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Company Registration No. 03968463 (England and Wales)
Red Rose Accountancy Services Ltd Unaudited accounts for the year ended 31 March 2024
Red Rose Accountancy Services Ltd Unaudited accounts Contents
Page
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Red Rose Accountancy Services Ltd Company Information for the year ended 31 March 2024
Director
Mr A Dawson
Company Number
03968463 (England and Wales)
Registered Office
Arran Yew Tree Road Grange Over Sands CUMBRIA LA11 7AA United Kingdom
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Red Rose Accountancy Services Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,648 
19,692 
Current assets
Debtors
340 
- 
Cash at bank and in hand
6,723 
11,526 
7,063 
11,526 
Creditors: amounts falling due within one year
(10,316)
(26,054)
Net current liabilities
(3,253)
(14,528)
Net assets
1,395 
5,164 
Capital and reserves
Called up share capital
300 
300 
Profit and loss account
1,095 
4,864 
Shareholders' funds
1,395 
5,164 
For the year ending 31 March 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 12 September 2024 and were signed on its behalf by
Mr A Dawson Director Company Registration No. 03968463
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Red Rose Accountancy Services Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Red Rose Accountancy Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 03968463. The registered office is Arran, Yew Tree Road, Grange Over Sands, CUMBRIA, LA11 7AA, United Kingdom.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
25% on the reducing balance basis
Fixtures & fittings
25% on the reducing balance basis
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Red Rose Accountancy Services Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
18,999 
16,225 
35,224 
Additions
- 
1,705 
1,705 
Disposals
(18,999)
- 
(18,999)
At 31 March 2024
- 
17,930 
17,930 
Depreciation
At 1 April 2023
3,800 
11,732 
15,532 
Charge for the year
- 
1,550 
1,550 
On disposals
(3,800)
- 
(3,800)
At 31 March 2024
- 
13,282 
13,282 
Net book value
At 31 March 2024
- 
4,648 
4,648 
At 31 March 2023
15,199 
4,493 
19,692 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
340 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,637 
1,599 
Taxes and social security
472 
456 
Loans from directors
8,207 
23,999 
10,316 
26,054 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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