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REGISTERED NUMBER: 03474099 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

RED ROSE TRAINING (BOLTON) LIMITED

RED ROSE TRAINING (BOLTON) LIMITED (REGISTERED NUMBER: 03474099)






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 ROSE TRAINING (BOLTON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs K M Booth
S Stansfield



SECRETARY: S Tyson



REGISTERED OFFICE: Europa Way
Stoneclough
Kearsley
Manchester
M26 1GG



REGISTERED NUMBER: 03474099 (England and Wales)



ACCOUNTANTS: P B Syddall & Co
Chartered Accountants
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ



BANKERS: HSBC Bank plc
25 Deansgate
Bolton
Lancashire
BL1 1HG

RED ROSE TRAINING (BOLTON) LIMITED (REGISTERED NUMBER: 03474099)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 514,396 598,845

CURRENT ASSETS
Debtors 6 78,813 74,348
Cash at bank and in hand 666,654 529,156
745,467 603,504
CREDITORS
Amounts falling due within one year 7 199,595 200,781
NET CURRENT ASSETS 545,872 402,723
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,060,268

1,001,568

CREDITORS
Amounts falling due after more than one
year

8

-

(24,008

)

PROVISIONS FOR LIABILITIES (46,983 ) (53,999 )
NET ASSETS 1,013,285 923,561

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,013,185 923,461
SHAREHOLDERS' FUNDS 1,013,285 923,561

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 directors acknowledge their 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 ROSE TRAINING (BOLTON) LIMITED (REGISTERED NUMBER: 03474099)

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 Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:




Mrs K M Booth - Director



S Stansfield - Director


RED ROSE TRAINING (BOLTON) LIMITED (REGISTERED NUMBER: 03474099)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Red Rose Training (Bolton) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

RED ROSE TRAINING (BOLTON) LIMITED (REGISTERED NUMBER: 03474099)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 21 ) .

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2023 314,638 22,970 590,782 928,390
Additions - 6,500 8,900 15,400
Disposals - (7,095 ) (100,200 ) (107,295 )
At 31 December 2023 314,638 22,375 499,482 836,495
DEPRECIATION
At 1 January 2023 - 21,535 308,010 329,545
Charge for year - 937 71,563 72,500
Eliminated on disposal - (6,848 ) (73,098 ) (79,946 )
At 31 December 2023 - 15,624 306,475 322,099
NET BOOK VALUE
At 31 December 2023 314,638 6,751 193,007 514,396
At 31 December 2022 314,638 1,435 282,772 598,845

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023 145,500
Transfer to ownership (145,500 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 90,511
Transfer to ownership (90,511 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 54,989

RED ROSE TRAINING (BOLTON) LIMITED (REGISTERED NUMBER: 03474099)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 41,337 37,091
Directors current account 24,526 24,789
Tax 6,230 6,230
Prepayments 6,720 6,238
78,813 74,348

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 16,551 31,120
Hire purchase contracts - 26,190
Trade creditors 14,885 25,589
Tax 56,519 24,238
Social security and other taxes 16,724 17,763
VAT 32,823 37,332
Proposed dividends 11,250 -
Other creditors - 35,000
Accruals and deferred income 50,843 3,549
199,595 200,781

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts - 24,008

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
90 Ordinary £1 90 90
10 Ordinary A Shares £1 10 10
100 100

RED ROSE TRAINING (BOLTON) LIMITED (REGISTERED NUMBER: 03474099)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mrs K M Booth
Balance outstanding at start of year 24,789 24,920
Amounts repaid (263 ) (131 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,526 24,789

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs K M Booth.