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Registered number: 11836994
Renovate Bristol Ltd
Financial Statements
For The Year Ended 28 February 2024
Oakensen (Bristol)
Chartered Accountants
Westbury Court Church Road
Westbury-on-Trym
Bristol
BS9 3EF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11836994
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 4,700
- 4,700
CURRENT ASSETS
Debtors 5 11,522 12,745
Cash at bank and in hand 3,797 549
15,319 13,294
Creditors: Amounts Falling Due Within One Year 6 (10,228 ) (8,563 )
NET CURRENT ASSETS (LIABILITIES) 5,091 4,731
TOTAL ASSETS LESS CURRENT LIABILITIES 5,091 9,431
Creditors: Amounts Falling Due After More Than One Year 7 (4,702 ) (8,989 )
NET ASSETS 389 442
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 289 342
SHAREHOLDERS' FUNDS 389 442
Page 1
Page 2
For the year ending 28 February 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 D J Osborne
Director
14 November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Renovate Bristol Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11836994 . The registered office is 55 Headley Lane, Bristol, BS13 7QL.
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. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Plant & Machinery 5 years straight line
Motor Vehicles 5 years straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 March 2023 5,000 18,500 23,500
As at 28 February 2024 5,000 18,500 23,500
Depreciation
As at 1 March 2023 4,000 14,800 18,800
Provided during the period 1,000 3,700 4,700
As at 28 February 2024 5,000 18,500 23,500
Net Book Value
As at 28 February 2024 - - -
As at 1 March 2023 1,000 3,700 4,700
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 8,306 12,745
Due after more than one year
Other debtors 3,216 -
11,522 12,745
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 4,279 4,011
Other taxes and social security 3,861 3,216
Other creditors 528 276
Accruals and deferred income 1,560 1,060
10,228 8,563
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,702 8,989
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5