Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 10617274 Mr Hurry Simon Mr Lee Martin Spinks Mrs Rebecca Hurry Mrs Jane Fackrell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10617274 2023-02-28 10617274 2024-02-28 10617274 2023-03-01 2024-02-28 10617274 frs-core:CurrentFinancialInstruments 2024-02-28 10617274 frs-core:Non-currentFinancialInstruments 2024-02-28 10617274 frs-core:BetweenOneFiveYears 2024-02-28 10617274 frs-core:ComputerEquipment 2024-02-28 10617274 frs-core:ComputerEquipment 2023-03-01 2024-02-28 10617274 frs-core:ComputerEquipment 2023-02-28 10617274 frs-core:FurnitureFittings 2024-02-28 10617274 frs-core:FurnitureFittings 2023-03-01 2024-02-28 10617274 frs-core:FurnitureFittings 2023-02-28 10617274 frs-core:PlantMachinery 2024-02-28 10617274 frs-core:PlantMachinery 2023-03-01 2024-02-28 10617274 frs-core:PlantMachinery 2023-02-28 10617274 frs-core:ShareCapital 2024-02-28 10617274 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 10617274 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 10617274 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 10617274 frs-bus:SmallEntities 2023-03-01 2024-02-28 10617274 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 10617274 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 10617274 frs-bus:Director1 2023-03-01 2024-02-28 10617274 frs-bus:Director2 2023-03-01 2024-02-28 10617274 frs-bus:Director3 2023-03-01 2024-02-28 10617274 frs-bus:CompanySecretary1 2023-03-01 2024-02-28 10617274 frs-countries:EnglandWales 2023-03-01 2024-02-28 10617274 2022-02-28 10617274 2023-02-28 10617274 2022-03-01 2023-02-28 10617274 frs-core:CurrentFinancialInstruments 2023-02-28 10617274 frs-core:Non-currentFinancialInstruments 2023-02-28 10617274 frs-core:BetweenOneFiveYears 2023-02-28 10617274 frs-core:ShareCapital 2023-02-28 10617274 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 10617274
Regency Recycle Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10617274
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 43,697 88,492
43,697 88,492
CURRENT ASSETS
Debtors 5 100,653 103,099
Cash at bank and in hand 40,652 -
141,305 103,099
Creditors: Amounts Falling Due Within One Year 6 (118,683 ) (95,398 )
NET CURRENT ASSETS (LIABILITIES) 22,622 7,701
TOTAL ASSETS LESS CURRENT LIABILITIES 66,319 96,193
Creditors: Amounts Falling Due After More Than One Year 7 (119,823 ) (117,488 )
NET LIABILITIES (53,504 ) (21,295 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (53,604 ) (21,395 )
SHAREHOLDERS' FUNDS (53,504) (21,295)
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For the year ending 28 February 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Lee Martin Spinks
Director
27/11/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Regency Recycle Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10617274 . The registered office is Hare Hill Cottage, Hookwood Park, Oxted, United Kingdom, RH8 0SG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Straight line depreciation - 20%
Fixtures & Fittings Straight line depreciation - 10%
Computer Equipment Straight line depreciation - 20%
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 297,759 160 1,383 299,302
Additions 33,365 - - 33,365
Disposals (20,922 ) - - (20,922 )
As at 28 February 2024 310,202 160 1,383 311,745
Depreciation
As at 1 March 2023 209,512 96 1,202 210,810
Provided during the period 62,040 16 181 62,237
Disposals (4,999 ) - - (4,999 )
As at 28 February 2024 266,553 112 1,383 268,048
Net Book Value
As at 28 February 2024 43,649 48 - 43,697
As at 1 March 2023 88,247 64 181 88,492
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 78,555 94,726
Other debtors 22,098 8,373
100,653 103,099
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 94,868 75,135
Bank loans and overdrafts 6,779 3,649
VAT 11,772 16,614
Other creditors 5,264 -
118,683 95,398
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 92,195 79,069
Bank loans 27,628 38,419
119,823 117,488
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8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 92,195 79,069
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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