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REGISTERED NUMBER: 12718732 (England and Wales)






Renewable Energy Domestic Design Limited

Financial Statements

for the Year Ended 31 December 2023






Renewable Energy Domestic Design Limited (Registered number: 12718732)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Renewable Energy Domestic Design Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: Mr C C Holroyd
Mr N D Stone
Mr R C Marsden





SECRETARY: Mrs J M Stone





REGISTERED OFFICE: Unit 3
Sandbeds Trading Estate
Dewsbury Road
Ossett
West Yorkshire
WF5 9ND





REGISTERED NUMBER: 12718732 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

Renewable Energy Domestic Design Limited (Registered number: 12718732)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 35,393 44,791

CURRENT ASSETS
Stocks 3,960 -
Debtors 5 207,129 178,559
Cash at bank 79,797 80,757
290,886 259,316
CREDITORS
Amounts falling due within one year 6 272,028 246,405
NET CURRENT ASSETS 18,858 12,911
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,251

57,702

CREDITORS
Amounts falling due after more than one
year

7

(17,165

)

(19,267

)

PROVISIONS FOR LIABILITIES (8,848 ) (11,198 )
NET ASSETS 28,238 27,237

Renewable Energy Domestic Design Limited (Registered number: 12718732)

Balance Sheet - continued
31 December 2023

2023 2022
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 28,138 27,137
SHAREHOLDERS' FUNDS 28,238 27,237

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 16 September 2024 and were signed on its behalf by:





Mr R C Marsden - Director


Renewable Energy Domestic Design Limited (Registered number: 12718732)

Notes to the Financial Statements
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Renewable Energy Domestic Design Limited is a private limited 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. The company's principal place of business is Unit A, Washington Court, Windmill Avenue, Kettering, NN16 0UE.

The functional and presentation currency for the company is pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Office equipment, fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

Tangible fixed assets are initially recorded at 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.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


Renewable Energy Domestic Design Limited (Registered number: 12718732)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. ACCOUNTING POLICIES - continued
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 11 (2022 - 11 ) .

Renewable Energy Domestic Design Limited (Registered number: 12718732)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Office
equipment,
fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 1 January 2023 8,037 31,644 23,981 63,662
Additions 1,660 - 1,734 3,394
At 31 December 2023 9,697 31,644 25,715 67,056
DEPRECIATION
At 1 January 2023 2,473 7,911 8,487 18,871
Charge for year 1,890 5,933 4,969 12,792
At 31 December 2023 4,363 13,844 13,456 31,663
NET BOOK VALUE
At 31 December 2023 5,334 17,800 12,259 35,393
At 31 December 2022 5,564 23,733 15,494 44,791

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 1 January 2023
and 31 December 2023 31,644
DEPRECIATION
At 1 January 2023 7,911
Charge for year 5,933
At 31 December 2023 13,844
NET BOOK VALUE
At 31 December 2023 17,800
At 31 December 2022 23,733

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 201,269 173,031
Prepayments and accrued income 5,860 5,528
207,129 178,559

Renewable Energy Domestic Design Limited (Registered number: 12718732)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Hire purchase contracts (see note 8) 2,102 2,102
Trade creditors 24,846 3,926
Tax 93,305 50,260
Social security and other taxes 10,364 8,894
VAT 64,761 53,849
Other creditors - 21,000
Directors' current accounts 60,550 80,550
Accruals and deferred income 16,100 25,824
272,028 246,405

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Hire purchase contracts (see note 8) 17,165 19,267

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£ £
Net obligations repayable:
Within one year 2,102 2,102
Between one and five years 17,165 19,267
19,267 21,369

Non-cancellable
operating leases
2023 2022
£ £
Within one year 9,500 19,000
Between one and five years - 9,500
9,500 28,500

Renewable Energy Domestic Design Limited (Registered number: 12718732)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Hire purchase contracts 19,267 21,369

Obligations under hire purchase are secured against the asset to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
20 A Ordinary £1 20 20
20 B Ordinary £1 20 20
19 C Ordinary £1 19 19
1 D Ordinary £1 1 1
20 E Ordinary £1 20 20
20 F Ordinary £1 20 20
100 100