Regal Mineral Solutions Limited
|
Registered Number
:
06255875
|
For the year ended 31 May 2017
England and Wales
Unaudited Financial Statements
For the year ended 31 May 2017
Regal Mineral Solutions Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Regal Mineral Solutions Limited
Statement of Financial Position
2016
2017
Property
,
plant and equipment
|
723
1,189
2
723
1,189
Trade and other receivables
|
-
10,247
3
31,113
Cash and cash equivalents
|
34,902
45,149
31,113
Trade and other payables
:
amounts falling due within one
|
year
|
(7,113)
(12,349)
4
24,000
32,800
Net current assets
Total assets less current liabilities
|
33,523
25,189
33,523
Net assets
25,189
200
200
33,323
24,989
33,523
25,189
Shareholders' funds
For the year ended 31 May 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
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.
|
Mr Malcolm Allan Hope Director
|
These financial statements were approved and authorised for issue by the Board on 23 February 2018 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 May 2017
Regal Mineral Solutions Limited
Notes to the Financial Statements
Statutory Information
Regal Mineral Solutions Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
06255875
.
|
Church View
Crowthorne Road
Bracknell
Berkshire
RG12 7EN
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
|
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Computer Equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one yearare recorded at
|
transaction price
.
Any losses arising from impairment are recognised in the profit and loss account in adminstrative
|
expenses
.
|
Cash and cash equivalent
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of
|
not more than
24
hours
.
Cash equivalents are highly liquid investments that mature in no more than three months
|
from date of acquisition and that are readily convertible to know amounts of cash with insignificant risk of change in
|
value
.
|
2 of 4
For the year ended 31 May 2017
Regal Mineral Solutions Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
1,775
179
1,954
Provision for depreciation and impairment
|
586
Charge for year
645
1,231
723
1,189
3
.
Trade and other receivables
|
2016
2017
10,202
-
45
-
-
10,247
4
.
Trade and other payables
:
amounts falling due within one year
|
2016
2017
132
-
Taxation and social security
|
5,369
2,701
6,848
4,412
12,349
7,113
5
.
Related party transactions
|
At the year end
,
the directors were owed £
6
,
298
(
2016
:
£
3
,
912
)
,
whcih is included in other creditors
.
No interest has
|
been charged on this balance
.
|
6
.
Average number of persons employed
|
During the year the average number of employees was 1 (2016 : 1)
3 of 4
For the year ended 31 May 2017
Regal Mineral Solutions Limited
Notes to the Financial Statements Continued
7
.
Transition to FRS
102
|
The policies applied under the entity
'
s previous accounting framework are not materially different to FRS
102
and
|
have not impacted on equity or profit and loss
.
|
4 of 4