REGENCY_BUILDING_&_JOINER - Accounts

REGENCY BUILDING & JOINERY SERVICES LIMITED - Company Information

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Company Registration No. 05815588 (England and Wales)

REGENCY BUILDING & JOINERY SERVICES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2015

REGENCY BUILDING & JOINERY SERVICES LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

REGENCY BUILDING & JOINERY SERVICES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

8,250

9,000

Tangible assets

50,621

42,287

58,871

51,287

Current assets

Stocks

50,081

13,978

Debtors

2,218

2,512

Cash at bank and in hand

38,717

15,047

91,016

31,537

Creditors: amounts falling due within one year

(90,801)

(50,197)

Net current assets/(liabilities)

215

(18,660)

Total assets less current liabilities

59,086

32,627

Provisions for liabilities

(10,125)

(8,458)

48,961

24,169

Capital and reserves

Called up share capital

100

Profit and loss account

48,861

24,069

Shareholders' funds

48,961

24,169

REGENCY BUILDING & JOINERY SERVICES LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MAY 2015

- 2 -

For the financial year ended 31 May 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 14 September 2015

Mr P G Pacey

Director

Company Registration No. 05815588

REGENCY BUILDING & JOINERY SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

15% reducing balance

Computer equipment

25% reducing balance

Motor vehicles

25% reducing balance

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 June 2014

15,000

89,180

104,180

Additions

22,640

At 31 May 2015

15,000

111,820

126,820

Depreciation

At 1 June 2014

6,000

46,893

52,893

Charge for the year

750

14,306

15,056

At 31 May 2015

6,750

61,199

67,949

Net book value

At 31 May 2015

8,250

50,621

58,871

At 31 May 2014

9,000

42,287

51,287

REGENCY BUILDING & JOINERY SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2015

- 4 -

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100