Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Regency Grove Communications Limited
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5 ) have been prepared.
Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Regency Grove Communications Limited
for the Year Ended 31 October 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Regency Grove Communications Limited for the year ended 31 October 2014 set out on pages from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Regency Grove Communications Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Regency Grove Communications Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Regency Grove Communications Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Regency Grove Communications Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Regency Grove Communications Limited. You consider that Regency Grove Communications Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Regency Grove Communications Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Northdown Associates Limited
45 Basepoint Business Centre
Metcalf Way
Crawley
West Sussex
RH11 7XX
30 July 2015
Regency Grove Communications Limited
(Registration number: 06737285)
Abbreviated Balance Sheet at 31 October 2014
Note |
2014
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2013
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Fixed assets |
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Intangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets/(liabilities) |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
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Mr Bernard Knight
Director
2
Regency Grove Communications Limited
(Registration number: 06737285)
Abbreviated Balance Sheet at 31 October 2014
......... continued
.........................................
Mr Joseph Concheiro
Director
3
Regency Grove Communications Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2014
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost or valuation, less any estimated
residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated
residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Office equipment |
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Plant & machinery |
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Stock
Hire purchase and leasing
Financial instruments
Regency Grove Communications Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2014
......... continued
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 November 2013 |
47,588 |
2,119 |
49,707 |
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At 31 October 2014 |
47,588 |
2,119 |
49,707 |
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Depreciation |
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At 1 November 2013 |
28,551 |
2,119 |
30,670 |
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Charge for the year |
9,517 |
- |
9,517 |
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At 31 October 2014 |
38,068 |
2,119 |
40,187 |
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Net book value |
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At 31 October 2014 |
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At 31 October 2013 |
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Share capital |
Allotted, called up and fully paid shares
2014 |
2013 |
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No. |
£ |
No. |
£ |
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