13 February 2023 false No description of principal activity Taxfiler 2024.5 14659785business:PrivateLimitedCompanyLtd2023-02-132024-02-29 146597852023-02-12 146597852023-02-132024-02-29 14659785business:AuditExemptWithAccountantsReport2023-02-132024-02-29 14659785business:FilletedAccounts2023-02-132024-02-29 146597852024-02-29 14659785business:Director12023-02-132024-02-29 14659785business:RegisteredOffice2023-02-132024-02-29 14659785core:WithinOneYear2024-02-29 14659785core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 14659785core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 14659785core:PreviouslyStatedAmount2024-02-29 14659785business:SmallEntities2023-02-132024-02-29 14659785countries:EnglandWales2023-02-132024-02-29 14659785core:PlantMachinery2023-02-132024-02-29 14659785core:ComputerEquipment2023-02-132024-02-29 14659785core:PlantMachinery2023-02-12 14659785core:ComputerEquipment2023-02-12 14659785core:PlantMachinery2024-02-29 14659785core:ComputerEquipment2024-02-29 iso4217:GBP xbrli:pure
Company Registration No. 14659785 (England and Wales)
Red Kite People Development Ltd Unaudited accounts for the period from 13 February 2023 to 29 February 2024
Red Kite People Development Ltd Unaudited accounts Contents
Page
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Red Kite People Development Ltd Company Information for the period from 13 February 2023 to 29 February 2024
Director
Elizabeth Elton
Company Number
14659785 (England and Wales)
Registered Office
OFFICE 7, 35-37 LUDGATE HILL LONDON EC4M 7JN UNITED KINGDOM
Accountants
MAB Accountancy Hub Ltd 82 Station Road Bishops Cleeve Cheltenham Gloucestershire GL52 8HJ
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Red Kite People Development Ltd Statement of financial position as at 29 February 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
2,261 
Current assets
Debtors
7,700 
Cash at bank and in hand
31,762 
39,462 
Creditors: amounts falling due within one year
(13,845)
Net current assets
25,617 
Net assets
27,878 
Capital and reserves
Called up share capital
1,000 
Profit and loss account
26,878 
Shareholders' funds
27,878 
For the period ending 29 February 2024 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 31 July 2024 and were signed on its behalf by
Elizabeth Elton Director Company Registration No. 14659785
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Red Kite People Development Ltd Notes to the Accounts for the period from 13 February 2023 to 29 February 2024
1
Statutory information
Red Kite People Development Ltd is a private company, limited by shares, registered in England and Wales, registration number 14659785. The registered office is OFFICE 7, 35-37 LUDGATE HILL, LONDON, EC4M 7JN, 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 period, 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.
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.
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
4 Years
Computer equipment
3 years
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Red Kite People Development Ltd Notes to the Accounts for the period from 13 February 2023 to 29 February 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 13 February 2023
- 
- 
- 
Additions
81 
2,602 
2,683 
At 29 February 2024
81 
2,602 
2,683 
Depreciation
Charge for the period
7 
415 
422 
At 29 February 2024
7 
415 
422 
Net book value
At 29 February 2024
74 
2,187 
2,261 
5
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
3,399 
Accrued income and prepayments
4,301 
7,700 
6
Creditors: amounts falling due within one year
2024 
£ 
VAT
2,746 
Taxes and social security
6,846 
Other creditors
95 
Loans from directors
3,364 
Accruals
794 
13,845 
7
Average number of employees
During the period the average number of employees was 2.
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