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
Redshift Holdings Ltd
Company Information
for the year ended 29 February 2024
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
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
Redshift Holdings Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
1,268
2,024
Cash at bank and in hand
1,126
6,884
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
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
Redshift Holdings Ltd
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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
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
At 29 February 2024
856
205
207
1,268
At 28 February 2023
1,142
273
609
2,024
Amounts falling due within one year
Other debtors
30,337
22,835
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
391
578
Taxes and social security
1,647
4,896
7
Creditors: amounts falling due after more than one year
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
-
Shares issued during the period:
1 Ordinary B shares of £1 each
1
Redshift Holdings Ltd
Notes to the Accounts
for the year ended 29 February 2024
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).