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REGISTERED NUMBER: 13221544 (England and Wales)







Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Redink Construction Limited

Redink Construction Limited (Registered number: 13221544)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Redink Construction Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: A C Tryfonos





REGISTERED OFFICE: Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST





REGISTERED NUMBER: 13221544 (England and Wales)





ACCOUNTANTS: Stanley Joseph Limited
Chartered Accountants
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST

Redink Construction Limited (Registered number: 13221544)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,227 18,638

CURRENT ASSETS
Stocks 2,475,400 805,496
Debtors 5 212,821 29,814
Cash at bank 20,753 142,747
2,708,974 978,057
CREDITORS
Amounts falling due within one year 6 2,807,772 1,037,641
NET CURRENT LIABILITIES (98,798 ) (59,584 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(83,571

)

(40,946

)

PROVISIONS FOR LIABILITIES 3,807 -
NET LIABILITIES (87,378 ) (40,946 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 (87,478 ) (41,046 )
SHAREHOLDERS' FUNDS (87,378 ) (40,946 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Redink Construction Limited (Registered number: 13221544)

Balance Sheet - continued
29 February 2024


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 director and authorised for issue on 17 September 2024 and were signed by:





A C Tryfonos - Director


Redink Construction Limited (Registered number: 13221544)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Redink Construction Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Redink Construction Limited (Registered number: 13221544)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 28,271
Additions 1,665
At 29 February 2024 29,936
DEPRECIATION
At 1 March 2023 9,633
Charge for year 5,076
At 29 February 2024 14,709
NET BOOK VALUE
At 29 February 2024 15,227
At 28 February 2023 18,638

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 212,821 29,814

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Payments on account 2,634,340 950,000
Trade creditors 76,514 6,489
Taxation and social security 8,259 2,393
Other creditors 88,659 78,759
2,807,772 1,037,641

Redink Construction Limited (Registered number: 13221544)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary share capital 1 100 100

8. RESERVES
Retained
earnings
£   

At 1 March 2023 (41,046 )
Deficit for the year (46,432 )
At 29 February 2024 (87,478 )

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Mr A Tryfonos
Director20242023

Dividends--

Capital introduced/(Withdrawn)7,822(15,197)

At the year end, the company owed the director £73,495 (2023 - £65,673).

10. ULTIMATE CONTROLLING PARTY

The controlling party is A C Tryfonos.