Company Registration No. 8434432 (England and Wales)
Renewable Strategy Limited
Unaudited accounts
for the year ended 31 March 2017
Renewable Strategy Limited
Statement of financial position
as at 31 March 2017
Tangible assets
12,083
10,690
Cash at bank and in hand
510
29,754
Creditors: amounts falling due within one year
(24,800)
(27,238)
Net current (liabilities)/assets
(9,343)
15,693
Total assets less current liabilities
2,740
26,383
Provisions for liabilities
Deferred tax
(1,683)
(2,138)
Called up share capital
1,000
1,000
Profit and loss account
57
23,245
Shareholders' funds
1,057
24,245
For the year ending 31 March 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 18 December 2017.
Elias Dencker
Director
Company Registration No. 8434432
Renewable Strategy Limited
Notes to the Accounts
for the year ended 31 March 2017
Renewable Strategy Limited is a private company, limited by shares, registered in England and Wales, registration number 8434432. The registered office is 86 High Street, Carshalton, Surrey, SM5 3AE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.33% on the reducing balance basis
Fixtures & fittings
33.33% on the reducing balance basis
Computer equipment
33.33% on the reducing balance basis
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
Renewable Strategy Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2016
2,427
4,866
10,800
18,093
At 31 March 2017
2,427
8,600
10,800
21,827
At 1 April 2016
809
1,758
4,836
7,403
Charge for the year
270
1,695
376
2,341
At 31 March 2017
1,079
3,453
5,212
9,744
At 31 March 2017
1,348
5,147
5,588
12,083
At 31 March 2016
1,618
3,108
5,964
10,690
Trade debtors
10,214
13,177
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
7,520
25,358
Loans from directors
15,840
380
7
Deferred taxation
2017
2016
Accelerated capital allowances
1,683
2,138
Provision at start of year
2,138
503
(Credited)/charged to the profit and loss account
(455)
1,635
Provision at end of year
1,683
2,138
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
Renewable Strategy Limited
Notes to the Accounts
for the year ended 31 March 2017
The company considers Mr E Dencker to be the ultimate controlling party through his 100% shareholding in Renewable Strategy Holdings Limited which owns the entire issued share capital.
10
Average number of employees
During the year the average number of employees was 1 (2016: 1).
