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REGISTERED NUMBER: 05602926 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

RENWALL LIMITED

RENWALL LIMITED (REGISTERED NUMBER: 05602926)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RENWALL LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr O Tully
Mr D Tully





SECRETARY: Mrs J Tully





REGISTERED OFFICE: Citygate House
Regis Road Kentish Town
London
NW5 3EW





REGISTERED NUMBER: 05602926 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

RENWALL LIMITED (REGISTERED NUMBER: 05602926)

Balance Sheet
31 MARCH 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 91,081 119,443

CURRENT ASSETS
Stocks 66,315 66,966
Debtors 5 52,891 115,982
Cash at bank and in hand 34,639 13,815
153,845 196,763
CREDITORS
Amounts falling due within one year 6 (147,668 ) (151,972 )
NET CURRENT ASSETS 6,177 44,791
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,258

164,234

CREDITORS
Amounts falling due after more than one
year

7

(84,195

)

(128,717

)

PROVISIONS FOR LIABILITIES (12,940 ) (12,940 )
NET ASSETS 123 22,577

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 23 22,477
SHAREHOLDERS' FUNDS 123 22,577

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 directors acknowledge their 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.

RENWALL LIMITED (REGISTERED NUMBER: 05602926)

Balance Sheet - continued
31 MARCH 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by:





Mr D Tully - Director


RENWALL LIMITED (REGISTERED NUMBER: 05602926)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Renwall Limited 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 received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

RENWALL LIMITED (REGISTERED NUMBER: 05602926)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 155,508 109,307 1,874 266,689
Additions - - 1,999 1,999
At 31 March 2023 155,508 109,307 3,873 268,688
DEPRECIATION
At 1 April 2022 124,329 21,636 1,281 147,246
Charge for year 7,795 - 648 8,443
Eliminated on disposal - 21,918 - 21,918
At 31 March 2023 132,124 43,554 1,929 177,607
NET BOOK VALUE
At 31 March 2023 23,384 65,753 1,944 91,081
At 31 March 2022 31,179 87,671 593 119,443

RENWALL LIMITED (REGISTERED NUMBER: 05602926)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 74,369 109,307 183,676
DEPRECIATION
At 1 April 2022 52,704 21,636 74,340
Charge for year 5,416 - 5,416
Eliminated on disposal - 21,918 21,918
At 31 March 2023 58,120 43,554 101,674
NET BOOK VALUE
At 31 March 2023 16,249 65,753 82,002
At 31 March 2022 21,665 87,671 109,336

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 22,102 49,517
Amounts owed by participating interests - 35,450
Other debtors 30,789 31,015
52,891 115,982

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts (see note 8) 9,572 9,572
Hire purchase contracts 20,493 20,493
Trade creditors 10,807 73,688
Amounts owed to participating interests 29,578 -
Taxation and social security 47,104 15,867
Other creditors 30,114 32,352
147,668 151,972

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 8) 34,190 39,395
Hire purchase contracts 50,005 89,322
84,195 128,717

RENWALL LIMITED (REGISTERED NUMBER: 05602926)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 9,572 9,572
Other loans 30,000 30,000
39,572 39,572

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,781 9,781

Amounts falling due between two and five years:
Bank loans - 2-5 years 24,409 29,614

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2022 22,477
Profit for the year 23,596
Dividends (46,050 )
At 31 March 2023 23

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
Mr O Tully and Mr D Tully
Balance outstanding at start of year 19,678 -
Amounts advanced 130,465 129,621
Amounts repaid (130,595 ) (109,943 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,548 19,678

RENWALL LIMITED (REGISTERED NUMBER: 05602926)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


12. RELATED PARTY DISCLOSURES

During the year, total dividends of £24,466 (2022 - £25,755) were paid to the directors .