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REGISTERED NUMBER: 11907669 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Redding Interiors Ltd

Redding Interiors Ltd (Registered number: 11907669)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Redding Interiors Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: N G Redding
Mrs C Redding



REGISTERED OFFICE: 182 Calton Road
Gloucester
GL1 5ER



REGISTERED NUMBER: 11907669 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Barclays Bank Plc
Leicester
LE87 2BB

Redding Interiors Ltd (Registered number: 11907669)

Statement of Financial Position
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,625 6,750
Tangible assets 5 4,451 4,961
10,076 11,711

CURRENT ASSETS
Stocks 300 300
Debtors 6 1,088 672
Cash at bank 28,204 30,678
29,592 31,650
CREDITORS
Amounts falling due within one year 7 16,680 19,744
NET CURRENT ASSETS 12,912 11,906
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,988

23,617

CREDITORS
Amounts falling due after more than one
year

8

7,917

12,917
NET ASSETS 15,071 10,700

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,971 10,600
SHAREHOLDERS' FUNDS 15,071 10,700

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Redding Interiors Ltd (Registered number: 11907669)

Statement of Financial Position - continued
31 March 2024


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 15 October 2024 and were signed on its behalf by:





N G Redding - Director


Redding Interiors Ltd (Registered number: 11907669)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Redding Interiors 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current 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 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 statement of financial position date.

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.

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 3 (2023 - 2 ) .

Redding Interiors Ltd (Registered number: 11907669)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 April 2023
and 31 March 2024 11,250
Amortisation
At 1 April 2023 4,500
Charge for year 1,125
At 31 March 2024 5,625
Net book value
At 31 March 2024 5,625
At 31 March 2023 6,750

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 April 2023 11,566 686 12,252
Additions 861 179 1,040
At 31 March 2024 12,427 865 13,292
Depreciation
At 1 April 2023 6,910 381 7,291
Charge for year 1,333 217 1,550
At 31 March 2024 8,243 598 8,841
Net book value
At 31 March 2024 4,184 267 4,451
At 31 March 2023 4,656 305 4,961

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 260 -
Other debtors 828 672
1,088 672

Redding Interiors Ltd (Registered number: 11907669)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 857 -
Taxation and social security 5,968 7,878
Other creditors 4,855 6,866
16,680 19,744

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans 7,917 12,917