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REGISTERED NUMBER: 03449127 (England and Wales)













Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Renco Nets Limited

Renco Nets Limited (Registered number: 03449127)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Renco Nets Limited

Company Information
for the Year Ended 28 February 2025







DIRECTOR: R Jorgensen





REGISTERED OFFICE: Pelham Industrial Estate
Manby Road
Immingham
N E Lincolnshire
DN40 2SE





REGISTERED NUMBER: 03449127 (England and Wales)

Renco Nets Limited (Registered number: 03449127)

Balance Sheet
28 February 2025

28.2.25 29.2.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 303,112 305,727

CURRENT ASSETS
Stocks 317,710 229,350
Debtors 5 270,777 257,058
Cash at bank 124,038 129,916
712,525 616,324
CREDITORS
Amounts falling due within one year 6 749,304 659,961
NET CURRENT LIABILITIES (36,779 ) (43,637 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,333

262,090

PROVISIONS FOR LIABILITIES 4,532 4,671
NET ASSETS 261,801 257,419

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 261,701 257,319
SHAREHOLDERS' FUNDS 261,801 257,419

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 May 2025 and were signed by:





R Jorgensen - Director


Renco Nets Limited (Registered number: 03449127)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Renco Nets Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 10 ) .

Renco Nets Limited (Registered number: 03449127)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 March 2024 165,002 116,140 87,074
Additions - - 1,500
Disposals - - (3,965 )
At 28 February 2025 165,002 116,140 84,609
DEPRECIATION
At 1 March 2024 - - 63,686
Charge for year - - 3,313
Eliminated on disposal - - (2,411 )
At 28 February 2025 - - 64,588
NET BOOK VALUE
At 28 February 2025 165,002 116,140 20,021
At 29 February 2024 165,002 116,140 23,388

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2024 1,027 18,136 387,379
Additions - 1,867 3,367
Disposals - (4,946 ) (8,911 )
At 28 February 2025 1,027 15,057 381,835
DEPRECIATION
At 1 March 2024 1,027 16,939 81,652
Charge for year - 303 3,616
Eliminated on disposal - (4,134 ) (6,545 )
At 28 February 2025 1,027 13,108 78,723
NET BOOK VALUE
At 28 February 2025 - 1,949 303,112
At 29 February 2024 - 1,197 305,727

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade debtors 223,644 225,917
Other debtors 41,047 22,761
PAYE Debtor - 1,409
Prepayments and accrued income 6,086 6,971
270,777 257,058

Renco Nets Limited (Registered number: 03449127)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade creditors 39,230 60,930
Tax 1,851 1,088
Social security and other taxes 3,618 -
VAT 78,316 59,567
Directors' current accounts 355,695 313,354
Accrued expenses 270,594 225,022
749,304 659,961

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.25 29.2.24
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 March 2024 257,319
Profit for the year 4,382
At 28 February 2025 261,701

9. ULTIMATE CONTROLLING PARTY

The Entire Share Capital is Owned by Mr.R.Jorgensen.