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REGISTERED NUMBER: 12148378 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Renco Building Services Ltd

Renco Building Services Ltd (Registered number: 12148378)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Renco Building Services Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs J A Darwin
Mrs S Roe
S C Peart





SECRETARY:





REGISTERED OFFICE: Unit 7 Lucas Bridge Business Park
Old Greens Norton Road
Towcester
NN12 8AX





REGISTERED NUMBER: 12148378 (England and Wales)





ACCOUNTANT: BFN Accounts & Tax Limited
Hillcrest
22 Church Street
Blakesley
Towcester
NN12 8RA

Renco Building Services Ltd (Registered number: 12148378)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 159,581 187,913

CURRENT ASSETS
Stocks 40,000 90,575
Debtors 5 559,208 489,800
Cash at bank and in hand 33,294 23,803
632,502 604,178
CREDITORS
Amounts falling due within one year 6 500,398 509,160
NET CURRENT ASSETS 132,104 95,018
TOTAL ASSETS LESS CURRENT LIABILITIES 291,685 282,931

CREDITORS
Amounts falling due after more than one year 7 (138,296 ) (151,975 )

PROVISIONS FOR LIABILITIES (35,043 ) (41,817 )
NET ASSETS 118,346 89,139

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 118,246 89,039
118,346 89,139

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





Mrs J A Darwin - Director


Renco Building Services Ltd (Registered number: 12148378)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Renco Building Services Ltd 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 cost and 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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
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
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.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2022 - 9 ) .

Renco Building Services Ltd (Registered number: 12148378)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 254,419
Additions 42,563
At 30 November 2023 296,982
DEPRECIATION
At 1 December 2022 66,506
Charge for year 70,895
At 30 November 2023 137,401
NET BOOK VALUE
At 30 November 2023 159,581
At 30 November 2022 187,913

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

Plant and
machinery
etc
£   
COST
At 1 December 2022 170,825
Additions 42,563
At 30 November 2023 213,388
DEPRECIATION
At 1 December 2022 29,289
Charge for year 50,445
At 30 November 2023 79,734
NET BOOK VALUE
At 30 November 2023 133,654
At 30 November 2022 141,536

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 398,141 385,503
Other debtors 161,067 104,297
559,208 489,800

Renco Building Services Ltd (Registered number: 12148378)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 43,633 46,788
Hire purchase contracts 43,229 27,840
Trade creditors 81,433 190,696
Taxation and social security 86,082 62,644
Other creditors 246,021 181,192
500,398 509,160

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 138,296 151,975