Company registration number 03246540 (England and Wales)
REGENCY PLASTERING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
REGENCY PLASTERING LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
REGENCY PLASTERING LIMITED (REGISTERED NUMBER: 03246540)
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
25,878
6,172
Current assets
Stocks
5,500
110,000
Debtors
4
9,813
33,896
Cash at bank and in hand
143,098
55,388
158,411
199,284
Creditors: amounts falling due within one year
5
(50,753)
(126,635)
Net current assets
107,658
72,649
Total assets less current liabilities
133,536
78,821
Provisions for liabilities
(6,296)
(1,173)
Net assets
127,240
77,648
Capital and reserves
Called up share capital
50
50
Profit and loss reserves
127,190
77,598
Total equity
127,240
77,648

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

REGENCY PLASTERING LIMITED (REGISTERED NUMBER: 03246540)
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2024
30 September 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 13 November 2024 and are signed on its behalf by:
P M Brown
Director
REGENCY PLASTERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
1
Accounting policies
Company information

Regency Plastering Limited is a private company limited by shares incorporated in England and Wales. The registered office is Pinden End Farm, Canada Farm Road, Dartford, Kent, DA2 8EA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention.

1.2
Turnover

Turnover is recognised at the fair value of consideration received or receivable for the goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. The following criteria must also be met before turnover is recognised.

Turnover for the sale of goods is recognised when all of the following conditions are met:

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
20% straight line
Motor vehicles
25% straight line
1.4
Stocks

Work in progress is valued at the lower of cost and net realisable value.

 

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

REGENCY PLASTERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
6
6
REGENCY PLASTERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 5 -
3
Tangible fixed assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 October 2023
88,825
64,093
152,918
Additions
-
0
28,000
28,000
Disposals
-
0
(35,244)
(35,244)
At 30 September 2024
88,825
56,849
145,674
Depreciation and impairment
At 1 October 2023
87,840
58,906
146,746
Depreciation charged in the year
565
7,729
8,294
Eliminated in respect of disposals
-
0
(35,244)
(35,244)
At 30 September 2024
88,405
31,391
119,796
Carrying amount
At 30 September 2024
420
25,458
25,878
At 30 September 2023
985
5,187
6,172
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
5,500
Other debtors
9,813
28,396
9,813
33,896
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
6,912
111,722
Taxation and social security
38,092
10,651
Other creditors
5,749
4,262
50,753
126,635
2024-09-302023-10-01falsefalse13 November 2024CCH SoftwareCCH Accounts Production 2024.301No description of principal activityP M Brown EsqMr R Lepavoux032465402023-10-012024-09-30032465402024-09-30032465402023-09-3003246540core:PlantMachinery2024-09-3003246540core:MotorVehicles2024-09-3003246540core:PlantMachinery2023-09-3003246540core:MotorVehicles2023-09-3003246540core:CurrentFinancialInstrumentscore:WithinOneYear2024-09-3003246540core:CurrentFinancialInstrumentscore:WithinOneYear2023-09-3003246540core:CurrentFinancialInstruments2024-09-3003246540core:CurrentFinancialInstruments2023-09-3003246540core:ShareCapital2024-09-3003246540core:ShareCapital2023-09-3003246540core:RetainedEarningsAccumulatedLosses2024-09-3003246540core:RetainedEarningsAccumulatedLosses2023-09-3003246540bus:Director12023-10-012024-09-3003246540core:PlantMachinery2023-10-012024-09-3003246540core:MotorVehicles2023-10-012024-09-30032465402022-10-012023-09-3003246540core:PlantMachinery2023-09-3003246540core:MotorVehicles2023-09-30032465402023-09-3003246540core:WithinOneYear2024-09-3003246540core:WithinOneYear2023-09-3003246540bus:PrivateLimitedCompanyLtd2023-10-012024-09-3003246540bus:SmallCompaniesRegimeForAccounts2023-10-012024-09-3003246540bus:FRS1022023-10-012024-09-3003246540bus:AuditExemptWithAccountantsReport2023-10-012024-09-3003246540bus:Director22023-10-012024-09-3003246540bus:FullAccounts2023-10-012024-09-30xbrli:purexbrli:sharesiso4217:GBP