Regis Upholstery Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03946494 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

FOR

REGIS UPHOLSTERY LIMITED

Page

Company Information

1

Chartered Certified Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

R W Lloyd

M Silk

A Silk

REGISTERED OFFICE:

661 High Street

Kingswinford

West Midlands

DY6 8AL

REGISTERED NUMBER:

03946494 (England and Wales)

ACCOUNTANTS:

French Ludlam & Co Limited

Mountfield House

661 High Street

Kingswinford

West Midlands

DY6 8AL

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Regis Upholstery Limited for the year ended 31st March 2026 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Regis Upholstery Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Regis Upholstery Limited and state those matters that we have agreed to state to the Board of Directors of Regis Upholstery Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Regis Upholstery Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Regis Upholstery Limited. You consider that Regis Upholstery Limited 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 financial statements of Regis Upholstery Limited. 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 financial statements.

French Ludlam & Co Limited

Mountfield House

661 High Street

Kingswinford

West Midlands

DY6 8AL

12th August 2026

FIXED ASSETS

Tangible assets

4

42,170

53,544

CURRENT ASSETS

Stocks

33,758

34,460

Debtors

5

177,763

194,313

Cash at bank

476

3,259

211,997

232,032

CREDITORS

Amounts falling due within one year

6

157,050

196,741

NET CURRENT ASSETS

54,947

35,291

TOTAL ASSETS LESS CURRENT
LIABILITIES

97,117

88,835

CREDITORS

Amounts falling due after more than one
year

7

(1,396

)

(7,725

)

PROVISIONS FOR LIABILITIES

(10,543

)

(13,386

)

NET ASSETS

85,178

67,724

CAPITAL AND RESERVES

Called up share capital

75

Capital redemption reserve

10

25

Retained earnings

10

85,078

67,624

SHAREHOLDERS' FUNDS

85,178

67,724

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 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.

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

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 12th August 2026 and were signed on its behalf by:

R W Lloyd - Director

1.	STATUTORY INFORMATION

Regis Upholstery 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.

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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

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 16 (2025 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1st April 2025

and 31st March 2026

100,667

16,110

54,239

13,333

184,349

DEPRECIATION

At 1st April 2025

70,771

12,101

36,917

11,016

130,805

Charge for year

5,979

599

4,331

465

11,374

At 31st March 2026

76,750

12,700

41,248

11,481

142,179

NET BOOK VALUE

At 31st March 2026

23,917

3,410

12,991

1,852

42,170

At 31st March 2025

29,896

4,009

17,322

2,317

53,544

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

Plant and

machinery

£

COST

At 1st April 2025

and 31st March 2026

13,995

DEPRECIATION

At 1st April 2025

6,829

Charge for year

1,433

At 31st March 2026

8,262

NET BOOK VALUE

At 31st March 2026

5,733

At 31st March 2025

7,166

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

163,060

179,134

Prepayments

14,703

15,179

177,763

194,313

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

7,580

29,503

Hire purchase contracts (see note 8)

2,791

Trade creditors

32,725

52,582

Tax

65,262

53,697

Social security and other taxes

7,718

5,545

Pension control

279

251

VAT

33,542

43,623

Directors' current accounts

1,230

1,060

Accrued expenses

5,923

7,689

157,050

196,741

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2026

2025

£

Bank loans - 1-2 years

-

3,538

Hire purchase contracts (see note 8)

1,396

4,187

1,396

7,725

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

Net obligations repayable:

Within one year

2,791

Between one and five years

1,396

4,187

6,978

Non-cancellable

operating leases

2026

2025

£

Within one year

3,300

42,300

Between one and five years

12,375

13,200

In more than five years

-

2,475

15,675

57,975

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Bank loans

2,656

13,094

10.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

At 1st April 2025

67,624

25

67,649

Profit for the year

187,254

Dividends

(169,800

)

(169,800

)

At 31st March 2026

85,078

25

85,103

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2026 and 31st March 2025:

2026

2025

£

R W Lloyd

Balance outstanding at start of year

-

5,462

Amounts repaid

-

(5,462

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

M Silk

Balance outstanding at start of year

-

4,870

Amounts repaid

-

(4,870

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

A Silk

Balance outstanding at start of year

-

5,456

Amounts repaid

-

(5,456

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-