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REGISTERED NUMBER: 00633512 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

REDDITCH INDUSTRIAL FINISHING
DEVELOPMENTS LTD

REDDITCH INDUSTRIAL FINISHING
DEVELOPMENTS LTD (REGISTERED NUMBER: 00633512)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REDDITCH INDUSTRIAL FINISHING
DEVELOPMENTS LTD

COMPANY INFORMATION
for the Year Ended 31st October 2023







DIRECTORS: Mr R P Griffin
Mrs D W Griffin





REGISTERED OFFICE: Holloway Farm
Hampton Charles
Tenbury Wells
Worcestershire
WR158PY





REGISTERED NUMBER: 00633512 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

REDDITCH INDUSTRIAL FINISHING
DEVELOPMENTS LTD (REGISTERED NUMBER: 00633512)

BALANCE SHEET
31st October 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,418 411,183

CURRENT ASSETS
Debtors 5 57 28,324
Cash at bank 294,822 1,268
294,879 29,592
CREDITORS
Amounts falling due within one year 6 299,343 530,465
NET CURRENT LIABILITIES (4,464 ) (500,873 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,954 (89,690 )

PROVISIONS FOR LIABILITIES 7 1,790 -
NET ASSETS/(LIABILITIES) 3,164 (89,690 )

CAPITAL AND RESERVES
Called up share capital 8 6,000 6,000
Retained earnings (2,836 ) (95,690 )
SHAREHOLDERS' FUNDS 3,164 (89,690 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

REDDITCH INDUSTRIAL FINISHING
DEVELOPMENTS LTD (REGISTERED NUMBER: 00633512)

BALANCE SHEET - continued
31st October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st July 2024 and were signed on its behalf by:





Mr R P Griffin - Director


REDDITCH INDUSTRIAL FINISHING
DEVELOPMENTS LTD (REGISTERED NUMBER: 00633512)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st October 2023


1. STATUTORY INFORMATION

Redditch Industrial Finishing Developments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

REDDITCH INDUSTRIAL FINISHING
DEVELOPMENTS LTD (REGISTERED NUMBER: 00633512)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st October 2023


4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 1st November 2022 400,000 5,959 146,179
Disposals (400,000 ) (5,959 ) -
At 31st October 2023 - - 146,179
DEPRECIATION
At 1st November 2022 - 5,959 135,861
Charge for year - - 1,548
Eliminated on disposal - (5,959 ) -
At 31st October 2023 - - 137,409
NET BOOK VALUE
At 31st October 2023 - - 8,770
At 31st October 2022 400,000 - 10,318

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST OR VALUATION
At 1st November 2022 18,077 34,689 604,904
Disposals - - (405,959 )
At 31st October 2023 18,077 34,689 198,945
DEPRECIATION
At 1st November 2022 18,040 33,861 193,721
Charge for year 10 207 1,765
Eliminated on disposal - - (5,959 )
At 31st October 2023 18,050 34,068 189,527
NET BOOK VALUE
At 31st October 2023 27 621 9,418
At 31st October 2022 37 828 411,183

Included in cost or valuation of land and buildings is freehold land of £ 400,000 (2022 - £ 400,000 ) which is not depreciated.

REDDITCH INDUSTRIAL FINISHING
DEVELOPMENTS LTD (REGISTERED NUMBER: 00633512)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st October 2023


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31st October 2023 is represented by:

Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost 146,179 18,077 34,689 198,945

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade debtors 57 246
VAT - 3,357
Deferred tax asset - 24,721
57 28,324

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade creditors 451 23,188
VAT 63 -
Other creditors 25,486 (28 )
Directors' current accounts - 507,305
Directors' loan accounts 273,343 -
299,343 530,465

7. PROVISIONS FOR LIABILITIES
31/10/23
£   
Deferred tax
Accelerated capital allowances 1,790

Deferred
tax
£   
Balance at 1st November 2022 (24,721 )
Provided during year 26,511
Balance at 31st October 2023 1,790

REDDITCH INDUSTRIAL FINISHING
DEVELOPMENTS LTD (REGISTERED NUMBER: 00633512)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st October 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/23 31/10/22
value: £    £   
6,000 Ordinary A 1 6,000 6,000

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R P Griffin.