Acorah Software Products - Accounts Production 16.5.460 false true 29 February 2024 1 March 2023 false 1 March 2024 31 March 2025 31 March 2025 01582226 Mr D J Reynolds Mr T Reynolds iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01582226 2024-02-29 01582226 2025-03-31 01582226 2024-03-01 2025-03-31 01582226 frs-core:CurrentFinancialInstruments 2025-03-31 01582226 frs-core:ComputerEquipment 2025-03-31 01582226 frs-core:ComputerEquipment 2024-03-01 2025-03-31 01582226 frs-core:ComputerEquipment 2024-02-29 01582226 frs-core:FurnitureFittings 2025-03-31 01582226 frs-core:FurnitureFittings 2024-03-01 2025-03-31 01582226 frs-core:FurnitureFittings 2024-02-29 01582226 frs-core:MotorVehicles 2025-03-31 01582226 frs-core:MotorVehicles 2024-03-01 2025-03-31 01582226 frs-core:MotorVehicles 2024-02-29 01582226 frs-core:PlantMachinery 2025-03-31 01582226 frs-core:PlantMachinery 2024-03-01 2025-03-31 01582226 frs-core:PlantMachinery 2024-02-29 01582226 frs-core:ShareCapital 2025-03-31 01582226 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 01582226 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-03-31 01582226 frs-bus:FilletedAccounts 2024-03-01 2025-03-31 01582226 frs-bus:SmallEntities 2024-03-01 2025-03-31 01582226 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-03-31 01582226 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-03-31 01582226 frs-bus:Director1 2024-03-01 2025-03-31 01582226 frs-bus:Director2 2024-03-01 2025-03-31 01582226 frs-core:CurrentFinancialInstruments 1 2025-03-31 01582226 frs-countries:EnglandWales 2024-03-01 2025-03-31 01582226 2023-02-28 01582226 2024-02-29 01582226 2023-03-01 2024-02-29 01582226 frs-core:CurrentFinancialInstruments 2024-02-29 01582226 frs-core:ShareCapital 2024-02-29 01582226 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 01582226 frs-core:CurrentFinancialInstruments 1 2024-02-29
Registered number: 01582226
Regency Recliners Limited
Unaudited Financial Statements
For the Period 1 March 2024 to 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01582226
31 March 2025 29 February 2024
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 6,222 7,978
6,222 7,978
CURRENT ASSETS
Stocks 5 39,358 50,000
Debtors 6 106,263 134,041
Cash at bank and in hand 213,429 154,752
359,050 338,793
Creditors: Amounts Falling Due Within One Year 7 (200,887 ) (193,652 )
NET CURRENT ASSETS (LIABILITIES) 158,163 145,141
TOTAL ASSETS LESS CURRENT LIABILITIES 164,385 153,119
NET ASSETS 164,385 153,119
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 164,285 153,019
SHAREHOLDERS' FUNDS 164,385 153,119
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For the period ending 31 March 2025 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.
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 D J Reynolds
Director
Mr T Reynolds
Director
10 September 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Regency Recliners Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01582226 . The registered office is Unit A2 Chapel Street, Netherton, Dudley, West Midlands, DY2 9PN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting 
Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of  section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true  and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
2.2. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
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:
Plant & Machinery 10% on cost
Motor Vehicles 25% on cost
Fixtures & Fittings 10% on cost
Computer Equipment 25% on cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.5. 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs 
are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are 
received.
Termination benefits are recognised immediately as an expense when the company is demonstrably 
committed to terminate the employment of an employee or to provide termination benefits.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2.7. Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2.8. Reporting Period
These financial statements cover a thirteen month period, and therefore the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable. The reporting period has changed in order to allign the company year end with the tax year end. 
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3. Average Number of Employees
Average number of employees, including directors, during the period was: 16 (2024: 16)
16 16
4. Tangible assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2024 13,583 7,995 414 2,924 24,916
Additions - - - 417 417
As at 31 March 2025 13,583 7,995 414 3,341 25,333
Depreciation
As at 1 March 2024 6,942 7,995 41 1,960 16,938
Provided during the period 1,472 - 45 656 2,173
As at 31 March 2025 8,414 7,995 86 2,616 19,111
Net Book Value
As at 31 March 2025 5,169 - 328 725 6,222
As at 1 March 2024 6,641 - 373 964 7,978
5. Stocks
31 March 2025 29 February 2024
£ £
Stock 39,358 50,000
6. Debtors
31 March 2025 29 February 2024
£ £
Due within one year
Trade debtors 96,200 127,350
Other debtors - 1,267
Prepayments and accrued income 10,063 5,424
106,263 134,041
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7. Creditors: Amounts Falling Due Within One Year
31 March 2025 29 February 2024
£ £
Trade creditors 143,067 107,883
Amounts owed to group undertakings 5,825 5,825
Other creditors 5,996 6,233
Taxation and social security 45,999 73,711
200,887 193,652
8. Share Capital
31 March 2025 29 February 2024
£ £
Allotted, Called up and fully paid 100 100
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