RenaSci Limited - Limited company - abbreviated - 11.6
RenaSci Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 March 2015 |
| for |
| RenaSci Limited |
| RenaSci Limited (Registered number: 04698942) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 March 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| RenaSci Limited |
| Company Information |
| for the Year Ended 31 March 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| and Business Advisers |
| RenaSci Limited (Registered number: 04698942) |
| Abbreviated Balance Sheet |
| 31 March 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| Investments | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Revaluation reserve |
| Capital redemption reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors on behalf by: |
| RenaSci Limited (Registered number: 04698942) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 March 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the |
| revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities |
| (effective April 2008). |
| Preparation of consolidated financial statements |
| The financial statements contain information about RenaSci Limited as an individual company and do not |
| contain consolidated financial information as the parent of a group. The company has taken the option under |
| Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
| Turnover |
| Turnover represents the value of work performed to date, net of value added tax. |
| Goodwill |
| Goodwill is reviewed for impairment as and when necessary, if circumstances emerge which indicate that the |
| carrying value may not be recoverable. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Stocks |
| Work in progress is stated at net costs less foreseeable losses less any applicable payments on account. |
| The amount recorded as revenue in respect of contracts is ascertained by reference to the work carried out to |
| date. Attributable profit is recognised as the difference between recorded revenue and related costs. |
| Deferred tax |
| The charge for taxation takes into account taxation deferred as a result of timing differences between the |
| treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised |
| in respect of all timing differences that have originated but not reversed at the balance sheet date. However, |
| deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not |
| that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Deferred taxation is measured on a non-discounted basis at the average tax rates that would apply when the |
| timing differences are expected to reverse, based on tax rates and laws that have been enacted by the |
| balance sheet date. |
| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred, except for |
| expenditure on related assets, which are disclosed in the financial statements as intangible assets, and written |
| off over the expected useful life of those assets. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange |
| ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating |
| result. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's |
| pension scheme are charged to the profit and loss account in the period to which they relate. |
| Investments |
| Fixed asset investments are included in the company's balance sheet at cost less any amounts written off for |
| permanent diminution in value. Dividends are included in the profit and loss account. |
| Government grants |
| Government grants received in respect of expenditure charged to the profit and loss account during the year |
| have been included in the profit and loss. The remainder are deferred and included in the profit and loss |
| account by instalments over the expected useful lives of the related assets. |
| RenaSci Limited (Registered number: 04698942) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2015 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2014 |
| Additions |
| At 31 March 2015 |
| AMORTISATION |
| At 1 April 2014 |
| Amortisation for year |
| At 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST OR VALUATION |
| At 1 April 2014 |
| Additions |
| At 31 March 2015 |
| DEPRECIATION |
| At 1 April 2014 |
| Charge for year |
| At 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| 4. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 April 2014 |
| and 31 March 2015 | 620,400 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary |
| £ | £ |
| Aggregate capital and reserves | 620,400 | 620,400 |
| RenaSci Limited (Registered number: 04698942) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2015 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| A | £1 |
| B | £1 |
| C | £1 |
| 558,360 | 558,360 |
| 6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 March 2015 and |
| 31 March 2014: |
| 2015 | 2014 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| The above loans were made interest free and are repayable on demand. |