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Registration number: 08970761

Rendle Ferguson Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Rendle Ferguson Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

Rendle Ferguson Limited

Company Information

Director

T D Ferguson

Company secretary

H L Ferguson

Registered office

127 Rylston Road
London
Greater London
SW6 7HP

Accountants

Four Fifty Partnership
Chartered Accountants
34 Boulevard
Weston-super-Mare
Somerset
BS23 1NF

 

Rendle Ferguson Limited

(Registration number: 08970761)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Debtors

5

52,767

56,965

Creditors: Amounts falling due within one year

6

(40,983)

(52,069)

Total assets less current liabilities

 

11,784

4,896

Creditors: Amounts falling due after more than one year

6

(6,047)

(6,877)

Net assets/(liabilities)

 

5,737

(1,981)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

5,637

(2,081)

Shareholders' funds/(deficit)

 

5,737

(1,981)

For the financial year ending 31 March 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 27 March 2024
 

.........................................
T D Ferguson
Director

 

Rendle Ferguson Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
127 Rylston Road
London
Greater London
SW6 7HP
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is Pound Sterling (£).

 

Rendle Ferguson Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Rendle Ferguson Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Rendle Ferguson Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

1,526

1,526

At 31 March 2024

1,526

1,526

Depreciation

At 1 April 2023

1,526

1,526

At 31 March 2024

1,526

1,526

Carrying amount

At 31 March 2024

-

-

5

Debtors

Current

2024
£

2023
£

Other debtors

52,767

56,965

 

52,767

56,965

 

Rendle Ferguson Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

2,938

8,675

Trade creditors

 

2,066

1,333

Taxation and social security

 

35,246

40,861

Accruals and deferred income

 

733

733

Other creditors

 

-

467

 

40,983

52,069

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

6,047

6,877

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

6,047

6,877

Current loans and borrowings

2024
£

2023
£

Bank borrowings

950

950

Bank overdrafts

1,988

7,725

2,938

8,675

 

Rendle Ferguson Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A shares of £1 each

50

50

50

50

Ordinary B shares of £1 each

50

50

50

50

100

100

100

100

9

Related party transactions

Transactions with the director

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

T D Ferguson

40,190

4,481

(16,295)

28,376

 

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

T D Ferguson

41,155

119

(1,084)

40,190

 

Rendle Ferguson Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

9

Related party transactions (continued)

 

Summary of transactions with other related parties

Blowleaf Limited

A company under common control of the director.

As at the balance sheet date the company was owed £2,915 (2023 - the company owed £467). The company considers this loan to be interest free and repayable on demand.

Henrietta Ferguson Limited

A company under common control of the director.

As at the balance sheet date the company was owed £8,100 (2023 - £3,400) from Henrietta Ferguson Limited. The company considers this loan to be interest free and repayable on demand.