Company Registration No. 08435858 (England and Wales)
Red Rose Furnishings Limited
Unaudited accounts
for the year ended 31 March 2024
Red Rose Furnishings Limited
Unaudited accounts
Contents
Red Rose Furnishings Limited
Company Information
for the year ended 31 March 2024
Company Number
08435858 (England and Wales)
Registered Office
VARIS BUSINESS PARK
CHALLENGE WAY
BLACKBURN
LANCASHIRE
BB1 5QB
ENGLAND
Red Rose Furnishings Limited
Statement of financial position
as at 31 March 2024
Tangible assets
383,538
477,577
Inventories
320,000
129,486
Cash at bank and in hand
1,931,461
4,058,835
Creditors: amounts falling due within one year
(2,650,407)
(2,606,953)
Net current assets
2,034,608
1,624,186
Net assets
2,418,146
2,101,763
Called up share capital
400
400
Profit and loss account
2,417,746
2,101,363
Shareholders' funds
2,418,146
2,101,763
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 30 September 2024 and were signed on its behalf by
Arif Kola
Director
Company Registration No. 08435858
Red Rose Furnishings Limited
Notes to the Accounts
for the year ended 31 March 2024
Red Rose Furnishings Limited is a private company, limited by shares, registered in England and Wales, registration number 08435858. The registered office is VARIS BUSINESS PARK, CHALLENGE WAY, BLACKBURN, LANCASHIRE, BB1 5QB, ENGLAND.
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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:
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2023
114,948
659,662
774,610
At 31 March 2024
114,948
659,662
774,610
At 1 April 2023
85,425
211,608
297,033
Charge for the year
4,428
89,611
94,039
At 31 March 2024
89,853
301,219
391,072
At 31 March 2024
25,095
358,443
383,538
At 31 March 2023
29,523
448,054
477,577
Amounts falling due within one year
Trade debtors
33,554
42,818
Amounts due from group undertakings etc.
2,400,000
-
Red Rose Furnishings Limited
Notes to the Accounts
for the year ended 31 March 2024
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
971,953
975,441
Taxes and social security
264,703
184,248
Other creditors
1,098,636
969,358
Loans from directors
205,365
369,785
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Average number of employees
During the year the average number of employees was 55 (2023: 55).