Regalcomm Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07908363 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2019

for

Regalcomm Limited

Trading as

The Communications Group

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Richard Garton

REGISTERED OFFICE:

119 The Hub

300 Kensal Road

London

W10 5BE

REGISTERED NUMBER:

07908363 (England and Wales)

ACCOUNTANT:

Hilton Consulting Limited

119 The Hub

300 Kensal Road

London

W10 5BE

FIXED ASSETS

Intangible assets

4

1,500

2,000

Tangible assets

5

5,643

9,795

7,143

11,795

CURRENT ASSETS

Stocks

129,695

104,522

Debtors

4,373

4,743

Cash at bank

2

1

134,070

109,266

CREDITORS

Amounts falling due within one year

87,166

93,772

NET CURRENT ASSETS

46,904

15,494

TOTAL ASSETS LESS CURRENT LIABILITIES

54,047

27,289

CREDITORS

Amounts falling due after more than one year

13,223

17,143

NET ASSETS

40,824

10,146

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

40,823

10,145

SHAREHOLDERS' FUNDS

40,824

10,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 January 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 October 2019 and were signed by:

Mr Richard Garton - Director

1.	STATUTORY INFORMATION

Regalcomm Limited 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing

stocks to their present location and condition.

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 5 (2018 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2018

and 31 January 2019

5,000

AMORTISATION

At 1 February 2018

3,000

Amortisation for year

500

At 31 January 2019

3,500

NET BOOK VALUE

At 31 January 2019

1,500

At 31 January 2018

2,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2018

and 31 January 2019

43,611

DEPRECIATION

At 1 February 2018

33,816

Charge for year

4,152

At 31 January 2019

37,968

NET BOOK VALUE

At 31 January 2019

5,643

At 31 January 2018

9,795

6.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr Richard Garton.