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REGISTERED NUMBER: 04038404 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st January 2024

for

Redline Travel Limited

Redline Travel Limited (Registered number: 04038404)






Contents of the Financial Statements
for the year ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Redline Travel Limited

Company Information
for the year ended 31st January 2024







DIRECTOR: Mr S Nuttall





REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE





REGISTERED NUMBER: 04038404 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

Redline Travel Limited (Registered number: 04038404)

Balance Sheet
31st January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 968,201 1,010,751

CURRENT ASSETS
Debtors 5 237,659 173,062
Cash at bank 858 81,046
238,517 254,108
CREDITORS
Amounts falling due within one year 6 429,797 517,523
NET CURRENT LIABILITIES (191,280 ) (263,415 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

776,921

747,336

CREDITORS
Amounts falling due after more than one
year

7

(745,410

)

(817,415

)

PROVISIONS FOR LIABILITIES (89,299 ) (59,522 )
NET LIABILITIES (57,788 ) (129,601 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (57,888 ) (129,701 )
SHAREHOLDERS' FUNDS (57,788 ) (129,601 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

Redline Travel Limited (Registered number: 04038404)

Balance Sheet - continued
31st January 2024



The financial statements were approved by the director and authorised for issue on 30th October 2025 and were signed by:





Mr S Nuttall - Director


Redline Travel Limited (Registered number: 04038404)

Notes to the Financial Statements
for the year ended 31st January 2024

1. STATUTORY INFORMATION

Redline Travel Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to long leasehold - 10% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Redline Travel Limited (Registered number: 04038404)

Notes to the Financial Statements - continued
for the year ended 31st January 2024

2. ACCOUNTING POLICIES - continued

Going concern
At the balance sheet date, the company's net current liabilities exceeded its net current assets.

The company has received assurance from the directors that they will continue to give financial support to the company for the twelve months from the date of signing these financial accounts.

Should the financial support mentioned above not be forthcoming, the going concern basis used in the preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and provide for any further liabilities which might arise.

On the above basis, the directors consider it appropriate to prepare the accounts on a going concern basis.

The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 27 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to long Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1st February 2023 36,525 191,063 2,176,179 2,403,767
Additions - - 55,000 55,000
Disposals - - (30,000 ) (30,000 )
At 31st January 2024 36,525 191,063 2,201,179 2,428,767
DEPRECIATION
At 1st February 2023 21,912 156,364 1,214,740 1,393,016
Charge for year 3,652 5,204 61,898 70,754
Eliminated on disposal - - (3,204 ) (3,204 )
At 31st January 2024 25,564 161,568 1,273,434 1,460,566
NET BOOK VALUE
At 31st January 2024 10,961 29,495 927,745 968,201
At 31st January 2023 14,613 34,699 961,439 1,010,751

Redline Travel Limited (Registered number: 04038404)

Notes to the Financial Statements - continued
for the year ended 31st January 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st February 2023 9,250 1,851,600 1,860,850
Disposals - (15,500 ) (15,500 )
At 31st January 2024 9,250 1,836,100 1,845,350
DEPRECIATION
At 1st February 2023 5,144 979,473 984,617
Charge for year 614 55,199 55,813
Eliminated on disposal - (3,204 ) (3,204 )
At 31st January 2024 5,758 1,031,468 1,037,226
NET BOOK VALUE
At 31st January 2024 3,492 804,632 808,124
At 31st January 2023 4,106 872,127 876,233

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 195,572 151,639
Other debtors 42,087 21,423
237,659 173,062

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,000 25,000
Hire purchase contracts 217,405 273,076
Trade creditors 124,118 114,651
Taxation and social security 20,707 65,956
Other creditors 42,567 38,840
429,797 517,523

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 33,333 58,333
Hire purchase contracts 427,002 661,548
Other creditors 285,075 97,534
745,410 817,415

Redline Travel Limited (Registered number: 04038404)

Notes to the Financial Statements - continued
for the year ended 31st January 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 644,407 934,624

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S Nuttall.