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Company registration number: 07785355
Renegade Print Management Limited
Unaudited filleted abridged financial statements
31 October 2024
Renegade Print Management Limited
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
Renegade Print Management Limited
Directors and other information
Directors Mr Stephen Bowen
Company number 07785355
Registered office 73 Acacia Road
West Meadows
Cramlington
Northumberland
NE23 8GB
Business address 73 Acacia Road
West Meadows
Cramlington
Northumberland
NE23 8GB
Accountants T R Dixon & Co Ltd
Chartered Certified Accountants
Statutory Auditors
Bermuda House
1A Dinsdale Place
Jesmond
Newcastle upon Tyne
NE2 1BD
Bankers Lloyds bank
Renegade Print Management Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Renegade Print Management Limited
Year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Renegade Print Management Limited for the year ended 31 October 2024 which comprise the abridged statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements.
This report is made solely to the board of directors of Renegade Print Management Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Renegade Print Management Limited and state those matters that we have agreed to state to the board of directors of Renegade Print Management Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Renegade Print Management Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Renegade Print Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Renegade Print Management Limited. You consider that Renegade Print Management 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 financial statements of Renegade Print Management 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 financial statements.
T R Dixon & Co Ltd
Chartered Certified Accountants
Statutory Auditors
Bermuda House
1A Dinsdale Place
Jesmond
Newcastle upon Tyne
NE2 1BD
26 June 2025
Renegade Print Management Limited
Abridged statement of financial position
31 October 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 1,084 3,004
_______ _______
1,084 3,004
Current assets
Debtors 6 56,280 43,085
Cash at bank and in hand 548 721
_______ _______
56,828 43,806
Creditors: amounts falling due
within one year 7 ( 92,284) ( 70,682)
_______ _______
Net current liabilities ( 35,456) ( 26,876)
_______ _______
Total assets less current liabilities ( 34,372) ( 23,872)
Creditors: amounts falling due
after more than one year 8 ( 33,450) ( 40,500)
_______ _______
Net liabilities ( 67,822) ( 64,372)
_______ _______
Capital and reserves
Called up share capital 1,100 1,100
Profit and loss account ( 68,922) ( 65,472)
_______ _______
Shareholders deficit ( 67,822) ( 64,372)
_______ _______
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 26 June 2025 , and are signed on behalf of the board by:
Mr Stephen Bowen
Director
Company registration number: 07785355
Renegade Print Management Limited
Statement of changes in equity
Year ended 31 October 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 November 2022 1,100 ( 54,586) ( 53,486)
Loss for the year ( 10,886) ( 10,886)
_______ _______ _______
Total comprehensive income for the year - ( 10,886) ( 10,886)
_______ _______ _______
At 31 October 2023 and 1 November 2023 1,100 ( 65,472) ( 64,372)
Loss for the year ( 3,450) ( 3,450)
_______ _______ _______
Total comprehensive income for the year - ( 3,450) ( 3,450)
_______ _______ _______
At 31 October 2024 1,100 ( 68,922) ( 67,822)
_______ _______ _______
Renegade Print Management Limited
Notes to the financial statements
Year ended 31 October 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Renegade Print Management, 73 Acacia Road, West Meadows, Cramlington, Northumberland, NE23 8GB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 10 % straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 15 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Intangible assets
£
Cost
At 1 November 2023 and 31 October 2024 30,000
_______
Amortisation
At 1 November 2023 and 31 October 2024 30,000
_______
Carrying amount
At 31 October 2024 -
_______
At 31 October 2023 -
_______
5. Tangible assets
£
Cost
At 1 November 2023 30,158
Additions 1,031
Disposals ( 29,718)
_______
At 31 October 2024 1,471
_______
Depreciation
At 1 November 2023 27,154
Charge for the year 183
Disposals ( 26,950)
_______
At 31 October 2024 387
_______
Carrying amount
At 31 October 2024 1,084
_______
At 31 October 2023 3,004
_______
6. Debtors
2024 2023
£ £
Trade debtors 10,820 6,706
Intercompany - Renegade Clothing Company Limited 4,205 3,335
S455 tax 9,044 9,044
Prepayments 447 397
Directors loan account 21,764 13,603
Staff loans 10,000 10,000
_______ _______
56,280 43,085
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bounce back loan 7,296 6,329
Bank overdraft 11,414 12,905
Credit card 4,982 4,937
Trade creditors 43,681 21,302
Accruals 4,292 4,092
VAT payable 8,636 11,940
PAYE payable 11,983 9,177
_______ _______
92,284 70,682
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bounce back loan 33,450 40,500
_______ _______
9. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Stephen Bowen 13,603 8,161 - 21,764
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Stephen Bowen 20,853 - ( 7,250) 13,603
_______ _______ _______ _______