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REGISTERED NUMBER: SC554280 (Scotland)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 January 2024

for

Red Clean Ltd

Red Clean Ltd (Registered number: SC554280)






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




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Red Clean Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: P Paterson
R Burnett





REGISTERED OFFICE: 73 Canmore Park
Stonehaven
Kincardineshire
AB39 2WH





REGISTERED NUMBER: SC554280 (Scotland)





ACCOUNTANTS: MacDonald Accountancy Services
11 Margaret Street
Stonehaven
Aberdeenshire
AB39 2AY

Red Clean Ltd (Registered number: SC554280)

Report of the Directors
for the Year Ended 31 January 2024

The directors present their report with the financial statements of the company for the year ended 31 January 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 February 2023 to the date of this report.

P Paterson
R Burnett

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P Paterson - Director


29 October 2024

Red Clean Ltd (Registered number: SC554280)

Income Statement
for the Year Ended 31 January 2024

31.1.24 31.1.23
Notes £    £   

TURNOVER 371,901 265,056

Cost of sales 182,822 143,690
GROSS PROFIT 189,079 121,366

Administrative expenses 159,747 144,699
OPERATING PROFIT/(LOSS) 4 29,332 (23,333 )


Interest payable and similar expenses 1,483 416
PROFIT/(LOSS) BEFORE TAXATION 27,849 (23,749 )

Tax on profit/(loss) 5,776 -
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

22,073

(23,749

)

Red Clean Ltd (Registered number: SC554280)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 35,000 45,975

CURRENT ASSETS
Stocks 2,000 22,000
Debtors 6 374 18,353
Cash at bank 36,304 2,162
38,678 42,515
CREDITORS
Amounts falling due within one year 7 44,608 57,593
NET CURRENT LIABILITIES (5,930 ) (15,078 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,070

30,897

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 29,068 30,895
SHAREHOLDERS' FUNDS 29,070 30,897

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





P Paterson - Director


Red Clean Ltd (Registered number: SC554280)

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

1. STATUTORY INFORMATION

Red Clean Ltd is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 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 5 (2023 - 5 ) .

Red Clean Ltd (Registered number: SC554280)

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

4. OPERATING PROFIT/(LOSS)

The operating profit (2023 - operating loss) is stated after charging:

31.1.24 31.1.23
£    £   
Depreciation - owned assets 11,657 15,325

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 98,988
Additions 682
At 31 January 2024 99,670
DEPRECIATION
At 1 February 2023 53,013
Charge for year 11,657
At 31 January 2024 64,670
NET BOOK VALUE
At 31 January 2024 35,000
At 31 January 2023 45,975

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors - 18,353
Other debtors 374 -
374 18,353

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 38,077 39,581
Taxation and social security (4,739 ) 4,603
Other creditors 11,270 13,409
44,608 57,593