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REGISTERED NUMBER: 09940784 (England and Wales)















Financial Statements

for the Period 1st February 2022 to 31st March 2023

for

Renovare Mechanical & Associated
Services Limited

Renovare Mechanical & Associated
Services Limited (Registered number: 09940784)

Contents of the Financial Statements
for the period 1st February 2022 to 31st March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Renovare Mechanical & Associated
Services Limited

Company Information
for the period 1st February 2022 to 31st March 2023







DIRECTOR: A J Memmott





REGISTERED OFFICE: Unit A Twydall Enterprise Centre
Lower Twydall Lane
Gillingham
Kent
ME8 6XX





REGISTERED NUMBER: 09940784 (England and Wales)





ACCOUNTANTS: Beak Kemmenoe
Chartered Accountants
1-3 Manor Road
Chatham
Kent
ME4 6AE

Renovare Mechanical & Associated
Services Limited (Registered number: 09940784)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,337 23,063

CURRENT ASSETS
Debtors 5 182,665 119,496
Cash at bank 7,947 13,346
190,612 132,842
CREDITORS
Amounts falling due within one year 6 102,739 75,782
NET CURRENT ASSETS 87,873 57,060
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,210

80,123

CREDITORS
Amounts falling due after more than one
year

7

(28,576

)

(46,468

)

PROVISIONS FOR LIABILITIES (3,104 ) (4,382 )
NET ASSETS 72,530 29,273

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 72,529 29,272
72,530 29,273

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Renovare Mechanical & Associated
Services Limited (Registered number: 09940784)

Balance Sheet - continued
31st 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 director and authorised for issue on 22nd February 2024 and were signed by:





A J Memmott - Director


Renovare Mechanical & Associated
Services Limited (Registered number: 09940784)

Notes to the Financial Statements
for the period 1st February 2022 to 31st March 2023


1. STATUTORY INFORMATION

Renovare Mechanical & Associated Services 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 etc - 25% on reducing balance

Taxation
Taxation for the period 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 period 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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

Renovare Mechanical & Associated
Services Limited (Registered number: 09940784)

Notes to the Financial Statements - continued
for the period 1st February 2022 to 31st March 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2022
and 31st March 2023 62,181
DEPRECIATION
At 1st February 2022 39,118
Charge for period 6,726
At 31st March 2023 45,844
NET BOOK VALUE
At 31st March 2023 16,337
At 31st January 2022 23,063

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st February 2022
and 31st March 2023 38,181
DEPRECIATION
At 1st February 2022 19,389
Charge for period 5,481
At 31st March 2023 24,870
NET BOOK VALUE
At 31st March 2023 13,311
At 31st January 2022 18,792

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 182,665 119,496

Renovare Mechanical & Associated
Services Limited (Registered number: 09940784)

Notes to the Financial Statements - continued
for the period 1st February 2022 to 31st March 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,400 11,400
Hire purchase contracts 15,075 7,080
Taxation and social security 43,445 31,551
Other creditors 32,819 25,751
102,739 75,782

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 28,576 31,146
Hire purchase contracts - 15,322
28,576 46,468

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 15,075 22,402