Company Registration No. 08185704 (England and Wales)
Red Thread Consulting Limited
Unaudited accounts
for the year ended 31 March 2023
Red Thread Consulting Limited
Unaudited accounts
Contents
Red Thread Consulting Limited
Company Information
for the year ended 31 March 2023
Company Number
08185704 (England and Wales)
Registered Office
44 Frieth Road
Marlow
Buckinghamshire
SL7 2QU
Red Thread Consulting Limited
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
61,766
31,150
Creditors: amounts falling due within one year
(34,745)
(29,048)
Net current assets
40,440
41,669
Called up share capital
1,700
1,700
Profit and loss account
39,932
39,969
Shareholders' funds
41,632
41,669
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 her 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 2 October 2023 and were signed on its behalf by
Mrs KS Gladstone
Director
Company Registration No. 08185704
Red Thread Consulting Limited
Notes to the Accounts
for the year ended 31 March 2023
Red Thread Consulting Limited is a private company, limited by shares, registered in England and Wales, registration number 08185704. The registered office is 44 Frieth Road, Marlow, Buckinghamshire, SL7 2QU.
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.
These financial statements comply with Financial Reporting Standard 102 Section 1A.
The accounts have been prepared on a going concern basis. This assumes, if required over the next 12 months, ongoing support of the directors.
Revenue, described as turnover, is the value of work (net of VAT) provided to customers during the year with respect to services.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant & machinery
straight line over 3 years
Computer equipment
straight line over 2 years
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
6,502
-
6,502
At 31 March 2023
6,502
2,384
8,886
At 1 April 2022
6,502
-
6,502
Charge for the year
-
1,192
1,192
At 31 March 2023
6,502
1,192
7,694
At 31 March 2023
-
1,192
1,192
Red Thread Consulting Limited
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
13,419
9,767
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
26,386
25,880
Loans from directors
4,147
1,668
7
Transactions with related parties
A loan to Cammotion Ltd has been fully repaid in the year (2022: £21,000). Mrs K S Gladstone is also a Shareholder and Director of Cammotion Ltd.
8
Average number of employees
During the year the average number of employees was 3 (2022: 1).