Company Registration No. 11696019 (England and Wales)
Regallite Ltd
Unaudited accounts
for the year ended 30 November 2023
Regallite Ltd
Unaudited accounts
Contents
Regallite Ltd
Company Information
for the year ended 30 November 2023
Company Number
11696019 (England and Wales)
Registered Office
20-22 Wenlock Road
London
N1 7GU
England
Regallite Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
24,646
307
Investments
364,435
233,346
Cash at bank and in hand
23,699
79,766
Creditors: amounts falling due within one year
(82,723)
(54,999)
Net current (liabilities)/assets
(59,024)
25,227
Total assets less current liabilities
330,057
258,880
Creditors: amounts falling due after more than one year
(336,597)
(244,656)
Net (liabilities)/assets
(6,540)
14,224
Called up share capital
1,000
1,000
Profit and loss account
(7,540)
13,224
Shareholders' funds
(6,540)
14,224
For the year ending 30 November 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 October 2024 and were signed on its behalf by
Janaksinh Jhala
Director
Company Registration No. 11696019
Regallite Ltd
Notes to the Accounts
for the year ended 30 November 2023
Regallite Ltd is a private company, limited by shares, registered in England and Wales, registration number 11696019. The registered office is 20-22 Wenlock Road, London, N1 7GU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on RBM
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2022
-
633
633
At 30 November 2023
30,500
633
31,133
At 1 December 2022
-
326
326
Charge for the year
6,100
61
6,161
At 30 November 2023
6,100
387
6,487
At 30 November 2023
24,400
246
24,646
At 30 November 2022
-
307
307
5
Investments
Other investments
Valuation at 1 December 2022
233,346
Valuation at 30 November 2023
364,435
Regallite Ltd
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Other creditors
45,982
17,829
Loans from directors
19,260
36,120
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
336,597
244,656
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).