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REGISTERED NUMBER: 03342515 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Redwood Energy Ltd

Redwood Energy Ltd (Registered number: 03342515)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Redwood Energy Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P R Coles
Mrs J L Coles





SECRETARY: P R Coles





REGISTERED OFFICE: 47 Arlesey Road
Ickleford
Hitchin
Hertfordshire
SG5 3TG





REGISTERED NUMBER: 03342515 (England and Wales)





ACCOUNTANTS: D and E Accountancy Ltd
Tax Advisors and Accountants
2nd Floor, 2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP

Redwood Energy Ltd (Registered number: 03342515)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,905 47,241

CURRENT ASSETS
Debtors 5 1,813 3,675
Cash at bank 16,274 24,431
18,087 28,106
CREDITORS
Amounts falling due within one year 6 353 (1,463 )
NET CURRENT ASSETS 17,734 29,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,639

76,810

PROVISIONS FOR LIABILITIES 7 1,078 3,593
NET ASSETS 56,561 73,217

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 55,561 72,217
SHAREHOLDERS' FUNDS 56,561 73,217

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Redwood Energy Ltd (Registered number: 03342515)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2024 and were signed on its behalf by:





P R Coles - Director


Redwood Energy Ltd (Registered number: 03342515)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Redwood Energy 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.

Turnover
Turnover represents net invoiced fees, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 14,485 50,050 64,535
DEPRECIATION
At 1 January 2023 13,123 4,171 17,294
Charge for year 454 6,882 7,336
At 31 December 2023 13,577 11,053 24,630
NET BOOK VALUE
At 31 December 2023 908 38,997 39,905
At 31 December 2022 1,362 45,879 47,241

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,813 3,675

Redwood Energy Ltd (Registered number: 03342515)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security (269 ) (2,707 )
Other creditors 622 1,244
353 (1,463 )

7. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 1,078 3,593

Deferred
tax
£   
Balance at 1 January 2023 3,593
Provision for year (2,515 )
Balance at 31 December 2023 1,078

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 January 2023 72,217
Deficit for the year (12,656 )
Dividends (4,000 )
At 31 December 2023 55,561