IRIS Accounts Production v24.1.0.578 07094153 director 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh070941532022-12-31070941532023-12-31070941532023-01-012023-12-31070941532021-12-31070941532022-01-012022-12-31070941532022-12-3107094153ns15:EnglandWales2023-01-012023-12-3107094153ns14:PoundSterling2023-01-012023-12-3107094153ns10:Director12023-01-012023-12-3107094153ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107094153ns10:SmallEntities2023-01-012023-12-3107094153ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3107094153ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3107094153ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107094153ns10:FullAccounts2023-01-012023-12-310709415312023-01-012023-12-3107094153ns10:CompanySecretary12023-01-012023-12-3107094153ns10:RegisteredOffice2023-01-012023-12-3107094153ns5:CurrentFinancialInstruments2023-12-3107094153ns5:CurrentFinancialInstruments2022-12-3107094153ns5:Non-currentFinancialInstruments2023-12-3107094153ns5:Non-currentFinancialInstruments2022-12-3107094153ns5:ShareCapital2023-12-3107094153ns5:ShareCapital2022-12-3107094153ns5:RetainedEarningsAccumulatedLosses2023-12-3107094153ns5:RetainedEarningsAccumulatedLosses2022-12-3107094153ns5:NetGoodwill2023-01-012023-12-3107094153ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3107094153ns5:PlantMachinery2023-01-012023-12-3107094153ns5:NetGoodwill2022-12-3107094153ns5:NetGoodwill2023-12-3107094153ns5:NetGoodwill2022-12-3107094153ns5:LandBuildings2022-12-3107094153ns5:PlantMachinery2022-12-3107094153ns5:LandBuildings2023-01-012023-12-3107094153ns5:LandBuildings2023-12-3107094153ns5:PlantMachinery2023-12-3107094153ns5:LandBuildings2022-12-3107094153ns5:PlantMachinery2022-12-3107094153ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3107094153ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 07094153 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Red Room Interiors Ltd

Red Room Interiors Ltd (Registered number: 07094153)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Red Room Interiors Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr A Clifford





SECRETARY:





REGISTERED OFFICE: 416 Bolton Road West
Ramsbottom
Bury
Lancashire
BL0 9RY





REGISTERED NUMBER: 07094153 (England and Wales)





ACCOUNTANTS: Stephen Round Limited
Chartered Certified Accountants
366 Holcombe Road
Greenmount
Bury
Lancashire
BL8 4DT

Red Room Interiors Ltd (Registered number: 07094153)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 48,000 48,000
Tangible assets 5 346,918 359,713
394,918 407,713

CURRENT ASSETS
Stocks 2,375 34,850
Debtors 6 - 52,560
Cash at bank and in hand (20 ) 35,224
2,355 122,634
CREDITORS
Amounts falling due within one year 7 311,727 316,545
NET CURRENT LIABILITIES (309,372 ) (193,911 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,546

213,802

CREDITORS
Amounts falling due after more than one
year

8

-

152,683
NET ASSETS 85,546 61,119

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings 55,546 31,119
SHAREHOLDERS' FUNDS 85,546 61,119

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Red Room Interiors Ltd (Registered number: 07094153)

Balance Sheet - continued
31 December 2023


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 19 September 2024 and were signed by:





Mr A Clifford - Director


Red Room Interiors Ltd (Registered number: 07094153)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Red Room Interiors Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Red Room Interiors Ltd (Registered number: 07094153)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 48,000
NET BOOK VALUE
At 31 December 2023 48,000
At 31 December 2022 48,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 300,000 140,586 440,586
DEPRECIATION
At 1 January 2023 - 80,873 80,873
Charge for year - 12,795 12,795
At 31 December 2023 - 93,668 93,668
NET BOOK VALUE
At 31 December 2023 300,000 46,918 346,918
At 31 December 2022 300,000 59,713 359,713

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors - 52,560

Red Room Interiors Ltd (Registered number: 07094153)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 164,556 57,899
Hire purchase contracts 3,387 8,154
Trade creditors 32,384 175,247
Taxation and social security 14,199 64,023
Other creditors 97,201 11,222
311,727 316,545

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 152,683