Company Registration No. 02710067 (England and Wales)
REDSTAR TRADING LIMITED
Unaudited accounts
for the year ended 31 August 2023
REDSTAR TRADING LIMITED
Unaudited accounts
Contents
REDSTAR TRADING LIMITED
Company Information
for the year ended 31 August 2023
Company Number
02710067 (England and Wales)
Registered Office
3RD FLOOR VYMAN HOUSE
104 COLLEGE ROAD
HARROW
MIDDLESEX
HA1 1BQ
Accountants
RMR Partnership LLP
3rd Floor, Vyman House
104 College Road
Harrow
Middlesex
HA1 1BQ
REDSTAR TRADING LIMITED
Statement of financial position
as at 31 August 2023
Tangible assets
27,365
31,758
Cash at bank and in hand
43,247
12,046
Creditors: amounts falling due within one year
(71,707)
(915,310)
Net current assets/(liabilities)
391,912
(56,302)
Total assets less current liabilities
419,277
(24,544)
Creditors: amounts falling due after more than one year
(468,001)
(42,559)
Net liabilities
(48,724)
(67,103)
Called up share capital
2
2
Profit and loss account
(48,726)
(67,105)
Shareholders' funds
(48,724)
(67,103)
For the year ending 31 August 2023 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 30 August 2024 and were signed on its behalf by
Naresh Patel
Director
Company Registration No. 02710067
REDSTAR TRADING LIMITED
Notes to the Accounts
for the year ended 31 August 2023
REDSTAR TRADING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02710067. The registered office is 3RD FLOOR VYMAN HOUSE, 104 COLLEGE ROAD, HARROW, MIDDLESEX, HA1 1BQ.
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.
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:
Land & buildings
10% Reducing balance
Fixtures & fittings
15% Reducing balance
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 September 2022
7,635
42,490
50,125
At 31 August 2023
7,635
42,490
50,125
At 1 September 2022
2,069
16,298
18,367
Charge for the year
557
3,836
4,393
At 31 August 2023
2,626
20,134
22,760
At 31 August 2023
5,009
22,356
27,365
At 31 August 2022
5,566
26,192
31,758
Work in progress
38,000
38,600
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
REDSTAR TRADING LIMITED
Notes to the Accounts
for the year ended 31 August 2023
Amounts falling due within one year
Other debtors
376,793
325,118
Amounts falling due after more than one year
Trade debtors
5,579
483,244
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
38,153
86,673
Taxes and social security
19,653
-
8
Creditors: amounts falling due after more than one year
2023
2022
9
Transactions with related parties
The company was under the control of Mr Naresh Patel throughout the current and previous year. Mr Naresh Patel is the managing director.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).