Letterbox Redd Ltd 12517717 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is the management of house and holiday raffles. Digita Accounts Production Advanced 6.30.9574.0 true 12517717 2022-04-01 2023-03-31 12517717 2023-03-31 12517717 core:RetainedEarningsAccumulatedLosses 2023-03-31 12517717 core:ShareCapital 2023-03-31 12517717 core:CurrentFinancialInstruments 2023-03-31 12517717 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 12517717 bus:SmallEntities 2022-04-01 2023-03-31 12517717 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 12517717 bus:FullAccounts 2022-04-01 2023-03-31 12517717 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 12517717 bus:RegisteredOffice 2022-04-01 2023-03-31 12517717 bus:CompanySecretaryDirector1 2022-04-01 2023-03-31 12517717 bus:Director2 2022-04-01 2023-03-31 12517717 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12517717 countries:EnglandWales 2022-04-01 2023-03-31 12517717 2021-04-01 2022-03-31 12517717 2022-03-31 12517717 core:RetainedEarningsAccumulatedLosses 2022-03-31 12517717 core:ShareCapital 2022-03-31 12517717 core:CurrentFinancialInstruments 2022-03-31 12517717 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 12517717

Letterbox Redd Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Letterbox Redd Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Letterbox Redd Ltd

Company Information

Directors

A Earl

J Nurse

Company secretary

A Earl

Registered office

3a Excelsior Road
Poole
Dorset
BH14 8TT

Accountants

Burton Sweet
Chartered accountants & business advisers
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

Letterbox Redd Ltd

(Registration number: 12517717)
Balance Sheet
31 March 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

-

3,816

Cash at bank and in hand

 

591,605

596,610

 

591,605

600,426

Creditors: Amounts falling due within one year

5

(31,499)

(115,581)

Net assets

 

560,106

484,845

Capital and reserves

 

Called up share capital

100

100

Retained earnings

560,006

484,745

Shareholders' funds

 

560,106

484,845

 

Letterbox Redd Ltd

(Registration number: 12517717)
Balance Sheet
31 March 2023

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 19 October 2023 and signed on its behalf by:
 

.........................................
A Earl
Company secretary and director

.........................................
J Nurse
Director

 

Letterbox Redd Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3a Excelsior Road
Poole
Dorset
BH14 8TT

These financial statements were authorised for issue by the Board on 19 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Letterbox Redd Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Debtors

2023
£

2022
£

Other debtors

-

3,816

-

3,816

 

Letterbox Redd Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Taxation and social security

 

18,765

114,581

Other creditors

 

12,734

1,000

 

31,499

115,581