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Company Registration No. SC427961 (Scotland)
Red Chair Highland Ltd Unaudited accounts for the year ended 31 July 2024
Red Chair Highland Ltd Unaudited accounts Contents
Page
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Red Chair Highland Ltd Company Information for the year ended 31 July 2024
Directors
Louise Ross Kirsty Adam Megan Morrison
Secretary
Louise Ross
Company Number
SC427961 (Scotland)
Registered Office
58 DENNY STREET INVERNESS IV2 3AR
Accountants
Kerry Mackinnon Signature Accounting Solutions Ltd 93 Suilven Way Inverness Highland IV3 8PE
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Red Chair Highland Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
56 
3,172 
Current assets
Debtors
495 
4,585 
Cash at bank and in hand
14,681 
12,910 
15,176 
17,495 
Creditors: amounts falling due within one year
(1,861)
(1,362)
Net current assets
13,315 
16,133 
Net assets
13,371 
19,305 
Reserves
Profit and loss account
13,371 
19,305 
Members' funds
13,371 
19,305 
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by
Kirsty Adam Director Company Registration No. SC427961
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Red Chair Highland Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Red Chair Highland Ltd is a private company, limited by guarantee, registered in Scotland, registration number SC427961. The registered office is 58 DENNY STREET, INVERNESS, IV2 3AR.
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.
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:
Fixtures & fittings
3 year Straight Line
Computer equipment
3 year Straight Line
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
926 
16,028 
16,954 
At 31 July 2024
926 
16,028 
16,954 
Depreciation
At 1 August 2023
296 
13,486 
13,782 
Charge for the year
574 
2,542 
3,116 
At 31 July 2024
870 
16,028 
16,898 
Net book value
At 31 July 2024
56 
- 
56 
At 31 July 2023
630 
2,542 
3,172 
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Red Chair Highland Ltd Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
2,457 
Accrued income and prepayments
495 
- 
Other debtors
- 
2,128 
495 
4,585 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,401 
767 
Accruals
460 
595 
1,861 
1,362 
7
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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