Regeneration Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05059354 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

REGENERATION SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J F Ellis

SECRETARY:

Mrs S J Greenaway

REGISTERED OFFICE:

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

REGISTERED NUMBER:

05059354 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

1,290,392

1,158,875

CURRENT ASSETS

Debtors

5

129,004

171,590

Cash at bank and in hand

3,025

10,160

132,029

181,750

CREDITORS

Amounts falling due within one year

6

621,780

644,713

NET CURRENT LIABILITIES

(489,751

)

(462,963

)

TOTAL ASSETS LESS CURRENT LIABILITIES

800,641

695,912

CREDITORS

Amounts falling due after more than one year

7

(588,764

)

(500,468

)

PROVISIONS FOR LIABILITIES

(51,358

)

(46,465

)

NET ASSETS

160,519

148,979

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

160,419

148,879

SHAREHOLDERS' FUNDS

160,519

148,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 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 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 Income Statement has not been delivered.

The financial statements were approved by the director on 24 April 2019 and were signed by:

J F Ellis - Director

1.	STATUTORY INFORMATION

Regeneration Services Limited is a private company, limited by shares , registered in England and Wales. The

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2017 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2017

1,855,601

Additions

390,410

Disposals

(123,000

)

At 30 September 2018

2,123,011

DEPRECIATION

At 1 October 2017

696,726

Charge for year

167,087

Eliminated on disposal

(31,194

)

At 30 September 2018

832,619

NET BOOK VALUE

At 30 September 2018

1,290,392

At 30 September 2017

1,158,875

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 October 2017

548,008

Additions

293,665

Disposals

(115,000

)

At 30 September 2018

726,673

DEPRECIATION

At 1 October 2017

191,424

Charge for year

74,888

Eliminated on disposal

(27,600

)

At 30 September 2018

238,712

NET BOOK VALUE

At 30 September 2018

487,961

At 30 September 2017

356,584

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Trade debtors

127,032

164,141

Other debtors

1,972

7,449

129,004

171,590

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Bank loans and overdrafts

124,983

134,442

Hire purchase contracts

100,049

89,921

Trade creditors

158,495

208,964

Taxation and social security

14,289

2,321

Other creditors

223,964

209,065

621,780

644,713

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.18

30.9.17

£

£

Bank loans

349,847

400,542

Hire purchase contracts

238,917

99,926

588,764

500,468

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

349,847

400,542