Registered number
08006222
Rendserve Limited
Filleted Accounts
31 March 2024
Rendserve Limited
Registered number: 08006222
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 62,522 64,353
Current assets
Stocks 586,738 314,171
Debtors 4 332,932 305,361
Cash at bank and in hand 176,358 284,483
1,096,028 904,015
Creditors: amounts falling due within one year 5 (506,360) (322,459)
Net current assets 589,668 581,556
Net assets 652,190 645,909
Capital and reserves
Called up share capital 100 100
Profit and loss account 652,090 645,809
Shareholders' funds 652,190 645,909
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K J Dorozko
Director
Approved by the board on 15 August 2024
Rendserve Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Computer equipment 33.3% straight line
Fixtures, fittings & equipment 20% reducing balance
Motor vehicles 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 23,582 12,316 104,948 140,846
Additions 917 120 17,084 18,121
Disposals - (548) (12,750) (13,298)
At 31 March 2024 24,499 11,888 109,282 145,669
Depreciation
At 1 April 2023 13,903 8,096 54,494 76,493
Charge for the year 2,119 839 12,672 15,630
On disposals - (403) (8,573) (8,976)
At 31 March 2024 16,022 8,532 58,593 83,147
Net book value
At 31 March 2024 8,477 3,356 50,689 62,522
At 31 March 2023 9,679 4,220 50,454 64,353
4 Debtors 2024 2023
£ £
Trade debtors 277,819 232,251
Other debtors 55,113 73,110
332,932 305,361
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 413,743 287,217
Taxation and social security costs 33,976 28,515
Other creditors 58,641 6,727
506,360 322,459
6 Other information
Rendserve Limited is a private company limited by shares and incorporated in England. Its registered office is:
14 Charnwood Office Village
Off North Road
Loughborough
LE11 1QJ
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