Registration number:
Redwitch Feeds Limited
for the Year Ended 31 March 2024
Redwitch Feeds Limited
(Registration number: 09078814)
Balance Sheet as at 31 March 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
|
|
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Cash at bank and in hand |
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|
|
|
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
( |
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Provisions for liabilities |
( |
( |
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Net (liabilities)/assets |
( |
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|
Capital and reserves |
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Called up share capital |
100 |
100 |
|
Profit and loss account |
(3,968) |
694 |
|
Shareholders' (deficit)/funds |
(3,868) |
794 |
For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the
Redwitch Feeds Limited
(Registration number: 09078814)
Balance Sheet as at 31 March 2024
.........................................
Director
Redwitch Feeds Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
Accounting policies |
Redwitch Feeds Limited is a private company, limited by shares, domiciled in England and Wales, company number 09078814. The registered office is at
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.
These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
Revenue recognition
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Motor vehicles |
25% reducing balance |
Office equipment |
33% straight line |
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Redwitch Feeds Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
5 years straight line |
Stocks
Stock is stated at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling rpice less anticipated costs to completion and selling costs.
Going concern
After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existance for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing annual report and accounts.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Redwitch Feeds Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
Intangible assets |
Goodwill |
Total |
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Cost |
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At 1 April 2023 |
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At 31 March 2024 |
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Amortisation |
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At 1 April 2023 |
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At 31 March 2024 |
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|
Carrying amount |
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At 31 March 2024 |
- |
- |
Tangible assets |
Office equipment |
Motor vehicles |
Total |
|
Cost |
|||
At 1 April 2023 |
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At 31 March 2024 |
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|
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Depreciation |
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At 1 April 2023 |
|
|
|
Charge for the year |
- |
|
|
At 31 March 2024 |
|
|
|
Carrying amount |
|||
At 31 March 2024 |
- |
|
|
At 31 March 2023 |
- |
|
|
Redwitch Feeds Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
Debtors |
2024 |
2023 |
|
Trade debtors |
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Prepayments |
|
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Other Debtors |
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|
|
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Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
|
Due within one year |
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Trade creditors |
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Directors' current accounts |
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Social security and other taxes |
|
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Corporation tax |
- |
2,118 |
Accrued expenses |
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