Registered number
08016861
REGALMARK LIMITED
Filleted Accounts
30 April 2024
REGALMARK LIMITED
Registered number: 08016861
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 28,821 13,940
28,821 13,940
Current assets
Stocks 90,667 96,253
Cash at bank and in hand 40,644 17,545
131,311 113,798
Creditors: amounts falling due within one year 4 (89,244) (63,519)
Net current assets 42,067 50,279
Total assets less current liabilities 70,888 64,219
Creditors: amounts falling due after more than one year 5 (21,591) (31,564)
Net assets 49,297 32,655
Capital and reserves
Called up share capital 1 1
Share premium - -
Revaluation reserve - -
Profit and loss account 49,296 32,654
Shareholder's funds 49,297 32,655
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Umut Gundogan
Director
Approved by the board on 11 January 2025
REGALMARK LIMITED
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 8
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 - 9,300 13,557 22,857
Additions - 18,083 - 18,083
Surplus on revaluation - - - -
Disposals - - - -
At 30 April 2024 - 27,383 13,557 40,940
Depreciation
At 1 May 2023 - 4,803 4,114 8,917
Charge for the year - 2,258 944 3,202
Surplus on revaluation - - - -
On disposals - - - -
At 30 April 2024 - 7,061 5,058 12,119
Net book value
At 30 April 2024 - 20,322 8,499 28,821
At 30 April 2023 - 4,497 9,443 13,940
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,010 -
Trade creditors 12,515 808
Taxation and social security costs 68,164 53,236
Director's accounts 6,555 9,475
89,244 63,519
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 21,591 31,564
21,591 31,564
6 Controlling party
Umut Gundogan
7 Other information
REGALMARK LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
691-693 Hollway Road
London
United Kingdom
N19 5SE
REGALMARK LIMITED 08016861 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts July 2024 Umut Gundogan No description of principal activity 08016861 2022-05-01 2023-04-30 08016861 core:WithinOneYear 2023-04-30 08016861 core:AfterOneYear 2023-04-30 08016861 core:ShareCapital 2023-04-30 08016861 core:SharePremium 2023-04-30 08016861 core:OtherReservesSubtotal 2023-04-30 08016861 core:RetainedEarningsAccumulatedLosses 2023-04-30 08016861 2023-05-01 2024-04-30 08016861 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08016861 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 08016861 bus:Director40 2023-05-01 2024-04-30 08016861 2 2023-05-01 2024-04-30 08016861 core:LandBuildings 2023-05-01 2024-04-30 08016861 core:PlantMachinery 2023-05-01 2024-04-30 08016861 core:Vehicles 2023-05-01 2024-04-30 08016861 countries:England 2023-05-01 2024-04-30 08016861 bus:FRS102 2023-05-01 2024-04-30 08016861 bus:FilletedAccounts 2023-05-01 2024-04-30 08016861 2024-04-30 08016861 core:WithinOneYear 2024-04-30 08016861 core:AfterOneYear 2024-04-30 08016861 core:ShareCapital 2024-04-30 08016861 core:SharePremium 2024-04-30 08016861 core:OtherReservesSubtotal 2024-04-30 08016861 core:RetainedEarningsAccumulatedLosses 2024-04-30 08016861 core:LandBuildings 2024-04-30 08016861 core:PlantMachinery 2024-04-30 08016861 core:Vehicles 2024-04-30 08016861 2023-04-30 08016861 core:LandBuildings 2023-04-30 08016861 core:PlantMachinery 2023-04-30 08016861 core:Vehicles 2023-04-30 iso4217:GBP xbrli:pure