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REGISTERED NUMBER: 02566185 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Red Hot Catering Equipment Limited

Red Hot Catering Equipment Limited (Registered number: 02566185)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Red Hot Catering Equipment Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr C Stephenson





SECRETARY: Mrs K Dalton





REGISTERED OFFICE: Unit 7
Hawthorn Avenue Industrial Estate
Hawthorn Avenue
Kingston upon Hull
East Yorkshire
HU3 5JB





REGISTERED NUMBER: 02566185 (England and Wales)





ACCOUNTANTS: Harris Lacey and Swain
Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ

Red Hot Catering Equipment Limited (Registered number: 02566185)

Abridged Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,306 4,768

CURRENT ASSETS
Stocks 43,897 41,114
Debtors 12,024 19,074
Cash at bank 12,430 711
68,351 60,899
CREDITORS
Amounts falling due within one year 52,261 31,340
NET CURRENT ASSETS 16,090 29,559
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,396

34,327

CREDITORS
Amounts falling due after more than one
year

5

28,452

34,102
NET (LIABILITIES)/ASSETS (3,056 ) 225

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (3,156 ) 125
(3,056 ) 225

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Red Hot Catering Equipment Limited (Registered number: 02566185)

Abridged Balance Sheet - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 November 2024 and were signed by:





Mr C Stephenson - Director


Red Hot Catering Equipment Limited (Registered number: 02566185)

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


1. STATUTORY INFORMATION

Red Hot Catering Equipment 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 accounting
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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

Turnover
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The company provides vending machines for rental to other organisations as a fixed price contract, along with parts for the maintenance of said machines and stock to be used in the machines, which are provided on a time and material basis.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Red Hot Catering Equipment Limited (Registered number: 02566185)

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


2. 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.

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023 12,903
Additions 11,866
Disposals (11,000 )
At 31 August 2024 13,769
DEPRECIATION
At 1 September 2023 8,135
Charge for year 3,054
Eliminated on disposal (6,726 )
At 31 August 2024 4,463
NET BOOK VALUE
At 31 August 2024 9,306
At 31 August 2023 4,768

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 2,052 7,702

6. RELATED PARTY DISCLOSURES

The company is controlled by Mr C Stephenson who holds 99% of the shares in the company.