REDWOOD DISTRIBUTIONS LIMITED

Company Registration Number:
11883590 (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

REDWOOD DISTRIBUTIONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

REDWOOD DISTRIBUTIONS LIMITED

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Directors

The director shown below has held office during the whole of the period from
1 April 2023 to 31 March 2024

Shirley Leighton


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
29 November 2024

And signed on behalf of the board by:
Name: Shirley Leighton
Status: Director

REDWOOD DISTRIBUTIONS LIMITED

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 5,175,492 3,086,104
Cost of sales: ( 3,479,845 ) ( 1,928,815 )
Gross profit(or loss): 1,695,647 1,157,289
Distribution costs: ( 147,748 ) ( 112,106 )
Administrative expenses: ( 511,412 ) ( 385,021 )
Operating profit(or loss): 1,036,487 660,162
Profit(or loss) before tax: 1,036,487 660,162
Tax: ( 241,998 ) ( 118,829 )
Profit(or loss) for the financial year: 794,489 541,333

REDWOOD DISTRIBUTIONS LIMITED

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 621,645 490,306
Total fixed assets: 621,645 490,306
Current assets
Stocks: 4 1,205,507 422,314
Debtors: 5 607,410 586,614
Cash at bank and in hand: 271,982 178,059
Total current assets: 2,084,899 1,186,987
Creditors: amounts falling due within one year: 6 ( 449,824 ) ( 215,062 )
Net current assets (liabilities): 1,635,075 971,925
Total assets less current liabilities: 2,256,720 1,462,231
Total net assets (liabilities): 2,256,720 1,462,231
Capital and reserves
Called up share capital: 128,000 128,000
Profit and loss account: 2,128,720 1,334,231
Total Shareholders' funds: 2,256,720 1,462,231

The notes form part of these financial statements

REDWOOD DISTRIBUTIONS 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 29 November 2024
and signed on behalf of the board by:

Name: Shirley Leighton
Status: Director

The notes form part of these financial statements

REDWOOD DISTRIBUTIONS 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

REDWOOD DISTRIBUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 14 10

REDWOOD DISTRIBUTIONS 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 268,555 65,474 31,515 65,479 181,243 612,266
Additions 18,544 48,541 80,451 118,677 266,213
Disposals
Revaluations
Transfers
At 31 March 2024 268,555 84,018 80,056 145,930 299,920 878,479
Depreciation
At 1 April 2023 19,746 19,326 42,448 40,440 121,960
Charge for year 16,803 16,011 29,186 72,874 134,874
On disposals
Other adjustments
At 31 March 2024 36,549 35,337 71,634 113,314 256,834
Net book value
At 31 March 2024 268,555 47,469 44,719 74,296 186,606 621,645
At 31 March 2023 268,555 45,728 12,189 23,031 140,803 490,306

REDWOOD DISTRIBUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Stocks

2024 2023
£ £
Stocks 1,205,507 422,314
Total 1,205,507 422,314

REDWOOD DISTRIBUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
£ £
Trade debtors 607,410 586,614
Total 607,410 586,614

REDWOOD DISTRIBUTIONS 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 167,611 96,233
Taxation and social security 282,213 118,829
Total 449,824 215,062