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REGISTERED NUMBER: 09606282 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Red Led Limited

Red Led Limited (Registered number: 09606282)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


Red Led Limited (Registered number: 09606282)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,650 7,933

CURRENT ASSETS
Stocks 105,000 87,050
Debtors 5 317,428 255,990
Cash at bank and in hand 30,766 32,172
453,194 375,212
CREDITORS
Amounts falling due within one year 6 439,497 343,497
NET CURRENT ASSETS 13,697 31,715
TOTAL ASSETS LESS CURRENT LIABILITIES 51,347 39,648

CREDITORS
Amounts falling due after more than one year 7 (15,200 ) (22,800 )

PROVISIONS FOR LIABILITIES (9,413 ) (1,507 )
NET ASSETS 26,734 15,341

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 26,634 15,241
SHAREHOLDERS' FUNDS 26,734 15,341

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

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

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 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:





Mr A Lloyd - Director


Red Led Limited (Registered number: 09606282)

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

1. STATUTORY INFORMATION

Red Led Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09606282

Registered office: 71A London Road
Alderley Edge
Cheshire
SK9 7DY

The presentation currency of the financial statements is the Pound Sterling (£).


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 sales of services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

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 - 33% on cost

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

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.

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.

Red Led Limited (Registered number: 09606282)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2022 4,911 15,800 520 21,231
Additions 346 - 52,715 53,061
Disposals - (15,800 ) - (15,800 )
At 31 May 2023 5,257 - 53,235 58,492
DEPRECIATION
At 1 June 2022 2,149 10,802 347 13,298
Charge for year 777 - 17,569 18,346
Eliminated on disposal - (10,802 ) - (10,802 )
At 31 May 2023 2,926 - 17,916 20,842
NET BOOK VALUE
At 31 May 2023 2,331 - 35,319 37,650
At 31 May 2022 2,762 4,998 173 7,933

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 305,418 243,980
Other debtors 12,010 12,010
317,428 255,990

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 23,702 7,600
Taxation and social security 257,603 172,016
Other creditors 158,192 163,881
439,497 343,497

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 15,200 22,800