Company Registration No. 12491408 (England and Wales)
Regen Electricals Limited
Unaudited accounts
for the year ended 31 March 2024
Regen Electricals Limited
Unaudited accounts
Contents
Regen Electricals Limited
Company Information
for the year ended 31 March 2024
Company Number
12491408 (England and Wales)
Registered Office
Units 1 & 2
Neath Abbey Business Park
Neath
SA10 7DR
Regen Electricals Limited
Statement of financial position
as at 31 March 2024
Tangible assets
4,177
16,332
Cash at bank and in hand
13,104
24,980
Creditors: amounts falling due within one year
(37,362)
(70,321)
Net current assets
43,652
40,958
Total assets less current liabilities
47,829
57,290
Creditors: amounts falling due after more than one year
(9,626)
(14,400)
Called up share capital
1
1
Profit and loss account
38,202
42,889
Shareholders' funds
38,203
42,890
For the year ending 31 March 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 December 2024 and were signed on its behalf by
Carl Lewis
Director
Company Registration No. 12491408
Regen Electricals Limited
Notes to the Accounts
for the year ended 31 March 2024
Regen Electricals Limited is a private company, limited by shares, registered in England and Wales, registration number 12491408. The registered office is Units 1 & 2 , Neath Abbey Business Park , Neath, SA10 7DR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight Line Method - 3 Years
Motor vehicles
Straight Line Method - 3 Years
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2023
12,604
24,738
37,342
Disposals
-
(23,238)
(23,238)
At 31 March 2024
12,604
1,500
14,104
At 1 April 2023
4,226
16,784
21,010
Charge for the year
4,201
208
4,409
On disposals
-
(15,492)
(15,492)
At 31 March 2024
8,427
1,500
9,927
At 31 March 2024
4,177
-
4,177
At 31 March 2023
8,378
7,954
16,332
Regen Electricals Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
32,333
81,394
Accrued income and prepayments
2,905
2,905
Amounts falling due after more than one year
Amounts due from group undertakings etc.
30,672
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,800
4,800
Trade creditors
19,759
30,304
Taxes and social security
7,438
9,227
Loans from directors
-
17,133
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).