Regency Renovations (UK) Limited
for the Year Ended 31 October 2022
Registration number:
Regency Renovations (UK) Limited
Contents
Company Information |
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Accountants' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
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Detailed Profit and Loss Account |
Regency Renovations (UK) Limited
Company Information
Director |
Mr DJ Warren |
Registered office |
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Accountants |
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Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Regency Renovations (UK) Limited
for the Year Ended 31 October 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Regency Renovations (UK) Limited for the year ended 31 October 2022 as set out on pages 3 to 4 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Regency Renovations (UK) Limited, as a body, in accordance with the terms of our engagement letter dated 4 August 2020. Our work has been undertaken solely to prepare for your approval the accounts of Regency Renovations (UK) Limited and state those matters that we have agreed to state to the Board of Directors of Regency Renovations (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Regency Renovations (UK) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Regency Renovations (UK) Limited 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 Renovations (UK) Limited. You consider that Regency Renovations (UK) 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 accounts of Regency Renovations (UK) 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 accounts.
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Chartered Accountants
Tiverton
Devon
EX16 6NL
Regency Renovations (UK) Limited
(Registration number: 07028293)
Balance Sheet as at 31 October 2022
2022 |
2021 |
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Fixed assets |
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Current assets |
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Creditors: Amounts falling due within one year |
( |
( |
Net current liabilities |
( |
( |
Total assets less current liabilities |
( |
( |
Creditors: Amounts falling due after more than one year |
( |
( |
Accruals and deferred income |
( |
( |
( |
( |
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Capital and reserves |
( |
( |
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Related party transactions |
Transactions with the director |
2022 |
At 1 November 2021 |
Advances to director |
Repayments by director |
At 31 October 2022 |
Mr DJ Warren |
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Loan to director charged at official rate of interest |
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( |
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Regency Renovations (UK) Limited
(Registration number: 07028293)
Balance Sheet as at 31 October 2022
2021 |
At 1 November 2020 |
Advances to director |
Repayments by director |
At 31 October 2021 |
Mr DJ Warren |
||||
Loan to director charged at official rate of interest |
|
|
( |
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For the financial year ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved and authorised by the
......................................... |
Regency Renovations (UK) Limited
Detailed Profit and Loss Account for the Year Ended 31 October 2022
2022 |
2021 |
|
Turnover (analysed below) |
24,776 |
77,385 |
Cost of sales (analysed below) |
(6,925) |
(70,319) |
Gross profit |
17,851 |
7,066 |
Gross profit (%) |
72.05% |
9.13% |
Administrative expenses |
||
Employment costs (analysed below) |
(1,000) |
(7,552) |
Establishment costs (analysed below) |
(5,345) |
(6,887) |
General administrative expenses (analysed below) |
(4,024) |
(9,658) |
Finance charges (analysed below) |
(2,620) |
(2,669) |
Depreciation costs (analysed below) |
(547) |
(730) |
Other expenses (analysed below) |
- |
7,500 |
(13,536) |
(19,996) |
|
Other operating income (analysed below) |
- |
5,077 |
Operating profit/(loss) |
4,315 |
(7,853) |
Other interest receivable and similar income (analysed below) |
662 |
595 |
Interest payable and similar expenses (analysed below) |
(896) |
(998) |
(234) |
(403) |
|
Profit/(loss) before tax |
4,081 |
(8,256) |
Regency Renovations (UK) Limited
Detailed Profit and Loss Account for the Year Ended 31 October 2022
2022 |
2021 |
Turnover |
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Sales |
24,776 |
77,385 |
Cost of sales |
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Opening stock |
2,000 |
2,000 |
Purchases |
46 |
32,644 |
Direct costs |
- |
37 |
Closing stock |
- |
(2,000) |
Wages and salaries |
4,780 |
37,130 |
Staff pensions (Defined contribution) |
99 |
508 |
6,925 |
70,319 |
Employment costs |
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Directors remuneration |
- |
4,539 |
Directors pensions (Defined contribution) |
1,000 |
3,000 |
Staff welfare |
- |
13 |
1,000 |
7,552 |
Establishment costs |
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Rent and rates |
5,000 |
5,000 |
Light, heat and power |
39 |
222 |
Insurance |
213 |
1,613 |
Repairs and renewals |
93 |
52 |
5,345 |
6,887 |
General administrative expenses |
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Telephone and fax |
1,195 |
2,133 |
Office expenses |
- |
10 |
Computer software and maintenance costs |
190 |
582 |
Trade subscriptions |
35 |
623 |
Sundry expenses |
41 |
46 |
Cleaning |
- |
3 |
Motor expenses |
708 |
4,811 |
Travel and subsistence |
17 |
113 |
Advertising |
70 |
225 |
Accountancy fees |
1,638 |
998 |
Consultancy fees |
130 |
114 |
4,024 |
9,658 |
Finance charges |
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Bank charges |
1,938 |
1,816 |
Credit card charges |
682 |
853 |
2,620 |
2,669 |
Regency Renovations (UK) Limited
Detailed Profit and Loss Account for the Year Ended 31 October 2022
2022 |
2021 |
Depreciation costs |
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Depreciation of motor vehicles (finance lease/hp) |
547 |
730 |
Other expenses |
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(Profit)/loss on disposal of tangible fixed assets |
- |
7,500 |
Other operating income |
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Government grants receivable |
- |
5,077 |
Other interest receivable and similar income |
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Other interest receivable |
662 |
595 |
Interest payable and similar expenses |
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Bank loan interest payable |
896 |
998 |