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Company Registration No. 12452870 (England and Wales)
Redshift Holdings Ltd Unaudited accounts for the year ended 29 February 2024
Redshift Holdings Ltd Unaudited accounts Contents
Page
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Redshift Holdings Ltd Company Information for the year ended 29 February 2024
Director
Mr. Sol Smith
Company Number
12452870 (England and Wales)
Registered Office
85 Knowsley Road Norwich Norfolk NR3 4PT England
Accountants
Together Accounting Limited 17-19 St Georges Street Norwich Norfolk NR3 1AB
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Redshift Holdings Ltd Accountants' report
Accountants' report to the director of Redshift Holdings Ltd on the preparation of the unaudited statutory accounts for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Redshift Holdings Ltd for the year ended 29 February 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Redshift Holdings Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Redshift Holdings Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Redshift Holdings Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Redshift Holdings Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Redshift Holdings Ltd. You consider that Redshift Holdings Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Redshift Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Together Accounting Limited 17-19 St Georges Street Norwich Norfolk NR3 1AB 23 August 2024
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Redshift Holdings Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,268 
2,024 
Current assets
Debtors
30,877 
22,835 
Cash at bank and in hand
1,126 
6,884 
32,003 
29,719 
Creditors: amounts falling due within one year
(3,722)
(7,255)
Net current assets
28,281 
22,464 
Total assets less current liabilities
29,549 
24,488 
Creditors: amounts falling due after more than one year
(2,437)
(3,291)
Provisions for liabilities
Deferred tax
(241)
- 
Net assets
26,871 
21,197 
Capital and reserves
Called up share capital
11 
10 
Profit and loss account
26,860 
21,187 
Shareholders' funds
26,871 
21,197 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 August 2024 and were signed on its behalf by
Mr. Sol Smith Director Company Registration No. 12452870
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Redshift Holdings Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Redshift Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 12452870. The registered office is 85 Knowsley Road, Norwich, Norfolk, NR3 4PT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% - Reducing Balance Method
Fixtures & fittings
25% - Reducing Balance Method
Computer equipment
33% - Straight Line Method
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Redshift Holdings Ltd Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
1,681 
589 
1,207 
3,477 
At 29 February 2024
1,681 
589 
1,207 
3,477 
Depreciation
At 1 March 2023
539 
316 
598 
1,453 
Charge for the year
286 
68 
402 
756 
At 29 February 2024
825 
384 
1,000 
2,209 
Net book value
At 29 February 2024
856 
205 
207 
1,268 
At 28 February 2023
1,142 
273 
609 
2,024 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
540 
- 
Other debtors
30,337 
22,835 
30,877 
22,835 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
391 
578 
VAT
659 
981 
Taxes and social security
1,647 
4,896 
Accruals
1,025 
800 
3,722 
7,255 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,437 
3,291 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary A shares of £1 each
10 
10 
1 Ordinary B shares of £1 each
1 
- 
11 
10 
Shares issued during the period:
1 Ordinary B shares of £1 each
1 
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Redshift Holdings Ltd Notes to the Accounts for the year ended 29 February 2024
9
Loans to directors
As at 29th February 2024 the directors owed the company £30,337. The loan is included in other debtors due within one year in note 6 to the financial statements and is repayable on demand.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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