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REGISTERED NUMBER: 08967905 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

The Renovation Men Ltd

The Renovation Men Ltd (Registered number: 08967905)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


The Renovation Men Ltd

COMPANY INFORMATION
for the year ended 31 March 2023







Director: Mr A Carr





Registered office: Tregarth Earls Drive
Kingsand
Torpoint
Cornwall
PL10 1NS





Registered number: 08967905 (England and Wales)





Accountants: Nigel Webster & Co
129 North Hill
Plymouth
Devon
PL4 8JY

The Renovation Men Ltd (Registered number: 08967905)

BALANCE SHEET
31 March 2023

2023 2022
as restated
Notes £    £    £    £   
Fixed assets
Intangible assets 4 14,219 -
Tangible assets 5 19,129 36,796
33,348 36,796

Current assets
Stocks 55,472 -
Debtors 6 76,484 90,830
Cash at bank 580 6,561
132,536 97,391
Creditors
Amounts falling due within one year 7 116,119 73,961
Net current assets 16,417 23,430
Total assets less current liabilities 49,765 60,226

Creditors
Amounts falling due after more than
one year

8

46,040

58,426
Net assets 3,725 1,800

Capital and reserves
Called up share capital 9 100 100
Retained earnings 3,625 1,700
Shareholders' funds 3,725 1,800

The Renovation Men Ltd (Registered number: 08967905)

BALANCE SHEET - continued
31 March 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 November 2023 and were signed by:





Mr A Carr - Director


The Renovation Men Ltd (Registered number: 08967905)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

The Renovation Men Ltd is a private company, limited by shares, registered in England and Wales. 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.

Turnover
Turnover is measured at the fair value of the consideration receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services which is recognised by the 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

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 - 20% on reducing balance
Motor vehicles - 5 years - straight line
Computer equipment - 5 years - straight line

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.


The Renovation Men Ltd (Registered number: 08967905)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 10 ) .

The Renovation Men Ltd (Registered number: 08967905)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
Cost
Additions 14,219
At 31 March 2023 14,219
Net book value
At 31 March 2023 14,219

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 April 2022 6,280 51,690 3,470 61,440
Additions 2,319 - - 2,319
Disposals - (23,090 ) - (23,090 )
At 31 March 2023 8,599 28,600 3,470 40,669
Depreciation
At 1 April 2022 2,813 20,870 961 24,644
Charge for year 1,158 5,720 694 7,572
Eliminated on disposal - (10,676 ) - (10,676 )
At 31 March 2023 3,971 15,914 1,655 21,540
Net book value
At 31 March 2023 4,628 12,686 1,815 19,129
At 31 March 2022 3,467 30,820 2,509 36,796

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 68,536 74,969
Other debtors 7,948 15,861
76,484 90,830

The Renovation Men Ltd (Registered number: 08967905)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Bank loans and overdrafts 5,000 -
Trade creditors 73,136 33,632
Taxation and social security 8,064 6,302
Other creditors 29,919 34,027
116,119 73,961

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
as restated
£    £   
Bank loans 38,335 47,746
Other creditors 7,705 10,680
46,040 58,426

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: as
restated
£    £   
100 Ordinary shares £1 100 100

10. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £5,884 to A Carr, the director and sole shareholder. This amount is interest free, unsecured and carries no fixed term of repayment.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A Carr.