Company Registration No. 08654914 (England and Wales)
Red Kite Carpentry Limited
Unaudited accounts
for the year ended 31 August 2023
Red Kite Carpentry Limited
Unaudited accounts
Contents
Red Kite Carpentry Limited
Company Information
for the year ended 31 August 2023
Directors
Mr J R Moffat
Mrs R Moffat
Company Number
08654914 (England and Wales)
Registered Office
106 Cranbourne Lane
Basingstoke
Hampshire
RG21 3NU
United Kingdome
Accountants
Eldridge & Associates Limited
Drewitts Ash
Hannington
Tadley
Hampshire
RG26 5UA
Red Kite Carpentry Limited
Statement of financial position
as at 31 August 2023
Tangible assets
52,232
24,405
Cash at bank and in hand
160,901
103,035
Creditors: amounts falling due within one year
(36,341)
(23,354)
Net current assets
201,792
156,378
Total assets less current liabilities
254,024
180,783
Creditors: amounts falling due after more than one year
(12,631)
(15,124)
Provisions for liabilities
Deferred tax
(10,968)
(4,637)
Net assets
230,425
161,022
Called up share capital
100
100
Profit and loss account
230,325
160,922
Shareholders' funds
230,425
161,022
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 2 March 2024 and were signed on its behalf by
Mrs R Moffat
Director
Company Registration No. 08654914
Red Kite Carpentry Limited
Notes to the Accounts
for the year ended 31 August 2023
Red Kite Carpentry Limited is a private company, limited by shares, registered in England and Wales, registration number 08654914. The registered office is 106 Cranbourne Lane, Basingstoke, Hampshire, RG21 3NU, United Kingdome.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Computer equipment
50% straight line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Red Kite Carpentry Limited
Notes to the Accounts
for the year ended 31 August 2023
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2022
47,118
3,211
50,329
Additions
41,769
467
42,236
At 31 August 2023
88,887
3,678
92,565
At 1 September 2022
23,618
2,306
25,924
Charge for the year
13,635
774
14,409
At 31 August 2023
37,253
3,080
40,333
At 31 August 2023
51,634
598
52,232
At 31 August 2022
23,500
905
24,405
Amounts falling due within one year
Trade debtors
49,989
10,473
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
2,491
2,492
Trade creditors
23,725
19,371
Taxes and social security
8,283
3,571
Loans from directors
2,094
282
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
12,631
15,124
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).