SMOOTH RED LTD

Company Registration Number:
05258877 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

SMOOTH RED LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

SMOOTH RED LTD

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 21,031 20,017
Total fixed assets: 21,031 20,017
Current assets
Debtors:   775,849 1,338,622
Cash at bank and in hand: 1,156,677 1,221,689
Total current assets: 1,932,526 2,560,311
Creditors: amounts falling due within one year:   (1,530,814) (2,013,968)
Net current assets (liabilities): 401,712 546,343
Total assets less current liabilities: 422,743 566,360
Creditors: amounts falling due after more than one year:   (23,200) (293,728)
Provision for liabilities: (4,206) (4,003)
Total net assets (liabilities): 395,337 268,629
Capital and reserves
Called up share capital: 32,000 32,000
Share premium account: 48,000 48,000
Profit and loss account: 315,337 188,629
Shareholders funds: 395,337 268,629

The notes form part of these financial statements

SMOOTH RED LTD

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 February 2024
and signed on behalf of the board by:

Name: Adam A Stebbings
Status: Director

The notes form part of these financial statements

SMOOTH RED LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SMOOTH RED LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 17 13

SMOOTH RED LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible Assets

Total
Cost £
At 01 November 2022 63,422
Additions 6,987
At 31 October 2023 70,409
Depreciation
At 01 November 2022 43,405
Charge for year 5,973
At 31 October 2023 49,378
Net book value
At 31 October 2023 21,031
At 31 October 2022 20,017

SMOOTH RED LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Financial commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases totalling £34,475 (2022 £nil).

SMOOTH RED LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Related party transactions

Name of the related party: Anthony D Stebbings
Relationship:
Director
Description of the Transaction: Loan
£
Balance at 01 November 2022 261,214
Balance at 31 October 2023 111,214

Dividends totalling £200,553 (2022 £nil) were paid in the year in respect of shares held by the company's directors.