Company Registration No. 02576072 (England and Wales)
REGAL TRADING (U.K.) LIMITED
Unaudited accounts
for the year ended 31 March 2022
REGAL TRADING (U.K.) LIMITED
Unaudited accounts
Contents
REGAL TRADING (U.K.) LIMITED
Company Information
for the year ended 31 March 2022
Directors
Timothy Russell Slade
Martin Keith Slade
Company Number
02576072 (England and Wales)
Registered Office
PROJECT H LTD BEADLE HOUSE
BULL PLAIN
HERTFORD
HERTFORDSHIRE
SG14 1DT
ENGLAND
Accountants
Project H Limited Accountants
Beadle House
Bull Plain
Hertford
Hertfordshire
SG14 1DT
REGAL TRADING (U.K.) LIMITED
Statement of financial position
as at
31 March 2022
Intangible assets
2,884
3,205
Tangible assets
10,268
12,693
Inventories
51,907
68,002
Cash at bank and in hand
74,758
80,244
Creditors: amounts falling due within one year
(31,880)
(66,728)
Net current assets
99,661
86,205
Total assets less current liabilities
112,813
102,103
Creditors: amounts falling due after more than one year
(41,500)
(45,834)
Provisions for liabilities
Deferred tax
(1,772)
(1,864)
Called up share capital
8
8
Profit and loss account
69,533
54,397
Shareholders' funds
69,541
54,405
For the year ending 31 March 2022 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 11 September 2022 and were signed on its behalf by
Timothy Russell Slade
Director
Company Registration No. 02576072
REGAL TRADING (U.K.) LIMITED
Notes to the Accounts
for the year ended 31 March 2022
REGAL TRADING (U.K.) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02576072. The registered office is PROJECT H LTD BEADLE HOUSE, BULL PLAIN, HERTFORD, HERTFORDSHIRE, SG14 1DT, ENGLAND.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25%, reducing balance
Fixtures & fittings
15%, reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation and written down over 25 years
4
Intangible fixed assets
Other
REGAL TRADING (U.K.) LIMITED
Notes to the Accounts
for the year ended 31 March 2022
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2021
22,157
9,862
32,019
Disposals
(22,157)
-
(22,157)
At 31 March 2022
9,950
9,862
19,812
At 1 April 2021
10,570
8,756
19,326
Charge for the year
1,347
166
1,513
On disposals
(11,295)
-
(11,295)
At 31 March 2022
622
8,922
9,544
At 31 March 2022
9,328
940
10,268
At 31 March 2021
11,587
1,106
12,693
Amounts falling due within one year
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
1,000
4,167
Trade creditors
13,329
28,353
Taxes and social security
16,678
29,503
Loans from directors
-
4,705
During the year the directors entered into the following advances and credits with the company:
MR T SLADE: 2022 (£2,350) , 2021 (£1,706)
MR M SLADE : 2022 (£2,350) , 2021 (£1.706)
8
Creditors: amounts falling due after more than one year
2022
2021
9
Average number of employees
During the year the average number of employees was 4 (2021: 5).