Registered number
03673041
Red Bird Publishing Limited
Filleted Abridged Accounts
30 November 2023
Red Bird Publishing Limited
Registered number: 03673041
Abridged Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,782 5,603
Current assets
Stocks 125,683 37,752
Debtors 165,735 191,083
Cash at bank and in hand 169,001 257,094
460,419 485,929
Creditors: amounts falling due within one year (272,855) (282,719)
Net current assets 187,564 203,210
Total assets less current liabilities 193,346 208,813
Creditors: amounts falling due after more than one year (33,256) (39,212)
Net assets 160,090 169,601
Capital and reserves
Called up share capital 900 900
Profit and loss account 159,190 168,701
Shareholders' funds 160,090 169,601
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
M Rhodes-Schofield
Director
Approved by the board on 30 June 2024
Red Bird Publishing Limited
Notes to the Abridged Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Property improvements 10% straight line
Motor vehicles 25% reducing balance
Fixtures, fittings, tools and equipment 20% - 33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Total
£
Cost
At 1 December 2022 64,027
Additions 3,108
At 30 November 2023 67,135
Depreciation
At 1 December 2022 58,424
Charge for the year 2,929
At 30 November 2023 61,353
Net book value
At 30 November 2023 5,782
At 30 November 2022 5,603
4 Other information
Red Bird Publishing Limited is a private company limited by shares and incorporated in England. Its registered office is:
Kiln Farm East End Green
Brightlingsea
Colchester
Essex
CO7 0SX
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