1 February 2023 false No description of principal activity Taxfiler 2024.5 8401291business:PrivateLimitedCompanyLtd2023-02-012024-01-31 84012912023-01-31 84012912023-02-012024-01-31 8401291business:AuditExemptWithAccountantsReport2023-02-012024-01-31 8401291business:FilletedAccounts2023-02-012024-01-31 84012912024-01-31 8401291business:Director12023-02-012024-01-31 8401291business:RegisteredOffice2023-02-012024-01-31 84012912023-01-31 8401291core:WithinOneYear2024-01-31 8401291core:WithinOneYear2023-01-31 8401291core:AfterOneYear2024-01-31 8401291core:AfterOneYear2023-01-31 8401291core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 8401291core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 8401291core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 8401291core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 8401291core:PreviouslyStatedAmount2024-01-31 8401291core:PreviouslyStatedAmount2023-01-31 8401291business:SmallEntities2023-02-012024-01-31 8401291countries:EnglandWales2023-02-012024-01-31 8401291core:PlantMachinery2023-02-012024-01-31 8401291core:ComputerEquipment2023-02-012024-01-31 8401291core:PlantMachinery2023-01-31 8401291core:ComputerEquipment2023-01-31 8401291core:PlantMachinery2024-01-31 8401291core:ComputerEquipment2024-01-31 8401291core:AfterOneYear2023-02-012024-01-31 84012912022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. 8401291 (England and Wales)
The Red Lion & Gardens Ltd Unaudited accounts for the year ended 31 January 2024
The Red Lion & Gardens Ltd Unaudited accounts Contents
Page
- 2 -
The Red Lion & Gardens Ltd Company Information for the year ended 31 January 2024
Director
Dave Rapson
Company Number
8401291 (England and Wales)
Registered Office
The Red Lion Winters Cross Ross On Wye HR9 6LH
Accountants
Wellington Consulting Ltd Fairview St Owens Cross Hereford Herefordshire HR2 8LG
- 3 -
The Red Lion & Gardens Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,306 
4,388 
Current assets
Inventories
9,630 
8,666 
Cash at bank and in hand
65,277 
78,072 
74,907 
86,738 
Creditors: amounts falling due within one year
(22,310)
(23,070)
Net current assets
52,597 
63,668 
Total assets less current liabilities
55,903 
68,056 
Creditors: amounts falling due after more than one year
(53,332)
(65,996)
Provisions for liabilities
Deferred tax
(834)
(834)
Net assets
1,737 
1,226 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,637 
1,126 
Shareholders' funds
1,737 
1,226 
For the year ending 31 January 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 director acknowledges his 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 and authorised for issue on 18 July 2024 and were signed on its behalf by
Dave Rapson Director Company Registration No. 8401291
- 4 -
The Red Lion & Gardens Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
The Red Lion & Gardens Ltd is a private company, limited by shares, registered in England and Wales, registration number 8401291. The registered office is The Red Lion, Winters Cross, Ross On Wye, HR9 6LH.
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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
Computer equipment
20% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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.
- 5 -
The Red Lion & Gardens Ltd Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
4,769 
1,397 
6,166 
Additions
610 
- 
610 
At 31 January 2024
5,379 
1,397 
6,776 
Depreciation
At 1 February 2023
1,545 
233 
1,778 
Charge for the year
1,367 
325 
1,692 
At 31 January 2024
2,912 
558 
3,470 
Net book value
At 31 January 2024
2,467 
839 
3,306 
At 31 January 2023
3,224 
1,164 
4,388 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
10,518 
10,053 
Trade creditors
6,320 
5,552 
Taxes and social security
4,857 
4,481 
Other creditors
115 
2,984 
Accruals
500 
- 
22,310 
23,070 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
53,332 
65,996 
The amounts relate to the balance on the director's current account. There is no immediate expectation of payment.
7
Average number of employees
During the year the average number of employees was 19 (2023: 18).
- 6 -