Re-Nu Kitchens Limited - Period Ending 2015-11-30

Registration number: 04561102

Re-Nu Kitchens Limited
 
  Annual Report and Unaudited Abbreviated Accounts
 
  for the Year Ended 30 November 2015
 

Re-Nu Kitchens Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Re-Nu Kitchens Limited
(Registration number: 04561102)
Abbreviated Balance Sheet at 30 November 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					1,183			1,493
Current assets
Stocks					4,037			5,248
Debtors					1,437			1,307
Cash at bank and in hand					50,724			38,442
					56,198			44,997
Creditors: Amounts falling due within one year					(39,688)			(31,711)
Net current assets					16,510			13,286
Net assets					17,693			14,779
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					17,593			14,679
Shareholders' funds					17,693			14,779

For the year ending 30 November 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 15 July 2016 and signed on its behalf by:

.........................................
Mr I Stojanac
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Re-Nu Kitchens Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance
Equipment, fixtures and fittings	20% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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Re-Nu Kitchens Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 December 2014		8,583			13,101			21,684
At 30 November 2015		8,583			13,101			21,684
Depreciation
At 1 December 2014		8,583			11,608			20,191
Charge for the year		-			310			310
At 30 November 2015		8,583			11,918			20,501
Net book value
At 30 November 2015		-			1,183			1,183
At 30 November 2014		-			1,493			1,493

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

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