Registered number
01272413
Renlon Limited
Filleted Accounts
31 December 2024
Renlon Limited
Registered number: 01272413
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 139,095 118,358
Current assets
Stocks 516,564 339,455
Debtors 4 1,116,126 827,528
Cash at bank and in hand 330,788 128,455
1,963,478 1,295,438
Creditors: amounts falling due within one year 5 (955,892) (582,276)
Net current assets 1,007,586 713,162
Total assets less current liabilities 1,146,681 831,520
Creditors: amounts falling due after more than one year 6 (56,443) (23,165)
Provisions for liabilities (25,700) (23,386)
Net assets 1,064,538 784,969
Capital and reserves
Called up share capital 50,000 50,000
Profit and loss account 1,014,538 734,969
Shareholder's funds 1,064,538 784,969
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Richard Anthony Lock Martin Steven Dukelow
Director Director
Approved by the board on 4 September 2025 Approved by the board on 4 September 2025
Renlon Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 33.33% straight line
Leasehold land and buildings over the lease term
Plant and machinery 33.33% straight line
Fixtures, fittings, tools and equipment 20% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 34 26
3 Tangible fixed assets
Land and buildings Other fixed assets Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 241,727 150,195 10,000 401,922
Additions - 34,447 31,500 65,947
At 31 December 2024 241,727 184,642 41,500 467,869
Depreciation
At 1 January 2024 160,722 121,592 1,250 283,564
Charge for the year 18,342 18,097 8,771 45,210
At 31 December 2024 179,064 139,689 10,021 328,774
Net book value
At 31 December 2024 62,663 44,953 31,479 139,095
At 31 December 2023 81,005 28,603 8,750 118,358
4 Debtors 2024 2023
£ £
Trade debtors 663,160 470,846
Amounts owed by group undertakings and undertakings in which the company has a participating interest 38,372 113,281
Other debtors 414,594 243,401
1,116,126 827,528
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 14,236 9,448
Obligations under finance lease and hire purchase contracts 26,619 9,100
Trade creditors 461,686 274,283
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 36,984
Taxation and social security costs 314,336 118,976
Other creditors 139,015 133,485
955,892 582,276
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 8,270 17,718
Obligations under finance lease and hire purchase contracts 48,173 5,447
56,443 23,165
7 Related party transactions 2024 2023
£ £
During the year the company entered into the following transactions with related parties:
Amounts due to & from related parties:
Trowel Blazers Limited 17,843 -
Renlon Home Limited 9,890 -
London Waterproofing Group Ltd 101 113,281
Surv-A Consultants Intercompany 10,539 -
Renlon Holdings Limited - (36,984)
38,373 76,297
8 Other information
Renlon Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 12 Boundary Business Court
Church Road, Mitcham
Surrey
England
CR4 3TD
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