Abbreviated Company Accounts - REGALWORLD LIMITED

REGALWORLD LIMITED - Company Information

03996823 REGALWORLD LIMITED 2015-10-31 false 2014-11-01 2015-10-31 true 03996823 2014-11-01 2015-10-31 03996823 2015-10-31 03996823 2014-10-31 03996823 uk-gaap-cd-bus:Director1 2014-11-01 2015-10-31 03996823 uk-gaap-cd-bus:Director2 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 iso4217:GBP shares

Registered Number 03996823

REGALWORLD LIMITED

Abbreviated Accounts

31 October 2015

REGALWORLD LIMITED Registered Number 03996823

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,296,994	1,427,907
		1,296,994	1,427,907
Current assets
Stocks		100,000	100,000
Debtors		10,395	22,297
		110,395	122,297
Creditors: amounts falling due within one year		(2,073,807)	(2,017,370)
Net current assets (liabilities)		(1,963,412)	(1,895,073)
Total assets less current liabilities		(666,418)	(467,166)
Total net assets (liabilities)		(666,418)	(467,166)
Capital and reserves
Called up share capital	3	1,175,002	1,175,002
Profit and loss account		(1,841,420)	(1,642,168)
Shareholders' funds		(666,418)	(467,166)

For the year ending 31 October 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 July 2016

And signed on their behalf by:
A J Fall, Director

REGALWORLD LIMITED Registered Number 03996823

Notes to the Abbreviated Accounts for the period ended 31 October 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

The financial statements have been drawn up on a going concern basis as Mr A J Fall has undertaken to provide on going financial support to allow the company to meet its liabilities as they fall due for the foreseeable future.

Turnover policy
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Farm land and buildings - 2% on cost
Leasehold improvements - in accordance with the property
Plant and machinery - 25% on reducing balance

Other accounting policies
Stocks

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

2Tangible fixed assets

	£
Cost
At 1 November 2014	2,433,069
Additions	5,580
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	2,438,649
Depreciation
At 1 November 2014	1,005,162
Charge for the year	136,493
On disposals	-
At 31 October 2015	1,141,655
Net book values
At 31 October 2015	1,296,994
At 31 October 2014	1,427,907

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1,175,002 Ordinary shares of £1 each	1,175,002	1,175,002