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Registered number: 12435174
Renovation Planner Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Smartax Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12435174
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,840 9,232
6,840 9,232
CURRENT ASSETS
Debtors 5 32,860 20,789
Cash at bank and in hand 13,917 14,501
46,777 35,290
Creditors: Amounts Falling Due Within One Year 6 (23,437 ) (24,845 )
NET CURRENT ASSETS (LIABILITIES) 23,340 10,445
TOTAL ASSETS LESS CURRENT LIABILITIES 30,180 19,677
NET ASSETS 30,180 19,677
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 30,179 19,676
SHAREHOLDERS' FUNDS 30,180 19,677
Page 1
Page 2
For the year ending 31 January 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 Brent Mcdougall
Director
10/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Renovation Planner Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12435174 . The registered office is 15 Spring Lane, Hemel Hempstead, England, HP1 3QH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Straight Line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 10,000 670 10,670
As at 31 January 2024 10,000 670 10,670
Depreciation
As at 1 February 2023 1,103 335 1,438
Provided during the period 2,224 168 2,392
As at 31 January 2024 3,327 503 3,830
...CONTINUED
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Net Book Value
As at 31 January 2024 6,673 167 6,840
As at 1 February 2023 8,897 335 9,232
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,860 15,509
Prepayments and accrued income 25,000 -
Other taxes and social security - 2,356
Director's loan account - 2,924
32,860 20,789
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 190
Corporation tax 3,126 10,616
Other taxes and social security 1,617 -
VAT 3,027 11,889
Net wages 1,056 -
Accruals and deferred income 1,800 2,150
Director's loan account 12,811 -
23,437 24,845
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4