Abbreviated Company Accounts - REGALWORLD LIMITED

REGALWORLD LIMITED - Company Information

03996823 REGALWORLD LIMITED 2013-10-31 false 2012-11-01 2013-10-31 true 03996823 2012-11-01 2013-10-31 03996823 2013-10-31 03996823 2012-10-31 03996823 uk-gaap-cd-bus:Director1 2012-11-01 2013-10-31 03996823 uk-gaap-cd-bus:Director2 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-10-31 iso4217:GBP shares

Registered Number 03996823

REGALWORLD LIMITED

Abbreviated Accounts

31 October 2013

REGALWORLD LIMITED Registered Number 03996823

Abbreviated Balance Sheet as at 31 October 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	1,562,416	1,685,285
		1,562,416	1,685,285
Current assets
Debtors		3,369	10,160
		3,369	10,160
Creditors: amounts falling due within one year		(1,825,883)	(1,697,161)
Net current assets (liabilities)		(1,822,514)	(1,687,001)
Total assets less current liabilities		(260,098)	(1,716)
Total net assets (liabilities)		(260,098)	(1,716)
Capital and reserves
Called up share capital	3	1,175,002	1,175,002
Profit and loss account		(1,435,100)	(1,176,718)
Shareholders' funds		(260,098)	(1,716)

For the year ending 31 October 2013 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 30 July 2014

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 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements 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

2Tangible fixed assets

	£
Cost
At 1 November 2012	2,414,415
Additions	16,054
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2013	2,430,469
Depreciation
At 1 November 2012	729,130
Charge for the year	138,923
On disposals	-
At 31 October 2013	868,053
Net book values
At 31 October 2013	1,562,416
At 31 October 2012	1,685,285

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

	2013 £	2012 £
1,175,002 Ordinary shares of £1 each	1,175,002	1,175,002