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RED ON PERFORMANCE LTD

Registered Number
14894020
(England and Wales)

Unaudited Financial Statements for the Period ended
31 May 2024

RED ON PERFORMANCE LTD
Company Information
for the period from 25 May 2023 to 31 May 2024

Directors

CHADWICK, Michael James
COX, Ashley, Dr

Registered Address

14894020 - COMPANIES HOUSE DEFAULT ADDRESS
Cardiff
CF14 8LH

Place of Business

Studio 28

Liverpool Road Studios

113 Liverpool Road

Liverpool

L23 5TD


Registered Number

14894020 (England and Wales)
RED ON PERFORMANCE LTD
Balance Sheet as at
31 May 2024

Notes

2024

£

£

Fixed assets
Tangible assets32,246
2,246
Current assets
Cash at bank and on hand4,297
4,297
Creditors amounts falling due within one year(4,999)
Net current assets (liabilities)(702)
Total assets less current liabilities1,544
Net assets1,544
Capital and reserves
Profit and loss account1,544
Shareholders' funds1,544
The financial statements were approved and authorised for issue by the Board of Directors on 29 January 2025, and are signed on its behalf by:
CHADWICK, Michael James
Director
COX, Ashley, Dr
Director

Registered Company No. 14894020
RED ON PERFORMANCE LTD
Notes to the Financial Statements
for the period ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

2024
Average number of employees during the year2
3.Tangible fixed assets

Total

£
Cost or valuation
Additions2,246
At 31 May 242,246
Net book value
At 31 May 242,246
At 24 May 23-