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REGISTERED NUMBER: 05645697 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Redcare Logistics Limited

Redcare Logistics Limited (Registered number: 05645697)






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


Redcare Logistics Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: K Pitts





SECRETARY: K D Whyle





REGISTERED OFFICE: Polymer Court
Hope Street
Dudley
West Midlands
DY2 8RS





REGISTERED NUMBER: 05645697 (England and Wales)





ACCOUNTANTS: Pride Accountants
Polymer Court
Hope Street
Dudley
West Midlands
DY2 8RS

Redcare Logistics Limited (Registered number: 05645697)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 128,177 154,296

CURRENT ASSETS
Debtors 5 141,769 173,777
Cash at bank 95,842 88,336
237,611 262,113
CREDITORS
Amounts falling due within one year 6 249,778 268,201
NET CURRENT LIABILITIES (12,167 ) (6,088 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,010

148,208

CREDITORS
Amounts falling due after more than one
year

7

(82,246

)

(105,596

)

PROVISIONS FOR LIABILITIES 9 (21,033 ) (21,816 )
NET ASSETS 12,731 20,796

CAPITAL AND RESERVES
Called up share capital 10 104 104
Retained earnings 12,627 20,692
SHAREHOLDERS' FUNDS 12,731 20,796

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.

Redcare Logistics Limited (Registered number: 05645697)

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 30 September 2024 and were signed by:





K Pitts - Director


Redcare Logistics Limited (Registered number: 05645697)

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

1. STATUTORY INFORMATION

Redcare Logistics 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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Redcare Logistics Limited (Registered number: 05645697)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 54,566 315,233 1,588 371,387
Additions 1,484 71,350 - 72,834
Disposals - (141,229 ) - (141,229 )
At 31 December 2023 56,050 245,354 1,588 302,992
DEPRECIATION
At 1 January 2023 38,456 178,105 530 217,091
Charge for year 4,403 38,096 353 42,852
Eliminated on disposal - (85,128 ) - (85,128 )
At 31 December 2023 42,859 131,073 883 174,815
NET BOOK VALUE
At 31 December 2023 13,191 114,281 705 128,177
At 31 December 2022 16,110 137,128 1,058 154,296

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 64,579 102,867
Other debtors 77,190 70,910
141,769 173,777

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 9,900 9,900
Hire purchase contracts (see note 8) 40,669 37,953
Trade creditors 167,491 189,838
Taxation and social security 27,837 26,329
Other creditors 3,881 4,181
249,778 268,201

Redcare Logistics Limited (Registered number: 05645697)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 18,243 25,375
Hire purchase contracts (see note 8) 64,003 80,221
82,246 105,596

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.23 31.12.22
£    £   
Gross obligations repayable:
Within one year 46,591 42,742
Between one and five years 73,393 91,485
119,984 134,227

Finance charges repayable:
Within one year 5,922 4,789
Between one and five years 9,390 11,264
15,312 16,053

Net obligations repayable:
Within one year 40,669 37,953
Between one and five years 64,003 80,221
104,672 118,174

Non-cancellable operating leases
31.12.23 31.12.22
£    £   
Within one year 20,000 -
Between one and five years 31,666 -
51,666 -

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 21,033 21,816

Redcare Logistics Limited (Registered number: 05645697)

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

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 21,816
Provided during year (783 )
Balance at 31 December 2023 21,033

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100
4 Non Voting Shares £1 4 4
104 104

11. RELATED PARTY DISCLOSURES

Debtors (including non interest bearing loans) as at 31st December 2023 include due from Redcare Logistics (LGW) Limited £63,000 (2022 - £65,000).

Creditors (including non interest bearing loans) as at 31st December 2023 include due to Redcare Logistics (LGW) Limited £118,238 (2022 - £122,391).

Redcare Logistics Limited and Redcare Logistics (LGW) Limited share common directors and shareholders.

12. ULTIMATE CONTROLLING PARTY

The controlling party is K Pitts.