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REGISTERED NUMBER: 11456707 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

RENNIE TOOL E-SALES LIMITED

RENNIE TOOL E-SALES LIMITED (REGISTERED NUMBER: 11456707)

Contents of the Financial Statements
for the year ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RENNIE TOOL E-SALES LIMITED

Company Information
for the year ended 31 July 2023







Directors: J A Rennie
J Rennie





Registered office: Carrington Field Street
Higher Hillgate
Stockport
Cheshire
SK1 3JN





Registered number: 11456707 (England and Wales)





Accountants: Haines Watts Manchester Limited
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

RENNIE TOOL E-SALES LIMITED (REGISTERED NUMBER: 11456707)

Balance Sheet
31 July 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 5 18,203 24,620

Current assets
Stocks 728,171 496,262
Debtors 6 76,895 38,139
Cash at bank and in hand 61,229 17,385
866,295 551,786
Creditors
Amounts falling due within one year 7 344,573 271,355
Net current assets 521,722 280,431
Total assets less current liabilities 539,925 305,051

Capital and reserves
Called up share capital 8 100 100
Retained earnings 539,825 304,951
Shareholders' funds 539,925 305,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2024 and were signed on its behalf by:





J A Rennie - Director


RENNIE TOOL E-SALES LIMITED (REGISTERED NUMBER: 11456707)

Notes to the Financial Statements
for the year ended 31 July 2023


1. Statutory information

Rennie Tool E-Sales 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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:

Fixtures & Fittings 20% straight line
Computer Equipment 20% straight line
Motor Vehicles 20% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

RENNIE TOOL E-SALES LIMITED (REGISTERED NUMBER: 11456707)

Notes to the Financial Statements - continued
for the year ended 31 July 2023


3. Accounting policies - continued

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Profit and Loss Account in administrative expenses.

4. Employees and directors

The average number of employees during the year was 5 (2022 - 5 ) .

5. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
Cost
At 1 August 2022
and 31 July 2023 2,666 28,900 519 32,085
Depreciation
At 1 August 2022 1,477 5,780 208 7,465
Charge for year 533 5,780 104 6,417
At 31 July 2023 2,010 11,560 312 13,882
Net book value
At 31 July 2023 656 17,340 207 18,203
At 31 July 2022 1,189 23,120 311 24,620

6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 16,822 5,183
Other debtors 60,073 32,956
76,895 38,139

7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 169,883 117,819
Taxation and social security 174,372 152,608
Other creditors 318 928
344,573 271,355

RENNIE TOOL E-SALES LIMITED (REGISTERED NUMBER: 11456707)

Notes to the Financial Statements - continued
for the year ended 31 July 2023


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary 1 100 100