Registered number
04211072
Rendac Packaging Solutions Limited
Filleted Accounts
31 January 2024
Adams Root Limited t/a Adams Root & Associates
Chartered Certified Accountants
Bristol
Rendac Packaging Solutions Limited
Registered number: 04211072
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 101,112 38,983
Current assets
Stocks 37,200 42,953
Debtors 4 593,265 578,719
Cash at bank and in hand 109,818 189,760
740,283 811,432
Creditors: amounts falling due within one year 5 (473,914) (470,894)
Net current assets 266,369 340,538
Total assets less current liabilities 367,481 379,521
Creditors: amounts falling due after more than one year 6 (50,000) (50,000)
Net assets 317,481 329,521
Capital and reserves
Called up share capital 64 64
Capital redemption reserve 36 36
Profit and loss account 317,381 329,421
Shareholders' funds 317,481 329,521
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs D Offer
Director
Approved by the board on 27 October 2024
Rendac Packaging Solutions Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 15 15
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 February 2023 133,537 13,523 147,060
Additions 75,000 - 75,000
At 31 January 2024 208,537 13,523 222,060
Depreciation
At 1 February 2023 94,684 13,393 108,077
Charge for the year 12,838 33 12,871
At 31 January 2024 107,522 13,426 120,948
Net book value
At 31 January 2024 101,015 97 101,112
At 31 January 2023 38,853 130 38,983
4 Debtors 2024 2023
£ £
Trade debtors 566,164 568,444
Other debtors 27,101 10,275
593,265 578,719
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 278,440 269,276
Corporation tax 109,175 125,872
Other taxes and social security costs 46,618 62,765
Other creditors 39,681 12,981
473,914 470,894
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 50,000 50,000
7 Other information
Rendac Packaging Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
86 Shirehampton Road
Stoke Bishop
Bristol
BS9 2DR
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