RENBY LIMITED 04107072 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is manufacture of special purpose machinery. Digita Accounts Production Advanced 6.30.9574.0 true true 04107072 2023-09-01 2024-08-31 04107072 2024-08-31 04107072 core:CurrentFinancialInstruments 2024-08-31 04107072 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 04107072 core:PlantMachinery 2024-08-31 04107072 bus:SmallEntities 2023-09-01 2024-08-31 04107072 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 04107072 bus:FilletedAccounts 2023-09-01 2024-08-31 04107072 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 04107072 bus:RegisteredOffice 2023-09-01 2024-08-31 04107072 bus:CompanySecretary1 2023-09-01 2024-08-31 04107072 bus:Director1 2023-09-01 2024-08-31 04107072 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04107072 core:PlantMachinery 2023-09-01 2024-08-31 04107072 4 2023-09-01 2024-08-31 04107072 countries:EnglandWales 2023-09-01 2024-08-31 04107072 2023-08-31 04107072 core:PlantMachinery 2023-08-31 04107072 2022-09-01 2023-08-31 04107072 2023-08-31 04107072 core:CurrentFinancialInstruments 2023-08-31 04107072 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 04107072 core:PlantMachinery 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 04107072

RENBY LIMITED

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

RENBY LIMITED

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

RENBY LIMITED

Company Information

Director

Mr Robin Travis

Company secretary

Mrs Cressida Travis

Registered office

Tarvin Mill,
Barrow Lane,
Tarvin,
Chester
CH3 8JF

Accountants

AWM FINANCE LIMITED
121 Hough Green
Chester
Cheshire
CH4 8JW

 

RENBY LIMITED

(Registration number: 04107072)
Balance Sheet as at 31 August 2024

Note

2024
£

(As restated)

2023
£

Fixed assets

 

Tangible assets

4

8,408

10,306

Current assets

 

Stocks

5

50,338

38,192

Debtors

6

79,512

118,811

Cash at bank and in hand

 

50,825

18,669

 

180,675

175,672

Creditors: Amounts falling due within one year

7

(81,160)

(94,961)

Net current assets

 

99,515

80,711

Total assets less current liabilities

 

107,923

91,017

Provisions for liabilities

(1,595)

(1,595)

Net assets

 

106,328

89,422

Capital and reserves

 

Called up share capital

100

100

Retained earnings

106,228

89,322

Shareholders' funds

 

106,328

89,422

 

RENBY LIMITED

(Registration number: 04107072)
Balance Sheet as at 31 August 2024

For the financial year ending 31 August 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 May 2025
 

.........................................
Mr Robin Travis
Director

 

RENBY LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 August 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:
Tarvin Mill,
Barrow Lane,
Tarvin,
Chester
CH3 8JF

These financial statements were authorised for issue by the director on 1 May 2025.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Reclassification of comparative amounts

During the current year, the director has reviewed the classification of expenses within the income statement to provide more relevant information. As a result, certain costs previously included within "Distribution Costs" have been reclassified to "Administrative Costs" to better reflect their nature. The prior year's figures have been restated for comparability purposes.

The impact of this reclassification on the prior year's income statement is as follows:

• Distribution costs have decreased by £17,273

• Administrative costs have increased by £17,273

• There is no impact on the total operating expenses, profit or equity for the prior year.
 

 

RENBY LIMITED

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

RENBY LIMITED

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

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

 

RENBY LIMITED

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

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

RENBY LIMITED

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

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 September 2023

31,477

31,477

Additions

3,260

3,260

Disposals

(7,401)

(7,401)

At 31 August 2024

27,336

27,336

Depreciation

At 1 September 2023

21,171

21,171

Charge for the year

5,158

5,158

Eliminated on disposal

(7,401)

(7,401)

At 31 August 2024

18,928

18,928

Carrying amount

At 31 August 2024

8,408

8,408

At 31 August 2023

10,306

10,306

5

Stocks

2024
£

2023
£

Work in progress

14,240

8,357

Other inventories

36,098

29,835

50,338

38,192

6

Debtors

Current

2024
£

2023
£

Trade debtors

60,889

100,464

Prepayments

18,523

17,460

Other debtors

100

887

 

79,512

118,811

 

RENBY LIMITED

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

500

500

Trade creditors

 

39,292

51,854

Taxation and social security

 

18,165

20,337

Accruals and deferred income

 

729

1,250

Other creditors

 

22,474

21,020

 

81,160

94,961

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

500

500

9

Obligations under leases and hire purchase contracts

Operating leases

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases of £45,402 (2023 £57,246). The commitments relate to a five year lease, expiring in 2028, for the premises from which the company operates.

10

Dividends

2024

2023

£

£

Final dividend of £150.00 (2023 - £150.00) per ordinary share

15,000

15,000

 

 

11

Related party transactions

The company received an interest free loan from the company director. The loan repayable as at 31 August 2024 is £19,114 (2023 £18,215). The loan is repayable upon demand and is presented within creditors, amounts falling due within one year.