RED LINING LIMITED

Company Registration Number:
11868996 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

RED LINING LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

RED LINING LIMITED

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 6,854,127 4,102,429
Cost of sales: ( 4,389,714 ) ( 2,761,106 )
Gross profit(or loss): 2,464,413 1,341,323
Distribution costs: ( 185,114 ) ( 141,072 )
Administrative expenses: ( 640,247 ) ( 401,612 )
Operating profit(or loss): 1,639,052 798,639
Profit(or loss) before tax: 1,639,052 798,639
Tax: ( 409,763 ) ( 142,039 )
Profit(or loss) for the financial year: 1,229,289 656,600

RED LINING LIMITED

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,095,457 804,337
Total fixed assets: 1,095,457 804,337
Current assets
Stocks: 4 1,682,727 403,943
Debtors: 5 856,312 537,461
Cash at bank and in hand: 324,937 365,329
Total current assets: 2,863,976 1,306,733
Creditors: amounts falling due within one year: 6 ( 856,418 ) ( 237,344 )
Net current assets (liabilities): 2,007,558 1,069,389
Total assets less current liabilities: 3,103,015 1,873,726
Total net assets (liabilities): 3,103,015 1,873,726
Capital and reserves
Called up share capital: 150,000 150,000
Profit and loss account: 2,953,015 1,723,726
Total Shareholders' funds: 3,103,015 1,873,726

The notes form part of these financial statements

RED LINING LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 27 November 2024
and signed on behalf of the board by:

Name: Mrs Sulochana Khadka
Status: Director

The notes form part of these financial statements

RED LINING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

RED LINING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 27 14

RED LINING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 409,357 151,566 102,687 101,939 280,115 1,045,664
Additions 79,584 65,223 110,274 292,933 548,014
Disposals
Revaluations
Transfers
At 31 March 2024 409,357 231,150 167,910 212,213 573,048 1,593,678
Depreciation
At 1 April 2023 21,267 31,454 47,834 140,772 241,327
Charge for year 46,230 33,582 42,442 134,640 256,894
On disposals
Other adjustments
At 31 March 2024 67,497 65,036 90,276 275,412 498,221
Net book value
At 31 March 2024 409,357 163,653 102,874 121,937 297,636 1,095,457
At 31 March 2023 409,357 130,299 71,233 54,105 139,343 804,337

RED LINING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Stocks

2024 2023
£ £
Stocks 1,682,727 403,943
Total 1,682,727 403,943

RED LINING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
£ £
Trade debtors 856,312 537,461
Total 856,312 537,461

RED LINING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 324,264 95,285
Taxation and social security 532,154 142,059
Total 856,418 237,344