Rent 1 Lease 1 Buy 1 Ltd - Accounts to registrar (filleted) - small 22.3

Rent 1 Lease 1 Buy 1 Ltd - Accounts to registrar (filleted) - small 22.3

RENT 1 LEASE 1 BUY 1 LTD - Company Information

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REGISTERED NUMBER: 12874903 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2022

for

RENT 1 LEASE 1 BUY 1 LTD
RENT 1 LEASE 1 BUY 1 LTD (REGISTERED NUMBER: 12874903)






Contents of the Financial Statements
for the year ended 30 September 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RENT 1 LEASE 1 BUY 1 LTD

Company Information
for the year ended 30 September 2022







DIRECTORS: W Sowden
Miss C Ross
P Cox





REGISTERED OFFICE: Busby Stoop Garage
Busby Stoop
Thirsk
North Yorkshire
YO7 4EQ





REGISTERED NUMBER: 12874903 (England and Wales)





ACCOUNTANTS: Morrell Middleton
Wellington House
Aviator Court
Clifton Moor
York
North Yorkshire
YO30 4UZ
Page 1
RENT 1 LEASE 1 BUY 1 LTD (REGISTERED NUMBER: 12874903)

Balance Sheet
30 September 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,946 9,650

CURRENT ASSETS
Stocks 12,000 -
Debtors 5 82,907 29,133
Cash at bank 7,753 14,327
102,660 43,460
CREDITORS
Amounts falling due within one year 6 94,552 43,316
NET CURRENT ASSETS 8,108 144
TOTAL ASSETS LESS CURRENT
LIABILITIES
20,054
9,794

CREDITORS
Amounts falling due after more than one
year
7
1,000
-
NET ASSETS 19,054 9,794

CAPITAL AND RESERVES
Called up share capital 999 999
Retained earnings 18,055 8,795
19,054 9,794

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 28 October 2022 and were signed on its behalf by:




W Sowden - Director


The notes form part of these financial statements

Page 2
RENT 1 LEASE 1 BUY 1 LTD (REGISTERED NUMBER: 12874903)

Notes to the Financial Statements
for the year ended 30 September 2022

1. STATUTORY INFORMATION

Rent 1 Lease 1 Buy 1 Ltd 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 - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - 3 ).

Page 3 continued...
RENT 1 LEASE 1 BUY 1 LTD (REGISTERED NUMBER: 12874903)

Notes to the Financial Statements - continued
for the year ended 30 September 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2021 9,834
Additions 3,500
At 30 September 2022 13,334
DEPRECIATION
At 1 October 2021 184
Charge for year 1,204
At 30 September 2022 1,388
NET BOOK VALUE
At 30 September 2022 11,946
At 30 September 2021 9,650

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 21,704 29,133
Other debtors 61,203 -
82,907 29,133

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 37,645 13,762
Taxation and social security 1,084 2,212
Other creditors 55,823 27,342
94,552 43,316

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Other creditors 1,000 -

Page 4