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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
Page
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Red Thread Consulting Limited Company Information for the year ended 31 March 2023
Director
Mrs KS Gladstone
Company Number
08185704 (England and Wales)
Registered Office
44 Frieth Road Marlow Buckinghamshire SL7 2QU
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Red Thread Consulting Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,192 
- 
Current assets
Debtors
13,419 
39,567 
Cash at bank and in hand
61,766 
31,150 
75,185 
70,717 
Creditors: amounts falling due within one year
(34,745)
(29,048)
Net current assets
40,440 
41,669 
Net assets
41,632 
41,669 
Capital and reserves
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
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Red Thread Consulting Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Accounting convention
These financial statements comply with Financial Reporting Standard 102 Section 1A.
Going concern
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 recognition
Revenue, described as turnover, is the value of work (net of VAT) provided to customers during the year with respect to services.
Tangible assets
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 
Additions
- 
2,384 
2,384 
At 31 March 2023
6,502 
2,384 
8,886 
Depreciation
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 
Net book value
At 31 March 2023
- 
1,192 
1,192 
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Red Thread Consulting Limited Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,419 
9,767 
Other debtors
- 
29,800 
13,419 
39,567 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
2,712 
- 
Taxes and social security
26,386 
25,880 
Loans from directors
4,147 
1,668 
Accruals
1,500 
1,500 
34,745 
29,048 
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).
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