Abbreviated Company Accounts - REAGALMAC LIMITED

NI018847 REAGALMAC LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true NI018847 2013-01-01 2013-12-31 NI018847 2013-12-31 NI018847 2012-12-31 NI018847 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 NI018847 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number NI018847

REAGALMAC LIMITED

Abbreviated Accounts

31 December 2013

REAGALMAC LIMITED Registered Number NI018847

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Current assets
Stocks		4,614,435	4,697,357
Debtors		607,265	616,367
Cash at bank and in hand		40,519	40,519
		5,262,219	5,354,243
Creditors: amounts falling due within one year		(7,010,348)	(7,104,661)
Net current assets (liabilities)		(1,748,129)	(1,750,418)
Total assets less current liabilities		(1,748,129)	(1,750,418)
Total net assets (liabilities)		(1,748,129)	(1,750,418)
Capital and reserves
Called up share capital	2	10,002	10,002
Profit and loss account		(1,758,131)	(1,760,420)
Shareholders' funds		(1,748,129)	(1,750,418)

For the year ending 31 December 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 September 2014

And signed on their behalf by:
Martin Rea, Director

REAGALMAC LIMITED Registered Number NI018847

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to
customers.

Other accounting policies
Going concern
The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the company's ability to meet its day to day working capital requirements through bank facilities which are repayable on demand. On the basis of the trading outlook for the forthcoming year and assurances made with the company's bankers, the directors are confident that the company will continue to operate within its facility. Taking these matters into account, the directors consider it appropriate to prepare financial statements on the going concern basis.

2Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
10,002 Ordinary shares of £1 each	10,002	10,002