2 false false false false false false false false false true false false false false false false No description of principal activity 2022-09-01 Sage Accounts Production Advanced 2021 - FRS102_2021 9,289 5,776 527 6,303 2,986 3,513 xbrli:pure xbrli:shares iso4217:GBP 08638146 2022-09-01 2023-08-31 08638146 2023-08-31 08638146 2022-08-31 08638146 2021-09-01 2022-08-31 08638146 2022-08-31 08638146 core:FurnitureFittings 2022-09-01 2023-08-31 08638146 bus:Director1 2022-09-01 2023-08-31 08638146 core:FurnitureFittings 2022-08-31 08638146 core:FurnitureFittings 2023-08-31 08638146 core:WithinOneYear 2023-08-31 08638146 core:WithinOneYear 2022-08-31 08638146 core:ShareCapital 2023-08-31 08638146 core:ShareCapital 2022-08-31 08638146 core:RetainedEarningsAccumulatedLosses 2023-08-31 08638146 core:RetainedEarningsAccumulatedLosses 2022-08-31 08638146 core:FurnitureFittings 2022-08-31 08638146 bus:SmallEntities 2022-09-01 2023-08-31 08638146 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 08638146 bus:FullAccounts 2022-09-01 2023-08-31 08638146 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 08638146 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31
COMPANY REGISTRATION NUMBER: 08638146
Blood Red Books Limited
Filleted Unaudited Financial Statements
31 August 2023
Blood Red Books Limited
Financial Statements
Year ended 31 August 2023
Contents
Pages
Balance sheet
1 to 2
Notes to the financial statements
3 to 5
Blood Red Books Limited
Balance Sheet
31 August 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
2,986
3,513
Current assets
Debtors
6
7,596
12,576
Cash at bank and in hand
52,760
46,246
--------
--------
60,356
58,822
Creditors: amounts falling due within one year
7
27,014
23,547
--------
--------
Net current assets
33,342
35,275
--------
--------
Total assets less current liabilities
36,328
38,788
Provisions
Taxation including deferred tax
567
667
--------
--------
Net assets
35,761
38,121
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
35,661
38,021
--------
--------
Shareholders funds
35,761
38,121
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Blood Red Books Limited
Balance Sheet (continued)
31 August 2023
These financial statements were approved by the board of directors and authorised for issue on 18 April 2024 , and are signed on behalf of the board by:
Mrs M Sherratt
Director
Company registration number: 08638146
Blood Red Books Limited
Notes to the Financial Statements
Year ended 31 August 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 159 Bagnall Road, Stoke on Trent, Staffordshire, ST2 7LW. The company registration number is 08638146 .
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sales of services is recognised upon the completion of the service.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment
-
15% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objectives evidence that the asset is impaired. Cash at bank and in hand This comprises cash at bank and in hand.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Fixtures, fittings and equipment
Total
£
£
Cost
At 1 September 2022 and 31 August 2023
9,289
9,289
-------
-------
Depreciation
At 1 September 2022
5,776
5,776
Charge for the year
527
527
-------
-------
At 31 August 2023
6,303
6,303
-------
-------
Carrying amount
At 31 August 2023
2,986
2,986
-------
-------
At 31 August 2022
3,513
3,513
-------
-------
6. Debtors
2023
2022
£
£
Trade debtors
7,596
12,576
-------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
1,856
6,354
Social security and other taxes
176
Other creditors
24,982
17,193
--------
--------
27,014
23,547
--------
--------