Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 05369598 Mr Kuldip Sangha iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05369598 2023-02-28 05369598 2024-02-29 05369598 2023-03-01 2024-02-29 05369598 frs-core:CurrentFinancialInstruments 2024-02-29 05369598 frs-core:MotorVehicles 2024-02-29 05369598 frs-core:MotorVehicles 2023-03-01 2024-02-29 05369598 frs-core:MotorVehicles 2023-02-28 05369598 frs-core:PlantMachinery 2024-02-29 05369598 frs-core:PlantMachinery 2023-03-01 2024-02-29 05369598 frs-core:PlantMachinery 2023-02-28 05369598 frs-core:ShareCapital 2024-02-29 05369598 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 05369598 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 05369598 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 05369598 frs-bus:SmallEntities 2023-03-01 2024-02-29 05369598 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 05369598 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 05369598 frs-bus:Director1 2023-03-01 2024-02-29 05369598 frs-countries:EnglandWales 2023-03-01 2024-02-29 05369598 2022-02-28 05369598 2023-02-28 05369598 2022-03-01 2023-02-28 05369598 frs-core:CurrentFinancialInstruments 2023-02-28 05369598 frs-core:ShareCapital 2023-02-28 05369598 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 05369598
Rex Regal Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Dual Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05369598
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 2,299
- 2,299
CURRENT ASSETS
Stocks 5 35,000 31,500
Debtors 6 35,549 27,461
Cash at bank and in hand 35,372 37,493
105,921 96,454
Creditors: Amounts Falling Due Within One Year 7 (78,619 ) (78,414 )
NET CURRENT ASSETS (LIABILITIES) 27,302 18,040
TOTAL ASSETS LESS CURRENT LIABILITIES 27,302 20,339
NET ASSETS 27,302 20,339
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 27,202 20,239
SHAREHOLDERS' FUNDS 27,302 20,339
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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 Kuldip Sangha
Director
27/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Rex Regal Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05369598 . The registered office is 19-20 New Mill Street, Dudley, DY2 8PB.
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 11495
Motor Vehicles 3500
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: NIL)
10 -
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 March 2023 11,495 3,500 14,995
As at 29 February 2024 11,495 3,500 14,995
Depreciation
As at 1 March 2023 9,196 3,500 12,696
Provided during the period 2,299 - 2,299
As at 29 February 2024 11,495 3,500 14,995
...CONTINUED
Page 3
Page 4
Net Book Value
As at 29 February 2024 - - -
As at 1 March 2023 2,299 - 2,299
5. Stocks
2024 2023
£ £
Stock 35,000 -
Materials - 31,500
35,000 31,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 35,549 27,461
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 21,496 10,114
VAT 2,149 1,624
Accruals and deferred income 1,500 2,000
Director's loan account 53,474 64,676
78,619 78,414
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4