Redwitch Feeds Limited 09078814 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is wholesale dog feed sales Digita Accounts Production Advanced 6.30.9574.0 true true 09078814 2023-04-01 2024-03-31 09078814 2024-03-31 09078814 core:CurrentFinancialInstruments 2024-03-31 09078814 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09078814 core:Goodwill 2024-03-31 09078814 core:MotorVehicles 2024-03-31 09078814 core:OfficeEquipment 2024-03-31 09078814 bus:SmallEntities 2023-04-01 2024-03-31 09078814 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09078814 bus:FullAccounts 2023-04-01 2024-03-31 09078814 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09078814 bus:RegisteredOffice 2023-04-01 2024-03-31 09078814 bus:Director1 2023-04-01 2024-03-31 09078814 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09078814 core:Goodwill 2023-04-01 2024-03-31 09078814 core:MotorVehicles 2023-04-01 2024-03-31 09078814 core:OfficeEquipment 2023-04-01 2024-03-31 09078814 countries:AllCountries 2023-04-01 2024-03-31 09078814 2023-03-31 09078814 core:Goodwill 2023-03-31 09078814 core:MotorVehicles 2023-03-31 09078814 core:OfficeEquipment 2023-03-31 09078814 2022-04-01 2023-03-31 09078814 2023-03-31 09078814 core:CurrentFinancialInstruments 2023-03-31 09078814 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09078814 core:MotorVehicles 2023-03-31 09078814 core:OfficeEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 09078814

Redwitch Feeds Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Redwitch Feeds Limited

(Registration number: 09078814)

Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,264

1,685

Current assets

 

Stocks

6,281

13,064

Debtors

5

4,987

4,143

Cash at bank and in hand

 

27,524

39,818

 

38,792

57,025

Creditors: Amounts falling due within one year

6

(43,608)

(57,495)

Net current liabilities

 

(4,816)

(470)

Total assets less current liabilities

 

(3,552)

1,215

Provisions for liabilities

(316)

(421)

Net (liabilities)/assets

 

(3,868)

794

Capital and reserves

 

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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 Board on 8 August 2024 and signed on its behalf by:
 

 

Redwitch Feeds Limited

(Registration number: 09078814)

Balance Sheet as at 31 March 2024

.........................................

Mr David Killilea
Director

 

Redwitch Feeds Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

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 30 The Avenue, Bessacarr, Doncaster, South Yorkshire, DN4 5LA.

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.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Redwitch Feeds Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

3

Intangible assets

Goodwill
 £

Total
£

Cost

At 1 April 2023

22,000

22,000

At 31 March 2024

22,000

22,000

Amortisation

At 1 April 2023

22,000

22,000

At 31 March 2024

22,000

22,000

Carrying amount

At 31 March 2024

-

-

4

Tangible assets

Office equipment
£

Motor vehicles
 £

Total
£

Cost

At 1 April 2023

432

12,895

13,327

At 31 March 2024

432

12,895

13,327

Depreciation

At 1 April 2023

432

11,210

11,642

Charge for the year

-

421

421

At 31 March 2024

432

11,631

12,063

Carrying amount

At 31 March 2024

-

1,264

1,264

At 31 March 2023

-

1,685

1,685

 

Redwitch Feeds Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Debtors

2024
 £

2023
 £

Trade debtors

3,324

3,401

Prepayments

643

638

Other Debtors

1,020

104

4,987

4,143

6

Creditors

Creditors: amounts falling due within one year

2024
 £

2023
 £

Due within one year

Trade creditors

3,626

1,758

Directors' current accounts

38,213

51,711

Social security and other taxes

284

513

Corporation tax

-

2,118

Accrued expenses

1,485

1,395

43,608

57,495