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Registered number: 12596305
Redmondhewitt Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Deans
Gibson House Hurricane Court
Hurricane Close
Stafford
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12596305
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 39,785 29,249
39,785 29,249
CURRENT ASSETS
Stocks 5 6,500 5,000
Debtors 6 5,425 3,933
Cash at bank and in hand 11,443 5,837
23,368 14,770
Creditors: Amounts Falling Due Within One Year 7 (37,570 ) (38,580 )
NET CURRENT ASSETS (LIABILITIES) (14,202 ) (23,810 )
TOTAL ASSETS LESS CURRENT LIABILITIES 25,583 5,439
Creditors: Amounts Falling Due After More Than One Year 8 (17,250 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,104 ) (5,141 )
NET ASSETS 229 298
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 227 296
SHAREHOLDERS' FUNDS 229 298
Page 1
Page 2
For the 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.
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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M J Redmond
Director
27 February 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Redmondhewitt Ltd is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of 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.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.  The policies adopted for the recognition of turnover are as follows:
Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from carpentry and joinery is recognised by reference to the stage of completion at the balance sheet date.  Stage of completion is measured by reference to the date the service is provided.
Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses that are recoverable. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Plant & Machinery 15% on cost
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 15% on cost
Computer Equipment Straight line over 3 years
2.4. Leasing and Hire Purchase Contracts
Assets acquired under hire purchase contracts are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset.  The related obligations, net of future finance charges, are included in creditors.
Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
2.5. Stocks and Work in Progress
Stocks and work in progress are stated at the lower of cost and estimated selling price less costs to complete and sell.  Cost includes all cost of purchase, cost of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula.  Provision is made for damaged, obsolete and slow-moving stock where appropriate.
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2.6. Taxation
Taxation for the year comprises current and deferred tax.  Tax is recognised in the Profit and Loss Account, 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 assesments in periods different from those in which they aare 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.
2.7. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2023 9,666 18,500 6,249 2,892 37,307
Additions - 23,995 - 274 24,269
As at 31 May 2024 9,666 42,495 6,249 3,166 61,576
Depreciation
As at 1 June 2023 3,692 - 2,735 1,631 8,058
Provided during the period 1,450 10,624 938 721 13,733
As at 31 May 2024 5,142 10,624 3,673 2,352 21,791
Net Book Value
As at 31 May 2024 4,524 31,871 2,576 814 39,785
As at 1 June 2023 5,974 18,500 3,514 1,261 29,249
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 17,996 -
Page 4
Page 5
5. Stocks
2024 2023
£ £
Stock 6,500 5,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 780 -
Prepayments and accrued income 873 161
Other debtors 3,772 3,772
5,425 3,933
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,265 -
Trade creditors 2,994 1,834
Corporation tax 16,310 10,608
VAT 2,703 2,872
Accruals and deferred income 2,250 3,672
Directors' loan accounts 11,048 19,594
37,570 38,580
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 17,250 -
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 19,515 -
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,265 -
Later than one year and not later than five years 17,250 -
19,515 -
19,515 -
Page 5
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11. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.00 each 2 2
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 10,500 9,489
Later than one year and not later than five years 16,925 16,335
27,425 25,824
Page 6