Renshaw Projects Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11269136 (England and Wales)

Renshaw Projects Limited

Unaudited Financial Statements

for the Year Ended 31 March 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C Renshaw

Mrs J A Renshaw

REGISTERED OFFICE:

33 Chester Road West

Queensferry

Deeside

Flintshire

CH5 1SA

REGISTERED NUMBER:

11269136 (England and Wales)

ACCOUNTANTS:

Henry R. Davis & Co. Limited

Chartered Accountants

33 Chester Road West

Queensferry

Deeside

Flintshire

CH5 1SA

FIXED ASSETS

Tangible assets

4

3,811

2,915

CURRENT ASSETS

Debtors

5

12,699

1,755

Cash at bank and in hand

41,572

62,993

54,271

64,748

CREDITORS

Amounts falling due within one year

6

24,721

51,211

NET CURRENT ASSETS

29,550

13,537

TOTAL ASSETS LESS CURRENT LIABILITIES

33,361

16,452

CREDITORS

Amounts falling due after more than one year

7

(23,710

)

-

PROVISIONS FOR LIABILITIES

(724

)

(554

)

NET ASSETS

8,927

15,898

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

8,907

15,878

8,927

15,898

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2022 and were signed on its behalf by:

Mr C Renshaw - Director

1.	STATUTORY INFORMATION

Renshaw Projects 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 etc

-

25% on reducing balance and 15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

5,270

Additions

2,166

At 31 March 2022

7,436

DEPRECIATION

At 1 April 2021

2,355

Charge for year

1,270

At 31 March 2022

3,625

NET BOOK VALUE

At 31 March 2022

3,811

At 31 March 2021

2,915

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

11,142

-

Other debtors

1,557

1,755

12,699

1,755

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts

3,308

30,000

Trade creditors

228

289

Taxation and social security

16,370

20,022

Other creditors

4,815

900

24,721

51,211

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans

23,710

-

Amounts falling due in more than five years:

Repayable by instalments

Bounce Back loan

10,477

-

8.

LOANS

A bank loan amounting to £30,000 relates to a loan provided under the Bounce Back Loan Scheme. This scheme provides the lender with a government-backed guarantee (100%) against outstanding facility balance (principle and interest). No interest is payable in the first 12 months. Interest is then charged at 2.5% per annum.