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Company Registration No. 14158003 (England and Wales)
Redcone Recruitment Ltd Unaudited accounts for the year ended 30 June 2024
Redcone Recruitment Ltd Unaudited accounts Contents
Page
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Redcone Recruitment Ltd Company Information for the year ended 30 June 2024
Directors
Matthew Luke Charles Beech Christopher Evans
Company Number
14158003 (England and Wales)
Registered Office
58 CREIGHTON AVENUE ST. ALBANS AL1 2LH ENGLAND
Accountants
AC Counts & Services Ltd Office 42 Imex Business Centre, Oxleasow Road Redditch Worcestershire B98 0RE
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Redcone Recruitment Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
129,357 
7,923 
Current assets
Debtors
168,209 
21,954 
Cash at bank and in hand
16,411 
38,688 
184,620 
60,642 
Creditors: amounts falling due within one year
(99,659)
(37,821)
Net current assets
84,961 
22,821 
Total assets less current liabilities
214,318 
30,744 
Creditors: amounts falling due after more than one year
(98,312)
- 
Net assets
116,006 
30,744 
Capital and reserves
Called up share capital
500 
500 
Profit and loss account
115,506 
30,244 
Shareholders' funds
116,006 
30,744 
For the year ending 30 June 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 12 September 2024 and were signed on its behalf by
Matthew Luke Charles Beech Director Company Registration No. 14158003
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Redcone Recruitment Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Redcone Recruitment Ltd is a private company, limited by shares, registered in England and Wales, registration number 14158003. The registered office is 58 CREIGHTON AVENUE, ST. ALBANS, AL1 2LH, ENGLAND.
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 remained unchanged from the previous year, and also 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
20% Straight Line Method
Motor vehicles
20% Reducing Balance Method
Computer equipment
25% Straight Line Method
Going concern
The financial statements have been prepared on a going concern basis. This assumes the continued support of the directors. The directors have indicated their support will continue for the foreseeable future.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Redcone Recruitment Ltd Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
- 
9,250 
698 
9,948 
Additions
152,386 
- 
2,067 
154,453 
At 30 June 2024
152,386 
9,250 
2,765 
164,401 
Depreciation
At 1 July 2023
- 
1,850 
175 
2,025 
Charge for the year
32,327 
- 
692 
33,019 
At 30 June 2024
32,327 
1,850 
867 
35,044 
Net book value
At 30 June 2024
120,059 
7,400 
1,898 
129,357 
At 30 June 2023
- 
7,400 
523 
7,923 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
139,549 
19,454 
Other debtors
28,160 
- 
167,709 
19,454 
Amounts falling due after more than one year
Accrued income and prepayments
- 
2,000 
Other debtors
500 
500 
500 
2,500 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
34,613 
24,625 
Trade creditors
16,910 
1,882 
Taxes and social security
46,582 
6,147 
Loans from directors
1,554 
5,167 
99,659 
37,821 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
98,312 
- 
8
Average number of employees
During the year the average number of employees was 1 (2023: 0).
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