2022-10-012023-09-302023-09-30false12899816REN Contractors 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REN Contractors Limited

Registered Number
12899816
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2023

REN Contractors Limited
Company Information
for the year from 1 October 2022 to 30 September 2023

Director

Neil Edward Rodway

Registered Address

Primrose Cottage Brill
Constantine
Falmouth
TR11 5QA

Registered Number

12899816 (England and Wales)
REN Contractors Limited
Balance Sheet as at
30 September 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets654,48323,612
54,48323,612
Current assets
Stocks162,88536,947
Debtors7340,380144,704
Cash at bank and on hand417,580300,642
920,845482,293
Creditors amounts falling due within one year8(437,529)(217,358)
Net current assets (liabilities)483,316264,935
Total assets less current liabilities537,799288,547
Creditors amounts falling due after one year(21,132)(13,557)
Provisions for liabilities(13,621)(4,486)
Net assets503,046270,504
Capital and reserves
Called up share capital100100
Profit and loss account502,946270,404
Shareholders' funds503,046270,504
The financial statements were approved and authorised for issue by the Director on 18 April 2024, and are signed on its behalf by:
Neil Edward Rodway
Director
Registered Company No. 12899816
REN Contractors Limited
Notes to the Financial Statements
for the year ended 30 September 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery25-
Vehicles25-
Office Equipment-3
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information
The following average number of employee's includes directors.

20232022
Average number of employees during the year43
6.Property, plant and equipment

Total

£
Cost or valuation
At 01 October 2237,046
Additions42,268
At 30 September 2379,314
Depreciation and impairment
At 01 October 2213,434
Charge for year11,397
At 30 September 2324,831
Net book value
At 30 September 2354,483
At 30 September 2223,612
7.Debtors

2023

2022

££
Trade debtors / trade receivables117,244140,155
Other debtors219,9884,549
Prepayments and accrued income3,148-
Total340,380144,704
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables149,864101,702
Taxation and social security235,347106,856
Finance lease and HP contracts13,5534,778
Other creditors1,1931,959
Accrued liabilities and deferred income37,5722,063
Total437,529217,358
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Finance lease and HP contracts after one year

2023

2022

££
Finance lease and HP contracts21,13213,557