Registered number
11628015
RedRobot99 Limited
Filleted Accounts
31 October 2023
RedRobot99 Limited
Registered number: 11628015
Balance Sheet
as at 31 October 2023
Notes 2023 2022
Fixed assets
Tangible assets 3 28,764 21,535
Current assets
Stocks and work in progress 76,530 -
Debtors 4 74,533 72,669
Cash at bank and in hand 53,532 95,631
204,595 168,300
Creditors: amounts falling due within one year 5 (18,603) (23,744)
Net current assets 185,992 144,556
Total assets less current liabilities 214,756 166,091
Provisions for liabilities (5,466) (4,092)
Net assets 209,290 161,999
Capital and reserves
Called up share capital 100 100
Profit and loss account 209,190 161,899
Shareholders' funds 209,290 161,999
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.
D J Ormston
Director
Approved by the board on 28 October 2024
RedRobot99 Limited
Notes to the Accounts
for the year ended 31 October 2023
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 over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc Fixtures and fittings Total
Cost
At 1 November 2022 40,397 15,629 56,026
Additions 13,085 9,961 23,046
At 31 October 2023 53,482 25,590 79,072
Depreciation
At 1 November 2022 27,632 6,859 34,491
Charge for the year 10,696 5,121 15,817
At 31 October 2023 38,328 11,980 50,308
Net book value
At 31 October 2023 15,154 13,610 28,764
At 31 October 2022 12,765 8,770 21,535
4 Debtors 2023 2022
Other debtors 74,533 72,669
5 Creditors: amounts falling due within one year 2023 2022
Trade creditors 1,481 -
Taxation and social security costs 15,359 21,561
Other creditors 1,763 2,183
18,603 23,744
6 Related party transactions
Included in debtors is a loan to a related company and the amount outstanding at 31st October 2023 is £71,828 (2022 : £70,794). The loan is interest free.
7 Controlling party
D J Ormston, who owns 60% of the issued share capital, is considered to be the controlling party.
8 Other information
RedRobot99 Limited is a private company limited by shares and incorporated in England. Its registered office is:
167 Park Grove
Barnsley
South Yorkshire
S70 1QY
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