IRIS Accounts Production v24.1.9.2 04970453 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh049704532022-11-30049704532023-11-30049704532022-12-012023-11-30049704532021-11-30049704532021-12-012022-11-30049704532022-11-3004970453ns15:EnglandWales2022-12-012023-11-3004970453ns14:PoundSterling2022-12-012023-11-3004970453ns10:Director12022-12-012023-11-3004970453ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3004970453ns10:SmallEntities2022-12-012023-11-3004970453ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3004970453ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3004970453ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3004970453ns10:AbridgedAccounts2022-12-012023-11-3004970453ns10:Director22022-12-012023-11-3004970453ns10:Director32022-12-012023-11-3004970453ns10:RegisteredOffice2022-12-012023-11-3004970453ns5:CurrentFinancialInstruments2023-11-3004970453ns5:CurrentFinancialInstruments2022-11-3004970453ns5:ShareCapital2023-11-3004970453ns5:ShareCapital2022-11-3004970453ns5:RetainedEarningsAccumulatedLosses2023-11-3004970453ns5:RetainedEarningsAccumulatedLosses2022-11-3004970453ns5:FurnitureFittings2022-12-012023-11-3004970453ns5:MotorVehicles2022-12-012023-11-3004970453ns5:ComputerEquipment2022-12-012023-11-30
REGISTERED NUMBER: 04970453 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Redline Tele.Com Limited

Redline Tele.Com Limited (Registered number: 04970453)

Contents of the Financial Statements
for the year ended 30 November 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Redline Tele.Com Limited

Company Information
for the year ended 30 November 2023







Directors: C D James
E P James
A L Simmonds





Registered office: 13 Commercial Road
Hereford
Herefordshire
HR1 2BB





Registered number: 04970453 (England and Wales)





Accountants: Acre Accountancy Limited
Unit 2 Foley Works
Foley Industrial Estate
Hereford
Herefordshire
HR1 2SF

Redline Tele.Com Limited (Registered number: 04970453)

Abridged Balance Sheet
30 November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 72,815 94,518

CURRENT ASSETS
Stocks 23,449 12,696
Debtors 417,334 255,267
Cash at bank 1,216,698 1,165,004
1,657,481 1,432,967
CREDITORS
Amounts falling due within one year (310,399 ) (357,600 )
NET CURRENT ASSETS 1,347,082 1,075,367
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,419,897

1,169,885

PROVISIONS FOR LIABILITIES (18,204 ) (17,958 )
NET ASSETS 1,401,693 1,151,927

CAPITAL AND RESERVES
Called up share capital 6 200 200
Retained earnings 1,401,493 1,151,727
SHAREHOLDERS' FUNDS 1,401,693 1,151,927

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Redline Tele.Com Limited (Registered number: 04970453)

Abridged Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by:





C D James - Director


Redline Tele.Com Limited (Registered number: 04970453)

Notes to the Financial Statements
for the year ended 30 November 2023


1. STATUTORY INFORMATION

Redline Tele.Com Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Redline Tele.Com Limited (Registered number: 04970453)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement. They are classified as financial assets, financial liabilities, or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 11 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
Cost
At 1 December 2022 138,616
Additions 2,468
At 30 November 2023 141,084
Depreciation
At 1 December 2022 44,098
Charge for year 24,171
At 30 November 2023 68,269
Net book value
At 30 November 2023 72,815
At 30 November 2022 94,518

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number Class: Nominal value: 2021 2020
£ £

70 Ordinary A £1 70 70
30 Ordinary B £1 30 30
70 Ordinary C £1 70 70
30 Ordinary D £1 30 30
200 200