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Registration number: 14357087

RedSky Brecon Limited

Unaudited Filleted Financial Statements

for the Period from 14 September 2022 to 30 September 2023

 

RedSky Brecon Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

RedSky Brecon Limited

Company Information

Directors

Mark David Blatt

Emma Louise Blatt

Registered office

Green Meadows
Canal Bank
Brecon
Powys
LD3 7HH

Accountants

King Morter Proud & Co Limited
Chartered Accountants
Kings Arms Vaults
Watton
Brecon
Powys
LD3 7EF

 

RedSky Brecon Limited

(Registration number: 14357087)
Balance Sheet as at 30 September 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

20,472

Current assets

 

Cash at bank and in hand

 

29,014

Creditors: Amounts falling due within one year

5

(16,656)

Net current assets

 

12,358

Net assets

 

32,830

Capital and reserves

 

Called up share capital

6

1

Retained earnings

32,829

Shareholders' funds

 

32,830

For the financial period ending 30 September 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 period 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 13 February 2024 and signed on its behalf by:
 

.........................................
Mark David Blatt
Director

 

RedSky Brecon Limited

Notes to the Unaudited Financial Statements for the Period from 14 September 2022 to 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Green Meadows
Canal Bank
Brecon
Powys
LD3 7HH

These financial statements were authorised for issue by the Board on 13 February 2024.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

 

RedSky Brecon Limited

Notes to the Unaudited Financial Statements for the Period from 14 September 2022 to 30 September 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

Plant & machinery

10% per annum on cost

Motor vehicles

20% per annum on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

 

RedSky Brecon Limited

Notes to the Unaudited Financial Statements for the Period from 14 September 2022 to 30 September 2023

4

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

Additions

3,893

21,698

25,591

At 30 September 2023

3,893

21,698

25,591

Depreciation

Charge for the period

779

4,340

5,119

At 30 September 2023

779

4,340

5,119

Carrying amount

At 30 September 2023

3,114

17,358

20,472

5

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Trade creditors

600

Taxation and social security

14,940

Other creditors

1,116

16,656

6

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary of £0.01 each

100

1

     

7

Dividends

   

2023

   

£

Interim dividend of £47,000.00 per ordinary share

 

47,000