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REGISTERED NUMBER: 06845647 (England and Wales)












Unaudited Financial Statements

For The Year Ended 28 February 2023

for

Red Banana Wireless Ltd

Red Banana Wireless Ltd (Registered number: 06845647)






Contents of the Financial Statements
For The Year Ended 28 February 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Red Banana Wireless Ltd

Company Information
For The Year Ended 28 February 2023







DIRECTOR: N G Wiffen





REGISTERED OFFICE: 6 Victoria Avenue
Harrogate
North Yorkshire
HG1 1ED





REGISTERED NUMBER: 06845647 (England and Wales)





ACCOUNTANTS: Bushells
6 Victoria Avenue
Harrogate
North Yorkshire
HG1 1ED

Red Banana Wireless Ltd (Registered number: 06845647)

Abridged Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 45,000 52,500
Tangible assets 5 4,459 4,753
49,459 57,253

CURRENT ASSETS
Debtors 9,210 9,703
Cash at bank 10,273 23,691
19,483 33,394
CREDITORS
Amounts falling due within one year 44,744 16,868
NET CURRENT (LIABILITIES)/ASSETS (25,261 ) 16,526
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,198

73,779

PROVISIONS FOR LIABILITIES 847 903
NET ASSETS 23,351 72,876

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 23,251 72,776
23,351 72,876

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Red Banana Wireless Ltd (Registered number: 06845647)

Abridged Balance Sheet - continued
28 February 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 30 October 2023 and were signed by:





N G Wiffen - Director


Red Banana Wireless Ltd (Registered number: 06845647)

Notes to the Financial Statements
For The Year Ended 28 February 2023

1. STATUTORY INFORMATION

Red Banana Wireless 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

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.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Red Banana Wireless Ltd (Registered number: 06845647)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued
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.

Government grants
Capital grants and other contributions received towards the cost of tangible fixed assets are included in creditors as deferred income and credited to the profit and loss account over the life of the asset. Revenue grants are credited to the profit and loss account so as to match them with the expenditure to which they relate. Revenue grants which do not relate to specific expenditure are recognised on receipt.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022
and 28 February 2023 150,000
AMORTISATION
At 1 March 2022 97,500
Amortisation for year 7,500
At 28 February 2023 105,000
NET BOOK VALUE

At 28 February 2023 45,000
At 28 February 2022 52,500

Red Banana Wireless Ltd (Registered number: 06845647)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 9,472
Additions 1,192
At 28 February 2023 10,664
DEPRECIATION
At 1 March 2022 4,719
Charge for year 1,486
At 28 February 2023 6,205
NET BOOK VALUE
At 28 February 2023 4,459
At 28 February 2022 4,753