Regal Tool Hire Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 09260019

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

REGAL TOOL HIRE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R F Kelly

SECRETARY:

REGISTERED OFFICE:

Regal House

49b Fordham Rd

Soham

Ely

Cambridgeshire

CB7 5AH.

REGISTERED NUMBER:

09260019

ACCOUNTANTS:

Janine Davies

Pendenra

High Street

Brinkley

Newmarket

Suffolk

CB8 0SF

FIXED ASSETS

Tangible assets

2

49,363

3,437

CURRENT ASSETS

Debtors

6,221

2,606

Cash at bank

20,319

14,492

26,540

17,098

CREDITORS

Amounts falling due within one year

76,194

18,801

NET CURRENT LIABILITIES

(49,654

)

(1,703

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(291

)

1,734

CREDITORS

Amounts falling due after more than one year

21,496

-

NET (LIABILITIES)/ASSETS

(21,787

)

1,734

CAPITAL AND RESERVES

Called up share capital

3

1

-

Profit and loss account

(21,788

)

1,734

SHAREHOLDERS' FUNDS

(21,787

)

1,734

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

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

The director acknowledges his 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 director on 15 May 2017 and were signed by:

R F Kelly - 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).

Turnover

Turnover represents net invoiced sales of goods, 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

Deferred tax

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

4,583

Additions

62,380

At 31 October 2016

66,963

DEPRECIATION

At 1 November 2015

1,146

Charge for year

16,454

At 31 October 2016

17,600

NET BOOK VALUE

At 31 October 2016

49,363

At 31 October 2015

3,437

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

1

-