Company Registration No. 09315171 (England and Wales)
RENOVATIONS & EXTENSIONS LIMITED
Unaudited accounts
for the year ended 30 November 2022
RENOVATIONS & EXTENSIONS LIMITED
Unaudited accounts
Contents
RENOVATIONS & EXTENSIONS LIMITED
Company Information
for the year ended 30 November 2022
Directors
Marcin Dziubinski
Ewa Aleksandra Burska
Company Number
09315171 (England and Wales)
Registered Office
40 WILLOUGHBY ROAD
LONDON
N8 0JG
England
Accountants
Tatar Brothers & Co Accountants
40 Willoughby Road
Hornsey
London
N8 0JG
RENOVATIONS & EXTENSIONS LIMITED
Statement of financial position
as at 30 November 2022
Tangible assets
6,669
7,923
Cash at bank and in hand
4,050
3,995
Creditors: amounts falling due within one year
(621)
(14,075)
Net current assets
10,882
17,048
Total assets less current liabilities
17,551
24,971
Creditors: amounts falling due after more than one year
(17,515)
(24,596)
Called up share capital
1
1
Profit and loss account
35
374
Shareholders' funds
36
375
For the year ending 30 November 2022 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2023 and were signed on its behalf by
Ewa Aleksandra Burska
Director
Company Registration No. 09315171
RENOVATIONS & EXTENSIONS LIMITED
Notes to the Accounts
for the year ended 30 November 2022
RENOVATIONS & EXTENSIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09315171. The registered office is 40 WILLOUGHBY ROAD, LONDON, N8 0JG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance method
Computer equipment
15% reducing balance method
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The entity received various Government grants, such as Furlough and Bounce back loan.
RENOVATIONS & EXTENSIONS LIMITED
Notes to the Accounts
for the year ended 30 November 2022
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2021
9,462
3,595
13,057
At 30 November 2022
9,462
4,239
13,701
At 1 December 2021
3,328
1,806
5,134
Charge for the year
1,533
365
1,898
At 30 November 2022
4,861
2,171
7,032
At 30 November 2022
4,601
2,068
6,669
At 30 November 2021
6,134
1,789
7,923
Amounts falling due within one year
Trade debtors
1,865
21,540
Accrued income and prepayments
250
250
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
7,454
7,454
Taxes and social security
45,873
6,776
Loans from directors
(53,556)
(16,380)
7
Creditors: amounts falling due after more than one year
2022
2021
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
RENOVATIONS & EXTENSIONS LIMITED
Notes to the Accounts
for the year ended 30 November 2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors' overdrawn loan balance
16,380
124,961
87,785
53,556
16,380
124,961
87,785
53,556
10
Average number of employees
During the year the average number of employees was 2 (2021: 2).