9 false false false false false false false false false true false false false false false false No description of principal activity 2020-12-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 10482814 2020-12-01 2021-11-30 10482814 2021-11-30 10482814 2020-11-30 10482814 2019-12-01 2020-11-30 10482814 2020-11-30 10482814 core:MotorVehicles 2020-12-01 2021-11-30 10482814 bus:Director1 2020-12-01 2021-11-30 10482814 core:MotorVehicles 2020-11-30 10482814 core:MotorVehicles 2021-11-30 10482814 core:WithinOneYear 2021-11-30 10482814 core:WithinOneYear 2020-11-30 10482814 core:AfterOneYear 2021-11-30 10482814 core:AfterOneYear 2020-11-30 10482814 core:ShareCapital 2021-11-30 10482814 core:ShareCapital 2020-11-30 10482814 core:RetainedEarningsAccumulatedLosses 2021-11-30 10482814 core:RetainedEarningsAccumulatedLosses 2020-11-30 10482814 core:MotorVehicles 2020-11-30 10482814 bus:Director1 2020-11-30 10482814 bus:Director1 2021-11-30 10482814 bus:Director1 2019-11-30 10482814 bus:Director1 2020-11-30 10482814 bus:Director1 2019-12-01 2020-11-30 10482814 bus:SmallEntities 2020-12-01 2021-11-30 10482814 bus:AuditExempt-NoAccountantsReport 2020-12-01 2021-11-30 10482814 bus:FullAccounts 2020-12-01 2021-11-30 10482814 bus:SmallCompaniesRegimeForAccounts 2020-12-01 2021-11-30 10482814 bus:PrivateLimitedCompanyLtd 2020-12-01 2021-11-30
COMPANY REGISTRATION NUMBER: 10482814
Renova FM Limited
Filleted Unaudited Financial Statements
30 November 2021
Renova FM Limited
Statement of Financial Position
30 November 2021
2021
2020
Note
£
£
Fixed assets
Tangible assets
5
12,920
14,537
Current assets
Debtors
6
254,383
117,559
Cash at bank and in hand
57,260
24,171
---------
---------
311,643
141,730
Creditors: amounts falling due within one year
7
293,127
116,680
---------
---------
Net current assets
18,516
25,050
--------
--------
Total assets less current liabilities
31,436
39,587
Creditors: amounts falling due after more than one year
8
16,894
25,000
Provisions
1,805
1,805
--------
--------
Net assets
12,737
12,782
--------
--------
Capital and reserves
Called up share capital
10,000
10,000
Profit and loss account
2,737
2,782
--------
--------
Shareholders funds
12,737
12,782
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Renova FM Limited
Statement of Financial Position (continued)
30 November 2021
These financial statements were approved by the board of directors and authorised for issue on 26 August 2022 , and are signed on behalf of the board by:
Miss P Z Teixeria
Director
Company registration number: 10482814
Renova FM Limited
Notes to the Financial Statements
Year ended 30 November 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 216 Petts Hill, Northolt, Middlesex, UB5 4NP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
20% reducing balance
Equipment
-
20% reducing balance
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2020: 10 ).
5. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 December 2020
11,655
8,780
20,435
Additions
1,613
1,613
--------
--------
--------
At 30 November 2021
11,655
10,393
22,048
--------
--------
--------
Depreciation
At 1 December 2020
2,726
3,172
5,898
Charge for the year
1,786
1,444
3,230
--------
--------
--------
At 30 November 2021
4,512
4,616
9,128
--------
--------
--------
Carrying amount
At 30 November 2021
7,143
5,777
12,920
--------
--------
--------
At 30 November 2020
8,929
5,608
14,537
--------
--------
--------
6. Debtors
2021
2020
£
£
Trade debtors
229,579
92,755
Other debtors
24,804
24,804
---------
---------
254,383
117,559
---------
---------
7. Creditors: amounts falling due within one year
2021
2020
£
£
Bank loans and overdrafts
5,605
Corporation tax
5,470
4,525
Social security and other taxes
199,399
97,035
Other creditors
82,653
15,120
---------
---------
293,127
116,680
---------
---------
8. Creditors: amounts falling due after more than one year
2021
2020
£
£
Bank loans and overdrafts
16,894
25,000
--------
--------
9. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2021
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Miss P Z Teixeria
( 365)
( 30,127)
( 30,492)
----
--------
--------
2020
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Miss P Z Teixeria
( 402)
37
( 365)
----
----
----