Company Registration No. 10003395 (England and Wales)
Reniam Limited
Unaudited accounts
for the year ended 28 February 2023
Reniam Limited
Unaudited accounts
Contents
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
Reniam Limited
Statement of financial position
as at 28 February 2023
Tangible assets
11,482
15,631
Cash at bank and in hand
3,335
2,398
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)
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
Reniam Limited
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
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
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
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
At 28 February 2023
-
10,852
630
11,482
At 28 February 2022
-
14,455
1,176
15,631
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
Trade creditors
27,489
46,330
Taxes and social security
337
(3,116)
Loans from directors
93,873
113,952
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).