Company Registration No. 03968463 (England and Wales)
Red Rose Accountancy Services Ltd
Unaudited accounts
for the year ended 31 March 2023
Red Rose Accountancy Services Ltd
Unaudited accounts
Contents
Red Rose Accountancy Services Ltd
Company Information
for the year ended 31 March 2023
Company Number
03968463 (England and Wales)
Registered Office
Green Head Garden
Storth Road, Storth
Milnthorpe
Cumbria
LA7 7HF
Red Rose Accountancy Services Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
19,692
4,708
Cash at bank and in hand
11,526
14,691
Creditors: amounts falling due within one year
(26,054)
(13,749)
Net current (liabilities)/assets
(14,528)
1,297
Called up share capital
300
300
Profit and loss account
4,864
5,705
Shareholders' funds
5,164
6,005
For the 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. 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 25 October 2023 and were signed on its behalf by
Mr A Dawson
Director
Company Registration No. 03968463
Red Rose Accountancy Services Ltd
Notes to the Accounts
for the year ended 31 March 2023
Red Rose Accountancy Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 03968463. The registered office is Green Head Garden, Storth Road, Storth, Milnthorpe, Cumbria, LA7 7HF.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
25% on the reducing balance basis
Fixtures & fittings
25% on the reducing balance basis
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2022
-
14,943
14,943
Additions
18,999
1,282
20,281
At 31 March 2023
18,999
16,225
35,224
At 1 April 2022
-
10,235
10,235
Charge for the year
3,800
1,497
5,297
At 31 March 2023
3,800
11,732
15,532
At 31 March 2023
15,199
4,493
19,692
At 31 March 2022
-
4,708
4,708
Red Rose Accountancy Services Ltd
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
456
1,042
Loans from directors
23,999
11,007
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).