Regal Kitchens Ltd - Accounts to registrar (filleted) - small 18.2

Regal Kitchens Ltd - Accounts to registrar (filleted) - small 18.2

REGAL KITCHENS LTD - Company Information

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REGISTERED NUMBER: 06832945 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2018

FOR

REGAL KITCHENS LTD
REGAL KITCHENS LTD (REGISTERED NUMBER: 06832945)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REGAL KITCHENS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2018







DIRECTOR: N Martin





REGISTERED OFFICE: 2nd Floor Offices
26-28 West Street
Market Square
Rochford
Essex
SS4 1AJ





REGISTERED NUMBER: 06832945 (England and Wales)





ACCOUNTANTS: Howard & Stapleton
2nd Floor Offices
26-28 West Street
Market Square
Rochford
Essex
SS4 1AJ
Page 1
REGAL KITCHENS LTD (REGISTERED NUMBER: 06832945)

BALANCE SHEET
31 JULY 2018

31.7.18 31.7.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,696 4,969

CURRENT ASSETS
Stocks 8,000 21,500
Debtors 5 - 13,750
Cash at bank 81,894 91,515
89,894 126,765
CREDITORS
Amounts falling due within one year 6 54,551 116,384
NET CURRENT ASSETS 35,343 10,381
TOTAL ASSETS LESS CURRENT
LIABILITIES
40,039
15,350

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 39,939 15,250
SHAREHOLDERS' FUNDS 40,039 15,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 notes form part of these financial statements

Page 2
REGAL KITCHENS LTD (REGISTERED NUMBER: 06832945)

BALANCE SHEET - continued
31 JULY 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 27 March 2019 and were signed by:





N Martin - Director


The notes form part of these financial statements

Page 3
REGAL KITCHENS LTD (REGISTERED NUMBER: 06832945)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018


1. STATUTORY INFORMATION

Regal Kitchens Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the fair value of sales to customers, net of discounts, allowances, volume and
promotional rebates and other payments to customers and excludes VAT. Sale of goods are
recognised when the company has delivered product to the customer, the customer has accepted the
products and collectability of the related receivable is reasonably assured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% 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.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss
account in other administrative expenses.

Loans and borrowings are initially recognised at the transaction price including transaction costs.
Subsequently, they are measured at amortised cost using the effective interest rate method, less
impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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 balance sheet date.

Page 4
REGAL KITCHENS LTD (REGISTERED NUMBER: 06832945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2018


2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet 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 6 (2017 - 8 ) .

Page 5
REGAL KITCHENS LTD (REGISTERED NUMBER: 06832945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2018


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2017 21,529
Additions 1,292
At 31 July 2018 22,821
DEPRECIATION
At 1 August 2017 16,560
Charge for year 1,565
At 31 July 2018 18,125
NET BOOK VALUE
At 31 July 2018 4,696
At 31 July 2017 4,969

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.18 31.7.17
£    £   
Trade debtors - 8,750
Other debtors - 5,000
- 13,750

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.18 31.7.17
£    £   
Trade creditors 10,485 36,681
Taxation and social security 24,571 31,050
Other creditors 19,495 48,653
54,551 116,384

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.7.18 31.7.17
value: £    £   
100 Ordinary £1 100 100

Page 6