Registered number
06441096
NEW REGENCY RADIO CARS LIMITED
Unaudited Filleted Accounts
31 March 2024
NEW REGENCY RADIO CARS LIMITED
Registered number: 06441096
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 32,000 -
Tangible assets 4 310,966 286,350
342,966 286,350
Current assets
Debtors 5 18,506 18,506
Cash at bank and in hand 266,345 216,285
284,851 234,791
Creditors: amounts falling due within one year 6 (144,488) (266,981)
Net current assets/(liabilities) 140,363 (32,190)
Total assets less current liabilities 483,329 254,160
Creditors: amounts falling due after more than one year 7 (379,502) (237,400)
Net assets 103,827 16,760
Capital and reserves
Called up share capital 2 2
Profit and loss account 103,825 16,758
Shareholder's funds 103,827 16,760
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ayaz Shah Furmuli
Director
Approved by the board on 23 September 2024
NEW REGENCY RADIO CARS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 15 12
3 Intangible fixed assets £
Goodwill:
Cost
Additions 40,000
At 31 March 2024 40,000
Amortisation
Provided during the year 8,000
At 31 March 2024 8,000
Net book value
At 31 March 2024 32,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 72,184 708,755 780,939
Additions - 236,546 236,546
Disposals - (141,751) (141,751)
At 31 March 2024 72,184 803,550 875,734
Depreciation
At 1 April 2023 72,183 422,406 494,589
Charge for the year - 154,660 154,660
On disposals - (84,481) (84,481)
At 31 March 2024 72,183 492,585 564,768
Net book value
At 31 March 2024 1 310,965 310,966
At 31 March 2023 1 286,349 286,350
5 Debtors 2024 2023
£ £
Trade debtors 16,104 16,104
Other debtors 2,402 2,402
18,506 18,506
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 5,000 70,000
Taxation and social security costs 123,669 134,991
Other creditors 15,819 61,990
144,488 266,981
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 379,502 237,400
8 Other information
NEW REGENCY RADIO CARS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
4 Station Approach
Beckenham
BR3 1HY
NEW REGENCY RADIO CARS LIMITED 06441096 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 Ayaz Shah Furmuli No description of principal activity 06441096 2022-04-01 2023-03-31 06441096 core:WithinOneYear 2023-03-31 06441096 core:AfterOneYear 2023-03-31 06441096 core:ShareCapital 2023-03-31 06441096 core:RetainedEarningsAccumulatedLosses 2023-03-31 06441096 2023-04-01 2024-03-31 06441096 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06441096 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06441096 bus:Director40 2023-04-01 2024-03-31 06441096 1 2023-04-01 2024-03-31 06441096 2 2023-04-01 2024-03-31 06441096 core:Goodwill 2023-04-01 2024-03-31 06441096 core:PlantMachinery 2023-04-01 2024-03-31 06441096 core:Vehicles 2023-04-01 2024-03-31 06441096 countries:England 2023-04-01 2024-03-31 06441096 bus:FRS102 2023-04-01 2024-03-31 06441096 bus:FilletedAccounts 2023-04-01 2024-03-31 06441096 2024-03-31 06441096 core:WithinOneYear 2024-03-31 06441096 core:AfterOneYear 2024-03-31 06441096 core:ShareCapital 2024-03-31 06441096 core:RetainedEarningsAccumulatedLosses 2024-03-31 06441096 core:Goodwill 2024-03-31 06441096 core:PlantMachinery 2024-03-31 06441096 core:Vehicles 2024-03-31 06441096 2023-03-31 06441096 core:PlantMachinery 2023-03-31 06441096 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure