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Registered number: 03147715
RENOWN CONSULTANTS LIMITED
ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Prepared By:
Brook & Co Accountants
Chartered Certified Accountants
33A High Street
Stony Stratford
Milton Keynes
Bucks
MK11 1AA
RENOWN CONSULTANTS LIMITED
ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
DIRECTORS
Patrick Mulvihill
William Thomas Smith
SECRETARY
Patrick Mulvihill
REGISTERED OFFICE
33a High Street
Stony Stratford
Milton Keynes
Bucks
MK11 1AA
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03147715
ACCOUNTANTS
Brook & Co Accountants
Chartered Certified Accountants
33A High Street
Stony Stratford
Milton Keynes
Bucks
MK11 1AA
RENOWN CONSULTANTS LIMITED
ACCOUNTS
FOR THEYEARENDED30 SEPTEMBER 2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
RENOWN CONSULTANTS LIMITED
BALANCE SHEET AT 30 September 2023
20232022
Notes££
FIXED ASSETS
Tangible assets3-59,750
CURRENT ASSETS
Stock-319,446
Debtors523,279557,548
Cash at bank and in hand771,4931,133,554
794,7722,010,548
CREDITORS: Amounts falling due within one year6350,5471,061,673
NET CURRENT ASSETS444,225948,875
TOTAL ASSETS LESS CURRENT LIABILITIES444,2251,008,625
CAPITAL AND RESERVES
Called up share capital725,00025,000
Share premium account825,00025,000
Capital redemption reserve9(450,000)(450,000)
Profit and loss account844,2251,408,625
SHAREHOLDERS' FUNDS444,2251,008,625
For the year ending 30 September 2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 15 February 2024 and signed on their behalf by
.............................
Patrick Mulvihill
Director
RENOWN CONSULTANTS LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 15%
Fixtures and Fittingsreducing balance 15%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20232022
No.No.
Average number of employees622
RENOWN CONSULTANTS LIMITED
3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsTotal
£££
Cost
At 1 October 2022124,236167,816292,052
Disposals(124,236)(167,816)(292,052)
At 30 September 2023---
Depreciation
At 1 October 202264,743167,558232,301
Disposals(64,743)(167,558)(232,301)
At 30 September 2023---
Net Book Amounts
At 30 September 2023---
At 30 September 202259,49325859,751
4. STOCK 20232022
££
Stock comprises:
Stock-192,078
Work in progress-127,368
-319,446
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors-259,134
Staff Loan-72,706
Prepayments-225,708
Directors current account - Pat6,455-
Directors current account - W T Smith16,824-
23,279557,548
RENOWN CONSULTANTS LIMITED
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax-182
VAT15,535104,182
PAYE control-48,295
Directors current account - Pat-43,545
Directors current account - W T Smith-33,176
Trade creditors-523,021
Amounts due to group companies335,012309,272
350,5471,061,673
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
24998 Class B shares of £1 each2499824998
25,00025,000
8. SHARE PREMIUM ACCOUNT 20232022
££
Share premium account25,00025,000
9. OTHER RESERVES 20232022
££
Capital redemption reserve(450,000)(450,000)
(450,000)(450,000)