Rendit Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Rendit Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02960488 . The registered office is 19 Middlewoods Way, Wharncliffe Business Park, Carlton, Barnsley, 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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover form 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. Intangible Fixed Assets and Amortisation - Other Intangible

Patent costs are being amortised on a straight line basis over 10 years.

2.4. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

2.5. 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:

Website cost	Straight line over 3 years
Plant & Machinery	25% reducing balance
Motor Vehicles	20% reducing balance
Equipment fixture and Fittings	Straight line over 3 years
Office Equipment	25% reducing balance

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Rendit Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.6. 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 the profit and loss account as incurred.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2024: 12)

4. Intangible Assets

	Patents & licences	Website Costs	Total
	£	£	£
Cost
As at 1 September 2024	6,543	17,105	23,648
Additions	-	29,744	29,744

As at 31 August 2025	6,543	46,849	53,392

Amortisation
As at 1 September 2024	6,543	5,702	12,245
Provided during the period	-	15,617	15,617

As at 31 August 2025	6,543	21,319	27,862

Net Book Value
As at 31 August 2025	-	25,530	25,530

As at 1 September 2024	-	11,403	11,403

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Rendit Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Equipment fixture and Fittings	Office Equipment	Total
	£	£	£	£	£
Cost
As at 1 September 2024	25,682	218,637	21,000	20,300	285,619
Additions	7,949	28,918	3,950	5,734	46,551
Disposals	-	(13,500 )	-	-	(13,500 )

As at 31 August 2025	33,631	234,055	24,950	26,034	318,670

Depreciation
As at 1 September 2024	20,038	91,063	1,750	18,577	131,428
Provided during the period	3,399	31,445	8,317	1,864	45,025
Disposals	-	(11,298 )	-	-	(11,298 )

As at 31 August 2025	23,437	111,210	10,067	20,441	165,155

Net Book Value
As at 31 August 2025	10,194	122,845	14,883	5,593	153,515

As at 1 September 2024	5,644	127,574	19,250	1,723	154,191

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor Vehicles	116,246	116,390

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	682,628	655,072
Prepayments and accrued income	54	50
Corporation tax recoverable	-	3,407

	682,682	658,529

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	49,304	43,327
Trade creditors	943,568	984,150
Bank loans and overdrafts	7,500	10,000
PAYE creditor	13,532	10,010
VAT	35,234	97,577
Deferred capital grants	4,160	-
Pension creditor	4,510	-

...CONTINUED

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Rendit Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Factoring creditor	344,935	245,219
Credit card	70,596	54,116
Accruals and deferred income	2,531	1,893

	1,475,870	1,446,292

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	27,251	58,222
Bank loans	-	7,500
Deferred capital grant	4,160	-

	31,411	65,722

9. Secured Creditors

Of the creditors the following amounts are secured.

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	76,555	101,549
Other Creditors	344,935	245,219

10. Capital Grants

	2025	2024
	£	£
Balance at 1 September 2024	12,480	-
Increase / (Decrease) in the year	(4,160)	-

Balance at 31 August 2025	8,320	-

11. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	23,264	23,264

12. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	5,099	5,099

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Rendit Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

13. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	19,789	17,382
Later than one year and not later than five years	55,341	4,345

	75,130	21,727

14. Directors Advances, Credits and Guarantees

J Kitching, director, has given a personal guarantee in respect of the factoring creditor.

15. Related Party Transactions

The company is controlled by Mr M & Mrs S Kitching, & Mr J and Mrs J Kitching, directors and shareholders of the company.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		25,530		11,403
Tangible Assets	5		153,515		154,191

			179,045		165,594
CURRENT ASSETS
Stocks		615,990		594,221
Debtors	6	682,682		658,529
Cash at bank and in hand		312,044		384,857

		1,610,716		1,637,607
Creditors: Amounts Falling Due Within One Year	7	(1,475,870 )		(1,446,292 )

NET CURRENT ASSETS (LIABILITIES)			134,846		191,315

TOTAL ASSETS LESS CURRENT LIABILITIES			313,891		356,909

Creditors: Amounts Falling Due After More Than One Year	8		(31,411 )		(65,722 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	11		(23,264 )		(23,264 )

NET ASSETS			259,216		267,923

CAPITAL AND RESERVES
Called up share capital	12		5,099		5,099
Profit and Loss Account			254,117		262,824

SHAREHOLDERS' FUNDS			259,216		267,923