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REGISTERED NUMBER: 06384511 (England and Wales)














Financial Statements for the Year Ended 31 December 2023

for

Red Dot Cameras Limited

Red Dot Cameras Limited (Registered number: 06384511)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Red Dot Cameras Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr I Cooper
Mrs E Cooper





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 06384511 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Red Dot Cameras Limited (Registered number: 06384511)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 73,249 89,930

CURRENT ASSETS
Inventories 1,725,650 1,441,838
Debtors 5 70,143 68,319
Cash at bank and in hand 492,297 770,393
2,288,090 2,280,550
CREDITORS
Amounts falling due within one year 6 151,193 224,861
NET CURRENT ASSETS 2,136,897 2,055,689
TOTAL ASSETS LESS CURRENT LIABILITIES 2,210,146 2,145,619

PROVISIONS FOR LIABILITIES 15,642 15,539
NET ASSETS 2,194,504 2,130,080

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,194,502 2,130,078
SHAREHOLDERS' FUNDS 2,194,504 2,130,080

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

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

Red Dot Cameras Limited (Registered number: 06384511)

Statement of Financial Position - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:




Mr I Cooper - Director



Mrs E Cooper - Director


Red Dot Cameras Limited (Registered number: 06384511)

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

1. STATUTORY INFORMATION

Red Dot Cameras 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. 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 goods and services excluding value added tax. Income is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over 15 years
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Inventories 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 Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

Red Dot Cameras Limited (Registered number: 06384511)

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 5,410 120,412 84,430 58,263 268,515
Additions - - - 2,506 2,506
At 31 December 2023 5,410 120,412 84,430 60,769 271,021
DEPRECIATION
At 1 January 2023 2,372 85,185 48,811 42,217 178,585
Charge for year 360 5,284 8,905 4,638 19,187
At 31 December 2023 2,732 90,469 57,716 46,855 197,772
NET BOOK VALUE
At 31 December 2023 2,678 29,943 26,714 13,914 73,249
At 31 December 2022 3,038 35,227 35,619 16,046 89,930

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 19,175 15,275
Amounts owed by associates - 22,033
Other debtors 50,968 31,011
70,143 68,319

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 85,571 153,191
Taxation and social security 63,490 36,443
Other creditors 2,132 35,227
151,193 224,861

7. RELATED PARTY DISCLOSURES

The directors Mr I Cooper and Mrs E Cooper are considered to be the key management personnel.