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REGISTERED NUMBER: 01788078 (England and Wales)















RENTAJET GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025






RENTAJET GROUP LIMITED (REGISTERED NUMBER: 01788078)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025










Page

Company Information 1

Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


RENTAJET GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: C Twigg
I R Clarke
J Ings





SECRETARY: M Twigg





REGISTERED OFFICE: Paultons Park
Ower
Romsey
Hampshire
SO51 6AL





REGISTERED NUMBER: 01788078 (England and Wales)





ACCOUNTANTS: Rothmans CF Limited
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RENTAJET GROUP LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rentajet Group Limited for the year ended 31 January 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Rentajet Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rentajet Group Limited and state those matters that we have agreed to state to the Board of Directors of Rentajet Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rentajet Group Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rentajet Group Limited 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 Rentajet Group Limited. You consider that Rentajet Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rentajet Group Limited. 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.






Rothmans CF Limited
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR


22 April 2025

RENTAJET GROUP LIMITED (REGISTERED NUMBER: 01788078)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2025

2025 2024
Notes £ £ £
FIXED ASSETS
Tangible assets 4 1,173,416 1,301,049
Investments 5 2 2
1,173,418 1,301,051

CURRENT ASSETS
Debtors 6 955,421 743,332
Cash at bank and in hand 592,926 310,685
1,548,347 1,054,017
CREDITORS
Amounts falling due within one year 7 936,515 797,614
NET CURRENT ASSETS 611,832 256,403
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,785,250

1,557,454

CREDITORS
Amounts falling due after more than one
year

8

(146,179

)

(387,339

)

PROVISIONS FOR LIABILITIES 11 (278,203 ) (310,891 )
NET ASSETS 1,360,868 859,224

CAPITAL AND RESERVES
Called up share capital 695 695
Share premium 127,690 127,690
Capital redemption reserve 622 622
Retained earnings 1,231,861 730,217
SHAREHOLDERS' FUNDS 1,360,868 859,224

RENTAJET GROUP LIMITED (REGISTERED NUMBER: 01788078)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2025 and were signed on its behalf by:




C Twigg - Director I R Clarke - Director




J Ings - Director


RENTAJET GROUP LIMITED (REGISTERED NUMBER: 01788078)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


1. STATUTORY INFORMATION

Rentajet Group Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 01788078 and the registered office is Paultons Park, Ower, Romsey, Hampshire, SO51 6AL.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentation currency is £ sterling.

Going concern
The financial statements have been prepared on the going concern basis.

Preparation of consolidated financial statements
The financial statements contain information about Rentajet Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date, and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

1) Leases
A lease that does not transfer substantially all of the risks and rewards of ownership is classified as an operating lease and is therefore not included in the statement of financial position.

Other key sources of estimation uncertainty;

2) Tangible fixed assets
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. Residual value assessments consider issues such as market conditions, the remaining life of the asset and projected disposal values.

Turnover
Turnover represents net sales during the year (excluding value added tax) adjusted for accrued and deferred income where applicable.

Turnover is derived from the provision of water jetting services, and is recognised once the service is provided.

RENTAJET GROUP LIMITED (REGISTERED NUMBER: 01788078)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
All fixed assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation and accumulated impairment losses.

The cost of fixed assets initially recognised includes its purchase price and any cost that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in a manner intended by management.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant and machinery-15% straight line
Motor vehicles-25% reducing balance
Fixtures and fittings-15% reducing balance
Computer equipment-25% straight line

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Fixed assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the Income Statement.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company only has financial assets and liabilities of the kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and debt instruments are subsequently measured at amortised cost.

Taxation
Taxation for the period comprises current and deferred tax. Current tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessment in periods different from those in which they are recognised in the financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax asset 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

RENTAJET GROUP LIMITED (REGISTERED NUMBER: 01788078)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Where assets are financed by leasing agreements that give rights approximating to ownership, the assets are treated as if they have been purchased outright. The amount capitalised is the fair value of the asset concerned. The corresponding liability to the leasing company is included as an obligation under finance leases. Depreciation on leased assets is charged to the Income Statement over the shorter of the lease term and their useful life. Leasing payments are treated as consisting of capital and interest elements, and interest is charged to the income statement on a straight line basis which is considered to be a reasonable approximation to a constant rate of charge on the outstanding balance.

All other leases are treated as 'operating leases' and the relevant annual rentals are charged to the Income Statement on a straight line basis over the lease term.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the Income Statement in the period to which they relate.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2024 - 46 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 February 2024 2,706,002 7,947 788,797 63,377 3,566,123
Additions 158,251 - 27,404 14,026 199,681
Disposals (31,029 ) - (69,722 ) (2,800 ) (103,551 )
At 31 January 2025 2,833,224 7,947 746,479 74,603 3,662,253
DEPRECIATION
At 1 February 2024 1,893,303 3,909 325,786 42,076 2,265,074
Charge for year 176,540 803 115,755 11,509 304,607
Eliminated on disposal (28,551 ) - (50,001 ) (2,292 ) (80,844 )
At 31 January 2025 2,041,292 4,712 391,540 51,293 2,488,837
NET BOOK VALUE
At 31 January 2025 791,932 3,235 354,939 23,310 1,173,416
At 31 January 2024 812,699 4,038 463,011 21,301 1,301,049

The net book value of tangible fixed assets includes £563,029 (2024: £1,013,199) in respect of assets held under hire purchase contracts.

RENTAJET GROUP LIMITED (REGISTERED NUMBER: 01788078)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 February 2024
and 31 January 2025 2
NET BOOK VALUE
At 31 January 2025 2
At 31 January 2024 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade debtors 835,214 649,056
Other debtors 600 80
Prepayments and accrued income 119,607 94,196
955,421 743,332

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Hire purchase contracts (see note 9) 261,308 328,049
Trade creditors 124,493 184,551
Amounts owed to group undertakings 2 2
Social security and other taxes 433,443 210,950
Other creditors 23,217 9,019
Accruals and deferred income 94,052 65,043
936,515 797,614

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£ £
Hire purchase contracts (see note 9) 146,179 387,339

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£ £
Net obligations repayable:
Within one year 261,308 328,049
Between one and five years 146,179 387,339
407,487 715,388

RENTAJET GROUP LIMITED (REGISTERED NUMBER: 01788078)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


9. LEASING AGREEMENTS - continued

Non-cancellable
operating leases
2025 2024
£ £
Within one year 22,452 22,452
Between one and five years 89,808 89,808
In more than five years 22,452 44,904
134,712 157,164

10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£ £
Hire purchase contracts 407,487 715,388

The hire purchase contracts are secured over the assets to which they relate.

11. PROVISIONS FOR LIABILITIES
2025 2024
£ £
Deferred tax 278,203 310,891

Deferred tax
£
Balance at 1 February 2024 310,891
Movement (32,688 )
Balance at 31 January 2025 278,203

The provision for deferred tax relates solely to accelerated capital allowances.