Regulatory Advice Limited

Regulatory Advice Limited

REGULATORY ADVICE LIMITED - Company Information

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1 October 2020 false No description of principal activity Taxfiler 2021.15 12194508business:PrivateLimitedCompanyLtd2020-10-012021-09-30 121945082020-09-30 121945082020-10-012021-09-30 12194508business:AuditExempt-NoAccountantsReport2020-10-012021-09-30 12194508business:FullAccounts2020-10-012021-09-30 121945082021-09-30 12194508business:Director12020-10-012021-09-30 12194508business:Director22020-10-012021-09-30 12194508business:RegisteredOffice2020-10-012021-09-30 121945082020-09-30 12194508core:WithinOneYear2021-09-30 12194508core:WithinOneYear2020-09-30 12194508core:AfterOneYear2021-09-30 12194508core:AfterOneYear2020-09-30 12194508core:ShareCapital2021-09-30 12194508core:ShareCapital2020-09-30 12194508core:RetainedEarningsAccumulatedLosses2021-09-30 12194508core:RetainedEarningsAccumulatedLosses2020-09-30 12194508business:SmallEntities2020-10-012021-09-30 12194508countries:EnglandWales2020-10-012021-09-30 12194508core:ComputerEquipment2020-10-012021-09-30 12194508core:ComputerEquipment2020-09-30 12194508core:ComputerEquipment2021-09-30 121945082019-09-062020-09-30 iso4217:GBP xbrli:pure
Company Registration No. 12194508 (England and Wales)
Regulatory Advice Limited Unaudited accounts for the year ended 30 September 2021
Regulatory Advice Limited Unaudited accounts Contents
Page
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Regulatory Advice Limited Company Information for the year ended 30 September 2021
Directors
Mark Mckenzie Kelly Lourdes Kelly
Company Number
12194508 (England and Wales)
Registered Office
3 Sovereign Place Hatfield Hertfordshire AL9 5ET ENGLAND
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Regulatory Advice Limited Statement of financial position as at 30 September 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,840 
1,152 
Current assets
Debtors
5
2,400 
- 
Cash at bank and in hand
223 
670 
2,623 
670 
Creditors: amounts falling due within one year
6
(3,435)
29,005 
Net current (liabilities)/assets
(812)
29,675 
Total assets less current liabilities
1,028 
30,827 
Creditors: amounts falling due after more than one year
7
- 
(30,000)
Net assets
1,028 
827 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
1,026 
825 
Shareholders' funds
1,028 
827 
For the year ending 30 September 2021 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.
The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2021 and were signed on its behalf by
Mark Mckenzie Kelly Director Company Registration No. 12194508
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Regulatory Advice Limited Notes to the Accounts for the year ended 30 September 2021
1
Statutory information
Regulatory Advice Limited is a private company, limited by shares, registered in England and Wales, registration number 12194508. The registered office is 3 Sovereign Place, Hatfield, Hertfordshire, AL9 5ET, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Computer equipment
25% on reducing balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 October 2020
1,535 
Additions
1,301 
At 30 September 2021
2,836 
Depreciation
At 1 October 2020
383 
Charge for the year
613 
At 30 September 2021
996 
Net book value
At 30 September 2021
1,840 
At 30 September 2020
1,152 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
2,400 
- 
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Regulatory Advice Limited Notes to the Accounts for the year ended 30 September 2021
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
2,480 
1,954 
Taxes and social security
20,934 
28,730 
Loans from directors
(19,979)
(59,689)
3,435 
(29,005)
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
- 
30,000 
8
Average number of employees
During the year the average number of employees was 2 (2020: 2).
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