Rend Tech Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 09483648 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Rend Tech Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Jamie Ashley Cook

Ms Kala Lana Jackson

REGISTERED OFFICE:

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

BUSINESS ADDRESS:

10 Jessica Close

Waterlooville

Hampshire

PO7 8LR

REGISTERED NUMBER:

09483648 (England and Wales)

ACCOUNTANTS:

KT Accountants Limited

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

FIXED ASSETS

Tangible assets

4

18,750

-

CURRENT ASSETS

Debtors

5

23,351

-

Cash at bank and in hand

6,778

2

30,129

2

CREDITORS

Amounts falling due within one year

6

15,578

-

NET CURRENT ASSETS

14,551

2

TOTAL ASSETS LESS CURRENT LIABILITIES

33,301

2

CREDITORS

Amounts falling due after more than one year

7

(9,581

)

-

PROVISIONS FOR LIABILITIES

(3,750

)

-

NET ASSETS

19,970

2

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

19,968

-

SHAREHOLDERS' FUNDS

11

19,970

2

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 31 July 2017 and were signed on its behalf by:

Mr Jamie Ashley Cook - Director

Ms Kala Lana Jackson - Director

1.	STATUTORY INFORMATION

Rend Tech 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it

is probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the

balance sheet. Those held under hire purchase contracts are depreciated over their

estimated useful lives. Those held under finance leases are depreciated over their

estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period.

The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

Additions

7,003

150

13,977

21,130

Disposals

-

-

(1,000

)

(1,000

)

At 31 March 2017

7,003

150

12,977

20,130

DEPRECIATION

Charge for year

264

34

1,082

1,380

At 31 March 2017

264

34

1,082

1,380

NET BOOK VALUE

At 31 March 2017

6,739

116

11,895

18,750

Fixed assets, included in the above, which are held under hire purchase contracts are as

follows:

Motor

vehicles

£

COST

Additions

12,977

At 31 March 2017

12,977

DEPRECIATION

Charge for year

1,082

At 31 March 2017

1,082

NET BOOK VALUE

At 31 March 2017

11,895

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

4,569

-

Tax

18,117

-

VAT

665

-

23,351

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Hire purchase contracts

2,555

-

Trade creditors

1,237

-

Corporation tax

7,242

-

Directors' current accounts

3,244

-

Accrued expenses

1,300

-

15,578

-

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Hire purchase contracts

9,581

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

2

Ordinary shares

£1

2

2

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

31 March 2017 and 31 March 2016:

31.3.17

31.3.16

£

£

Mr Jamie Ashley Cook

Balance outstanding at start of year

-

-

Amounts advanced

(3,244

)

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(3,244

)

-

The amount owed to the director at the balance sheet date is unsecured, interest free and

repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors Mr J A Cook and Miss K L Jackson who own

100% of the company.

11.	RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

31.3.17

31.3.16

£

£

Profit for the financial year

43,968

-

Dividends

(24,000

)

-

New share capital subscribed

-

2

Net addition to shareholders' funds

19,968

2

Opening shareholders' funds

2

-

Closing shareholders' funds

19,970

2

12.	FIRST YEAR ADOPTION

This is the first year the company has presented its financial statements under Financial

Reporting Standard 102 Section 1a (FRS102 (1a)) issued by the Financial Reporting

Council. The last financial statements for the year ended 31 March 2016, were prepared

under the previous UK GAAP. The transition date to FRS102 (1a) is therefore 01 April 2016.

There were no material adjustments required on transition to FRS102 (1a) and as such it

has not been necessary to restate prior year comparatives following implementation of

FRS102 (1a).