IRIS Accounts Production v24.3.0.553 01917943 director 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh019179432023-06-30019179432024-06-30019179432023-07-012024-06-30019179432022-06-30019179432022-07-012023-06-30019179432023-06-3001917943ns15:EnglandWales2023-07-012024-06-3001917943ns14:PoundSterling2023-07-012024-06-3001917943ns10:Director12023-07-012024-06-3001917943ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3001917943ns10:SmallEntities2023-07-012024-06-3001917943ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3001917943ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3001917943ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3001917943ns10:FullAccounts2023-07-012024-06-3001917943ns10:CompanySecretary12023-07-012024-06-3001917943ns10:RegisteredOffice2023-07-012024-06-3001917943ns5:CurrentFinancialInstruments2024-06-3001917943ns5:CurrentFinancialInstruments2023-06-3001917943ns5:Non-currentFinancialInstruments2024-06-3001917943ns5:Non-currentFinancialInstruments2023-06-3001917943ns5:ShareCapital2024-06-3001917943ns5:ShareCapital2023-06-3001917943ns5:FurtherSpecificReserve1ComponentTotalEquity2024-06-3001917943ns5:FurtherSpecificReserve1ComponentTotalEquity2023-06-3001917943ns5:RetainedEarningsAccumulatedLosses2024-06-3001917943ns5:RetainedEarningsAccumulatedLosses2023-06-3001917943ns5:PlantMachinery2023-07-012024-06-3001917943ns5:MotorVehicles2023-07-012024-06-3001917943ns5:ComputerEquipment2023-07-012024-06-3001917943ns5:PlantMachinery2023-06-3001917943ns5:MotorVehicles2023-06-3001917943ns5:ComputerEquipment2023-06-3001917943ns5:PlantMachinery2024-06-3001917943ns5:MotorVehicles2024-06-3001917943ns5:ComputerEquipment2024-06-3001917943ns5:PlantMachinery2023-06-3001917943ns5:MotorVehicles2023-06-3001917943ns5:ComputerEquipment2023-06-3001917943ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3001917943ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3001917943ns5:Secured2024-06-3001917943ns5:Secured2023-06-30
















Unaudited Financial Statements for the Year Ended 30 June 2024

for

REDLIME LIMITED

REDLIME LIMITED (Registered number: 01917943)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REDLIME LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTOR: A G Nebbitt





SECRETARY: A Nebbitt





REGISTERED OFFICE: Corner Farm
Horton Cum Studley
Oxford
OX33 1BJ





REGISTERED NUMBER: 01917943 (England and Wales)





ACCOUNTANTS: Abacus Business Consulting Limited
Thistledown
Wendlebury
Bicester
OX25 2PE

REDLIME LIMITED (Registered number: 01917943)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 138,250 208,300

CURRENT ASSETS
Stocks 7,700 7,700
Debtors 5 753,297 820,617
Cash at bank 13,850 11,369
774,847 839,686
CREDITORS
Amounts falling due within one year 6 390,793 398,523
NET CURRENT ASSETS 384,054 441,163
TOTAL ASSETS LESS CURRENT
LIABILITIES

522,304

649,463

CREDITORS
Amounts falling due after more than one
year

7

-

(24,375

)

PROVISIONS FOR LIABILITIES (34,500 ) (37,500 )
NET ASSETS 487,804 587,588

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 100 100
Retained earnings 487,604 587,388
SHAREHOLDERS' FUNDS 487,804 587,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

REDLIME LIMITED (Registered number: 01917943)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2024 and were signed by:





A G Nebbitt - Director


REDLIME LIMITED (Registered number: 01917943)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

REDLIME 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.

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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 20% on 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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

REDLIME LIMITED (Registered number: 01917943)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 635,944 196,248 8,649 840,841
Disposals (83,750 ) (24,742 ) - (108,492 )
At 30 June 2024 552,194 171,506 8,649 732,349
DEPRECIATION
At 1 July 2023 460,944 163,248 8,349 632,541
Charge for year 28,250 8,000 50 36,300
Eliminated on disposal (52,000 ) (22,742 ) - (74,742 )
At 30 June 2024 437,194 148,506 8,399 594,099
NET BOOK VALUE
At 30 June 2024 115,000 23,000 250 138,250
At 30 June 2023 175,000 33,000 300 208,300

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 266,573 330,344
Amounts owed by group undertakings 466,000 466,000
Other debtors 20,724 24,273
753,297 820,617

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,375 32,500
Trade creditors 194,573 193,559
Taxation and social security 27,684 80,526
Other creditors 144,161 91,938
390,793 398,523

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 24,375

REDLIME LIMITED (Registered number: 01917943)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 24,375 56,875

Funding provided by National Westminster Bank plc is secured by fixed and floating charges over the assets of the company.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A G Nebbitt.