Company Registration No. 06657664 (England and Wales)
REN-IT LIMITED
Unaudited accounts
for the year ended 14 August 2024
REN-IT LIMITED
Unaudited accounts
Contents
REN-IT LIMITED
Company Information
for the year ended 14 August 2024
Company Number
06657664 (England and Wales)
Registered Office
77 Argyle Road
West Ealing
London
W13 0LZ
Accountants
Kumaran & Co
16 The Fairway
Northolt
Middlesex
UB5 4SL
REN-IT LIMITED
Accountants' report
Accountants' report to the director of REN-IT LIMITED on the preparation of the unaudited statutory accounts for the year ended 14 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
REN-IT LIMITED for the year ended
14 August 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of REN-IT LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of REN-IT LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than REN-IT LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that REN-IT LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of REN-IT LIMITED. You consider that REN-IT 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 accounts of REN-IT 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 accounts.
Kumaran & Co
16 The Fairway
Northolt
Middlesex
UB5 4SL
9 May 2025
REN-IT LIMITED
Statement of financial position
as at 14 August 2024
Intangible assets
175,947
175,947
Tangible assets
46,079
60,539
Inventories
462,500
364,000
Cash at bank and in hand
91,423
2,305
Creditors: amounts falling due within one year
(350,755)
(223,161)
Net current assets
203,168
143,144
Total assets less current liabilities
425,194
379,630
Provisions for liabilities
Deferred tax
(9,064)
(9,399)
Net assets
416,130
370,231
Called up share capital
132,770
132,770
Profit and loss account
283,360
237,461
Shareholders' funds
416,130
370,231
For the year ending 14 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 May 2025 and were signed on its behalf by
J Paull
Director
Company Registration No. 06657664
REN-IT LIMITED
Notes to the Accounts
for the year ended 14 August 2024
REN-IT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06657664. The registered office is 77 Argyle Road, West Ealing, London, W13 0LZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Depreciation at 25% on reducing balance basis
Motor vehicles
Depreciation at 25% on reducing balance basis
Fixtures & fittings
Depreciation at 25% on reducing balance basis
Computer equipment
Depreciation at 25% on reducing balance basis
Other tangible fixed assets
Depreciation at 25% on reducing balance basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost
4
Intangible fixed assets
Other
REN-IT LIMITED
Notes to the Accounts
for the year ended 14 August 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 15 August 2023
-
60,235
66,937
39,539
166,711
At 14 August 2024
-
60,235
67,837
39,539
167,611
At 15 August 2023
89,702
16,470
-
-
106,172
Charge for the year
4,419
10,941
-
-
15,360
At 14 August 2024
94,121
27,411
-
-
121,532
At 14 August 2024
(94,121)
32,824
67,837
39,539
46,079
At 14 August 2023
(89,702)
43,765
66,937
39,539
60,539
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
16,134
16,450
Loans from directors
320,685
195,981
7
Average number of employees
During the year the average number of employees was 1 (2023: 2).