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Registered number: 13110034
The Renegade Group Limited
Unaudited Financial Statements
For the Period 1 February 2023 to 30 March 2024
DH Business Support
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13110034
30 March 2024 31 January 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 151,946 18,183
151,946 18,183
CURRENT ASSETS
Debtors 5 200,317 159,796
Cash at bank and in hand 150,345 181,775
350,662 341,571
Creditors: Amounts Falling Due Within One Year 6 (227,749 ) (208,679 )
NET CURRENT ASSETS (LIABILITIES) 122,913 132,892
TOTAL ASSETS LESS CURRENT LIABILITIES 274,859 151,075
NET ASSETS 274,859 151,075
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 274,858 151,074
SHAREHOLDERS' FUNDS 274,859 151,075
Page 1
Page 2
For the period ending 30 March 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 Otis Chamberlain
Director
11/03/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Renegade Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13110034 . The registered office is Applegate & Co Accountants, 2-8 Collinson Court, Frodsham, Cheshire, WA6 6PN.
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 or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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 18%
Motor Vehicles 18%
Fixtures & Fittings 18%
Computer Equipment 18%
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 6 (2023: 1)
6 1
Page 3
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2023 5,915 16,195 486 1,001 23,597
Additions 2,881 151,183 34,861 852 189,777
Disposals - (42,393 ) - - (42,393 )
As at 30 March 2024 8,796 124,985 35,347 1,853 170,981
Depreciation
As at 1 February 2023 1,065 3,934 87 328 5,414
Provided during the period 1,245 14,747 3,659 192 19,843
Disposals - (6,222 ) - - (6,222 )
As at 30 March 2024 2,310 12,459 3,746 520 19,035
Net Book Value
As at 30 March 2024 6,486 112,526 31,601 1,333 151,946
As at 1 February 2023 4,850 12,261 399 673 18,183
5. Debtors
30 March 2024 31 January 2023
£ £
Due within one year
Trade debtors 196,861 159,796
Amounts owed by group undertakings 1,000 -
Other debtors 2,456 -
200,317 159,796
6. Creditors: Amounts Falling Due Within One Year
30 March 2024 31 January 2023
£ £
Trade creditors 98,852 11,732
Bank loans and overdrafts - 780
Other creditors 18,457 769
Taxation and social security 110,440 195,398
227,749 208,679
7. Share Capital
30 March 2024 31 January 2023
£ £
Allotted, Called up and fully paid 1 1
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