3 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 11,967 11,967 1,745 1,745 10,222 xbrli:pure xbrli:shares iso4217:GBP 04257664 2023-01-01 2023-12-31 04257664 2023-12-31 04257664 2022-12-31 04257664 2022-01-01 2022-12-31 04257664 2022-12-31 04257664 2021-12-31 04257664 core:PatentsTrademarksLicencesConcessionsSimilar 2023-01-01 2023-12-31 04257664 core:FurnitureFittings 2023-01-01 2023-12-31 04257664 core:MotorVehicles 2023-01-01 2023-12-31 04257664 bus:Director1 2023-01-01 2023-12-31 04257664 core:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 04257664 core:FurnitureFittings 2022-12-31 04257664 core:FurnitureFittings 2023-12-31 04257664 core:MotorVehicles 2023-12-31 04257664 core:WithinOneYear 2023-12-31 04257664 core:WithinOneYear 2022-12-31 04257664 core:AfterOneYear 2023-12-31 04257664 core:AfterOneYear 2022-12-31 04257664 core:ShareCapital 2023-12-31 04257664 core:ShareCapital 2022-12-31 04257664 core:RetainedEarningsAccumulatedLosses 2023-12-31 04257664 core:RetainedEarningsAccumulatedLosses 2022-12-31 04257664 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 04257664 core:Non-currentFinancialInstruments 2023-12-31 04257664 core:Non-currentFinancialInstruments 2022-12-31 04257664 core:FurnitureFittings 2022-12-31 04257664 bus:SmallEntities 2023-01-01 2023-12-31 04257664 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04257664 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04257664 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04257664 bus:FullAccounts 2023-01-01 2023-12-31 04257664 core:OfficeEquipment 2023-01-01 2023-12-31 04257664 core:OfficeEquipment 2022-12-31 04257664 core:OfficeEquipment 2023-12-31
COMPANY REGISTRATION NUMBER: 04257664
Red Alert Services Limited
Filleted Unaudited Financial Statements
For the year ended
31 December 2023
Red Alert Services Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Intangible assets
5
10,222
Tangible assets
6
121,566
17,311
Investments
7
1,480,033
1,480,033
------------
------------
1,611,821
1,497,344
Current assets
Debtors
8
627,293
292,467
Cash at bank and in hand
100,483
218,595
---------
---------
727,776
511,062
Creditors: amounts falling due within one year
9
205,913
185,296
---------
---------
Net current assets
521,863
325,766
------------
------------
Total assets less current liabilities
2,133,684
1,823,110
Creditors: amounts falling due after more than one year
10
919,487
819,437
Provisions
Taxation including deferred tax
83
( 2,391)
------------
------------
Net assets
1,214,114
1,006,064
------------
------------
Red Alert Services Limited
Statement of Financial Position (continued)
31 December 2023
2023
2022
Note
£
£
£
Capital and reserves
Called up share capital
2
2
Profit and loss account
1,214,112
1,006,062
------------
------------
Shareholders funds
1,214,114
1,006,064
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 5 September 2024 , and are signed on behalf of the board by:
D Pegram
Director
Company registration number: 04257664
Red Alert Services Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hub 37, Gordon Road, West Bridgeford, Nottingham, NG2 5LQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as disclosed in the accounting policies and notes to the financial statements. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as disclosed in the accounting policies and notes to the financial statements. 1 Value of Investment Property The value of the investment properties are periodically reviewed and included within the financial statements at their fair value at each reporting date.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Number plate
-
25% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
33% straight line
Investments
Properties which are held for their rental income and or capital appreciation rather than for the provision of services or for administrative purposes are included within the financial statements at their fair value at each reporting date with changes in fair value being recognised in profit or loss.
Other fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 2 ).
5. Intangible assets
Number plate
£
Cost
Additions
11,967
--------
At 31 December 2023
11,967
--------
Amortisation
Charge for the year
1,745
--------
At 31 December 2023
1,745
--------
Carrying amount
At 31 December 2023
10,222
--------
At 31 December 2022
--------
6. Tangible assets
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 January 2023
18,928
13,459
32,387
Additions
6,229
111,410
117,639
--------
---------
--------
---------
At 31 December 2023
25,157
111,410
13,459
150,026
--------
---------
--------
---------
Depreciation
At 1 January 2023
4,807
10,269
15,076
Charge for the year
4,447
6,962
1,975
13,384
--------
---------
--------
---------
At 31 December 2023
9,254
6,962
12,244
28,460
--------
---------
--------
---------
Carrying amount
At 31 December 2023
15,903
104,448
1,215
121,566
--------
---------
--------
---------
At 31 December 2022
14,121
3,190
17,311
--------
---------
--------
---------
7. Investments
Shares in participating interests
Investment property
Total
£
£
£
Cost
At 1 January 2023 and 31 December 2023
33
1,480,000
1,480,033
----
------------
------------
Impairment
At 1 January 2023 and 31 December 2023
----
------------
------------
Carrying amount
At 31 December 2023
33
1,480,000
1,480,033
----
------------
------------
At 31 December 2022
33
1,480,000
1,480,033
----
------------
------------
8. Debtors
2023
2022
£
£
Trade debtors
821
4,240
Amounts owed by group undertakings and undertakings in which the company has a participating interest
62,050
56,700
Other debtors
564,422
231,527
---------
---------
627,293
292,467
---------
---------
9. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
36,593
88,823
Trade creditors
586
759
Amounts owed to group undertakings and undertakings in which the company has a participating interest
4,000
Social security and other taxes
97,915
72,994
Other creditors
70,819
18,720
---------
---------
205,913
185,296
---------
---------
Bank loans and overdraft are secured against the assets to which they relate. Hire purchase liabilities are secured against the assets to which they relate.
10. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
837,213
819,437
Other creditors
82,274
---------
---------
919,487
819,437
---------
---------
Bank loans and overdraft are secured against the assets to which they relate. Hire purchase liabilities are secured against the assets to which they relate.
11. Directors' advances, credits and guarantees
The director operated a loan account with the company. At the year end amounts of £209,037 were owed to the company (2022: £2,523). This was repaid in full after the year end. No interest was charged and this is repayable on demand.
12. Controlling party
The company is a wholly owned subsidiary of Red Alert (2015) Limited , a company incorporated in England and Wales.