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REGISTERED NUMBER: 02939712 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

REDWOOD CONSULTING LTD

REDWOOD CONSULTING LTD (REGISTERED NUMBER: 02939712)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


REDWOOD CONSULTING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs D J Cracknell
Mrs K E Bourne





REGISTERED OFFICE: 49 Greencoat Place
London
SW1P 1DS





REGISTERED NUMBER: 02939712 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

REDWOOD CONSULTING LTD (REGISTERED NUMBER: 02939712)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 865 1,153
Tangible assets 5 21,825 24,870
22,690 26,023

CURRENT ASSETS
Debtors 6 346,699 700,186
Cash at bank 108,406 775,365
455,105 1,475,551
CREDITORS
Amounts falling due within one year 7 263,193 251,952
NET CURRENT ASSETS 191,912 1,223,599
TOTAL ASSETS LESS CURRENT LIABILITIES 214,602 1,249,622

PROVISIONS FOR LIABILITIES 6,043 6,043
NET ASSETS 208,559 1,243,579

CAPITAL AND RESERVES
Called up share capital 1,002 1,002
Retained earnings 207,557 1,242,577
SHAREHOLDERS' FUNDS 208,559 1,243,579

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

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 8 October 2024 and were signed on its behalf by:





Mrs K E Bourne - Director


REDWOOD CONSULTING LTD (REGISTERED NUMBER: 02939712)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Redwood Consulting 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 represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Intangible fixed assets
Amortisation is provided at 25% of cost in order to write off the website development over its estimated useful life.

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

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.

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 15 (2023 - 23 ) .

REDWOOD CONSULTING LTD (REGISTERED NUMBER: 02939712)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. INTANGIBLE FIXED ASSETS
Website
devel
Goodwill costs Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 60,000 10,355 70,355
AMORTISATION
At 1 July 2023 59,999 9,203 69,202
Amortisation for year - 288 288
At 30 June 2024 59,999 9,491 69,490
NET BOOK VALUE
At 30 June 2024 1 864 865
At 30 June 2023 1 1,152 1,153

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023 241,395
Additions 5,553
Disposals (137,009 )
At 30 June 2024 109,939
DEPRECIATION
At 1 July 2023 216,525
Charge for year 6,655
Eliminated on disposal (135,066 )
At 30 June 2024 88,114
NET BOOK VALUE
At 30 June 2024 21,825
At 30 June 2023 24,870

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 217,712 246,277
Other debtors & prepayments 28,474 39,743
Directors' loan accounts - 269,885
Tax 87,713 87,713
Accrued Income 12,800 56,568
346,699 700,186

REDWOOD CONSULTING LTD (REGISTERED NUMBER: 02939712)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 15,847 62,854
Tax 35,610 49,525
Social security and other taxes 29,922 36,201
VAT 61,286 76,928
Other creditors & accruals 19,899 -
Directors' loan accounts 40,000 -
Accrued expenses 60,629 26,444
263,193 251,952

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mrs E D'Oliveira
Balance outstanding at start of year 141,108 141,108
Amounts repaid (141,108 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 141,108

Mrs L Close
Balance outstanding at start of year 128,777 128,777
Amounts repaid (128,777 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 128,777

During the year, Mrs K E Bourne introduced a loan to the company. As at 30 June 2024, the company owed her £40,000. This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Longbeach Pepoulie Limited.

This was by virtue of their 100% holding of the issued share capital.