Renascence Vehicle Leasing Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05536946 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

RENASCENCE VEHICLE LEASING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

Chartered Accountants' Report

5

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

3

1

1

CURRENT ASSETS

Debtors

4

8,589

12,992

Cash at bank

25,644

29,517

34,233

42,509

CREDITORS

Amounts falling due within one year

5

24,776

40,262

NET CURRENT ASSETS

9,457

2,247

TOTAL ASSETS LESS CURRENT LIABILITIES

9,458

2,248

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

9,456

2,246

SHAREHOLDERS' FUNDS

9,458

2,248

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 22 December 2017 and were signed on its behalf by:

B P Torbett - Director

J D Reed - Director

1.	STATUTORY INFORMATION

Renascence Vehicle Leasing Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

3.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2016

and 31 March 2017

333

DEPRECIATION

At 1 April 2016

and 31 March 2017

332

NET BOOK VALUE

At 31 March 2017

1

At 31 March 2016

1

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

8,588

12,991

Other debtors

1

1

8,589

12,992

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

-

300

Amounts owed to group undertakings

-

7,000

Corporation tax

4,387

5,954

VAT

2,940

1,574

Directors' current accounts

16,499

24,499

Accruals

950

935

24,776

40,262

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company paid consultancy fees of £48,617 (2016 - £47,877) to J D Reed who is a director.

7.	ULTIMATE CONTROLLING PARTY

At the balance sheet date the company is under the joint control of Renascence Group Limited, of which B P

Torbett and Mrs C J Torbett are 100% shareholders, and J D Reed, a direcor, each owning 50% of the issued

share capital.

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

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

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 2017 which comprise the

Income Statement, Balance Sheet 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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 ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Renascence Vehicle Leasing Limited 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

22 December 2017