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REGISTERED NUMBER: 12252214 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

RINNOVARE SERVICES LIMITED

RINNOVARE SERVICES LIMITED (REGISTERED NUMBER: 12252214)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Balance sheet 1

Notes to the financial statements 3


RINNOVARE SERVICES LIMITED (REGISTERED NUMBER: 12252214)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,785 2,499

Current assets
Debtors 5 7,216 9,898
Cash at bank 1,209 5,226
8,425 15,124
Creditors
Amounts falling due within one year 6 5,732 19,638
Net current assets/(liabilities) 2,693 (4,514 )
Total assets less current liabilities 4,478 (2,015 )

Creditors
Amounts falling due after more than one year 7 (4,073 ) (5,634 )

Provisions for liabilities 8 (339 ) -
Net assets/(liabilities) 66 (7,649 )

Capital and reserves
Called up share capital 9 2 2
Retained earnings 64 (7,651 )
Shareholders' funds 66 (7,649 )

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

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

RINNOVARE SERVICES LIMITED (REGISTERED NUMBER: 12252214)

BALANCE SHEET - continued
31 OCTOBER 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





Mr S L Hoyle - Director


RINNOVARE SERVICES LIMITED (REGISTERED NUMBER: 12252214)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. Statutory information

Rinnovare Services Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 12252214. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is 17 School Close, Verwood, Dorset, BH31 7BT.

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 represents income received from consultancy and construction services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

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 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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

RINNOVARE SERVICES LIMITED (REGISTERED NUMBER: 12252214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 November 2022 874 3,036 3,910
Additions 267 - 267
At 31 October 2023 1,141 3,036 4,177
Depreciation
At 1 November 2022 252 1,159 1,411
Charge for year 222 759 981
At 31 October 2023 474 1,918 2,392
Net book value
At 31 October 2023 667 1,118 1,785
At 31 October 2022 622 1,877 2,499

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 3,597 9,898
Directors' current accounts 3,619 -
7,216 9,898

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 1,560 1,521
Trade creditors - 50
Tax 1,964 -
Directors' current accounts - 15,860
Accruals and deferred income 2,208 2,207
5,732 19,638

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 1-2 years 1,599 1,560
Bank loans - 2-5 years 2,474 4,074
4,073 5,634

8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 339 -

RINNOVARE SERVICES LIMITED (REGISTERED NUMBER: 12252214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


8. Provisions for liabilities - continued

Deferred
tax
£   
Provided during year 339
Balance at 31 October 2023 339

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

10. Directors' advances, credits and guarantees

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

2023 2022
£    £   
Mr S L Hoyle and Mrs K Hoyle
Balance outstanding at start of year - -
Amounts advanced 3,619 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,619 -

At the balance sheet date the Directors owed the company £3,619 (2022: £Nil). The amount outstanding at the balance sheet date was repaid in full within 9 months of the year end.

11. Ultimate controlling party

The company is controlled by the directors Mr & Mrs Hoyle, who between them own 100% of the issued voting share capital.