Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Mr P Hynes 08/03/2019 27 March 2025 no description of principal activity 11870021 2024-03-31 11870021 bus:Director1 2024-03-31 11870021 core:CurrentFinancialInstruments 2024-03-31 11870021 core:CurrentFinancialInstruments 2023-03-31 11870021 2023-03-31 11870021 core:Non-currentFinancialInstruments 2024-03-31 11870021 core:Non-currentFinancialInstruments 2023-03-31 11870021 core:ShareCapital 2024-03-31 11870021 core:ShareCapital 2023-03-31 11870021 core:RetainedEarningsAccumulatedLosses 2024-03-31 11870021 core:RetainedEarningsAccumulatedLosses 2023-03-31 11870021 2023-04-01 2024-03-31 11870021 bus:FilletedAccounts 2023-04-01 2024-03-31 11870021 bus:SmallEntities 2023-04-01 2024-03-31 11870021 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11870021 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11870021 bus:Director1 2023-04-01 2024-03-31 11870021 2022-04-01 2023-03-31 11870021 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 11870021 (England and Wales)

REGENT WORKFORCE SOLUTIONS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

REGENT WORKFORCE SOLUTIONS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

REGENT WORKFORCE SOLUTIONS LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2024
REGENT WORKFORCE SOLUTIONS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTOR Mr P Hynes
REGISTERED OFFICE Room 9 Maxwell Building Elstree Studios
Shenley Road
Borehamwood
WD6 1JG
United Kingdom
COMPANY NUMBER 11870021 (England and Wales)
CHARTERED ACCOUNTANTS GRAVITA III LLP
Aldgate Tower
2 Leman Street
London
E1 8FA
United Kingdom
REGENT WORKFORCE SOLUTIONS LIMITED

BALANCE SHEET

As at 31 March 2024
REGENT WORKFORCE SOLUTIONS LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Current assets
Debtors 3 5,015 1,833
Cash at bank and in hand 200,476 213,923
205,491 215,756
Creditors: amounts falling due within one year 4 ( 151,370) ( 155,593)
Net current assets 54,121 60,163
Total assets less current liabilities 54,121 60,163
Creditors: amounts falling due after more than one year 5 ( 5,000) ( 8,750)
Net assets 49,121 51,413
Capital and reserves
Called-up share capital 100 100
Profit and loss account 49,021 51,313
Total shareholder's funds 49,121 51,413

For the financial 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.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Regent Workforce Solutions Limited (registered number: 11870021) were approved and authorised for issue by the Director on 27 March 2025. They were signed on its behalf by:

Mr P Hynes
Director
REGENT WORKFORCE SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
REGENT WORKFORCE SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Regent Workforce Solutions Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Room 9 Maxwell Building Elstree Studios, Shenley Road, Borehamwood, WD6 1JG, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration receivable for services provided in the normal course of business, and is shown net of VAT.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are classified as debt, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Debtors

2024 2023
£ £
Corporation tax 4,473 1,367
Other debtors 542 466
5,015 1,833

4. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 3,750 3,750
Trade creditors 0 29
Other taxation and social security 0 1,179
Other creditors 147,620 150,635
151,370 155,593

5. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 5,000 8,750

There are no amounts included above in respect of which any security has been given by the small entity.

6. Related party transactions

At the reporting date the company owed £145,000 (2023: £145,000) to a company under common control and £420 (2023: £420) to the director. The amounts are interest free and repayable upon demand