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Company Registration No. 10003395 (England and Wales)
Reniam Limited Unaudited accounts for the year ended 28 February 2023
Reniam Limited Unaudited accounts Contents
Page
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Reniam Limited Company Information for the year ended 28 February 2023
Directors
Mr Hamed Abdallah Mrs Shimaa Abdelraouf Ahmed Saad
Company Number
10003395 (England and Wales)
Registered Office
75 RAYNHAM NORFOLK CRESCENT LONDON W2 2PQ UNITED KINGDOM
Accountants
ST Accountancy Ltd 8 Clappentail Park Lyme Regis Dorset DT7 3NB
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Reniam Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,482 
15,631 
Current assets
Debtors
23,015 
46,334 
Cash at bank and in hand
3,335 
2,398 
26,350 
48,732 
Creditors: amounts falling due within one year
(140,344)
(175,023)
Net current liabilities
(113,994)
(126,291)
Total assets less current liabilities
(102,512)
(110,660)
Creditors: amounts falling due after more than one year
(2,857)
(9,578)
Net liabilities
(105,369)
(120,238)
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
(105,373)
(120,242)
Shareholders' funds
(105,369)
(120,238)
For the year ending 28 February 2023 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 16 November 2023 and were signed on its behalf by
Mr Hamed Abdallah Director Company Registration No. 10003395
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Reniam Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Reniam Limited is a private company, limited by shares, registered in England and Wales, registration number 10003395. The registered office is 75 RAYNHAM, NORFOLK CRESCENT, LONDON, W2 2PQ, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The company made a profit before taxation of £14.9k in 2023 (2022: profit of £15k). The retained losses built up in prior years had been primarily due to historic contracts on which the pricing of the building materials needed for the contracts had not been reliably forecast. The company engaged a quantity surveyor to ensure all contracts are accurately costed to allow the company to generate profits. This profitable performance has continued throughout 2023. Based on the circumstances described above, the financial statements are prepared on the assumption that the entity is a going concern.
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
20% straight line basis
Motor vehicles
15% straight line basis
Computer equipment
20% straight line basis
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Reniam Limited Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
1,654 
25,218 
9,203 
36,075 
At 28 February 2023
1,654 
25,218 
9,203 
36,075 
Depreciation
At 1 March 2022
1,654 
10,763 
8,027 
20,444 
Charge for the year
- 
3,603 
546 
4,149 
At 28 February 2023
1,654 
14,366 
8,573 
24,593 
Net book value
At 28 February 2023
- 
10,852 
630 
11,482 
At 28 February 2022
- 
14,455 
1,176 
15,631 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
23,015 
46,334 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,468 
7,564 
VAT
8,081 
9,193 
Trade creditors
27,489 
46,330 
Taxes and social security
337 
(3,116)
Other creditors
4,996 
- 
Loans from directors
93,873 
113,952 
Accruals
1,100 
1,100 
140,344 
175,023 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
2,857 
9,578 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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