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REGISTERED NUMBER: 13236926 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Renewable Systems Ltd

Renewable Systems Ltd (Registered number: 13236926)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Renewable Systems Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P Ikechukwu Igwe
M Bolton





REGISTERED OFFICE: 85 Great Portland Street
First Floor
England
W1W 7LT





REGISTERED NUMBER: 13236926 (England and Wales)





ACCOUNTANTS: Gilroy & Brookes Accountants Ltd
Suite 15
The Enterprise Centre
Coxbridge Business Park
Farnham
Surrey
GU10 5EH

Renewable Systems Ltd (Registered number: 13236926)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 92,630 69,090
Cash at bank 297 24,381
92,927 93,471
CREDITORS
Amounts falling due within one year 5 (46,080 ) (45,600 )
NET CURRENT ASSETS 46,847 47,871
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,847

47,871

CAPITAL AND RESERVES
Called up share capital 6 100 100
Share premium 49,990 49,990
Retained earnings (3,243 ) (2,219 )
SHAREHOLDERS' FUNDS 46,847 47,871

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 10 October 2024 and were signed on its behalf by:





P Ikechukwu Igwe - Director


Renewable Systems Ltd (Registered number: 13236926)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Renewable Systems 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.

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 asset is not recognised as it is not probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
intercompany-Antaco UK Limited 92,318 69,090
Other debtors 132 -
VAT 180 -
92,630 69,090

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Intercompany- Biofuel solutios 45,000 45,000
Accruals and deferred income 1,080 600
46,080 45,600

Renewable Systems Ltd (Registered number: 13236926)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
9,000 Ordinary 0.01 90 90
1,000 Ordinary C 0.01 10 10
100 100

7. POST BALANCE SHEET EVENTS

The parent company Antaco (UK) Limited is currently looking for additional funding to continue to develop the transformation of organic material into a biofuel, classed as a renewable energy source, using the HTC process.