8 June 2022 false No description of principal activity Taxfiler 2023.10 14159192business:PrivateLimitedCompanyLtd2022-06-082023-06-30 141591922022-06-07 141591922022-06-082023-06-30 14159192business:AuditExemptWithAccountantsReport2022-06-082023-06-30 14159192business:FilletedAccounts2022-06-082023-06-30 141591922023-06-30 14159192business:Director22022-06-082023-06-30 14159192business:RegisteredOffice2022-06-082023-06-30 14159192core:WithinOneYear2023-06-30 14159192core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 14159192core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 14159192core:PreviouslyStatedAmount2023-06-30 14159192business:SmallEntities2022-06-082023-06-30 14159192countries:EnglandWales2022-06-082023-06-30 14159192core:ComputerEquipment2022-06-082023-06-30 14159192core:ComputerEquipment2022-06-07 14159192core:ComputerEquipment2023-06-30 14159192business:OrdinaryShareClass12022-06-082023-06-30 14159192business:Director212022-06-082023-06-30 14159192business:Director212022-06-07 14159192business:Director212023-06-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 14159192 (England and Wales)
Combit Renovations Ltd Unaudited accounts for the period from 8 June 2022 to 30 June 2023
Combit Renovations Ltd Unaudited accounts Contents
Page
- 2 -
Combit Renovations Ltd Company Information for the period from 8 June 2022 to 30 June 2023
Director
Igor Korenev
Company Number
14159192 (England and Wales)
Registered Office
137 Brent Street London NW4 4DJ England
Accountants
CheapAccounting.co.uk Trading name of Evolve Accountancy Solutions Ltd. 45 Daltons Fen, Pitsea, Basildon Essex SS13 1JE
- 3 -
Combit Renovations Ltd Statement of financial position as at 30 June 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
106 
Current assets
Debtors
271 
Cash at bank and in hand
40,649 
40,920 
Creditors: amounts falling due within one year
(73,675)
Net current liabilities
(32,755)
Total assets less current liabilities
(32,649)
Provisions for liabilities
Deferred tax
(20)
Net liabilities
(32,669)
Capital and reserves
Called up share capital
100 
Profit and loss account
(32,769)
Shareholders' funds
(32,669)
For the period ending 30 June 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 director acknowledges his 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 and authorised for issue on 6 December 2023 and were signed on its behalf by
Igor Korenev Director Company Registration No. 14159192
- 4 -
Combit Renovations Ltd Notes to the Accounts for the period from 8 June 2022 to 30 June 2023
1
Statutory information
Combit Renovations Ltd is a private company, limited by shares, registered in England and Wales, registration number 14159192. The registered office is 137 Brent Street, London, NW4 4DJ, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and 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.
Turnover
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.
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:
Computer equipment
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
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.
- 5 -
Combit Renovations Ltd Notes to the Accounts for the period from 8 June 2022 to 30 June 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 8 June 2022
- 
Additions
141 
At 30 June 2023
141 
Depreciation
Charge for the period
35 
At 30 June 2023
35 
Net book value
At 30 June 2023
106 
5
Debtors
2023 
£ 
Amounts falling due within one year
VAT
4 
Other debtors
267 
271 
6
Creditors: amounts falling due within one year
2023 
£ 
VAT
34,910 
Taxes and social security
17,652 
Other creditors
20,114 
Accruals
999 
73,675 
7
Share capital
2023 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
- 6 -
Combit Renovations Ltd Notes to the Accounts for the period from 8 June 2022 to 30 June 2023
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Directors loan account
- 
267 
- 
267 
- 
267 
- 
267 
9
Average number of employees
During the period the average number of employees was 3.
- 7 -