2023-08-012024-07-312024-07-31false12089371REGAL SILVER 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REGAL SILVER LTD

Registered Number
12089371
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

REGAL SILVER LTD
Company Information
for the year from 1 August 2023 to 31 July 2024

Directors

Richard Thomas Courcha
Trevor Elsey

Registered Address

Suite L, Kbf House
55 Victoria Road
Burgess Hill
RH15 9LH

Registered Number

12089371 (England and Wales)
REGAL SILVER LTD
Statement of Financial Position
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,5246,963
1,5246,963
Current assets
Debtors50,64742,378
Cash at bank and on hand99,96238,500
150,60980,878
Creditors amounts falling due within one year(103,940)(72,904)
Net current assets (liabilities)46,6697,974
Total assets less current liabilities48,19314,937
Creditors amounts falling due after one year(29,092)(33,572)
Net assets19,101(18,635)
Capital and reserves
Called up share capital100100
Profit and loss account19,001(18,735)
Shareholders' funds19,101(18,635)
The financial statements were approved and authorised for issue by the Board of Directors on 13 January 2025, and are signed on its behalf by:
Richard Thomas Courcha
Director
Trevor Elsey
Director

Registered Company No. 12089371
REGAL SILVER LTD
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 August 2326,070
At 31 July 2426,070
Depreciation and impairment
At 01 August 2319,107
Charge for year5,439
At 31 July 2424,546
Net book value
At 31 July 241,524
At 31 July 236,963