Registered number
10747381
Renewable Access Systems Limited
Filleted Accounts
31 May 2024
Renewable Access Systems Limited
Registered number: 10747381
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,683 3,550
Current assets
Debtors 4 3,246 12,000
Cash at bank and in hand - 26
3,246 12,026
Creditors: amounts falling due within one year 5 (10,314) (8,222)
Net current (liabilities)/assets (7,068) 3,804
Total assets less current liabilities (4,385) 7,354
Creditors: amounts falling due after more than one year 6 (6,410) (6,586)
Provisions for liabilities (510) (674)
Net (liabilities)/assets (11,305) 94
Capital and reserves
Called up share capital 1 1
Profit and loss account (11,306) 93
Shareholder's funds (11,305) 94
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Martin Levy Andersson
Director
Approved by the board on 9 January 2025
Renewable Access Systems Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Fixtures, fittings, tools & equipment Motor vehicles Total
£ £ £
Cost
At 1 June 2023 820 11,900 12,720
At 31 May 2024 820 11,900 12,720
Depreciation
At 1 June 2023 392 8,778 9,170
Charge for the year 86 781 867
At 31 May 2024 478 9,559 10,037
Net book value
At 31 May 2024 342 2,341 2,683
At 31 May 2023 428 3,122 3,550
4 Debtors 2024 2023
£ £
Other debtors 3,246 12,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,120 1,944
Taxation and social security costs (44) 5,428
Other creditors 8,238 850
10,314 8,222
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 6,410 6,586
8 Going concern
The financial statements have been prepared on a going concern basis. At the reporting date, had net liabilities of £11,305.

The director has reviewed the company’s financial position and forecasts and acknowledge that the company’s ability to continue as a going concern is dependent on improving trading conditions. While the directors remain confident that trading will improve, they recognise that material uncertainties exist that may cast significant doubt on the company’s ability to continue in operational existence. Nevertheless, the director believes that the going concern basis remains appropriate.
9 Other information
Renewable Access Systems Limited is a private company limited by shares and incorporated in England. Its registered office is:
Horton House
2 Urmston Lane
Stretford
Manchester
M32 9BP
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