RENEW TRADING (NI) LIMITED

RENEW TRADING (NI) LIMITED

RENEW TRADING (NI) LIMITED - Company Information

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RENEW TRADING (NI) LIMITED

Company Registration Number:
NI630854 (Northern Ireland)

Unaudited abridged accounts for the year ended 30 April 2017

Period of accounts

Start date: 01 May 2016

End date: 30 April 2017

RENEW TRADING (NI) LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2017

Balance sheet
Notes

RENEW TRADING (NI) LIMITED

Balance sheet

As at 30 April 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 3 166,060 193,550
Total fixed assets: 166,060 193,550
Current assets
Stocks: 166,300 74,650
Debtors:   233,160 110,398
Cash at bank and in hand: 54,745 22,641
Total current assets: 454,205 207,689
Creditors: amounts falling due within one year:   (85,904) (148,687)
Net current assets (liabilities): 368,301 59,002
Total assets less current liabilities: 534,361 252,552
Total net assets (liabilities): 534,361 252,552
Capital and reserves
Called up share capital: 100 100
Share premium account:   0
Profit and loss account: 534,261 252,452
Shareholders funds: 534,361 252,552

The notes form part of these financial statements

RENEW TRADING (NI) LIMITED

Balance sheet statements

For the year ending 30 April 2017 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 08 May 2017
and signed on behalf of the board by:

Name: Paul Garvey
Status: Director

The notes form part of these financial statements

RENEW TRADING (NI) LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible fixed assets and depreciation policy

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost less residual value, of each asset systematically over it's expected useful life.

Other accounting policies

Foreign currenciesMonetary assets and liabilities denominated in foreign currencies are translated into pounds sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.Stock on handStock on hand is valued at the lower of cost or net realiasable value.

RENEW TRADING (NI) LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2017

2. Employees

2017 2016
Average number of employees during the period 1 1

RENEW TRADING (NI) LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2017


3. Tangible Assets

Total
Cost £
At 01 May 2016 241,938
Additions 14,025
At 30 April 2017 255,963
Depreciation
At 01 May 2016 48,388
Charge for year 41,515
At 30 April 2017 89,903
Net book value
At 30 April 2017 166,060
At 30 April 2016 193,550