Re-Nu Kitchens Limited - Period Ending 2017-11-30
Re-Nu Kitchens Limited - Period Ending 2017-11-30
Registration number:
Re-Nu Kitchens Limited
for the Year Ended 30 November 2017
Re-Nu Kitchens Limited
Contents
Balance Sheet |
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Notes to the Financial Statements |
Re-Nu Kitchens Limited
(Registration number: 04561102)
Balance Sheet as at 30 November 2017
Note |
2017 |
2016 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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- |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 30 November 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Mr I Stojanac
Director
Page 1 |
Re-Nu Kitchens Limited
Notes to the Financial Statements for the Year Ended 30 November 2017
General information |
The company is a private company limited by share capital incorporated in England.
The address of its registered office is:
The principal place of business is:
7 Ostlers View
Billingshurst
West Sussex
RH14 9LU
England
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover represents amounts chargeable, net of value added tax, in respect of sales of goods and services to customers.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Equipment, fixtures and fittings |
20% reducing balance |
Motor vehicles |
25% reducing balance |
Page 2 |
Re-Nu Kitchens Limited
Notes to the Financial Statements for the Year Ended 30 November 2017
2 |
Accounting policies (continued) |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Page 3 |
Re-Nu Kitchens Limited
Notes to the Financial Statements for the Year Ended 30 November 2017
Intangible assets |
Goodwill |
Total |
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Cost or valuation |
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At 1 December 2016 |
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At 30 November 2017 |
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Amortisation |
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At 1 December 2016 |
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At 30 November 2017 |
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Carrying amount |
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At 30 November 2017 |
- |
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Tangible assets |
Equipment, fixtures and fittings |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 December 2016 |
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At 30 November 2017 |
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Depreciation |
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At 1 December 2016 |
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Charge for the year |
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At 30 November 2017 |
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Carrying amount |
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At 30 November 2017 |
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At 30 November 2016 |
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Stocks |
2017 |
2016 |
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Other inventories |
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Page 4 |
Re-Nu Kitchens Limited
Notes to the Financial Statements for the Year Ended 30 November 2017
Debtors |
2017 |
2016 |
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Other debtors |
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Creditors |
2017 |
2016 |
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Due within one year |
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Trade creditors |
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Taxation |
8,063 |
10,223 |
Other tax and social security |
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Other creditors |
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Financial commitments, guarantees and contingencies |
The total amount of financial commitments not included in the balance sheet is £
Page 5 |