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Company Registration No. 14858497 (England and Wales)
RED DIVIDE LIMITED Unaudited accounts for the period from 10 May 2023 to 31 May 2024
RED DIVIDE LIMITED Unaudited accounts Contents
Page
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RED DIVIDE LIMITED Company Information for the period from 10 May 2023 to 31 May 2024
Directors
A J Cornish D Jones
Company Number
14858497 (England and Wales)
Registered Office
203 West Street Fareham Hampshire PO16 0EN United Kingdom
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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RED DIVIDE LIMITED Accountants' report
Accountants' report to the board of directors of RED DIVIDE LIMITED on the preparation of the unaudited statutory accounts for the period from 10 May 2023 to 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of RED DIVIDE LIMITED for the period from 10 May 2023 to 31 May 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of RED DIVIDE LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of RED DIVIDE LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RED DIVIDE LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that RED DIVIDE LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of RED DIVIDE LIMITED. You consider that RED DIVIDE LIMITED is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of RED DIVIDE LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 31 July 2024
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RED DIVIDE LIMITED Statement of financial position as at 31 May 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
477 
Current assets
Inventories
2,079 
Debtors
7,348 
Cash at bank and in hand
373 
9,800 
Creditors: amounts falling due within one year
(30,162)
Net current liabilities
(20,362)
Net liabilities
(19,885)
Capital and reserves
Called up share capital
1 
Profit and loss account
(19,886)
Shareholders' funds
(19,885)
For the period ending 31 May 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 31 July 0204 and were signed on its behalf by
D Jones Director Company Registration No. 14858497
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RED DIVIDE LIMITED Notes to the Accounts for the period from 10 May 2023 to 31 May 2024
1
Statutory information
RED DIVIDE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14858497. The registered office is 203 West Street, Fareham, Hampshire, PO16 0EN, 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 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
20% Reducing balance method
Computer equipment
25% Reducing balance method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 10 May 2023
- 
- 
- 
Additions
290 
228 
518 
At 31 May 2024
290 
228 
518 
Depreciation
Charge for the period
2 
39 
41 
At 31 May 2024
2 
39 
41 
Net book value
At 31 May 2024
288 
189 
477 
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RED DIVIDE LIMITED Notes to the Accounts for the period from 10 May 2023 to 31 May 2024
5
Debtors
2024 
£ 
Amounts falling due within one year
VAT
2,282 
Trade debtors
4,631 
Amounts due from group undertakings etc.
435 
7,348 
6
Creditors: amounts falling due within one year
2024 
£ 
Bank loans and overdrafts
5,930 
Trade creditors
804 
Other creditors
21,252 
Loans from directors
1,807 
Accruals
369 
30,162 
7
Share capital
2024 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
A J Cornish
Direcctor Loan Account
- 
(8,073)
(7,170)
(903)
D Jones
Direcctor Loan Account
- 
(8,073)
(7,169)
(904)
- 
(16,146)
(14,339)
(1,807)
9
Average number of employees
During the period the average number of employees was 0.
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