IRIS Accounts Production v24.1.4.33 10948610 Board of Directors 1.1.23 31.12.23 31.12.23 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh109486102022-12-31109486102023-12-31109486102023-01-012023-12-31109486102021-12-31109486102022-01-012022-12-31109486102022-12-3110948610ns15:EnglandWales2023-01-012023-12-3110948610ns14:PoundSterling2023-01-012023-12-3110948610ns10:Director12023-01-012023-12-3110948610ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3110948610ns10:SmallEntities2023-01-012023-12-3110948610ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3110948610ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3110948610ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3110948610ns10:FullAccounts2023-01-012023-12-3110948610ns10:OrdinaryShareClass12023-01-012023-12-3110948610ns10:Director22023-01-012023-12-3110948610ns10:RegisteredOffice2023-01-012023-12-3110948610ns5:CurrentFinancialInstruments2023-12-3110948610ns5:CurrentFinancialInstruments2022-12-3110948610ns5:ShareCapital2023-12-3110948610ns5:ShareCapital2022-12-3110948610ns5:RetainedEarningsAccumulatedLosses2023-12-3110948610ns5:RetainedEarningsAccumulatedLosses2022-12-3110948610ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3110948610ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3110948610ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 10948610 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

REDLINE CONVERSIONS LTD

REDLINE CONVERSIONS LTD (REGISTERED NUMBER: 10948610)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


REDLINE CONVERSIONS LTD

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: M Turley
D J Brown





REGISTERED OFFICE: 1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB





REGISTERED NUMBER: 10948610 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

REDLINE CONVERSIONS LTD (REGISTERED NUMBER: 10948610)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 7,143 2
Cash at bank 132,042 125,687
139,185 125,689
CREDITORS
Amounts falling due within one year 5 81,475 79,724
NET CURRENT ASSETS 57,710 45,965
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,710

45,965

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 57,708 45,963
SHAREHOLDERS' FUNDS 57,710 45,965

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.

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 11 July 2024 and were signed on its behalf by:





D J Brown - Director


REDLINE CONVERSIONS LTD (REGISTERED NUMBER: 10948610)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Redline Conversions Ltd 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.

Significant judgements and estimates
The company is not subject to any significant judgements or estimates.

Turnover
Turnover is measured at the fair value of the consideration receivable net of VAT and trade discounts.
The polices adopted for the recognition of turnover are as follows:-

Sales of Goods
Turnover from the sale of caravans, motorhomes and accessories is recognised when significant risks
and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be
measured reliably, it is probable that the economic benefits associated with the transaction will flow to
the company and the cost incurred or to be incurred in respect of the transaction can be measured
reliably. This is usually on dispatch of the goods.

Interest and commission
Interest income is recognised using the effective interest method. Commission and rent receivable is
recognised as the company's right to receive payment is established.

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 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.

Basic financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss
account in other administrative expenses.

REDLINE CONVERSIONS LTD (REGISTERED NUMBER: 10948610)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,023 -
VAT 118 -
Called up share capital not paid 2 2
7,143 2

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,367 3,632
Tax 2,908 1,761
VAT - 131
Directors' current accounts 72,000 72,000
Accrued expenses 2,200 2,200
81,475 79,724

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

7. RELATED PARTY DISCLOSURES

Amounts owed to directors was £72,000 (2020: £72,000)