Redecker Limited 10670773 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is selling brushes Digita Accounts Production Advanced 6.30.9574.0 true true 10670773 2023-06-01 2024-05-31 10670773 2024-05-31 10670773 core:CurrentFinancialInstruments 2024-05-31 10670773 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 10670773 bus:SmallEntities 2023-06-01 2024-05-31 10670773 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 10670773 bus:FullAccounts 2023-06-01 2024-05-31 10670773 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10670773 bus:RegisteredOffice 2023-06-01 2024-05-31 10670773 bus:Director1 2023-06-01 2024-05-31 10670773 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10670773 core:OtherRelatedParties 2023-06-01 2024-05-31 10670773 countries:EnglandWales 2023-06-01 2024-05-31 10670773 2022-06-01 2023-05-31 10670773 2023-05-31 10670773 core:CurrentFinancialInstruments 2023-05-31 10670773 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 10670773

Redecker Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Redecker Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Redecker Limited

Company Information

Director

Mr Hamish Nicholas Lauder

Registered office

54 High Street
Burford
Oxon
OX18 4QF

Accountants

ReesRussell LLP
Chartered Accountants
37 Market Square
Witney
Oxfordshire
OX28 6RE

 

Redecker Limited

(Registration number: 10670773)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

7,451

9,371

Debtors

5

87,383

165,393

Cash at bank and in hand

 

98,468

54,889

 

193,302

229,653

Creditors: Amounts falling due within one year

6

(86,097)

(128,540)

Net assets

 

107,205

101,113

Capital and reserves

 

Called up share capital

111

105

Share premium reserve

9,989

4,995

Retained earnings

97,105

96,013

Shareholders' funds

 

107,205

101,113

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 February 2025
 

.........................................
Mr Hamish Nicholas Lauder
Director

 

Redecker Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
54 High Street
Burford
Oxon
OX18 4QF

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Redecker Limited

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

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Redecker Limited

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

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4

Stocks

2024
£

2023
£

Other inventories

7,451

9,371

5

Debtors

Current

2024
£

2023
£

Trade debtors

15,644

94,208

Prepayments

865

916

Other debtors

70,874

70,269

 

87,383

165,393

 

Redecker Limited

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

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

46,648

94,035

Taxation and social security

16,692

25,969

Accruals and deferred income

5,310

7,083

Other creditors

17,447

1,453

86,097

128,540

7

Related party transactions

Summary of transactions with other related parties

Debenture Brokers Limited
(By virtue of common control)

At the balance sheet date Debenture Brokers Limited owed Redecker Limited £54,452 (2023 - £55,239) by way of an intercompany loan.

 
Redecker received £3,719 (2023 - £1,326) in sales from Debenture Brokers during the year