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Company Registration No. 10858397 (England and Wales)
red man trading limited Unaudited accounts for the year ended 31 July 2021
red man trading limited Unaudited accounts Contents
Page
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red man trading limited Company Information for the year ended 31 July 2021
Director
Liam Peterson
Company Number
10858397 (England and Wales)
Registered Office
27-29 BALDWIN STREET BRISTOL BS1 1LT ENGLAND
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red man trading limited Statement of financial position as at 31 July 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
156,651 
199,804 
Current assets
Inventories
756,954 
647,850 
Debtors
1,286,342 
832,529 
Cash at bank and in hand
377,363 
22,536 
2,420,659 
1,502,915 
Creditors: amounts falling due within one year
(434,995)
(570,361)
Net current assets
1,985,664 
932,554 
Net assets
2,142,315 
1,132,358 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2,142,314 
1,132,357 
Shareholders' funds
2,142,315 
1,132,358 
For the year ending 31 July 2021 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 director acknowledges his 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.
The financial statements were approved by the Board and authorised for issue on 14 September 2022 and were signed on its behalf by
Liam Peterson Director Company Registration No. 10858397
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red man trading limited Notes to the Accounts for the year ended 31 July 2021
1
Statutory information
red man trading limited is a private company, limited by shares, registered in England and Wales, registration number 10858397. The registered office is 27-29 BALDWIN STREET, BRISTOL, BS1 1LT, ENGLAND.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
fixtures
Motor vehicles
vans
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2020
135,962 
63,842 
199,804 
At 31 July 2021
135,962 
63,842 
199,804 
Depreciation
Charge for the year
27,192 
15,961 
43,153 
At 31 July 2021
27,192 
15,961 
43,153 
Net book value
At 31 July 2021
108,770 
47,881 
156,651 
At 31 July 2020
135,962 
63,842 
199,804 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
1,286,342 
832,529 
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red man trading limited Notes to the Accounts for the year ended 31 July 2021
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade creditors
118,640 
235,246 
Taxes and social security
271,709 
289,581 
Other creditors
2,000 
1,675 
Loans from directors
42,646 
43,859 
434,995 
570,361 
7
Average number of employees
During the year the average number of employees was 72 (2020: 72).
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