Company registration number 14048571 (England and Wales)
RENO RECORDS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
RENO RECORDS LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
RENO RECORDS LTD
STATEMENT OF FINANCIAL POSITION
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
786
1,111
Current assets
Debtors
4,322
56,227
Cash at bank and in hand
41,240
39,988
45,562
96,215
Creditors: amounts falling due within one year
(532,582)
(432,726)
Net current liabilities
(487,020)
(336,511)
Net liabilities
(486,234)
(335,400)
Capital and reserves
Called up share capital
4
1
1
Profit and loss reserves
(486,235)
(335,401)
Total equity
(486,234)
(335,400)

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 26 September 2024
Ms R J Leavesley
Director
Company registration number 14048571 (England and Wales)
RENO RECORDS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information

Reno Records Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 6 Manor Park Business Centre, Mackenzie Way, Cheltenham, Gloucestershire, England, GL51 9TX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

 

1.2
Going concern

The director has considered the working capital needs of the company for a period of greater than twelve months. She believes that she will be able to generate sufficient funds to enable the company to continue to operate for at least that period. As a result, the director considers that the company can continue to operate as a going concern and has produced the financial statements on that basis.true

1.3
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 

Revenue is recognised at the point of receipt.

 

1.4
Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computers
25% on cost
1.5
Taxation
Current tax

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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 statement of financial position date.

RENO RECORDS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Total
£
Cost
At 1 May 2023 and 30 April 2024
1,300
Depreciation and impairment
At 1 May 2023
189
Depreciation charged in the year
325
At 30 April 2024
514
Carrying amount
At 30 April 2024
786
At 30 April 2023
1,111
4
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
1 Ordinary share of £1 each
1
1
1
1
5
Related party transactions

Ms R J Leavesley

Sole director and shareholder

 

In a previous period, Ms Leavesley loaned the company £392,001. During the period, the related party loaned the company a further £135,112. This amount is unsecured, interest free and repayable on demand.

2024-04-302023-05-01falseCCH SoftwareCCH Accounts Production 2024.100No description of principal activityMs R J Leavesleyfalsefalse1140485712023-05-012024-04-30140485712024-04-30140485712023-04-3014048571core:CurrentFinancialInstrumentscore:WithinOneYear2024-04-3014048571core:CurrentFinancialInstrumentscore:WithinOneYear2023-04-3014048571core:ShareCapital2024-04-3014048571core:ShareCapital2023-04-3014048571core:RetainedEarningsAccumulatedLosses2024-04-3014048571core:RetainedEarningsAccumulatedLosses2023-04-3014048571bus:Director12023-05-012024-04-3014048571core:ComputerEquipment2023-05-012024-04-30140485712023-04-3014048571bus:PrivateLimitedCompanyLtd2023-05-012024-04-3014048571bus:SmallCompaniesRegimeForAccounts2023-05-012024-04-3014048571bus:FRS1022023-05-012024-04-3014048571bus:AuditExempt-NoAccountantsReport2023-05-012024-04-3014048571bus:FullAccounts2023-05-012024-04-30xbrli:purexbrli:sharesiso4217:GBP