Renovate Body Repairs Ltd
Renovate Body Repairs Ltd
Company Registration No. 10008074 (England and Wales)
Page
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Director
Company Number
Registered Office
Accountants
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Accountants' report to the director of Renovate Body Repairs Ltd on the preparation of the unaudited statutory accounts for the period from 16 February 2016 to 31 March 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Renovate Body Repairs Ltd for the period from 16 February 2016 to 31 March 2017 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Renovate Body Repairs Ltd , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Renovate Body Repairs Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Renovate Body Repairs Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Renovate Body Repairs Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Renovate Body Repairs Ltd . You consider that Renovate Body Repairs Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Renovate Body Repairs Ltd . 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 accounts.
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2017
Notes
£
Fixed assets
Current assets
Cash at bank and in hand
Net current liabilities
(18,960 )
Net assets
Capital and reserves
Called up share capital
Profit and loss account
Shareholders' funds
Approved by the Board on 18 September 2017 .
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1
Statutory information
2
Compliance with accounting standards
3
Accounting policies
These financial statements for the period from 16 February 2016 to 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 16 February 2016 .
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
Presentation currency
Tangible fixed assets and depreciation
Plant & machinery
Motor vehicles
Intangible fixed assets
4
Intangible fixed assets
Goodwill
£
Cost
At 16 February 2016
Additions
At 31 March 2017
Amortisation
At 16 February 2016
At 31 March 2017
Net book value
At 31 March 2017
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5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 16 February 2016
Additions
At 31 March 2017
Depreciation
Charge for the period
At 31 March 2017
Net book value
At 31 March 2017
6
Inventories
2017
£
Raw materials
7
Debtors
2017
£
Trade debtors
Other debtors
8
Creditors: amounts falling due within one year
2017
£
Trade creditors
Taxes and social security
Loans from directors
9
Average number of employees
During the period the average number of employees was 1 .
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