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Registered number: 07717333
Renovatio Fire Safety Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
LPTA Limited
Chartered Certified Accountants
Priory Road
Priory Place
Tiptree
Essex
CO5 0QE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07717333
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 44,742 51,986
44,742 51,986
CURRENT ASSETS
Stocks 5 347 316
Debtors 6 64,475 83,212
Cash at bank and in hand 16,524 8,561
81,346 92,089
Creditors: Amounts Falling Due Within One Year 7 (64,124 ) (64,762 )
NET CURRENT ASSETS (LIABILITIES) 17,222 27,327
TOTAL ASSETS LESS CURRENT LIABILITIES 61,964 79,313
Creditors: Amounts Falling Due After More Than One Year 8 (46,291 ) (62,807 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,687 ) (4,063 )
NET ASSETS 12,986 12,443
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 12,886 12,343
SHAREHOLDERS' FUNDS 12,986 12,443
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For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul McWaters
Director
20th September 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Renovatio Fire Safety Limited Registered number 07717333 is a limited by shares company incorporated in England & Wales. The Registered Office is Priory Place Priory Road, Tiptree, Colchester, CO5 0QE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 17,458 68,169 4,290 89,917
Additions 3,942 - - 3,942
As at 29 February 2024 21,400 68,169 4,290 93,859
Depreciation
As at 1 March 2023 10,148 24,541 3,242 37,931
Provided during the period 2,178 8,726 282 11,186
As at 29 February 2024 12,326 33,267 3,524 49,117
Net Book Value
As at 29 February 2024 9,074 34,902 766 44,742
As at 1 March 2023 7,310 43,628 1,048 51,986
5. Stocks
2024 2023
£ £
Stock 347 316
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 29,590 36,583
Prepayments and accrued income 111 147
PLEO Financial 391 390
S455 Tax Debtor 11,383 11,383
Director's loan account 23,000 34,709
64,475 83,212
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 12,908 14,351
Trade creditors 16,646 20,547
Bank loans and overdrafts 3,333 3,333
Corporation tax 17,150 13,291
Other taxes and social security 383 310
VAT 12,448 12,930
Accruals and deferred income 1,256 -
64,124 64,762
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 28,791 41,973
Bank loans 17,500 20,834
46,291 62,807
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 12,908 14,351
Later than one year and not later than five years 28,791 41,973
41,699 56,324
41,699 56,324
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10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Dividends paid to directors
12. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 35,000 42,500
13. Ultimate Controlling Party
The company's ultimate controlling party is Mrs Gillian Gilbert by virtue of her ownership of 99% of the issued share capital in the company.
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