Company registration number: 05007427
Unaudited financial statements
for the period ended 28 February 2024
for
A.c. Redman Metal Spinnings Ltd.
Pages for filing with the Registrar
Company registration number: 05007427
A.c. Redman Metal Spinnings Ltd.
Balance sheet
as at 28 February 2024
28 Feb 24 28 Feb 23
Note £ £ £ £
Tangible assets 4 - -
Current assets
Stocks 27,897 28,295
Debtors 80,002 75,907
Cash at bank and in hand 11 12
107,910 104,214
Creditors: amounts falling due within
one year
(94,522) (77,020)
Net current assets 13,388 27,194
Creditors: Amounts falling due after
more than one year
5 (24,969) (34,910)
NET LIABILITIES (11,581) (7,716)
Capital and reserves
Called up share capital 50 50
Profit and loss account (11,631) (7,766)
TOTAL EQUITY (11,581) (7,716)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the period ended 28 February 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 05007427
A.c. Redman Metal Spinnings Ltd.
Balance sheet - continued
as at 28 February 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr R Redman, Director
15 November 2024
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A.c. Redman Metal Spinnings Ltd.
Notes to the financial statements
for the period ended 28 February 2024
1 Company information
A.c. Redman Metal Spinnings Ltd. is a private company registered in England and Wales. Its registered number is 05007427. The company is limited by shares. Its registered office is Unit 13 The Tanneries, Brockhampton Lane, Havant, PO9 1JB.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 20% reducing balance
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 period comprises current taxation. Tax is recognised in the Profit and loss account, 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 balance sheet date.
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A.c. Redman Metal Spinnings Ltd.
Notes to the financial statements - continued
for the period ended 28 February 2024
2 Accounting policies - continued
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the period the average number of employees was 3 (2023 - 3).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 March 2023 56,771
At 28 February 2024 56,771
Depreciation
At 1 March 2023 56,771
At 28 February 2024 56,771
Net book value
At 28 February 2024 -
At 28 February 2023 -
5 Creditors: amounts falling due after more than five years
28 Feb 24 28 Feb 23
£ £
Repayable otherwise than by instalments
Other creditors 24,969 33,465
24,969 33,465
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A.c. Redman Metal Spinnings Ltd.
Notes to the financial statements - continued
for the period ended 28 February 2024
6 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the periods ended 28 February 2024 and 28 February 2023.
28 Feb 24 28 Feb 23
£ £
Mr Richard Redman
Balance outstanding at start of period 50,000 -
Amounts advanced 61,509 -
Amounts repaid (50,000) -
Balance outstanding at end of period 61,509 -
Dividend was declared 06/04/2024
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