Registration number:
The Urban Reno Company Limited
for the Year Ended 31 August 2024
Pages for filing with Registrar
The Urban Reno Company Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
The Urban Reno Company Limited
Company Information
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Director |
P Payne |
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Registered office |
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Registered number |
12144343 |
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Accountant |
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The Urban Reno Company Limited
(Registration number: 12144343)
Balance Sheet as at 31 August 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current (liabilities)/assets |
( |
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Net (liabilities)/assets |
( |
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Capital and reserves |
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Called up share capital |
1 |
1 |
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Profit and loss account |
(1,189) |
2,924 |
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Total equity |
(1,188) |
2,925 |
The Urban Reno Company Limited
(Registration number: 12144343)
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:
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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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised for issue by the
.........................................
Director
The Urban Reno Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024
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Statutory information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
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Accounting policies |
Summary of significant accounting policies
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.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future. The directors have indicated their willingness to continue to support the company and accordingly the accounts have been prepared on the basis that the company is a going concern.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods 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 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.
The Urban Reno Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024
Tangible fixed assets
Tangible assets are stated in the statement of financial position 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 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:
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Equipment |
25% on cost |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
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.
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
The Urban Reno Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024
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Tangible fixed assets |
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Equipment |
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Cost |
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At 1 September 2023 |
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At 31 August 2024 |
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Depreciation |
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At 1 September 2023 |
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Charge for the year |
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At 31 August 2024 |
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Carrying amount |
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At 31 August 2024 |
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At 31 August 2023 |
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Debtors: amounts falling due within one year |
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2024 |
2023 |
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Other debtors |
1,867 |
463 |
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Directors' loan accounts |
3,620 |
- |
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The Urban Reno Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024
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Creditors |
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2024 |
2023 |
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Amounts falling due within one year |
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Trade creditors |
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- |
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Owed to related party |
- |
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Accruals |
1,725 |
2,450 |
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Corporation tax |
1,222 |
- |
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Share capital |
Allotted, called up and fully paid shares
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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Ordinary shares of £1 each |
1 |
1 |
1 |
1 |
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Related party transactions |
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Transactions with the director |
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2024 |
At 1 September 2023 |
Advances to director |
Repayments by director |
At 31 August 2024 |
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Director |
- |
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( |
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2023 |
At 1 September 2022 |
Advances to director |
Repayments by director |
At 31 August 2023 |
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Director |
( |
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( |
- |