Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29202023-06-01falseNo description of principal activity20falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02777760 2023-06-01 2024-02-29 02777760 2022-06-01 2023-05-31 02777760 2024-02-29 02777760 2023-05-31 02777760 2022-06-01 02777760 c:Director3 2023-06-01 2024-02-29 02777760 d:PlantMachinery 2023-06-01 2024-02-29 02777760 d:PlantMachinery 2024-02-29 02777760 d:PlantMachinery 2023-05-31 02777760 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-02-29 02777760 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-06-01 2024-02-29 02777760 d:MotorVehicles 2023-06-01 2024-02-29 02777760 d:MotorVehicles 2024-02-29 02777760 d:MotorVehicles 2023-05-31 02777760 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-02-29 02777760 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-06-01 2024-02-29 02777760 d:FurnitureFittings 2023-06-01 2024-02-29 02777760 d:FurnitureFittings 2024-02-29 02777760 d:FurnitureFittings 2023-05-31 02777760 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-02-29 02777760 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-06-01 2024-02-29 02777760 d:OfficeEquipment 2023-06-01 2024-02-29 02777760 d:OfficeEquipment 2024-02-29 02777760 d:OfficeEquipment 2023-05-31 02777760 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-02-29 02777760 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-06-01 2024-02-29 02777760 d:ComputerEquipment 2023-06-01 2024-02-29 02777760 d:ComputerEquipment 2024-02-29 02777760 d:ComputerEquipment 2023-05-31 02777760 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-02-29 02777760 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2023-06-01 2024-02-29 02777760 d:OwnedOrFreeholdAssets 2023-06-01 2024-02-29 02777760 d:LeasedAssetsHeldAsLessee 2023-06-01 2024-02-29 02777760 d:Goodwill 2023-06-01 2024-02-29 02777760 d:Goodwill 2024-02-29 02777760 d:Goodwill 2023-05-31 02777760 d:CurrentFinancialInstruments 2024-02-29 02777760 d:CurrentFinancialInstruments 2023-05-31 02777760 d:Non-currentFinancialInstruments 2024-02-29 02777760 d:Non-currentFinancialInstruments 2023-05-31 02777760 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 02777760 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 02777760 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 02777760 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 02777760 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-02-29 02777760 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 02777760 d:ShareCapital 2024-02-29 02777760 d:ShareCapital 2023-05-31 02777760 d:RetainedEarningsAccumulatedLosses 2024-02-29 02777760 d:RetainedEarningsAccumulatedLosses 2023-05-31 02777760 c:OrdinaryShareClass1 2023-06-01 2024-02-29 02777760 c:OrdinaryShareClass1 2024-02-29 02777760 c:OrdinaryShareClass1 2023-05-31 02777760 c:FRS102 2023-06-01 2024-02-29 02777760 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-02-29 02777760 c:FullAccounts 2023-06-01 2024-02-29 02777760 c:PrivateLimitedCompanyLtd 2023-06-01 2024-02-29 02777760 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 02777760 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 02777760 2 2023-06-01 2024-02-29 02777760 6 2023-06-01 2024-02-29 02777760 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-02-29 02777760 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-05-31 02777760 d:LeasedAssetsHeldAsLessee 2024-02-29 02777760 d:LeasedAssetsHeldAsLessee 2023-05-31 02777760 d:Goodwill d:OwnedIntangibleAssets 2023-06-01 2024-02-29 02777760 e:PoundSterling 2023-06-01 2024-02-29 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 02777760














RED ALERT LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 29 FEBRUARY 2024

 
RED ALERT LIMITED
REGISTERED NUMBER:02777760

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
31 May
2024
2023
Note

Fixed assets
  

Intangible assets
 4 
-
70,444

Tangible assets
 5 
14,198
28,362

Investments
 6 
-
13,434

  
14,198
112,240

Current assets
  

Stocks
  
5,000
74,139

Debtors: amounts falling due within one year
 7 
82,134
271,101

Cash at bank and in hand
 8 
36,907
141,228

  
124,041
486,468

Creditors: amounts falling due within one year
 9 
(351,515)
(341,876)

Net current (liabilities)/assets
  
 
 
(227,474)
 
 
144,592

Total assets less current liabilities
  
(213,276)
256,832

Creditors: amounts falling due after more than one year
 10 
-
(70,000)

Provisions for liabilities
  

Deferred tax
  
(3,550)
(5,342)

Net (liabilities)/assets
  
£(216,826)
£181,490


Capital and reserves
  

Called up share capital 
 13 
2
2

Profit and loss account
  
(216,828)
181,488

  
£(216,826)
£181,490


Page 1

 
RED ALERT LIMITED
REGISTERED NUMBER:02777760

BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 November 2024.




___________________________
Mr S Thomas
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
RED ALERT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

1.


General information

Red Alert Limited is a private company limited by shares and is incorporated in England and Wales. The company registration number is 02777760. The registered office address of the company is C/O Peachey & Co LLP, 95 Aldwych, London, United Kingdom, WC2B 4JF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
RED ALERT LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
RED ALERT LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.8

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance basis
Motor vehicles
-
25% straight line basis
Fixtures and fittings
-
25% reducing balance basis
Office equipment
-
25% reducing balance basis
Computer equipment
-
25% reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

Page 5

 
RED ALERT LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.17

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 20 (2023 -20).

Page 6

 
RED ALERT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

4.


Intangible assets






Goodwill





At 1 June 2023
410,156


Disposals
(410,156)



At 29 February 2024

-





At 1 June 2023
339,712


Charge for the period on owned assets
20,244


On disposals
(359,956)



At 29 February 2024

-



Net book value



At 29 February 2024
£-



At 31 May 2023
£70,444



Page 7

 
RED ALERT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

5.


Tangible fixed assets







Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Computer equipment
Total



Cost or valuation


At 1 June 2023
42,748
209,917
19,604
20,855
19,785
312,909


Additions
-
75,870
-
6,724
-
82,594


Disposals
(42,748)
(183,096)
(19,604)
(27,579)
(19,785)
(292,812)



At 29 February 2024

-
102,691
-
-
-
102,691



Depreciation


At 1 June 2023
39,560
202,924
13,182
9,096
19,785
284,547


Charge for the period on owned assets
250
5,513
-
1,491
-
7,254


Charge for the period on financed assets
-
6,994
-
-
-
6,994


Disposals
(39,810)
(126,938)
(13,182)
(10,587)
(19,785)
(210,302)



At 29 February 2024

-
88,493
-
-
-
88,493



Net book value



At 29 February 2024
£-
£14,198
£-
£-
£-
£14,198



At 31 May 2023
£3,188
£6,993
£6,422
£11,759
£-
£28,362

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


29 February
31 May
2024
2023



Motor vehicles
-
6,993

£-
£6,993

Page 8

 
RED ALERT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

6.


Fixed asset investments








Investments in subsidiary companies





At 1 June 2023
13,434


Amounts written off
(13,434)



At 29 February 2024
£-





7.


Debtors

29 February
31 May
2024
2023


Trade debtors
68,901
165,348

Other debtors
13,233
2,981

Prepayments and accrued income
-
102,772

£82,134
£271,101



8.


Cash and cash equivalents

29 February
31 May
2024
2023

Cash at bank and in hand
£36,907
£141,228



9.


Creditors: Amounts falling due within one year

29 February
31 May
2024
2023

Bank loans
-
30,000

Trade creditors
76,584
114,645

Amounts owed to group undertakings
-
2,708

Corporation tax
-
13,233

Other taxation and social security
36,627
36,315

Obligations under finance lease and hire purchase contracts
12,349
29,755

Other creditors
9,157
14,725

Accruals and deferred income
216,798
100,495

£351,515
£341,876


Page 9

 
RED ALERT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

10.


Creditors: Amounts falling due after more than one year

29 February
31 May
2024
2023

Bank loans
£-
£70,000



11.


Loans


Analysis of the maturity of loans is given below:


29 February
31 May
2024
2023

Amounts falling due within one year

Bank loans
-
30,000


-
30,000

Amounts falling due 1-2 years

Bank loans
-
70,000

£-
£100,000



12.


Deferred taxation






2024
2023





At beginning of year
5,342
946


Charged to profit or loss
(1,792)
4,396



At end of year
£3,550
£5,342

The provision for deferred taxation is made up as follows:

29 February
31 May
2024
2023


Accelerated capital allowances
3,550
5,342

£3,550
£5,342

Page 10

 
RED ALERT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

13.


Share capital

29 February
31 May
2024
2023
Allotted, called up and fully paid



2 (2023 -2) Ordinary shares of £1.00 each
£2
£2



14.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held seperately from those of the company in an independently administered fund. Contributions totalling £2,093 are owed to the fund (2023: £2,137) at the balance sheet date.

Page 11