Red Kite NDT Services Limited Filleted Accounts Cover
Red Kite NDT Services Limited
Company No. 14198693
Information for Filing with The Registrar
30 June 2023
Red Kite NDT Services Limited Directors Report Registrar
The Director presents his report and the accounts for the period ended 30 June 2023.
Principal activities
The principal activity of the company during the period under review was Repair and maintenance of aircraft and spacecraft.
Director
The Director who served at any time during the period was as follows:
G.S. Dinsdale
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
G.S. Dinsdale
Director
15 September 2023
Red Kite NDT Services Limited Balance Sheet Registrar
at
30 June 2023
Company No.
14198693
Notes
2023
£
Fixed assets
Tangible assets
4
34,598
34,598
Current assets
Debtors
5
199
Cash at bank and in hand
37,176
37,375
Creditors: Amount falling due within one year
6
(13,784)
Net current assets
23,591
Total assets less current liabilities
58,189
Net assets
58,189
Capital and reserves
Called up share capital
100
Profit and loss account
8
58,089
Total equity
58,189
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the period ended 30 June 2023 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 15 September 2023
And signed on its behalf by:
G.S. Dinsdale
Director
15 September 2023
Red Kite NDT Services Limited Notes to the Accounts Registrar
for the period ended 30 June 2023
1
General information
Its registered number is: 14198693
Its registered office is:
70 Wright Street
Hull
HU2 8JD
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2023
Number
The average monthly number of employees (including directors) during the period:
1
4
Tangible fixed assets
Plant and machinery
Total
£
£
Cost or revaluation
Additions
43,24743,247
At 30 June 2023
43,24743,247
Depreciation
Charge for the year
8,6498,649
At 30 June 2023
8,6498,649
Net book values
At 30 June 2023
34,59834,598
5
Debtors
2023
£
VAT recoverable
199
199
6
Creditors:
amounts falling due within one year
2023
£
Taxes and social security
13,593
Loans from directors
191
13,784
7
Share Capital
100 Ordinary Shares
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
9
Dividends
2023
£
Dividends for the period:
Dividends paid in the period
38,000
38,000
Dividends by type:
Equity dividends
38,000
38,000
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