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Registered number: 14478789
The Renewables Warehouse Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
DEB Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 14478789
30 November 2024 30 November 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 122,818 86,851
122,818 86,851
CURRENT ASSETS
Stocks 803,365 352,994
Debtors 5 629,386 355,591
Cash at bank and in hand 209,955 203,730
1,642,706 912,315
Creditors: Amounts Falling Due Within One Year 6 (482,371 ) (276,026 )
NET CURRENT ASSETS (LIABILITIES) 1,160,335 636,289
TOTAL ASSETS LESS CURRENT LIABILITIES 1,283,153 723,140
Creditors: Amounts Falling Due After More Than One Year 7 - (748 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (24,944 ) (21,713 )
NET ASSETS 1,258,209 700,679
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 1,258,207 700,677
SHAREHOLDERS' FUNDS 1,258,209 700,679
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For the year ending 30 November 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Lynsey Rose
Director
25/06/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
The Renewables Warehouse Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14478789 . The registered office is 19 Middlewoods Way, Carlton, Barnsley, South Yorkshire, S71 3HR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Improvement 10% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Office Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 4)
7 4
4. Tangible Assets
Land & Property
Leasehold Improvement Motor Vehicles Fixtures & Fittings Office Equipment Total
£ £ £ £ £
Cost
As at 1 December 2023 - 76,446 20,216 19,140 115,802
Additions 25,600 - 45,239 950 71,789
As at 30 November 2024 25,600 76,446 65,455 20,090 187,591
Depreciation
As at 1 December 2023 - 19,112 5,054 4,785 28,951
Provided during the period 2,560 14,333 15,100 3,829 35,822
As at 30 November 2024 2,560 33,445 20,154 8,614 64,773
Net Book Value
As at 30 November 2024 23,040 43,001 45,301 11,476 122,818
As at 1 December 2023 - 57,334 15,162 14,355 86,851
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5. Debtors
30 November 2024 30 November 2023
£ £
Due within one year
Trade debtors 618,204 344,645
Prepayments and accrued income 11,182 8,946
Other debtors - 2,000
629,386 355,591
6. Creditors: Amounts Falling Due Within One Year
30 November 2024 30 November 2023
£ £
Net obligations under finance lease and hire purchase contracts - 3,553
Trade creditors 244,999 7,536
Corporation tax 184,024 190,513
PAYE 3,395 5,721
VAT 9,605 61,631
Other Loan 1,203 6,015
Pension creditor 579 757
Accruals and deferred income 20,860 -
Directors' loan accounts 300 300
Amounts owed to associates 17,406 -
482,371 276,026
7. Creditors: Amounts Falling Due After More Than One Year
30 November 2024 30 November 2023
£ £
Net obligations under finance lease and hire purchase contracts - 748
8. Obligations Under Finance Leases and Hire Purchase
30 November 2024 30 November 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 3,553
Later than one year and not later than five years - 748
- 4,301
- 4,301
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9. Deferred Taxation
The provision for deferred tax is made up as follows:
30 November 2024 30 November 2023
£ £
Other timing differences 24,944 21,713
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 December 2023 21,713 21,713
Additions 3,231 3,231
Balance at 30 November 2024 24,944 24,944
11. Share Capital
30 November 2024 30 November 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.00 each 2 2
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
30 November 2024 30 November 2023
£ £
Not later than one year 12,000 12,000
Later than one year and not later than five years 1,000 13,000
13,000 25,000
13. Related Party Transactions
The company is controlled by Mrs L J Rose and Mr J R Medlam, directors and shareholders of the company.
The balances on the directors' loan account for Mrs. L J Rose, and Mr. J R Medlam at 31st November 2024 were £150 and£150 respectively, (2023 -£150 and £150) due from the company.
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