242ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103037242ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103037242ns10:FullAccounts2023-04-012024-03-3103037242ns10:CompanySecretary12023-04-012024-03-3103037242ns10:RegisteredOffice2023-04-012024-03-3103037242ns5:CurrentFinancialInstruments2024-03-3103037242ns5:CurrentFinancialInstruments2023-03-3103037242ns5:Non-currentFinancialInstruments2024-03-3103037242ns5:Non-currentFinancialInstruments2023-03-3103037242ns5:ShareCapital2024-03-3103037242ns5:ShareCapital2023-03-3103037242ns5:CapitalRedemptionReserve2024-03-3103037242ns5:CapitalRedemptionReserve2023-03-3103037242ns5:RetainedEarningsAccumulatedLosses2024-03-3103037242ns5:RetainedEarningsAccumulatedLosses2023-03-3103037242ns5:PlantMachinery2023-03-3103037242ns5:PlantMachinery2023-04-012024-03-3103037242ns5:PlantMachinery2024-03-3103037242ns5:PlantMachinery2023-03-3103037242ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3103037242ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103037242ns5:DeferredTaxation2023-03-3103037242ns5:DeferredTaxation2023-04-012024-03-3103037242ns5:DeferredTaxation2024-03-31
REGISTERED NUMBER: 03037242 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Regal Environmental Systems Limited

Regal Environmental Systems Limited (Registered number: 03037242)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Regal Environmental Systems Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S Watt





SECRETARY:





REGISTERED OFFICE: Regal House Upham Street
Upham
Southampton
Hampshire
SO32 1JA





REGISTERED NUMBER: 03037242 (England and Wales)





ACCOUNTANTS: Trend Accountants Ltd
4 Edison Village
Highfield Science Park
Nottingham
NG72RF

Regal Environmental Systems Limited (Registered number: 03037242)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 114,220 127,346

CURRENT ASSETS
Stocks 11,732 15,534
Debtors 5 165,255 215,155
Cash at bank 308,261 166,513
485,248 397,202
CREDITORS
Amounts falling due within one year 6 199,007 157,352
NET CURRENT ASSETS 286,241 239,850
TOTAL ASSETS LESS CURRENT
LIABILITIES

400,461

367,196

CREDITORS
Amounts falling due after more than
one year

7

(120,232

)

(185,598

)

PROVISIONS FOR LIABILITIES 8 (4,862 ) (6,536 )
NET ASSETS 275,367 175,062

CAPITAL AND RESERVES
Called up share capital 80 80
Capital redemption reserve 20 20
Retained earnings 275,267 174,962
275,367 175,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Regal Environmental Systems Limited (Registered number: 03037242)

Balance Sheet - continued
31 March 2024


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 15 October 2024 and were signed by:





S Watt - Director


Regal Environmental Systems Limited (Registered number: 03037242)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Regal Environmental Systems 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.

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.

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.

Regal Environmental Systems Limited (Registered number: 03037242)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 257,688
Additions 34,006
Disposals (21,386 )
At 31 March 2024 270,308
DEPRECIATION
At 1 April 2023 130,342
Charge for year 31,449
Eliminated on disposal (5,703 )
At 31 March 2024 156,088
NET BOOK VALUE
At 31 March 2024 114,220
At 31 March 2023 127,346

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 146,756 186,800
Amounts owed by group undertakings - 18,931
Other debtors 18,499 9,424
165,255 215,155

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 4,314 5,110
Trade creditors 72,147 56,852
Taxation and social security 91,406 82,902
Other creditors 31,140 12,488
199,007 157,352

Regal Environmental Systems Limited (Registered number: 03037242)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 120,232 185,598

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 4,862 6,536

Deferred
tax
£   
Balance at 1 April 2023 6,536
Provided during year (1,674 )
Balance at 31 March 2024 4,862

9. ULTIMATE CONTROLLING PARTY

From 31 Mar 21 the parent company Monarch Air Conditioning Ltd a company registered in England and Wales. The unlimited controlling party is Mr S K Watt.