Registered number
11551478
Red Ross Engineering Ltd
Unaudited Filleted Accounts
31 March 2024
Red Ross Engineering Ltd
Registered number: 11551478
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 12,159 15,289
Current assets
Debtors 4 3,273 786
Cash at bank and in hand 33,597 80,702
36,870 81,488
Creditors: amounts falling due within one year 5 (1,582) (9,277)
Net current assets 35,288 72,211
Total assets less current liabilities 47,447 87,500
Provisions for liabilities (2,310) (2,905)
Net assets 45,137 84,595
Capital and reserves
Called up share capital 1 1
Profit and loss account 45,136 84,594
Shareholder's funds 45,137 84,595
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
O Ross
Director
Approved by the board on 17 June 2024
Red Ross Engineering Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and Equipment Computer Equipment Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 6,838 2,574 26,675 36,087
Additions 510 - - 510
At 31 March 2024 7,348 2,574 26,675 36,597
Depreciation
At 1 April 2023 2,176 1,560 17,062 20,798
Charge for the year 1,034 203 2,403 3,640
At 31 March 2024 3,210 1,763 19,465 24,438
Net book value
At 31 March 2024 4,138 811 7,210 12,159
At 31 March 2023 4,662 1,014 9,613 15,289
4 Debtors 2024 2023
£ £
Corporation tax repayment 3,031 -
Other debtors 242 786
3,273 786
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 750 650
Taxation and social security costs 117 4,764
Other creditors 715 3,863
1,582 9,277
6 Other information
Red Ross Engineering Ltd is a private company limited by shares and incorporated in England. Its registered office is:
14 Stockwell Drive
Knaresborough
HG5 0LW
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