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REGISTERED NUMBER: SC526990 (Scotland)















Unaudited Financial Statements for the Year Ended 29th February 2024

for

Redmayne Smith Ltd

Redmayne Smith Ltd (Registered number: SC526990)






Contents of the Financial Statements
for the Year Ended 29th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Redmayne Smith Ltd

Company Information
for the Year Ended 29th February 2024







DIRECTORS: Mrs A Smith
P B Smith
Ms A J Hookway
G E Dutfield





REGISTERED OFFICE: Duneira Pier Road
Rhu
Helensburgh
G84 8LH





REGISTERED NUMBER: SC526990 (Scotland)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Redmayne Smith Ltd (Registered number: SC526990)

Balance Sheet
29th February 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 997,926 350,318
Cash at bank 35,902 265,762
1,033,828 616,080
CREDITORS
Amounts falling due within one year 6 (705,478 ) (491,998 )
NET CURRENT ASSETS 328,350 124,082
TOTAL ASSETS LESS CURRENT LIABILITIES 328,350 124,082

CREDITORS
Amounts falling due after more than one year 7 (14,112 ) (24,003 )
NET ASSETS 314,238 100,079

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 314,138 99,979
314,238 100,079

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Redmayne Smith Ltd (Registered number: SC526990)

Balance Sheet - continued
29th 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th November 2024 and were signed on its behalf by:





Mrs A Smith - Director


Redmayne Smith Ltd (Registered number: SC526990)

Notes to the Financial Statements
for the Year Ended 29th February 2024

1. STATUTORY INFORMATION

Redmayne Smith Ltd is a private company, limited by shares , registered in Scotland. 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 etc - straight line over 3 years

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Redmayne Smith Ltd (Registered number: SC526990)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2023
and 29th February 2024 1,665
DEPRECIATION
At 1st March 2023
and 29th February 2024 1,665
NET BOOK VALUE
At 29th February 2024 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,076 24,656
Amounts owed by group undertakings 973,695 303,512
Other debtors 279 342
Tax Receivable 22,876 21,761
Directors' current accounts - 47
997,926 350,318

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bounce back loan- less than 1y 9,866 9,843
Trade creditors 252,376 440,464
Tax 79,735 10,557
VAT 96,188 29,934
Other creditors 10 -
Directors' current accounts 264,363 -
Accrued expenses 2,940 1,200
705,478 491,998

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other loans - 2-5 years 14,112 24,003