REGENCY AERIALS (CAMBRIDGE) LIMITED

Company Registration Number:
02501073 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

REGENCY AERIALS (CAMBRIDGE) LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

REGENCY AERIALS (CAMBRIDGE) LIMITED

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 6,156 9,014
Total fixed assets: 6,156 9,014
Current assets
Stocks: 1,603 2,041
Debtors:   5,525 14,320
Total current assets: 7,128 16,361
Creditors: amounts falling due within one year:   (32,817) (19,590)
Net current assets (liabilities): (25,689) (3,229)
Total assets less current liabilities: (19,533) 5,785
Creditors: amounts falling due after more than one year:   (4,167) (8,650)
Total net assets (liabilities): (23,700) (2,865)
Capital and reserves
Called up share capital: 27,400 27,400
Profit and loss account: (51,100) (30,265)
Shareholders funds: (23,700) (2,865)

The notes form part of these financial statements

REGENCY AERIALS (CAMBRIDGE) LIMITED

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 October 2024
and signed on behalf of the board by:

Name: P W Human
Status: Director

The notes form part of these financial statements

REGENCY AERIALS (CAMBRIDGE) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is derived from the the installation and maintenance of aerial systems. Turnover represents net invoiced sales of goods and equipment, excluding value added tax. In line with Financial Reporting Standard 102 income has been recognised when the company obtains the right to consideration in exchange for its performance.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Other accounting policies

Stocks Stocks consist of parts and goods purchased for resale. Stocks are valued at lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. 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. Going concern The director has considered the financial position of the company and believes it is well placed to manage its business risks successfully. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus continues to adopt the going concern basis of preparation in preparing the financial statements.

REGENCY AERIALS (CAMBRIDGE) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 3 3

REGENCY AERIALS (CAMBRIDGE) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible Assets

Total
Cost £
At 01 June 2023 17,490
Additions 279
Disposals (4,250)
At 31 May 2024 13,519
Depreciation
At 01 June 2023 8,476
Charge for year 2,339
On disposals (3,452)
At 31 May 2024 7,363
Net book value
At 31 May 2024 6,156
At 31 May 2023 9,014

Included in the fixed assets above is an asset held under hire purchase agreement with a net book value of £5,405; depreciation charged in the year on this asset totalled £1,802.

REGENCY AERIALS (CAMBRIDGE) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Related party transactions

The company is controlled by Mr P Human.