Renewables Pm Ltd - Period Ending 2016-11-30

Registration number: 09846537

Renewables Pm Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2016
 

RMCA
Chartered Accountants
The Counting House
9 High Street
Tring
Herts
HP23 5TE

Renewables Pm Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Renewables Pm Ltd
(Registration number: 09846537)
Abbreviated Balance Sheet at 30 November 2016

		Note			2016 £
Fixed assets
Tangible fixed assets					1,638
Current assets
Debtors					11,700
Cash at bank and in hand					41,367
					53,067
Creditors: Amounts falling due within one year					(35,366)
Net current assets					17,701
Net assets					19,339
Capital and reserves
Called up share capital		3			100
Profit and loss account					19,239
Shareholders' funds					19,339

For the year ending 30 November 2016 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 13 March 2017 and signed on its behalf by:

Mr J Cunningham Director

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

Renewables Pm Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... 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 January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers. In respect of long-term contracts and contracts for on-going services,turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long term contracts and contracts for on-going services is recognised by reference to the stage of completion.

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
Office equipment	33% straight line

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		2,457			2,457
At 30 November 2016		2,457			2,457
Depreciation
Charge for the year		819			819
At 30 November 2016		819			819
Net book value
At 30 November 2016		1,638			1,638

Page 2

Renewables Pm Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016
		No.			£
Ordinary A shares of £1 each		85			85
Ordinary B shares of £1 each		15			15
		100			100

New shares allotted

During the year 85 Ordinary A shares having an aggregate nominal value of £85 were allotted for an aggregate consideration of £85.

During the year 15 Ordinary B shares having an aggregate nominal value of £15 were allotted for an aggregate consideration of £15.

Page 3