Registered number
09002066
Rednoon Ltd
Unaudited Filleted Accounts
30 April 2024
Rednoon Ltd
Registered number: 09002066
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 14,406 17,059
Current assets
Debtors 4 91,225 151,425
Cash at bank and in hand 92,880 169,180
184,105 320,605
Creditors: amounts falling due within one year 5 (119,576) (160,054)
Net current assets 64,529 160,551
Total assets less current liabilities 78,935 177,610
Creditors: amounts falling due after more than one year 6 (70,000) (110,000)
Provisions for liabilities (3,601) (4,265)
Net assets 5,334 63,345
Capital and reserves
Called up share capital 200 200
Profit and loss account 5,134 63,145
Shareholders' funds 5,334 63,345
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Eugene Souleiman
Director
Approved by the board on 26 October 2024
Rednoon Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% per annum reducing balance basis
Fixtures, fittings, tools and equipment 20% per annum reducing balance basis
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 56,673
Additions 948
At 30 April 2024 57,621
Depreciation
At 1 May 2023 39,614
Charge for the year 3,601
At 30 April 2024 43,215
Net book value
At 30 April 2024 14,406
At 30 April 2023 17,059
4 Debtors 2024 2023
£ £
Trade debtors 88,185 98,848
Other debtors 3,040 52,577
91,225 151,425
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 40,000 40,000
Trade creditors 13,720 16,879
Taxation and social security costs 54,723 89,527
Other creditors 11,133 13,648
119,576 160,054
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 70,000 110,000
7 Other information
Rednoon Ltd is a private company limited by shares and incorporated in England. Its registered office is:
3 Gateway Mews
London
N11 2UT
Rednoon Ltd 09002066 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts July 2024 Eugene Souleiman No description of principal activity 09002066 2022-05-01 2023-04-30 09002066 core:WithinOneYear 2023-04-30 09002066 core:AfterOneYear 2023-04-30 09002066 core:ShareCapital 2023-04-30 09002066 core:RetainedEarningsAccumulatedLosses 2023-04-30 09002066 2023-05-01 2024-04-30 09002066 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09002066 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 09002066 bus:Director40 2023-05-01 2024-04-30 09002066 core:PlantMachinery 2023-05-01 2024-04-30 09002066 countries:England 2023-05-01 2024-04-30 09002066 bus:FRS102 2023-05-01 2024-04-30 09002066 bus:FilletedAccounts 2023-05-01 2024-04-30 09002066 2024-04-30 09002066 core:WithinOneYear 2024-04-30 09002066 core:AfterOneYear 2024-04-30 09002066 core:ShareCapital 2024-04-30 09002066 core:RetainedEarningsAccumulatedLosses 2024-04-30 09002066 core:PlantMachinery 2024-04-30 09002066 2023-04-30 09002066 core:PlantMachinery 2023-04-30 iso4217:GBP xbrli:pure