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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
Page
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Red Kite Carpentry Limited Company Information for the year ended 31 August 2023
Directors
Mr J R Moffat Mrs R Moffat
Secretary
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
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Red Kite Carpentry Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
52,232 
24,405 
Current assets
Inventories
21,987 
63,024 
Debtors
55,245 
13,673 
Cash at bank and in hand
160,901 
103,035 
238,133 
179,732 
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 
Capital and reserves
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
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Red Kite Carpentry Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
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.
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Leased assets
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 taxation
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.
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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 
Depreciation
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 
Net book value
At 31 August 2023
51,634 
598 
52,232 
At 31 August 2022
23,500 
905 
24,405 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
49,989 
10,473 
Other debtors
5,256 
3,200 
55,245 
13,673 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
(811)
(2,912)
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 
Other creditors
9 
- 
Loans from directors
2,094 
282 
Accruals
550 
550 
36,341 
23,354 
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).
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