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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
Page
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REDSTAR TRADING LIMITED Company Information for the year ended 31 August 2023
Director
Naresh Patel
Secretary
Pratima Patel
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
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REDSTAR TRADING LIMITED Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,365 
31,758 
Current assets
Inventories
38,000 
38,600 
Debtors
382,372 
808,362 
Cash at bank and in hand
43,247 
12,046 
463,619 
859,008 
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)
Capital and reserves
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
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REDSTAR TRADING LIMITED Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
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.
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.
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 
Depreciation
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 
Net book value
At 31 August 2023
5,009 
22,356 
27,365 
At 31 August 2022
5,566 
26,192 
31,758 
5
Inventories
2023 
2022 
£ 
£ 
Work in progress
38,000 
38,600 
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.
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REDSTAR TRADING LIMITED Notes to the Accounts for the year ended 31 August 2023
6
Debtors
2023 
2022 
£ 
£ 
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 
£ 
£ 
VAT
4,181 
- 
Trade creditors
38,153 
86,673 
Taxes and social security
19,653 
- 
Other creditors
- 
820,417 
Accruals
9,720 
8,220 
71,707 
915,310 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
468,001 
42,559 
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).
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