Reign Beau Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02242018

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Reign Beau Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J H Bottomley

J Bottomley

G J Bottomley

Mrs C J Bottomley

SECRETARY:

Mrs C J Bottomley

REGISTERED OFFICE:

3-2 Sycamore House

Vantage Point Business Village

Mitcheldean

Gloucestershire

GL17 0DD

REGISTERED NUMBER:

02242018

ACCOUNTANTS:

Thorne & Co.

Accountants and Registered Auditors

1 St Mary's Street

Ross-on-Wye

Herefordshire

HR9 5HT

FIXED ASSETS

Tangible assets

4

7,197

9,449

CURRENT ASSETS

Stocks

710,532

619,024

Debtors

5

5,392

9,095

Cash at bank

32,387

33,843

748,311

661,962

CREDITORS

Amounts falling due within one year

6

245,623

202,881

NET CURRENT ASSETS

502,688

459,081

TOTAL ASSETS LESS CURRENT
LIABILITIES

509,885

468,530

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

509,785

468,430

509,885

468,530

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 11 September 2019 and were signed on
its behalf by:

G J Bottomley - Director

1.	STATUTORY INFORMATION

Reign Beau Limited is a private company, limited by shares , registered in Not specified/Other. 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 represents amounts chargeable, net of value added tax, in respect of the sale of goods and

services to customers.

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

-

20% on cost

Fixtures and fittings

-

20% on cost

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 represents the sum of tax currently payable.

The company’s liability for current tax is calculated using tax rates that have been enacted or

substantively enacted by the end of the reporting period.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

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 2 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

COST

At 1 January 2018

3,482

17,257

20,739

Additions

-

315

Disposals

-

(1,038

)

(1,038

)

At 31 December 2018

3,482

16,534

20,016

DEPRECIATION

At 1 January 2018

3,482

7,808

11,290

Charge for year

-

2,567

Eliminated on disposal

-

(1,038

)

(1,038

)

At 31 December 2018

3,482

9,337

12,819

NET BOOK VALUE

At 31 December 2018

-

7,197

At 31 December 2017

-

9,449

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

Trade debtors

4,356

8,822

Prepayments and accrued income

1,036

273

5,392

9,095

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

Trade creditors

13,456

19,123

Corporation tax

21,957

16,214

Social security and other taxes

(593

)

1,014

VAT

4,436

3,466

Directors' current accounts

205,004

161,754

Accruals and deferred income

1,363

1,310

245,623

202,881

Reign Beau Limited - Accounts to registrar (filleted) - small 18.2

Reign Beau Limited - Accounts to registrar (filleted) - small 18.2