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COMPANY REGISTRATION NUMBER: 09861822
Renaissance PR Ltd
Filleted Unaudited Financial Statements
31 March 2022
Renaissance PR Ltd
Financial Statements
Year ended 31 March 2022
Contents
Page
Balance sheet
1
Notes to the financial statements
3
Renaissance PR Ltd
Balance Sheet
31 March 2022
2022
2021
Note
£
£
£
Fixed assets
Tangible assets
5
82,044
17,089
Current assets
Debtors
7
44,537
12,521
Cash at bank and in hand
776,423
541,298
---------
---------
820,960
553,819
Creditors: amounts falling due within one year
8
107,150
101,905
---------
---------
Net current assets
713,810
451,914
---------
---------
Total assets less current liabilities
795,854
469,003
Provisions
Taxation including deferred tax
15,588
3,247
---------
---------
Net assets
780,266
465,756
---------
---------
Renaissance PR Ltd
Balance Sheet (continued)
31 March 2022
2022
2021
Note
£
£
£
Capital and reserves
Called up share capital
1
1
Profit and loss account
780,265
465,755
---------
---------
Shareholders funds
780,266
465,756
---------
---------
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 profit and loss account has not been delivered.
For the year ending 31 March 2022 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 .
These financial statements were approved by the board of directors and authorised for issue on 17 June 2022 , and are signed on behalf of the board by:
Mr S Petrullo
Director
Company registration number: 09861822
Renaissance PR Ltd
Notes to the Financial Statements
Year ended 31 March 2022
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.
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 and 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, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
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
-
25% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2021: 1 ).
5. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 April 2021
21,234
21,234
Additions
82,543
2,376
84,919
--------
--------
---------
At 31 March 2022
82,543
23,610
106,153
--------
--------
---------
Depreciation
At 1 April 2021
4,145
4,145
Charge for the year
14,445
5,519
19,964
--------
--------
---------
At 31 March 2022
14,445
9,664
24,109
--------
--------
---------
Carrying amount
At 31 March 2022
68,098
13,946
82,044
--------
--------
---------
At 31 March 2021
17,089
17,089
--------
--------
---------
6. Investments
Other investments other than loans
£
Cost
At 1 April 2021
Additions
20,000
--------
At 31 March 2022
20,000
--------
Impairment
At 1 April 2021
Revaluations
20,000
--------
At 31 March 2022
20,000
--------
Carrying amount
At 31 March 2022
--------
At 31 March 2021
--------
7. Debtors
2022
2021
£
£
Trade debtors
31,252
6,344
Other debtors
13,285
6,177
--------
--------
44,537
12,521
--------
--------
8. Creditors: amounts falling due within one year
2022
2021
£
£
Corporation tax
74,932
63,946
Social security and other taxes
16,906
27,772
Other creditors
15,312
10,187
---------
---------
107,150
101,905
---------
---------
9. Director's advances, credits and guarantees
During the year, the director had an interest-free, repayable on demand loan with the company. At the start of the year the director was owed £3,937, and at the end of the year the company owed him £183.