Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312true32023-06-01falseEnvironmental Consulting ActivitiestrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14103764 2023-06-01 2024-05-31 14103764 2022-06-01 2023-05-31 14103764 2024-05-31 14103764 2023-05-31 14103764 c:Director1 2023-06-01 2024-05-31 14103764 c:Director2 2023-06-01 2024-05-31 14103764 c:Director3 2023-06-01 2024-05-31 14103764 d:OfficeEquipment 2023-06-01 2024-05-31 14103764 d:OfficeEquipment 2024-05-31 14103764 d:OfficeEquipment 2023-05-31 14103764 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 14103764 d:CurrentFinancialInstruments 2024-05-31 14103764 d:CurrentFinancialInstruments 2023-05-31 14103764 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 14103764 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 14103764 d:ShareCapital 2024-05-31 14103764 d:ShareCapital 2023-05-31 14103764 d:RetainedEarningsAccumulatedLosses 2024-05-31 14103764 d:RetainedEarningsAccumulatedLosses 2023-05-31 14103764 c:OrdinaryShareClass1 2023-06-01 2024-05-31 14103764 c:OrdinaryShareClass1 2024-05-31 14103764 c:OrdinaryShareClass1 2023-05-31 14103764 c:FRS102 2023-06-01 2024-05-31 14103764 c:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 14103764 c:FullAccounts 2023-06-01 2024-05-31 14103764 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14103764 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14103764










RENGRID2030 LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
RENGRID2030 LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RENGRID2030 LTD
FOR THE YEAR ENDED 31 MAY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rengrid2030 Ltd for the year ended 31 May 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Rengrid2030 Ltd, as a body, in accordance with the terms of our engagement letter dated 14 June 2022Our work has been undertaken solely to prepare for your approval the financial statements of Rengrid2030 Ltd and state those matters that we have agreed to state to the Board of Directors of Rengrid2030 Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rengrid2030 Ltd and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Rengrid2030 Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rengrid2030 Ltd. You consider that Rengrid2030 Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Rengrid2030 Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
12 Church Street
Cromer
Norfolk
NR27 9ER
22 October 2024
Page 1

 
RENGRID2030 LTD
REGISTERED NUMBER: 14103764

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,197
1,498

  
1,197
1,498

Current assets
  

Work in Progress at the year end
  
-
16,321

Debtors: amounts falling due within one year
 5 
23,416
-

Cash at bank and in hand
 6 
4,807
402

  
28,223
16,723

Creditors: amounts falling due within one year
 7 
(26,935)
(17,986)

Net current assets/(liabilities)
  
 
 
1,288
 
 
(1,263)

Total assets less current liabilities
  
2,485
235

  

Net assets
  
2,485
235


Capital and reserves
  

Called up share capital 
 8 
150
100

Profit and loss account
  
2,335
135

  
2,485
235


Page 2

 
RENGRID2030 LTD
REGISTERED NUMBER: 14103764
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 October 2024.




................................................
T  G Hilton
................................................
A G Hilton
Director
Director



................................................
A Ward
Director




The notes on pages 4 to 7 form part of these financial statements.
Page 3

 
RENGRID2030 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

The Company is a private Company limited by shares. It was incorporated on 12 May 2022 and is both incorporated and domiciled in England and Wales. The address of its registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ. The Company's principal activity is environmental consulting activities. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 4

 
RENGRID2030 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
RENGRID2030 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
2023
£
£

Wages and salaries
37,710
-

37,710
-


The average monthly number of employees, including directors, during the year was 3 (2023 - 2).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 June 2023
1,872



At 31 May 2024

1,872



Depreciation


At 1 June 2023
375


Charge for the year on owned assets
300



At 31 May 2024

675



Net book value



At 31 May 2024
1,197



At 31 May 2023
1,498


5.


Debtors

2024
2023
Page 6

 
RENGRID2030 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.Debtors (continued)

£
£


Other debtors
23,416
-

23,416
-



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
4,807
402

4,807
402



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
18,566
11,837

Other taxation and social security
1,927
-

Other creditors
-
4,948

Accruals and deferred income
6,442
1,201

26,935
17,986



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



150 (2023 - 100) Ordinary shares of £1.00 each
150
100


The Company has issued 150 Ordinary shares during the period, each with a nominal value of £1.00. Therefore, there are 150 Ordinary shares in issue of £150.

 
Page 7