Acorah Software Products - Accounts Production 16.1.200 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 06720015 Mr N S Buckthorpe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06720015 2023-05-31 06720015 2024-05-31 06720015 2023-06-01 2024-05-31 06720015 frs-core:CurrentFinancialInstruments 2024-05-31 06720015 frs-core:Non-currentFinancialInstruments 2024-05-31 06720015 frs-core:ComputerEquipment 2024-05-31 06720015 frs-core:ComputerEquipment 2023-06-01 2024-05-31 06720015 frs-core:ComputerEquipment 2023-05-31 06720015 frs-core:FurnitureFittings 2024-05-31 06720015 frs-core:FurnitureFittings 2023-06-01 2024-05-31 06720015 frs-core:FurnitureFittings 2023-05-31 06720015 frs-core:ShareCapital 2024-05-31 06720015 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 06720015 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06720015 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 06720015 frs-bus:SmallEntities 2023-06-01 2024-05-31 06720015 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 06720015 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 06720015 frs-bus:Director1 2023-06-01 2024-05-31 06720015 frs-countries:EnglandWales 2023-06-01 2024-05-31 06720015 2022-05-31 06720015 2023-05-31 06720015 2022-06-01 2023-05-31 06720015 frs-core:CurrentFinancialInstruments 2023-05-31 06720015 frs-core:Non-currentFinancialInstruments 2023-05-31 06720015 frs-core:ShareCapital 2023-05-31 06720015 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 06720015
Regent Street Automotive Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06720015
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,120 1,045
1,120 1,045
CURRENT ASSETS
Debtors 5 10,549 594
Cash at bank and in hand 4,275 44,474
14,824 45,068
Creditors: Amounts Falling Due Within One Year 6 (11,834 ) (14,583 )
NET CURRENT ASSETS (LIABILITIES) 2,990 30,485
TOTAL ASSETS LESS CURRENT LIABILITIES 4,110 31,530
Creditors: Amounts Falling Due After More Than One Year 7 (11,233 ) (20,752 )
NET (LIABILITIES)/ASSETS (7,123 ) 10,778
CAPITAL AND RESERVES
Called up share capital 8 300 300
Profit and Loss Account (7,423 ) 10,478
SHAREHOLDERS' FUNDS (7,123) 10,778
Page 1
Page 2
For the year ending 31 May 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 N S Buckthorpe
Director
28th January 2025
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
Regent Street Automotive Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06720015 . The registered office is Meadow Garage , Barton Road, Long Eaton, Nottingham, NG10 2FN.
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.
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:
Fixtures & Fittings 15% reducing balance
Computer Equipment 25% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 4,625 - 4,625
Additions - 300 300
As at 31 May 2024 4,625 300 4,925
Depreciation
As at 1 June 2023 3,580 - 3,580
Provided during the period 156 69 225
As at 31 May 2024 3,736 69 3,805
Net Book Value
As at 31 May 2024 889 231 1,120
As at 1 June 2023 1,045 - 1,045
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,096 -
Other debtors 3,453 594
10,549 594
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 10,229 9,994
Other taxes and social security - 3,090
Other creditors 1,605 1,499
11,834 14,583
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,233 20,752
11,233 20,752
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
9. Related Party Transactions
During the course of the year £3,095 was paid to Danlo Auto Consultants Ltd. £801 was paid to Buckthorpe Limited during the year. These companies are connected via the PSC's.
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