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REGISTERED NUMBER: 01572098 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Regis Fabrics Limited

Regis Fabrics Limited (Registered number: 01572098)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Regis Fabrics Limited

Company Information
for the year ended 30 June 2024







DIRECTORS: Mrs G F Bellamy
A H Bellamy





SECRETARY: Mrs G F Bellamy





REGISTERED OFFICE: Northern Court
Vernon Road
New Basford
Nottingham
Nottinghamshire
NG6 0BJ





REGISTERED NUMBER: 01572098 (England and Wales)





ACCOUNTANTS: Clayton & Brewill
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

Regis Fabrics Limited (Registered number: 01572098)

Abridged Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 294,936 311,261

CURRENT ASSETS
Stocks 217,503 289,324
Debtors 48,494 82,652
Cash at bank 280,168 439,284
546,165 811,260
CREDITORS
Amounts falling due within one year 88,030 107,049
NET CURRENT ASSETS 458,135 704,211
TOTAL ASSETS LESS CURRENT
LIABILITIES

753,071

1,015,472

CREDITORS
Amounts falling due after more than one
year

-

32,774
NET ASSETS 753,071 982,698

CAPITAL AND RESERVES
Called up share capital 6 8,960 8,960
Revaluation reserve 7 143,747 144,661
Capital redemption reserve 320 320
Retained earnings 600,044 828,757
SHAREHOLDERS' FUNDS 753,071 982,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Regis Fabrics Limited (Registered number: 01572098)

Abridged Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





Mrs G F Bellamy - Director


Regis Fabrics Limited (Registered number: 01572098)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Regis Fabrics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - equally over remaining term of lease
Plant and machinery etc - 33% on reducing balance, 25% reducing balance and 15% per annum straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Regis Fabrics Limited (Registered number: 01572098)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 July 2023
and 30 June 2024 1,037,390
DEPRECIATION
At 1 July 2023 726,129
Charge for year 16,325
At 30 June 2024 742,454
NET BOOK VALUE
At 30 June 2024 294,936
At 30 June 2023 311,261

Cost or valuation at 30 June 2024 is represented by:

Totals
£   
Valuation in 2015 75,974
Cost 961,416
1,037,390

Regis Fabrics Limited (Registered number: 01572098)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Included in the cost of land and buildings is leasehold land of £81,814 (2023 - £81,814) which is not depreciated.

If leasehold property had not been revalued it would have been included at the following historical cost:

20242023
£   £   
Cost186,115186,115
Aggregate depreciation74,86373,839

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST OR VALUATION
At 1 July 2023
and 30 June 2024 71,249
DEPRECIATION
At 1 July 2023 31,172
Charge for year 10,020
At 30 June 2024 41,192
NET BOOK VALUE
At 30 June 2024 30,057
At 30 June 2023 40,077

5. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 32,774 45,856

Amounts due under hire purchase agreements are secured on the assets to which they relate.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
8,960 Ordinary £1 8,960 8,960

Regis Fabrics Limited (Registered number: 01572098)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

7. RESERVES
Revaluation
reserve
£   
At 1 July 2023 144,661
Revaluation reserve transfer (914 )

At 30 June 2024 143,747

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
A H Bellamy
Balance outstanding at start of year 8,471 -
Amounts repaid (8,471 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 8,471