Company Registration No. 13581067 (England and Wales)
Renew And Sustain Limited
Unaudited accounts
for the year ended 31 August 2024
Renew And Sustain Limited
Unaudited accounts
Contents
Renew And Sustain Limited
Company Information
for the year ended 31 August 2024
Directors
Joseph Glendinning
Daniella Glendinning
Company Number
13581067 (England and Wales)
Registered Office
4102 - 4103 Belasis Business Centre
Coxwold Way
Billingham
TS23 4EA
England
Renew And Sustain Limited
Statement of financial position
as at 31 August 2024
Tangible assets
40,151
48,390
Cash at bank and in hand
498
-
Creditors: amounts falling due within one year
(236,810)
(42,369)
Net current assets
3,294
32,785
Total assets less current liabilities
43,445
81,175
Creditors: amounts falling due after more than one year
-
(40,492)
Provisions for liabilities
Deferred tax
(10,038)
(9,194)
Called up share capital
2
2
Profit and loss account
33,405
31,487
Shareholders' funds
33,407
31,489
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by
Joseph Glendinning
Director
Company Registration No. 13581067
Renew And Sustain Limited
Notes to the Accounts
for the year ended 31 August 2024
Renew And Sustain Limited is a private company, limited by shares, registered in England and Wales, registration number 13581067. The registered office is 4102 - 4103 Belasis Business Centre, Coxwold Way, Billingham, TS23 4EA, England.
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.
Turnover represents the full value of commissions due to the company from the supplier under the terms of commission contracts between the two parties, being the actual commission received plus accrued income to take it to the total commission receivable under the contract. The company recognises turnover for services provided when the income can be reliably measured and it is probable that future economic benefits will flow to the company. This income is recognised when the contract between the customer and the energy supplier becomes live.
The company makes a 15% provision against turnover to recognise against the contract for falling short of the level of estimated usage carried out at the start of the contract.
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:
Motor vehicles
20% Straight Line
Computer equipment
33.3% Straight Line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Renew And Sustain Limited
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
54,250
650
54,900
At 31 August 2024
54,250
4,386
58,636
At 1 September 2023
6,329
181
6,510
Charge for the year
10,850
1,125
11,975
At 31 August 2024
17,179
1,306
18,485
At 31 August 2024
37,071
3,080
40,151
At 31 August 2023
47,921
469
48,390
Amounts falling due within one year
Trade debtors
96,975
12,231
Accrued income and prepayments
15,558
-
Other debtors
127,073
62,923
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,634
1,592
Obligations under finance leases and hire purchase contracts
40,519
9,280
Taxes and social security
49,355
10,650
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
40,492
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
1 Ordinary A shares of £1 each
1
1
Renew And Sustain Limited
Notes to the Accounts
for the year ended 31 August 2024
9
Average number of employees
During the year the average number of employees was 12 (2023: 10).