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REGISTERED NUMBER: 11721347 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Regal Fittings Ltd

Regal Fittings Ltd (Registered number: 11721347)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Regal Fittings Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: C R Todhunter





REGISTERED OFFICE: 26 Dinsdale Road
Croft Business Park
Bromborough
Wirral
Merseyside
CH62 3PY





REGISTERED NUMBER: 11721347 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

Regal Fittings Ltd (Registered number: 11721347)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,719 16,717

CURRENT ASSETS
Stocks 2,750 3,275
Debtors 5 750 750
Cash at bank 49,195 52,111
52,695 56,136
CREDITORS
Amounts falling due within one year 6 32,036 32,540
NET CURRENT ASSETS 20,659 23,596
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,378

40,313

CREDITORS
Amounts falling due after more than one
year

7

(7,000

)

(14,671

)

PROVISIONS FOR LIABILITIES (2,241 ) (2,982 )
NET ASSETS 27,137 22,660

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 27,037 22,560
SHAREHOLDERS' FUNDS 27,137 22,660

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 5 November 2024 and were signed by:





C R Todhunter - Director


Regal Fittings Ltd (Registered number: 11721347)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Regal Fittings Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Tools and equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Regal Fittings Ltd (Registered number: 11721347)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Tools and and Motor Computer
equipment fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 10,770 5,000 19,155 400 35,325
Additions - - 3,400 - 3,400
At 31 March 2024 10,770 5,000 22,555 400 38,725
DEPRECIATION
At 1 April 2023 4,026 2,521 11,662 399 18,608
Charge for year 1,012 372 3,014 - 4,398
At 31 March 2024 5,038 2,893 14,676 399 23,006
NET BOOK VALUE
At 31 March 2024 5,732 2,107 7,879 1 15,719
At 31 March 2023 6,744 2,479 7,493 1 16,717

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 16,655
DEPRECIATION
At 1 April 2023 9,551
Charge for year 1,776
At 31 March 2024 11,327
NET BOOK VALUE
At 31 March 2024 5,328
At 31 March 2023 7,104

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 750 750

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 6,000 6,000
Hire purchase contracts 1,638 3,276
Trade creditors 2,101 1,751
Taxation and social security 11,959 10,864
Other creditors 10,338 10,649
32,036 32,540

Regal Fittings Ltd (Registered number: 11721347)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 7,000 13,033
Hire purchase contracts - 1,638
7,000 14,671

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary Shares £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2023 22,560
Profit for the year 23,077
Dividends (18,600 )
At 31 March 2024 27,037

10. RELATED PARTY DISCLOSURES

Included in other creditors at the year end is an amount of £26 owing to the Director and shareholder Mr C Todhunter.

Dividends of £18,600 (31/3/23 - £13,400) were voted in the year to the Director and his family interests.

11. ULTIMATE CONTROLLING PARTY

The controlling party is C R Todhunter.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Regal Fittings Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Regal Fittings Ltd for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Regal Fittings Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Regal Fittings Ltd and state those matters that we have agreed to state to the director of Regal Fittings Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Regal Fittings Ltd and its director for our work or for this report.

It is your duty to ensure that Regal Fittings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Regal Fittings Ltd. You consider that Regal Fittings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Regal Fittings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


Date: .............................................