Company Registration No. 8434432 (England and Wales)
Renewable Strategy Limited
Unaudited accounts
for the year ended 31 March 2021
Renewable Strategy Limited
Unaudited accounts
Contents
Renewable Strategy Limited
Company Information
for the year ended 31 March 2021
Directors
Elias Dencker
Natalie M Dencker
Company Number
8434432 (England and Wales)
Registered Office
Berkeley House
86 High Street
Carshalton
Surrey
SM5 3AE
United Kingdom
Accountants
Morgans
86 High Street
Carshalton
Surrey
SM5 3AE
Renewable Strategy Limited
Statement of financial position
as at 31 March 2021
Tangible assets
11,427
12,652
Cash at bank and in hand
6
5,324
Creditors: amounts falling due within one year
(18,316)
(17,910)
Net current assets/(liabilities)
40,454
(8,419)
Total assets less current liabilities
51,881
4,233
Creditors: amounts falling due after more than one year
(43,069)
-
Provisions for liabilities
Deferred tax
(2,171)
(2,785)
Called up share capital
1,000
1,000
Profit and loss account
5,641
448
Shareholders' funds
6,641
1,448
For the year ending 31 March 2021 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 3 September 2021 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 2021
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
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 2021
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2020
17,905
9,229
11,446
38,580
Additions
3,949
540
-
4,489
At 31 March 2021
21,854
9,769
11,446
43,069
At 1 April 2020
8,957
7,469
9,502
25,928
Charge for the year
4,299
767
648
5,714
At 31 March 2021
13,256
8,236
10,150
31,642
At 31 March 2021
8,598
1,533
1,296
11,427
At 31 March 2020
8,948
1,760
1,944
12,652
5
Debtors: amounts falling due within one year
2021
2020
Other debtors
58,764
4,167
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
7,164
-
Taxes and social security
4,959
16,022
7
Creditors: amounts falling due after more than one year
2021
2020
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan bearing interest at HMRC beneficial interest rate repayable on demand
4,167
58,764
4,167
58,764
4,167
58,764
4,167
58,764
Renewable Strategy Limited
Notes to the Accounts
for the year ended 31 March 2021
10
Transactions with related parties
During the year the company purchased services totalling £14,578 (2020- £43,019) from Renewable Strategy SA (Pty) Ltd a company under common ownership. At the year end the amount outstanding to that company was £nil (2020 - £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 3 (2020: 2).
