Company Registration No. 04183619 (England and Wales)
REGALWISE LIMITED
Unaudited accounts
for the year ended 31 May 2019
REGALWISE LIMITED
Unaudited accounts
Contents
REGALWISE LIMITED
Company Information
for the year ended 31 May 2019
Directors
Ahmad Fawad Baraky
Mohd Jewad Baraky
Company Number
04183619 (England and Wales)
Registered Office
5 YORK PARADE
BRENTFORD
TW8 9AA
Accountants
Accounts & Finance Consultants Ltd
1000 Great West Road
Brentford
London
Middlesex
TW8 9DW
REGALWISE LIMITED
Statement of financial position
as at 31 May 2019
Tangible assets
138,225
69,901
Cash at bank and in hand
2,658
20,865
Creditors: amounts falling due within one year
(149,252)
(146,236)
Net current liabilities
(98,468)
(77,170)
Total assets less current liabilities
39,757
(7,269)
Creditors: amounts falling due after more than one year
(163,627)
(98,834)
Net liabilities
(123,870)
(106,103)
Called up share capital
99
99
Profit and loss account
(123,969)
(106,202)
Shareholders' funds
(123,870)
(106,103)
For the year ending 31 May 2019 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.
Approved by the Board on 28 February 2020.
Ahmad Fawad Baraky
Director
Company Registration No. 04183619
REGALWISE LIMITED
Notes to the Accounts
for the year ended 31 May 2019
REGALWISE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04183619. The registered office is 5 YORK PARADE, BRENTFORD, TW8 9AA.
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:
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2018
167,011
41,185
208,196
Additions
114,527
-
114,527
At 31 May 2019
281,538
41,185
322,723
At 1 June 2018
96,727
41,568
138,295
Charge for the year
46,203
-
46,203
At 31 May 2019
142,930
41,568
184,498
At 31 May 2019
138,608
(383)
138,225
At 31 May 2018
70,284
(383)
69,901
Trade debtors
48,126
49,522
Accrued income and prepayments
-
(2,591)
REGALWISE LIMITED
Notes to the Accounts
for the year ended 31 May 2019
6
Creditors: amounts falling due within one year
2019
2018
Trade creditors
40,708
38,513
Taxes and social security
2,037
11,259
Other creditors
12,992
(52,109)
Loans from directors
93,515
148,573
7
Creditors: amounts falling due after more than one year
2019
2018
Obligations under finance leases and hire purchase contracts
144,761
98,834
8
Average number of employees
During the year the average number of employees was 6 (2018: 7).
