Regency Risk Solutions Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 09354219 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

15TH DECEMBER 2014 TO 31ST MARCH 2016

FOR

REGENCY RISK SOLUTIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P A Twitchett

J T Farrell

REGISTERED OFFICE:

Regency Chambers

Jubilee Way

Bury

BL9 0JW

REGISTERED NUMBER:

09354219 (England and Wales)

ACCOUNTANTS:

Ryans

Chartered Accountants

67 Chorley Old Road

Bolton

BL1 3AJ

BANKERS:

Barclays Bank PLC

1 Central Street

The Rock

Bury

BL9 0JN

FIXED ASSETS

Tangible assets

2

261

CURRENT ASSETS

Debtors

12,681

Cash at bank

598

13,279

CREDITORS

Amounts falling due within one year

57,943

NET CURRENT LIABILITIES

(44,664

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(44,403

)

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

(45,403

)

SHAREHOLDERS' FUNDS

(44,403

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 5th September 2016 and were signed on its behalf by:

J T Farrell - Director

P A Twitchett - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The major part of the company's working capital requirements are provided by a loan from a shareholder which

is repayable on demand. The shareholder has indicated that they will not demand repayment; however no formal

agreement is in place.

The directors, having considered the above, continue to adopt the going concern basis in preparing the financial

statements which assumes that the company will continue in operation for the foreseeable future.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Revenue, described as turnover, represents income from insurance services net of VAT.

Depreciation

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

Computer equipment

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

358

At 31st March 2016

358

DEPRECIATION

Charge for period

97

At 31st March 2016

97

NET BOOK VALUE

At 31st March 2016

261

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1,000

Ordinary

£1

1,000

1,000 Ordinary shares of £1 were issued during the period for cash of £ 1,000 .