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REDIRECT MARKETING LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022






REDIRECT MARKETING LTD (REGISTERED NUMBER: 07636614)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REDIRECT MARKETING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2022







DIRECTORS: Mrs E Jack
D Jack
E J Jenkins





REGISTERED OFFICE: 2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ





REGISTERED NUMBER: 07636614 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

REDIRECT MARKETING LTD (REGISTERED NUMBER: 07636614)

BALANCE SHEET
31ST DECEMBER 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,236 5,547
Tangible assets 5 29,828 10,818
33,064 16,365

CURRENT ASSETS
Stocks 883,081 206,000
Debtors 6 935,865 223,824
Cash at bank 1,397,871 1,094,552
3,216,817 1,524,376
CREDITORS
Amounts falling due within one year 7 1,813,920 581,920
NET CURRENT ASSETS 1,402,897 942,456
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,435,961

958,821

PROVISIONS FOR LIABILITIES 4,668 2,055
NET ASSETS 1,431,293 956,766

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,431,193 956,666
SHAREHOLDERS' FUNDS 1,431,293 956,766

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

REDIRECT MARKETING LTD (REGISTERED NUMBER: 07636614)

BALANCE SHEET - continued
31ST DECEMBER 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th June 2023 and were signed on its behalf by:





D Jack - Director


REDIRECT MARKETING LTD (REGISTERED NUMBER: 07636614)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2022

1. STATUTORY INFORMATION

Redirect Marketing Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

REDIRECT MARKETING LTD (REGISTERED NUMBER: 07636614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2022

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st January 2022
and 31st December 2022 9,571
AMORTISATION
At 1st January 2022 4,024
Charge for year 2,311
At 31st December 2022 6,335
NET BOOK VALUE
At 31st December 2022 3,236
At 31st December 2021 5,547

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1st January 2022 3,044 5,368 7,926
Additions 6,401 - 11,915
At 31st December 2022 9,445 5,368 19,841
DEPRECIATION
At 1st January 2022 3,044 3,854 6,176
Charge for year 1,143 449 3,572
At 31st December 2022 4,187 4,303 9,748
NET BOOK VALUE
At 31st December 2022 5,258 1,065 10,093
At 31st December 2021 - 1,514 1,750

REDIRECT MARKETING LTD (REGISTERED NUMBER: 07636614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2022

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st January 2022 25,705 11,548 53,591
Additions - 12,690 31,006
At 31st December 2022 25,705 24,238 84,597
DEPRECIATION
At 1st January 2022 19,605 10,094 42,773
Charge for year 1,811 5,021 11,996
At 31st December 2022 21,416 15,115 54,769
NET BOOK VALUE
At 31st December 2022 4,289 9,123 29,828
At 31st December 2021 6,100 1,454 10,818

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 774,928 203,842
Other debtors - 732
VAT 102,780 -
Prepayments 58,157 19,250
935,865 223,824

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 33,205 45,278
Trade creditors 1,569,831 356,385
Tax 160,613 116,506
Social security and other taxes 7,198 3,520
VAT - 18,501
Other creditors 390 217
Directors' current accounts 42,683 41,513
1,813,920 581,920

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
50 A Ordinary shares £1 50 50
50 B Ordinary shares £1 50 50
100 100

REDIRECT MARKETING LTD (REGISTERED NUMBER: 07636614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2022

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £41,980 (2021 - £41,200 to D & E Jack, and £702 (2021 - £ 312) to E Jenkins the directors and shareholders of the company. The amount is interest free and repayable on demand.