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Registered number: 03432231
Redtrade Limited
Unaudited Financial Statements
For the Period 1 October 2022 to 30 November 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03432231
30 November 2023 30 September 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 (2 ) 2,160
(2 ) 2,160
CURRENT ASSETS
Debtors 5 336,063 280,063
Cash at bank and in hand 1,476 37,559
337,539 317,622
Creditors: Amounts Falling Due Within One Year 6 (12,659 ) (39,512 )
NET CURRENT ASSETS (LIABILITIES) 324,880 278,110
TOTAL ASSETS LESS CURRENT LIABILITIES 324,878 280,270
NET ASSETS 324,878 280,270
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 324,876 280,268
SHAREHOLDERS' FUNDS 324,878 280,270
Page 1
Page 2
For the period ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Robin Watchorn
Director
28/03/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Redtrade Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03432231 . The registered office is 8 Eastfield Lane, Welton, Lincoln, Lincolnshire, LN2 3NA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
Computer Equipment 20% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2022: 1)
1 1
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 October 2022 17,064 3,726 20,790
Disposals (17,064 ) (3,726 ) (20,790 )
Depreciation
As at 1 October 2022 14,904 3,726 18,630
Disposals (14,903 ) (3,725 ) (18,628 )
As at 30 November 2023 1 1 2
Net Book Value
As at 30 November 2023 (1 ) (1 ) (2 )
As at 1 October 2022 2,160 - 2,160
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Page 4
5. Debtors
30 November 2023 30 September 2022
£ £
Due within one year
Trade debtors 236,063 236,063
Other debtors (1) 100,000 44,000
336,063 280,063
6. Creditors: Amounts Falling Due Within One Year
30 November 2023 30 September 2022
£ £
Bank loans and overdrafts - 26,933
Accruals and deferred income 1,600 1,600
Director's loan account 11,059 10,979
12,659 39,512
7. Share Capital
30 November 2023 30 September 2022
£ £
Allotted, Called up and fully paid 2 2
Page 4