Regal Products Limited - Abbreviated accounts 16.3
Regal Products Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2016 |
| FOR |
| REGAL PRODUCTS LIMITED |
| TRADING AS |
| PAXTON TRAILERS AND |
| WHITEMOSS GARDEN EQUIPMENT |
| REGAL PRODUCTS LIMITED (REGISTERED NUMBER: 05892499) |
| TRADING AS PAXTON TRAILERS AND |
| WHITEMOSS GARDEN EQUIPMENT |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 30 APRIL 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| REGAL PRODUCTS LIMITED |
| TRADING AS PAXTON TRAILERS AND |
| WHITEMOSS GARDEN EQUIPMENT |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 APRIL 2016 |
| DIRECTORS: |
| SECRETARIES: |
| Mrs J Olesen |
| Mrs U Van Leeuwen-Hill |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| BANKERS: |
| REGAL PRODUCTS LIMITED (REGISTERED NUMBER: 05892499) |
| TRADING AS PAXTON TRAILERS AND |
| WHITEMOSS GARDEN EQUIPMENT |
| ABBREVIATED BALANCE SHEET |
| 30 APRIL 2016 |
| 30.4.16 | 30.4.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| REGAL PRODUCTS LIMITED (REGISTERED NUMBER: 05892499) |
| TRADING AS PAXTON TRAILERS AND |
| WHITEMOSS GARDEN EQUIPMENT |
| ABBREVIATED BALANCE SHEET - continued |
| 30 APRIL 2016 |
| The financial statements were approved by the Board of Directors on |
| REGAL PRODUCTS LIMITED (REGISTERED NUMBER: 05892499) |
| TRADING AS PAXTON TRAILERS AND |
| WHITEMOSS GARDEN EQUIPMENT |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 30 APRIL 2016 |
| 1. | ACCOUNTING POLICIES |
| 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 |
| Turnover represents invoiced sales of goods excluding Value Added Tax. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of a business in 2008 was being amortised |
| evenly over its estimated useful life of five years. |
| Tangible fixed assets |
| Plant and machinery | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 May 2015 |
| and 30 April 2016 |
| AMORTISATION |
| At 1 May 2015 |
| and 30 April 2016 |
| NET BOOK VALUE |
| At 30 April 2016 |
| At 30 April 2015 |
| REGAL PRODUCTS LIMITED (REGISTERED NUMBER: 05892499) |
| TRADING AS PAXTON TRAILERS AND |
| WHITEMOSS GARDEN EQUIPMENT |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2016 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 May 2015 |
| Additions |
| At 30 April 2016 |
| DEPRECIATION |
| At 1 May 2015 |
| Charge for year |
| At 30 April 2016 |
| NET BOOK VALUE |
| At 30 April 2016 |
| At 30 April 2015 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.4.16 | 30.4.15 |
| value: | £ | £ |
| Ordinary | £1 |
| "A" Ordinary | £1 |
| 250 | 250 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 30 April 2016 and |
| 30 April 2015: |
| 30.4.16 | 30.4.15 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) | ( |
) |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) | ( |
) |
| REGAL PRODUCTS LIMITED (REGISTERED NUMBER: 05892499) |
| TRADING AS PAXTON TRAILERS AND |
| WHITEMOSS GARDEN EQUIPMENT |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2016 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) | ( |
) |
| The loans are unsecured and repayable on demand. |
| The loans are interest free, subject to any ad-hoc agreement by the the directors to pay an agreed amount where |
| any one director has a higher balance for a given period of time. |