| Rgcy Ltd |
| Notes to the Accounts |
| for the year ended 28 February 2026 |
|
|
| 1 |
Accounting policies |
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Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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Stocks |
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Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
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Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
1 |
|
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|
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| 3 |
Tangible fixed assets |
|
|
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|
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|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 March 2025 |
1,410 |
|
Additions |
3,414 |
|
At 28 February 2026 |
4,824 |
|
|
|
|
|
|
|
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|
|
Depreciation |
|
At 1 March 2025 |
282 |
|
Charge for the year |
908 |
|
At 28 February 2026 |
1,190 |
|
|
|
|
|
|
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|
|
|
Net book value |
|
At 28 February 2026 |
3,634 |
|
At 28 February 2025 |
1,128 |
|
|
| 4 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Other debtors |
2,293 |
|
2,293 |
|
|
|
|
|
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|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Taxation and social security costs |
3,370 |
|
11,370 |
|
Other creditors |
3,375 |
|
8,580 |
|
|
|
|
|
|
6,745 |
|
19,950 |
|
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| 6 |
Controlling party |
|
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The details of shareholding as follows: Company director Mr Rojdan A. Gul holds 50 ordinary shares and Mr Cem K. Yildiz owns 50 ordinay shares out of all issued share capital. |
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| 7 |
Other information |
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Rgcy Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
8 Clock House Parade |
|
North Circular Road |
|
London |
|
N13 6BG |