Company Registration No. 12152295 (England and Wales)
Regency Network Ltd
Unaudited accounts
for the year ended 31 August 2024
Regency Network Ltd
Unaudited accounts
Contents
Regency Network Ltd
Company Information
for the year ended 31 August 2024
Directors
Mr. Sol Smith
Mr. Christopher Anthony Hurst-Baxter
Company Number
12152295 (England and Wales)
Registered Office
17-19 St Georges Street
Norwich
Norfolk
NR3 1AB
Accountants
Together Accounting Limited
17-19 St Georges Street
Norwich
Norfolk
NR3 1AB
Regency Network Ltd
Accountants' report
Accountants' report to the board of directors of Regency Network Ltd on the preparation of the unaudited statutory accounts for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Regency Network Ltd for the year ended
31 August 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Regency Network Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Regency Network Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Regency Network Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Regency Network Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Regency Network Ltd. You consider that Regency Network Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Regency Network Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Together Accounting Limited
17-19 St Georges Street
Norwich
Norfolk
NR3 1AB
7 May 2025
Regency Network Ltd
Statement of financial position
as at 31 August 2024
Creditors: amounts falling due within one year
(38,447)
(54,880)
Net current liabilities
(18,337)
(13,622)
Total assets less current liabilities
(18,337)
(13,622)
Creditors: amounts falling due after more than one year
(26,655)
(31,889)
Net liabilities
(44,992)
(45,511)
Called up share capital
6
4
Profit and loss account
(44,998)
(45,515)
Shareholders' funds
(44,992)
(45,511)
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2025 and were signed on its behalf by
Mr. Sol Smith
Director
Company Registration No. 12152295
Regency Network Ltd
Notes to the Accounts
for the year ended 31 August 2024
Regency Network Ltd is a private company, limited by shares, registered in England and Wales, registration number 12152295. The registered office is 17-19 St Georges Street, Norwich, Norfolk, NR3 1AB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Amounts falling due within one year
Trade debtors
9,841
29,621
Deferred tax asset
9,996
10,283
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
34,063
44,651
Loans from directors
1,035
-
Regency Network Ltd
Notes to the Accounts
for the year ended 31 August 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
6 Ordinary shares of £1 each
6
4
Shares issued during the period:
2 Ordinary shares of £1 each
2
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).