Reign Beau Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02242018

Unaudited Financial Statements for the Year Ended 31 December 2017

for

Reign Beau Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J H Bottomley

J Bottomley

G J Bottomley

Mrs C J Bottomley

SECRETARY:

Mrs C J Bottomley

REGISTERED OFFICE:

3-2 Sycamore House

Vantage Point Business Village

Mitcheldean

Gloucestershire

GL17 0DD

REGISTERED NUMBER:

02242018

ACCOUNTANTS:

Thorne & Co.

Accountants and Registered Auditors

1 St Mary's Street

Ross-on-Wye

Herefordshire

HR9 5HT

FIXED ASSETS

Tangible assets

4

9,449

1,163

CURRENT ASSETS

Stocks

619,024

610,844

Debtors

5

9,095

12,400

Cash at bank

33,843

35,339

661,962

658,583

CREDITORS

Amounts falling due within one year

6

202,881

267,532

NET CURRENT ASSETS

459,081

391,051

TOTAL ASSETS LESS CURRENT
LIABILITIES

468,530

392,214

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

468,430

392,114

SHAREHOLDERS' FUNDS

468,530

392,214

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 17 September 2018 and were signed on
its behalf by:

G J Bottomley - Director

1.	STATUTORY INFORMATION

Reign Beau Limited is a private company, limited by shares , registered in Not specified/Other. The

company's registered number and registered office address can be found on the Company Information

page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and

services to customers.

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

-

20% on cost

Fixtures and fittings

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Taxation

Taxation represents the sum of tax currently payable.

The company’s liability for current tax is calculated using tax rates that have been enacted or

substantively enacted by the end of the reporting period.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

COST

At 1 January 2017

3,482

6,460

9,942

Additions

-

10,797

At 31 December 2017

3,482

17,257

20,739

DEPRECIATION

At 1 January 2017

3,482

5,297

8,779

Charge for year

-

2,511

At 31 December 2017

3,482

7,808

11,290

NET BOOK VALUE

At 31 December 2017

-

9,449

At 31 December 2016

-

1,163

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

Trade debtors

8,822

8,074

VAT

-

3,494

Prepayments and accrued income

273

832

9,095

12,400

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

Trade creditors

19,123

55,307

Corporation tax

16,214

30,425

Social security and other taxes

1,014

1,436

VAT

3,466

-

Directors' current accounts

161,754

179,054

Accruals and deferred income

1,310

202,881

267,532

Reign Beau Limited - Accounts to registrar (filleted) - small 18.2

Reign Beau Limited - Accounts to registrar (filleted) - small 18.2