Re-Nu Kitchens Limited - Period Ending 2016-11-30

Registration number: 04561102

Re-Nu Kitchens Limited
 
  Annual Report and Unaudited Abbreviated Accounts
 
  for the Year Ended 30 November 2016
 

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 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					938			1,183
Current assets
Stocks					4,416			4,037
Debtors					3,349			1,437
Cash at bank and in hand					46,423			50,724
					54,188			56,198
Creditors: Amounts falling due within one year					(41,500)			(39,688)
Net current assets					12,688			16,510
Net assets					13,626			17,693
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					13,526			17,593
Shareholders' funds					13,626			17,693

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 25 August 2017 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 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).

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 2016
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 December 2015		8,583			13,101			21,684
At 30 November 2016		8,583			13,101			21,684
Depreciation
At 1 December 2015		8,583			11,918			20,501
Charge for the year		-			245			245
At 30 November 2016		8,583			12,163			20,746
Net book value
At 30 November 2016		-			938			938
At 30 November 2015		-			1,183			1,183

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

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