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REGISTERED NUMBER: 05830503 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

REDSTART DESIGN LIMITED

REDSTART DESIGN LIMITED (REGISTERED NUMBER: 05830503)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REDSTART DESIGN LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: N Jones





SECRETARY: A Jones





REGISTERED OFFICE: Furnham Close Industrial Estate
Chard
Somerset
TA20 1DA





REGISTERED NUMBER: 05830503 (England and Wales)





ACCOUNTANTS: Haines Watts
3 Southernhay West
Exeter
Devon
EX1 1JG

REDSTART DESIGN LIMITED (REGISTERED NUMBER: 05830503)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 53,696 69,828
53,696 69,828

CURRENT ASSETS
Stocks 7 26,000 70,000
Debtors 8 1,225,489 610,007
Cash at bank and in hand 220,506 3,907
1,471,995 683,914
CREDITORS
Amounts falling due within one year 9 (609,545 ) (394,574 )
NET CURRENT ASSETS 862,450 289,340
TOTAL ASSETS LESS CURRENT
LIABILITIES

916,146

359,168

CREDITORS
Amounts falling due after more than one
year

10

(12,497

)

(34,591

)

PROVISIONS FOR LIABILITIES (87,100 ) -
NET ASSETS 816,549 324,577

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 816,449 324,477
SHAREHOLDERS' FUNDS 816,549 324,577

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 director acknowledges his 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.

REDSTART DESIGN LIMITED (REGISTERED NUMBER: 05830503)

Balance Sheet - 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 November 2024 and were signed by:





N Jones - Director


REDSTART DESIGN LIMITED (REGISTERED NUMBER: 05830503)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Redstart Design Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents amounts receivable for goods net of value added tax and trade discounts.

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Property improvements - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks and work in progress 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.


REDSTART DESIGN LIMITED (REGISTERED NUMBER: 05830503)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for some staff. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 10,000
AMORTISATION
At 1 April 2023
and 31 March 2024 10,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

REDSTART DESIGN LIMITED (REGISTERED NUMBER: 05830503)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. TANGIBLE FIXED ASSETS
Fixtures
Property Plant and and
improvements machinery fittings
£    £    £   
COST
At 1 April 2023 9,825 268,714 21,286
Additions - - 221
Disposals - (83,500 ) -
At 31 March 2024 9,825 185,214 21,507
DEPRECIATION
At 1 April 2023 8,231 205,537 16,459
Charge for year 319 12,048 1,002
Eliminated on disposal - (80,562 ) -
At 31 March 2024 8,550 137,023 17,461
NET BOOK VALUE
At 31 March 2024 1,275 48,191 4,046
At 31 March 2023 1,594 63,177 4,827

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 100 349 300,274
Additions - - 221
Disposals - - (83,500 )
At 31 March 2024 100 349 216,995
DEPRECIATION
At 1 April 2023 98 121 230,446
Charge for year - 46 13,415
Eliminated on disposal - - (80,562 )
At 31 March 2024 98 167 163,299
NET BOOK VALUE
At 31 March 2024 2 182 53,696
At 31 March 2023 2 228 69,828

REDSTART DESIGN LIMITED (REGISTERED NUMBER: 05830503)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. STOCKS
2024 2023
£    £   
Stocks 26,000 10,000
Work-in-progress - 60,000
26,000 70,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 794,351 192,291
Amounts recoverable on contracts 11,134 6,969
Other debtors 417,785 409,108
Prepayments 2,219 1,639
1,225,489 610,007

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 41,546
Hire purchase contracts (see note 11) 12,092 22,243
Payments on account 2,177 9,963
Trade creditors 316,948 240,474
Tax 34,751 -
Social security and other taxes 14,093 11,637
VAT 212,189 60,257
Pension liability 2,648 2,750
Directors' loan accounts 615 303
Accruals and deferred income 4,032 5,401
609,545 394,574

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 22,499
Bank loans - 2-5 years 2,497 -
Hire purchase contracts (see note 11) - 12,092
12,497 34,591

REDSTART DESIGN LIMITED (REGISTERED NUMBER: 05830503)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 12,092 22,243
Between one and five years - 12,092
12,092 34,335

Non-cancellable operating leases
2024 2023
£    £   
Within one year - 3,979
Between one and five years - 4,974
- 8,953

12. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 12,092 34,335

Hire purchase contracts are secured against the assets in which they relate.

The Loan with Barclays bank is fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant and machinery.

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
N Jones
Balance outstanding at start of year (303 ) 668
Amounts advanced - 549
Amounts repaid (312 ) (1,520 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (615 ) (303 )

REDSTART DESIGN LIMITED (REGISTERED NUMBER: 05830503)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

Interest was charged on the overdrawn balance at the beneficial loan interest rate as set by HM
Revenue and Customs. The loan is repayable on demand.

14. RELATED PARTY DISCLOSURES

Director
During the year a director charged rent to the company of £15,000 (2023 - £15,000).

Shareholder
During the year a shareholder charged rent to the company of £15,000 (2023 - £15,000).