Company Registration No. 8434432 (England and Wales)
Renewable Strategy Limited
Unaudited accounts
for the year ended 31 March 2022
Renewable Strategy Limited
Statement of financial position
as at 31 March 2022
Tangible assets
40,505
11,427
Cash at bank and in hand
73,960
6
Creditors: amounts falling due within one year
(118,366)
(18,316)
Net current assets
17,988
40,454
Total assets less current liabilities
58,493
51,881
Creditors: amounts falling due after more than one year
(49,955)
(43,069)
Provisions for liabilities
Deferred tax
(7,696)
(2,171)
Called up share capital
1,000
1,000
Profit and loss account
(158)
5,641
Shareholders' funds
842
6,641
For the year ending 31 March 2022 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 directors acknowledge their 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 of Directors and authorised for issue on 1 June 2022 and were signed on its behalf by
Elias Dencker
Director
Company Registration No. 8434432
Renewable Strategy Limited
Notes to the Accounts
for the year ended 31 March 2022
Renewable Strategy Limited is a private company, limited by shares, registered in England and Wales, registration number 8434432. The registered office is Berkeley House, 86 High Street, Carshalton, Surrey, SM5 3AE, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
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:
Plant & machinery
33.33% on the reducing balance basis
Motor vehicles
25% on the reducing balance basis
Fixtures & fittings
33.33% on the reducing balance basis
Computer equipment
33.33% on the reducing balance basis
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.
Expenditure on research and development is written off in the year in which it is incurred.
Renewable Strategy Limited
Notes to the Accounts
for the year ended 31 March 2022
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2021
21,854
-
9,769
11,446
43,069
Additions
-
49,590
-
1,499
51,089
Disposals
(19,177)
-
-
-
(19,177)
At 31 March 2022
2,677
49,590
9,769
12,945
74,981
At 1 April 2021
13,256
-
8,236
10,150
31,642
Charge for the year
89
12,398
511
931
13,929
On disposals
(11,095)
-
-
-
(11,095)
At 31 March 2022
2,250
12,398
8,747
11,081
34,476
At 31 March 2022
427
37,192
1,022
1,864
40,505
At 31 March 2021
8,598
-
1,533
1,296
11,427
5
Debtors: amounts falling due within one year
2022
2021
Other debtors
58,764
58,764
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
7,256
7,164
Obligations under finance leases and hire purchase contracts
23,425
-
Taxes and social security
10,210
4,959
Renewable Strategy Limited
Notes to the Accounts
for the year ended 31 March 2022
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
16,508
-
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest free loan repayable on demand
58,764
-
-
58,764
10
Transactions with related parties
During the year the company purchased services totalling nil (2021- £4,578) from Renewable Strategy SA (Pty) Ltd a company under common ownership. At the year end the amount outstanding to that company was nil (2021 - nil).
The company considers Mr E Dencker and Mrs N Dencker to be the ultimate controlling parties through their 100% shareholding in Renewable Strategy Holdings Limited which owns the entire issued share capital.
12
Average number of employees
During the year the average number of employees was 4 (2021: 3).
