Company Registration No. 10625599 (England and Wales)
Redbridge Finance Limited
Unaudited accounts
for the year ended 30 June 2024
Redbridge Finance Limited
Unaudited accounts
Contents
Redbridge Finance Limited
Company Information
for the year ended 30 June 2024
Directors
Mr K J A Moulden
Mrs C M Moulden
Company Number
10625599 (England and Wales)
Registered Office
Highfield Crossing Lane
Claydon
Banbury
Oxfordshire
OX17 1EX
United Kingdom
Accountants
Link Accounting Limited
Bloxham Mill Business Centre
Barford Road
Bloxham
Oxfordshire
OX15 4FF
Redbridge Finance Limited
Statement of financial position
as at 30 June 2024
Tangible assets
9,957
12,398
Cash at bank and in hand
26,526
42,770
Creditors: amounts falling due within one year
(28,524)
(23,472)
Net current assets
15,747
29,127
Called up share capital
2,000
2,000
Profit and loss account
23,704
39,525
Shareholders' funds
25,704
41,525
For the year ending 30 June 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by
Mr K J A Moulden
Director
Company Registration No. 10625599
Redbridge Finance Limited
Notes to the Accounts
for the year ended 30 June 2024
Redbridge Finance Limited is a private company, limited by shares, registered in England and Wales, registration number 10625599. The registered office is Highfield Crossing Lane, Claydon, Banbury, Oxfordshire, OX17 1EX, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Redbridge Finance Limited
Notes to the Accounts
for the year ended 30 June 2024
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2023
4,244
19,927
24,171
At 30 June 2024
4,244
20,594
24,838
At 1 July 2023
2,022
9,751
11,773
Charge for the year
556
2,552
3,108
At 30 June 2024
2,578
12,303
14,881
At 30 June 2024
1,666
8,291
9,957
At 30 June 2023
2,222
10,176
12,398
Amounts falling due within one year
Trade debtors
17,745
9,279
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,454
2,291
Taxes and social security
3,264
13,910
Loans from directors
8,694
88
Allotted, called up and fully paid:
2,000 Ordinary shares of £1 each
2,000
2,000
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Average number of employees
During the year the average number of employees was 2 (2023: 3).