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REGISTERED NUMBER: 08548377 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

RED ROSE MECHANICAL SERVICES LTD

RED ROSE MECHANICAL SERVICES LTD (Registered number: 08548377)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RED ROSE MECHANICAL SERVICES LTD

Company Information
for the Year Ended 31 May 2024







DIRECTOR: S May





REGISTERED OFFICE: 130 Bournemouth Road
Chandlers Ford
Eastleigh
Hampshire
SO53 3AL





REGISTERED NUMBER: 08548377 (England and Wales)





ACCOUNTANTS: CBM Accountants Limited
130 Bournemouth Road
Chandler's Ford
Eastleigh
Hampshire
SO53 3AL

RED ROSE MECHANICAL SERVICES LTD (Registered number: 08548377)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,817 8,939

CURRENT ASSETS
Stocks 9,862 4,200
Debtors 5 170,211 99,548
Cash at bank 53,283 52,590
233,356 156,338
CREDITORS
Amounts falling due within one year 6 59,662 39,619
NET CURRENT ASSETS 173,694 116,719
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,511

125,658

CREDITORS
Amounts falling due after more than one
year

7

(14,585

)

(18,996

)

PROVISIONS FOR LIABILITIES (1,059 ) (1,698 )
NET ASSETS 162,867 104,964

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 162,767 104,864
SHAREHOLDERS' FUNDS 162,867 104,964

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

RED ROSE MECHANICAL SERVICES LTD (Registered number: 08548377)

Balance Sheet - continued
31 May 2024


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.

The financial statements were approved by the director and authorised for issue on 23 February 2025 and were signed by:





S May - Director


RED ROSE MECHANICAL SERVICES LTD (Registered number: 08548377)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

RED ROSE MECHANICAL SERVICES LTD 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.
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

RED ROSE MECHANICAL SERVICES LTD (Registered number: 08548377)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 4,245 22,395 3,902 30,542
DEPRECIATION
At 1 June 2023 4,245 13,608 3,750 21,603
Charge for year - 3,979 143 4,122
At 31 May 2024 4,245 17,587 3,893 25,725
NET BOOK VALUE
At 31 May 2024 - 4,808 9 4,817
At 31 May 2023 - 8,787 152 8,939

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 106,544 14,933
Other debtors 400 400
Tax 63,267 84,215
170,211 99,548

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,000 7,000
Trade creditors 14,585 7,259
Tax 27,204 20,948
Social security and other taxes 6,719 (5,451 )
VAT 2,685 8,460
Directors' current accounts 2 1
Accrued expenses 1,467 1,402
59,662 39,619

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 14,585 18,996