Rensu Distribution Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 02787290 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

FOR

RENSU DISTRIBUTION LIMITED

Page

Company Information

1

Report of the Director

2

Abridged Balance Sheet

3

Notes to the Financial Statements

6

DIRECTOR:

R Surendran

SECRETARY:

R Surendran

REGISTERED OFFICE:

Unit 2,

Priors Way Industrial Est

Priors Way

Maidenhead

Berkshire

SL6 2HP

REGISTERED NUMBER:

02787290 (England and Wales)

ACCOUNTANTS:

Param & Company Ltd

1st Floor

44 - 50 The Broadway

Southall

Middlesex

UB1 1QB

The director presents his report with the financial statements of the company for the year ended 28 February 2022.

PRINCIPAL ACTIVITY

wholesale and distribution of goods to service stations.

DIRECTOR

R Surendran held office during the whole of the period from 1 March 2021 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

R Surendran - Director

17 November 2022

FIXED ASSETS

Intangible assets

4

11,423

17,134

Tangible assets

5

160,631

32,792

172,054

49,926

CURRENT ASSETS

Stocks

209,156

204,417

Debtors

349,175

244,066

Cash at bank and in hand

565,119

475,927

1,123,450

924,410

CREDITORS

Amounts falling due within one year

416,836

283,908

NET CURRENT ASSETS

706,614

640,502

TOTAL ASSETS LESS CURRENT LIABILITIES

878,668

690,428

CREDITORS

Amounts falling due after more than one year

(61,822

)

-

PROVISIONS FOR LIABILITIES

(14,604

)

(6,419

)

NET ASSETS

802,242

684,009

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Retained earnings

752,242

634,009

SHAREHOLDERS' FUNDS

802,242

684,009

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 November 2022 and were signed by:

R Surendran - Director

1.	STATUTORY INFORMATION

Rensu Distribution 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on cost

Motor vehicles

-

20% on cost

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 Income Statement, 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 14 (2021 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2021

and 28 February 2022

28,556

AMORTISATION

At 1 March 2021

11,422

Amortisation for year

5,711

At 28 February 2022

17,133

NET BOOK VALUE

At 28 February 2022

11,423

At 28 February 2021

17,134

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2021

193,992

Additions

173,910

Disposals

(14,655

)

At 28 February 2022

353,247

DEPRECIATION

At 1 March 2021

161,200

Charge for year

46,071

Eliminated on disposal

(14,655

)

At 28 February 2022

192,616

NET BOOK VALUE

At 28 February 2022

160,631

At 28 February 2021

32,792

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £24,000 (2021 - £25,000) were paid to the director .