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Company Registration No. 14159192 (England and Wales)
Combit Renovations Ltd Unaudited accounts for the year ended 30 June 2025
Combit Renovations Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Combit Renovations Ltd Company Information for the year ended 30 June 2025
Director
Igor Korenev
Company Number
14159192 (England and Wales)
Registered Office
137 Brent Street London NW4 4DJ England
Accountants
CheapAccounting.co.uk Trading name of Evolve Accountancy Solutions Ltd. 45 Daltons Fen, Pitsea, Basildon Essex SS13 1JE
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Combit Renovations Ltd Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,744
80
Current assets
Debtors
5
2,042
31,991
Cash at bank and in hand
2,188
11,756
4,230
43,747
Creditors: amounts falling due within one year
6
(168,732)
(153,003)
Net current liabilities
(164,502)
(109,256)
Total assets less current liabilities
(162,758)
(109,176)
Provisions for liabilities
Deferred tax
(331)
(15)
Net liabilities
(163,089)
(109,191)
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
(163,189)
(109,291)
Shareholders' funds
(163,089)
(109,191)
For the year ending 30 June 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 March 2026 and were signed on its behalf by
Igor Korenev Director Company Registration No. 14159192
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Combit Renovations Ltd Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Combit Renovations Ltd is a private company, limited by shares, registered in England and Wales, registration number 14159192. The registered office is 137 Brent Street, London, NW4 4DJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Combit Renovations Ltd Notes to the Accounts for the year ended 30 June 2025
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 July 2024
-
141
141
Additions
2,245
-
2,245
At 30 June 2025
2,245
141
2,386
Depreciation
At 1 July 2024
-
61
61
Charge for the year
561
20
581
At 30 June 2025
561
81
642
Net book value
At 30 June 2025
1,684
60
1,744
At 30 June 2024
-
80
80
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
2,042
31,991
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
94,715
71,153
Trade creditors
5,188
-
Taxes and social security
48,617
58,448
Other creditors
2,157
1,145
Loans from directors
18,055
22,257
168,732
153,003
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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