RED SURVEY LIMITED

Company Registration Number:
06632266 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

RED SURVEY LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

RED SURVEY LIMITED

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 435,995 432,718
Investments:   0 0
Total fixed assets: 435,995 432,718
Current assets
Stocks: 324,493 320,042
Debtors: 4 276,285 237,533
Cash at bank and in hand: 34,857 44,037
Investments:   0 0
Total current assets: 635,635 601,612
Creditors: amounts falling due within one year: 5 (407,811) (369,528)
Net current assets (liabilities): 227,824 232,084
Total assets less current liabilities: 663,819 664,802
Creditors: amounts falling due after more than one year: 6 (150,937) (190,655)
Provision for liabilities: (94,017) (101,309)
Total net assets (liabilities): 418,865 372,838
Capital and reserves
Called up share capital: 48 48
Share premium account: 4,992 4,992
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 413,825 367,798
Shareholders funds: 418,865 372,838

The notes form part of these financial statements

RED SURVEY LIMITED

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 February 2025
and signed on behalf of the board by:

Name: R K Flood
Status: Director

The notes form part of these financial statements

RED SURVEY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised when goods have been delivered to ciustomers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets and depreciation policy

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: Land and buildings - 10% straight line Plant and machinery - 25% straight line Motor vehicles - 25% straight line Fixtures and fittings - 25% straight line Computer equipment - 25% straight line

Valuation and information policy

Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.

Other accounting policies

Leased Assets Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments. Deferred taxation Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different to those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax laws and rates. Deferred tax assets and liabilities are not discounted Pension costs The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due. Government grants Government grants in relation to tangible fixed assets are credited to the profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

RED SURVEY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 11 10

RED SURVEY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible Assets

Total
Cost £
At 01 June 2023 604,521
Additions 154,186
Disposals (115,731)
Revaluations (25,418)
Transfers 0
At 31 May 2024 617,558
Depreciation
At 01 June 2023 171,803
Charge for year 79,565
On disposals (44,387)
Other adjustments (25,418)
At 31 May 2024 181,563
Net book value
At 31 May 2024 435,995
At 31 May 2023 432,718

RED SURVEY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

RED SURVEY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

Bank loans and overdrafts - £18,182 Taxation - £110,973 HP Creditors - £110,825 Trade creditors £122,979 Loans from directors - £20,275 Other creditors - £18,351 Accruals - £6,226 Total - £407,811

RED SURVEY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Creditors: amounts falling due after more than one year note

HP creditors - £132,755 Bank loans - £18,181