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Registration number: 05215637

Red Kite Construction Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2023

 

Red Kite Construction Limited

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

Red Kite Construction Limited

Company Information





 

Directors




 

Mr J W Lindsay

Mrs Sarah Catherine Walker

Registered office





 

Office 26
Acorn Business Centre
Balme Road
Cleckheaton
West Yorkshire
BD19 4EZ

Accountants

D & A Hill
No.18 T8/9 Brooke's Mill
Armitage Bridge
Huddersfield
West Yorkshire
HD4 7NR

 

Red Kite Construction Limited

Directors' Report
for the Year Ended 31 August 2023

The directors present their report and the financial statements for the year ended 31 August 2023.

Directors of the company

The directors who held office during the year were as follows:

Mr J W Lindsay

Mrs Sarah Catherine Walker

Principal activity

The principal activity of the company is roofing contractors.

Small companies provision statement

This report has 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.

Approved and authorised by the Board on 20 October 2023 and signed on its behalf by:
 

.........................................
Mrs Sarah Catherine Walker
Director

 

Red Kite Construction Limited

(Registration number: 05215637 )
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

757

1,009

Current assets

 

Debtors

5

100

1,393

Cash at bank and in hand

 

35,509

92,931

 

35,609

94,324

Creditors: Amounts falling due within one year

6

(9,746)

(19,770)

Net current assets

 

25,863

74,554

Net assets

 

26,620

75,563

Capital and reserves

 

Called up share capital

7

100

100

Profit and loss account

26,520

75,463

Total equity

 

26,620

75,563

For the financial year ending 31 August 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 October 2023 and signed on its behalf by:
 

.........................................
Mrs Sarah Catherine Walker
Director

 

Red Kite Construction Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 August 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:
Office 26
Acorn Business Centre
Balme Road
Cleckheaton
West Yorkshire
BD19 4EZ

These financial statements were authorised for issue by the Board on 20 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.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents the net sales of goods, excluding value added tax.

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.

The current income 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.

 

Red Kite Construction Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% on reducing balance

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 2).

 

Red Kite Construction Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2023

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2022

13,435

13,435

At 31 August 2023

13,435

13,435

Depreciation

At 1 September 2022

12,426

12,426

Charge for the year

252

252

At 31 August 2023

12,678

12,678

Carrying amount

At 31 August 2023

757

757

At 31 August 2022

1,009

1,009

5

Debtors

Current

2023
£

2022
£

Trade debtors

100

100

Other debtors

-

1,293

 

100

1,393

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

9,520

19,770

Other creditors

226

-

9,746

19,770

 

Red Kite Construction Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100