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COMPANY REGISTRATION NUMBER: 09582407
Red Effects Limited
Filleted Unaudited Financial Statements
31 March 2023
Red Effects Limited
Statement of Financial Position
31 March 2023
2023
2022
£
£
£
Fixed assets
25,531
30,793
---------
---------
Current assets
287,977
218,171
Prepayments and accrued income
362
287
----------
----------
288,339
218,458
Creditors: amounts falling due within one year
43,697
34,304
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----------
Net current assets
244,642
184,154
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----------
Total assets less current liabilities
270,173
214,947
Creditors: amounts falling due after more than one year
19,171
28,399
----------
----------
251,002
186,548
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----------
Capital and reserves
251,002
186,548
----------
----------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
2. Director's advances, credits and guarantees
Current assets include an interest free loan to the director of £131,188 (2022 - £85,690). The maximum outstanding on the loan during the year was £131,188 (2022 - £92,338). £38,000 of the loan was repaid on 6 April 2023.
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.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 27 November 2023 , and are signed on behalf of the board by:
K P Skehan
Director
Company registration number: 09582407
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 242/242a Farnham Road, Slough, Berks, SL1 4XE.