4 01/01/2024 31/12/2024 2024-12-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2024-01-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 03560865 2024-01-01 2024-12-31 03560865 2024-12-31 03560865 2023-12-31 03560865 2023-01-01 2023-12-31 03560865 2023-12-31 03560865 2022-12-31 03560865 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 03560865 bus:Director1 2024-01-01 2024-12-31 03560865 core:NetGoodwill 2024-12-31 03560865 core:FurnitureFittingsToolsEquipment 2023-12-31 03560865 core:FurnitureFittingsToolsEquipment 2024-12-31 03560865 core:MotorVehicles 2024-12-31 03560865 core:WithinOneYear 2024-12-31 03560865 core:WithinOneYear 2023-12-31 03560865 core:ShareCapital 2024-12-31 03560865 core:ShareCapital 2023-12-31 03560865 core:CapitalRedemptionReserve 2024-12-31 03560865 core:CapitalRedemptionReserve 2023-12-31 03560865 core:RetainedEarningsAccumulatedLosses 2024-12-31 03560865 core:RetainedEarningsAccumulatedLosses 2023-12-31 03560865 core:MotorVehicles 2024-01-01 2024-12-31 03560865 core:NetGoodwill 2023-12-31 03560865 core:FurnitureFittingsToolsEquipment 2023-12-31 03560865 bus:Director1 2023-12-31 03560865 bus:Director1 2023-12-31 03560865 bus:Director1 2023-01-01 2023-12-31 03560865 bus:SmallEntities 2024-01-01 2024-12-31 03560865 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03560865 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03560865 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03560865 bus:FullAccounts 2024-01-01 2024-12-31
Company registration number: 03560865
Renaix Limited
Unaudited filleted financial statements
31 December 2024
Renaix Limited
Contents
Statement of financial position
Notes to the financial statements
Renaix Limited
Statement of financial position
31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 25,255 544
_______ _______
25,255 544
Current assets
Debtors 7 526,498 599,488
Cash at bank and in hand 29,057 112,526
_______ _______
555,555 712,014
Creditors: amounts falling due
within one year 8 ( 60,286) ( 61,851)
_______ _______
Net current assets 495,269 650,163
_______ _______
Total assets less current liabilities 520,524 650,707
_______ _______
Net assets 520,524 650,707
_______ _______
Capital and reserves
Called up share capital 600 600
Capital redemption reserve 600 600
Profit and loss account 519,324 649,507
_______ _______
Shareholder funds 520,524 650,707
_______ _______
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 07 March 2025 , and are signed on behalf of the board by:
Mr P Jarrett
Director
Company registration number: 03560865
Renaix Limited
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5A Underwood Street, London, N1 7LY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
No provision for deferred taxation has been provided for in the financial statements, due to the amount not being material.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 January 2024 and 31 December 2024 93,000 93,000
_______ _______
Amortisation
At 1 January 2024 and 31 December 2024 93,000 93,000
_______ _______
Carrying amount
At 31 December 2024 - -
_______ _______
At 31 December 2023 - -
_______ _______
6. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 January 2024 29,173 - 29,173
Additions - 27,750 27,750
_______ _______ _______
At 31 December 2024 29,173 27,750 56,923
_______ _______ _______
Depreciation
At 1 January 2024 28,629 - 28,629
Charge for the year 264 2,775 3,039
_______ _______ _______
At 31 December 2024 28,893 2,775 31,668
_______ _______ _______
Carrying amount
At 31 December 2024 280 24,975 25,255
_______ _______ _______
At 31 December 2023 544 - 544
_______ _______ _______
7. Debtors
2024 2023
£ £
Trade debtors - 33,586
Other debtors 526,498 565,902
_______ _______
526,498 599,488
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 1,508 542
Corporation tax - 50,529
Social security and other taxes - 5,838
Other creditors 58,778 4,942
_______ _______
60,286 61,851
_______ _______
9. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr P Jarrett 1,250 - ( 1,250) -
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr P Jarrett - 1,250 - 1,250
_______ _______ _______ _______