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 2020

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

1,137,699

1,178,271

Investments

5

25

-

1,137,724

1,178,271

CURRENT ASSETS

Debtors

6

129,481

134,718

Cash at bank and in hand

24,501

2,848

153,982

137,566

CREDITORS

Amounts falling due within one year

7

497,527

610,711

NET CURRENT LIABILITIES

(343,545

)

(473,145

)

TOTAL ASSETS LESS CURRENT LIABILITIES

794,179

705,126

CREDITORS

Amounts falling due after more than one year

8

(445,735

)

(467,101

)

PROVISIONS FOR LIABILITIES

(83,321

)

(59,872

)

NET ASSETS

265,123

178,153

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

265,023

178,053

SHAREHOLDERS' FUNDS

265,123

178,153

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 27 May 2021 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 (2019 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2019

2,163,881

Additions

270,678

Disposals

(311,590

)

At 30 September 2020

2,122,969

DEPRECIATION

At 1 October 2019

985,610

Charge for year

191,256

Eliminated on disposal

(191,596

)

At 30 September 2020

985,270

NET BOOK VALUE

At 30 September 2020

1,137,699

At 30 September 2019

1,178,271

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

Plant and

machinery

etc

£

COST

At 1 October 2019

700,951

Additions

197,581

Disposals

(112,500

)

At 30 September 2020

786,032

DEPRECIATION

At 1 October 2019

308,270

Charge for year

101,527

Eliminated on disposal

(79,271

)

At 30 September 2020

330,526

NET BOOK VALUE

At 30 September 2020

455,506

At 30 September 2019

392,681

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

25

At 30 September 2020

25

NET BOOK VALUE

At 30 September 2020

25

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Trade debtors

83,313

133,394

Other debtors

46,168

1,324

129,481

134,718

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Bank loans and overdrafts

92,374

122,576

Hire purchase contracts

67,154

77,313

Trade creditors

138,025

166,408

Taxation and social security

11,755

24,781

Other creditors

188,219

219,633

497,527

610,711

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.20

30.9.19

£

£

Bank loans

234,417

286,405

Hire purchase contracts

211,318

180,696

445,735

467,101

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

234,417

286,405