Registered number
09847514
Redlite Laser Limited
Filleted Accounts
31 October 2023
Redlite Laser Limited
Registered number: 09847514
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,262 1,682
Current assets
Stocks 5,000 5,000
Debtors 4 38,684 6,342
Cash at bank and in hand 11,342 8,424
55,026 19,766
Creditors: amounts falling due within one year 5 (43,598) (34,310)
Net current assets/(liabilities) 11,428 (14,544)
Net assets/(liabilities) 12,690 (12,862)
Capital and reserves
Called up share capital 100 100
Profit and loss account 12,590 (12,962)
Shareholder's funds 12,690 (12,862)
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 her 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.
Joanne Baum
Director
Approved by the board on 15 January 2025
Redlite Laser Limited
Notes to the Accounts
for the year ended 31 October 2023
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022 2,102
At 31 October 2023 2,102
Depreciation
At 1 November 2022 420
Charge for the year 420
At 31 October 2023 840
Net book value
At 31 October 2023 1,262
At 31 October 2022 1,682
4 Debtors 2023 2022
£ £
Pre payments 202 -
Other debtors 38,482 6,342
38,684 6,342
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs - 1,308
Other creditors 43,598 33,002
43,598 34,310
6 Related party transactions
Redinc Tattoo Limited is included in other creditors in the amount of £30,597 (2022: £14,501)
Pulse Holdings Limited is included in other creditors in the amount of £10,000 (2022 £10,000)
7 Other information
Redlite Laser Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot lane
Middlesex
HA7 1JS
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