Registered number: SC383349 | ||||||||
FOR THE YEAR ENDED 31/07/2024 | ||||||||
Code Red Safety Solutions Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/07/2024 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in SC - Scotland, registered number SC383349 | ||||||||
Code Red Safety Solutions Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/07/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Code Red Safety Solutions Ltd | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 3 | |||||||||
Tangible assets | 4 | |||||||||
Investment Assets | 5 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 7 | |||||||||
Cash at bank and in hand | ||||||||||
42,571 | 72,960 | |||||||||
CREDITORS: Amounts falling due within one year | 8 | |||||||||
NET CURRENT ASSETS | 36,666 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 9 | 8,261 | 15,424 | |||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 10 | |||||||||
Profit and loss account | 231,869 | 226,271 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Code Red Safety Solutions Ltd | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/07/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Commercial Vehicles | reducing balance 25% | |||||||
Fixtures and Fittings | reducing balance 15% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1e. Goodwill | ||||||||
1f. Investments | ||||||||
Fixed asset investments are shown at cost less amounts written off. | ||||||||
Provisions are made for permanent fluctuations in value. |
Code Red Safety Solutions Ltd | ||||||||
2. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 2 | |||||
3. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 01/08/2023 | 12,500 | 12,500 | ||
At 31/07/2024 | 12,500 | 12,500 | ||
Depreciation | ||||
At 31/07/2024 | - | - | ||
Net Book Amounts | ||||
At 31/07/2024 | ||||
At 31/07/2023 | ||||
4. TANGIBLE FIXED ASSETS | ||||||||||
Land And | Long Leasehold | Commercial | Fixtures | |||||||
Buildings | Properties | Vehicles | and Fittings | Total | ||||||
£ | £ | £ | £ | £ | ||||||
Cost | ||||||||||
At 01/08/2023 | 23,758 | 15,993 | 53,685 | 1,009 | 94,445 | |||||
Additions | 16,600 | - | - | - | 16,600 | |||||
At 31/07/2024 | 40,358 | 15,993 | 53,685 | 1,009 | 111,045 | |||||
Depreciation | ||||||||||
At 01/08/2023 | - | - | 27,688 | 809 | 28,497 | |||||
For the year | - | - | 4,679 | 36 | 4,715 | |||||
At 31/07/2024 | - | - | 32,367 | 845 | 33,212 | |||||
Net Book Amounts | ||||||||||
At 31/07/2024 | 15,993 | 77,833 | ||||||||
At 31/07/2023 | 15,993 | 65,948 | ||||||||
Code Red Safety Solutions Ltd | ||||||||
5. FINANCIAL ASSETS | |||||||||
Other | |||||||||
Investments | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 01/08/2023 | 126,583 | 126,583 | |||||||
At 31/07/2024 | 126,583 | 126,583 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 31/07/2024 | 126,583 | 126,583 | |||||||
At 31/07/2023 | 126,583 | 126,583 | |||||||
6. STOCK | 2024 | 2023 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
7. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 7,558 | 21,527 | ||||||
VAT | 2,223 | - | ||||||
9,781 | 21,527 | |||||||
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 5,911 | 16,380 | ||||||
VAT | - | 6,223 | ||||||
CBIL Bank Loan < 1 year | 7,000 | 7,860 | ||||||
Directors Loans | 3,550 | 3,550 | ||||||
Other Creditors | 886 | 318 | ||||||
Trade creditors | 2,008 | 1,963 | ||||||
19,355 | 36,294 | |||||||
Code Red Safety Solutions Ltd | ||||||||
9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 8,261 | 15,424 | ||||||
8,261 | 15,424 | |||||||
10. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
2 | 2 | |||||||
2 | 2 | |||||||