Regis Training Company Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02836263 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST JULY 2016

FOR

REGIS TRAINING COMPANY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D P Cousens

Mrs S R Cousens

Mrs P M Misselbrook

SECRETARY:

D P Cousens

REGISTERED OFFICE:

Sussex Business Village

Lake Lane

Barnham

West Sussex

PO22 0AL

REGISTERED NUMBER:

02836263 (England and Wales)

ACCOUNTANTS:

Bromley Clackett Limited

76 Aldwick Road

Bognor Regis

West Sussex

PO21 2PE

FIXED ASSETS

Tangible assets

2

5,341

6,284

Investments

3

1,000

6,341

7,284

CURRENT ASSETS

Stocks

26,734

Debtors

20,782

70,375

Cash at bank

8,553

9,220

56,069

106,329

CREDITORS

Amounts falling due within one year

61,953

69,187

NET CURRENT (LIABILITIES)/ASSETS

(5,884

)

37,142

TOTAL ASSETS LESS CURRENT
LIABILITIES

457

44,426

CAPITAL AND RESERVES

Called up share capital

4

1,000

Other reserves

(250,000

)

(250,000

)

Profit and loss account

249,457

293,426

SHAREHOLDERS' FUNDS

457

44,426

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 27th April 2017 and were signed on its behalf by:

D P Cousens - Director

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).

Preparation of consolidated financial statements

The financial statements contain information about Regis Training Company Limited as an individual company and do not

contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of

the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents net amounts receivable for the sale of goods and services excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st August 2015

and 31st July 2016

95,185

DEPRECIATION

At 1st August 2015

88,901

Charge for year

943

At 31st July 2016

89,844

NET BOOK VALUE

At 31st July 2016

5,341

At 31st July 2015

6,284

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1st August 2015

and 31st July 2016

1,000

NET BOOK VALUE

At 31st July 2016

1,000

At 31st July 2015

1,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

18,500

Ordinary "A" shares

£0.05

925

1,500

Ordinary "B" shares

£0.05

75

1,000