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REGISTERED NUMBER: 01746847 (England and Wales)












Unaudited Financial Statements

For The Year Ended 30 June 2024

for

Regale Microwave Ovens Limited

Regale Microwave Ovens Limited (Registered number: 01746847)






Contents of the Financial Statements
For The Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Regale Microwave Ovens Limited

Company Information
For The Year Ended 30 June 2024







DIRECTORS: P L Bray
B Clark
C L Matkin
I Phillips





SECRETARY: P L Bray





REGISTERED OFFICE: 140 Ordnance Business Park
Aerodrome Road
Gosport
Hampshire
PO13 0FG





REGISTERED NUMBER: 01746847 (England and Wales)





ACCOUNTANTS: Butler & Co (Bishops Waltham) Limited
Chartered Accountants
Avalon House
Waltham Business Park
Brickyard Road, Swanmore
Southampton
Hampshire
SO32 2SA

Regale Microwave Ovens Limited (Registered number: 01746847)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 762,332 497,623

CURRENT ASSETS
Stocks 343,052 401,824
Debtors 6 643,487 720,618
Investments 7 343 282
Cash at bank and in hand 218,335 51,895
1,205,217 1,174,619
CREDITORS
Amounts falling due within one year 8 552,654 276,533
NET CURRENT ASSETS 652,563 898,086
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,414,895

1,395,709

CREDITORS
Amounts falling due after more than one
year

9

-

(24,004

)

PROVISIONS FOR LIABILITIES (33,931 ) (38,156 )
NET ASSETS 1,380,964 1,333,549

CAPITAL AND RESERVES
Called up share capital 264 244
Share premium 26,850 10,470
Retained earnings 1,353,850 1,322,835
SHAREHOLDERS' FUNDS 1,380,964 1,333,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Regale Microwave Ovens Limited (Registered number: 01746847)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:





I Phillips - Director


Regale Microwave Ovens Limited (Registered number: 01746847)

Notes to the Financial Statements
For The Year Ended 30 June 2024

1. STATUTORY INFORMATION

Regale Microwave Ovens 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Freehold property - Straight line over 50 years
Improvements to property - Straight line over 25 years
Plant and machinery - 10% on cost
Fixtures and equipment - 25% reducing balance basis and 10% on cost
Motor vehicles - 20% reducing balance basis
Computer equipment - 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.

Regale Microwave Ovens Limited (Registered number: 01746847)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

3. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 July 2023 279,280 - 204,131
Additions 332,234 12,881 12,502
Disposals - - -
At 30 June 2024 611,514 12,881 216,633
DEPRECIATION
At 1 July 2023 - - 101,346
Charge for year 12,030 300 20,904
Eliminated on disposal - - -
At 30 June 2024 12,030 300 122,250
NET BOOK VALUE
At 30 June 2024 599,484 12,581 94,383
At 30 June 2023 279,280 - 102,785

Regale Microwave Ovens Limited (Registered number: 01746847)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 116,237 85,856 - 685,504
Additions 9,328 - 1,322 368,267
Disposals (41,038 ) (35,200 ) - (76,238 )
At 30 June 2024 84,527 50,656 1,322 977,533
DEPRECIATION
At 1 July 2023 58,944 27,591 - 187,881
Charge for year 9,387 11,653 70 54,344
Eliminated on disposal (14,352 ) (12,672 ) - (27,024 )
At 30 June 2024 53,979 26,572 70 215,201
NET BOOK VALUE
At 30 June 2024 30,548 24,084 1,252 762,332
At 30 June 2023 57,293 58,265 - 497,623

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 550,355 467,783
Other debtors 20,859 230,624
Directors' current accounts - 1,038
Tax 11,971 -
VAT - 15,064
Prepayments 60,302 5,573
Payments on account - 536
643,487 720,618

7. CURRENT ASSET INVESTMENTS
30.6.24 30.6.23
£    £   
Listed investments 343 282
Market value of listed investments at 30 June 2024 - £ 343 (2023 - £ 282 ).

Current asset investments relate to listed investments which are measured at fair value with gains or losses through profit and loss. Fair values are measured at the market value of the shares on the London Stock Exchange as at the balance sheet date.

Regale Microwave Ovens Limited (Registered number: 01746847)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 352,578 120,247
Tax 43,287 50,394
Social security and other taxes 4,585 -
VAT 13,219 -
Other creditors 57,132 98,501
Pension contributions payable 103 -
Directors' current accounts 56,026 1,833
Accrued expenses 25,724 5,558
552,654 276,533

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Finance leases - 24,004