RENATI RECOVERY LTD
Statement of financial position
as at 31 August 2024
Intangible assets
2,072
1,200
Tangible assets
14,231
21,958
Cash at bank and in hand
4,797
5,290
Creditors: amounts falling due within one year
(3,477)
(8,521)
Net current assets
16,028
204
Total assets less current liabilities
32,331
23,362
Creditors: amounts falling due after more than one year
(52,117)
(32,978)
Net liabilities
(19,786)
(9,616)
Called up share capital
100
100
Profit and loss account
(19,886)
(9,716)
Shareholders' funds
(19,786)
(9,616)
For the year ending 31 August 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 22 September 2024 and were signed on its behalf by
Aqil Shah
Director
Company Registration No. 12785530
RENATI RECOVERY LTD
Notes to the Accounts
for the year ended 31 August 2024
RENATI RECOVERY LTD is a private company, limited by shares, registered in England and Wales, registration number 12785530. The registered office is 215 HAYLEY COURT, LINFORD WOOD, MILTON KEYNES, MK14 6GD, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Computer equipment
20% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
RENATI RECOVERY LTD
Notes to the Accounts
for the year ended 31 August 2024
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
44,339
624
44,963
At 31 August 2024
44,339
2,647
46,986
At 1 September 2023
22,757
248
23,005
Charge for the year
8,868
882
9,750
At 31 August 2024
31,625
1,130
32,755
At 31 August 2024
12,714
1,517
14,231
At 31 August 2023
21,582
376
21,958
Amounts falling due within one year
Accrued income and prepayments
2,810
3,335
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
69
507
Loans from directors
-
6,000
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
267
978
Other creditors
9,500
5,000
on other debtors we have:
Director £11,450 ,Accounts Receivable £65, PAYE £383
RENATI RECOVERY LTD
Notes to the Accounts
for the year ended 31 August 2024
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).