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REGISTERED NUMBER: SC438759 (Scotland)


















Unaudited Financial Statements

for the Year Ended 30 November 2021

for

Rennie Solutions Limited

Rennie Solutions Limited (Registered number: SC438759)






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Rennie Solutions Limited

Company Information
for the Year Ended 30 November 2021







DIRECTOR: S M Rennie



REGISTERED OFFICE: 182 High Street
MONTROSE
ANGUS
DD10 8PH



REGISTERED NUMBER: SC438759 (Scotland)



ACCOUNTANTS: MMG Archbold Ltd
Chartered Accountants
182 High Street
Montrose
ANGUS
DD10 8PH



BANKERS: Bank of Scotland
8 Lochside Avenue
Edinburgh
EH12 9DJ

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Rennie Solutions Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rennie Solutions Limited for the year ended 30 November 2021 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Rennie Solutions Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rennie Solutions Limited and state those matters that we have agreed to state to the director of Rennie Solutions Limited in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Rennie Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rennie Solutions Limited. You consider that Rennie Solutions 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 financial statements of Rennie Solutions 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 financial statements.






MMG Archbold Ltd
Chartered Accountants
182 High Street
Montrose
ANGUS
DD10 8PH


31 March 2022

Rennie Solutions Limited (Registered number: SC438759)

Balance Sheet
30 November 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,658 8,846

CURRENT ASSETS
Debtors 5 2,273 3,073
Cash at bank 1,137 2,737
3,410 5,810
CREDITORS
Amounts falling due within one year 6 4,971 7,126
NET CURRENT LIABILITIES (1,561 ) (1,316 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,097

7,530

PROVISIONS FOR LIABILITIES 2,056 1,681
NET ASSETS 8,041 5,849

CAPITAL AND RESERVES
Called up share capital 7 5 5
Retained earnings 8 8,036 5,844
SHAREHOLDERS' FUNDS 8,041 5,849

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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 31 March 2022 and were signed by:




S M Rennie - Director


Rennie Solutions Limited (Registered number: SC438759)

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. STATUTORY INFORMATION

Rennie Solutions Limited is a private company, limited by shares , registered in Scotland. 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.

The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus he continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover
Turnover and profit on ordinary activities before taxation are attributable to materials coordination and burning.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Contracts for services
Where the substance of a contract is that the contractual obligations are performed gradually over time, revenue is recognised as contract activity progresses to reflect the partial performance of our contractual obligations. The amount of revenue included reflects the accrual of the right to consideration as contract activity progresses by reference to value of the work performed.

Rennie Solutions Limited (Registered number: SC438759)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Equipment Totals
£    £    £    £   
COST
At 1 December 2020 9,420 2,500 7,846 19,766
Additions 6,016 - 150 6,166
Disposals - - (299 ) (299 )
At 30 November 2021 15,436 2,500 7,697 25,633
DEPRECIATION
At 1 December 2020 4,887 1,094 4,939 10,920
Charge for year 1,984 352 978 3,314
Eliminated on disposal - - (259 ) (259 )
At 30 November 2021 6,871 1,446 5,658 13,975
NET BOOK VALUE
At 30 November 2021 8,565 1,054 2,039 11,658
At 30 November 2020 4,533 1,406 2,907 8,846

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors - 800
Other debtors 2,273 2,273
2,273 3,073

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Taxation and social security 3,686 5,420
Other creditors 1,285 1,706
4,971 7,126

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
5 Ordinary £1 5 5

Rennie Solutions Limited (Registered number: SC438759)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

8. RESERVES
Retained
earnings
£   

At 1 December 2020 5,844
Profit for the year 10,392
Dividends (8,200 )
At 30 November 2021 8,036

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2021 and 30 November 2020:

2021 2020
£    £   
S M Rennie
Balance outstanding at start of year (746 ) 9,151
Amounts advanced 16,290 32,578
Amounts repaid (15,827 ) (42,475 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (283 ) (746 )

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S M Rennie.