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Company Registration No. 04805401 (England and Wales)
Rent A Fin Limited Unaudited accounts for the year ended 31 July 2024
Rent A Fin Limited Unaudited accounts Contents
Page
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Rent A Fin Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,402 
1,553 
Current assets
Debtors
385 
304 
Cash at bank and in hand
3,508 
729 
3,893 
1,033 
Creditors: amounts falling due within one year
(3,971)
(5,130)
Net current liabilities
(78)
(4,097)
Total assets less current liabilities
2,324 
(2,544)
Provisions for liabilities
Deferred tax
(456)
(443)
Net assets/(liabilities)
1,868 
(2,987)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
1,866 
(2,989)
Shareholders' funds
1,868 
(2,987)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 September 2024 and were signed on its behalf by
N Cossey Director Company Registration No. 04805401
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Rent A Fin Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Rent A Fin Limited is a private company, limited by shares, registered in England and Wales, registration number 04805401. The registered office is 18 The Albany, Ipswich, Suffolk, IP4 2TP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Stocks
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 items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
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Rent A Fin Limited Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2023
14,507 
Additions
1,450 
At 31 July 2024
15,957 
Depreciation
At 1 August 2023
12,954 
Charge for the year
601 
At 31 July 2024
13,555 
Net book value
At 31 July 2024
2,402 
At 31 July 2023
1,553 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
385 
304 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
2,280 
868 
Other creditors
1,691 
1,922 
Deferred income
- 
2,340 
3,971 
5,130 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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