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Company Registration No. 12244369 (England and Wales)
Redland Construction Limited Unaudited accounts for the year ended 31 October 2023
Redland Construction Limited Unaudited accounts Contents
Page
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Redland Construction Limited Company Information for the year ended 31 October 2023
Director
Brenda Labrum
Company Number
12244369 (England and Wales)
Registered Office
310D, EW Sterling House Langston Road Loughton IG10 3TS United Kingdom
Accountants
Capital Talks LLP Accountants & Tax consultants 310D - EW Sterling House Langston Road Loughton IG10 3TS
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Redland Construction Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
(1)
1,062 
Current assets
Inventories
37,500 
22,500 
Debtors
36,229 
30,066 
Cash at bank and in hand
14,458 
8,596 
88,187 
61,162 
Creditors: amounts falling due within one year
(54,492)
(24,200)
Net current assets
33,695 
36,962 
Total assets less current liabilities
33,694 
38,024 
Creditors: amounts falling due after more than one year
(14,638)
(29,107)
Net assets
19,056 
8,917 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
18,956 
8,817 
Shareholders' funds
19,056 
8,917 
For the year ending 31 October 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 director acknowledges her 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 and authorised for issue on 2 July 2024 and were signed on its behalf by
Brenda Labrum Director Company Registration No. 12244369
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Redland Construction Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Redland Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 12244369. The registered office is 310D, EW Sterling House, Langston Road, Loughton, IG10 3TS, United Kingdom.
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% on cost.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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.
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Redland Construction Limited Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2022
4,250 
At 31 October 2023
4,250 
Depreciation
At 1 November 2022
3,188 
Charge for the year
1,063 
At 31 October 2023
4,251 
Net book value
At 31 October 2023
(1)
At 31 October 2022
1,062 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,050 
9,500 
Other debtors
25,179 
20,566 
36,229 
30,066 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
38,068 
10,147 
Taxes and social security
5,679 
2,799 
Accruals
745 
1,254 
54,492 
24,200 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,638 
29,107 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Loans to directors
The director controls the company as a result of controlling directly 100% of the issued shares capital.
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Redland Construction Limited Notes to the Accounts for the year ended 31 October 2023
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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