Registered number
04701678
Red Kite Business Systems Limited
Filleted Accounts
31 March 2024
Red Kite Business Systems Limited
Registered number: 04701678
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,177 376
Current assets
Cash at bank and in hand 93,330 116,117
Creditors: amounts falling due within one year 4 (1,247) (6,057)
Net current assets 92,083 110,060
Net assets 93,260 110,436
Capital and reserves
Share premium 100 100
Profit and loss account 93,160 110,336
Shareholders' funds 93,260 110,436
The directors are 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 directors acknowledge their 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.
P J Rose
Director
Approved by the board on 12 July 2024
Red Kite Business Systems Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The 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 represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Office equipment 33% straight line
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Taxation
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 8,392
Additions 1,133
At 31 March 2024 9,525
Depreciation
At 1 April 2023 8,016
Charge for the year 332
At 31 March 2024 8,348
Net book value
At 31 March 2024 1,177
At 31 March 2023 376
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 33
Taxation and social security costs 6,198 7,112
Other creditors (4,951) (1,088)
1,247 6,057
5 Other information
Red Kite Business Systems Limited is a private company limited by shares and incorporated in England. Its registered office is:
12 West End
Weston Turville
Aylesbury
Buckinghamshire
HP22 5TT
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