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
red man trading limited
Company Information
for the year ended 31 July 2021
Company Number
10858397 (England and Wales)
Registered Office
27-29 BALDWIN STREET
BRISTOL
BS1 1LT
ENGLAND
red man trading limited
Statement of financial position
as at 31 July 2021
Tangible assets
156,651
199,804
Inventories
756,954
647,850
Cash at bank and in hand
377,363
22,536
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
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
red man trading limited
Notes to the Accounts
for the year ended 31 July 2021
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
Charge for the year
27,192
15,961
43,153
At 31 July 2021
27,192
15,961
43,153
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
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
7
Average number of employees
During the year the average number of employees was 72 (2020: 72).