Renascence Vehicle Leasing Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05536946 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

RENASCENCE VEHICLE LEASING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTORS:

B P Torbett

Mrs C J Torbett

J D Reed

SECRETARY:

Mrs C J Torbett

REGISTERED OFFICE:

Morgans Deep

Reading Road

Eversley

Hampshire

RG27 0NB

REGISTERED NUMBER:

05536946 (England and Wales)

ACCOUNTANTS:

T J Loughnane Limited

The Studio

Broad Street Walk

Wokingham

Berkshire

RG40 1BW

BANKERS:

Natwest Bank Plc

39 Yorktown Road

Sandhurst

Berkshire

GU47 9DS

FIXED ASSETS

Tangible assets

2

1

1

CURRENT ASSETS

Debtors

9,157

13,247

Cash at bank

18,483

18,005

27,640

31,252

CREDITORS

Amounts falling due within one year

15,133

35,235

NET CURRENT ASSETS/(LIABILITIES)

12,507

(3,983

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,508

(3,982

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

12,506

(3,984

)

SHAREHOLDERS' FUNDS

12,508

(3,982

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 10 November 2015 and were signed on its behalf by:

B P Torbett - Director

J D Reed - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

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

-

33% on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

333

DEPRECIATION

At 1 April 2014

and 31 March 2015

332

NET BOOK VALUE

At 31 March 2015

1

At 31 March 2014

1

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company paid consultancy fees of £40,959 (2014 - £34,929) to J D Reed who is a director.

At the balance sheet date, J D Reed and B P Torbett were owed £7,499 (2014 - £7,499) and £Nil (2014 - £500)

respectively.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Renascence Vehicle Leasing Limited for the year ended 31 March 2015 which comprise the Profit

and Loss Account, the Balance Sheet, the Cash Flow Statement, the Statement of Total Recognised Gains and Losses and

the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Renascence Vehicle Leasing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Renascence Vehicle Leasing Limited and state those matters that we have agreed to state to the Board of Directors of Renascence Vehicle Leasing Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Renascence Vehicle Leasing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Renascence Vehicle Leasing Limited. You consider that Renascence Vehicle Leasing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Renascence Vehicle Leasing

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

T J Loughnane Limited

The Studio

Broad Street Walk

Wokingham

Berkshire

RG40 1BW

10 November 2015