2 2 Red Squirrel Agencies Limited 12942556 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is the sale of footwear. Digita Accounts Production Advanced 6.30.9574.0 true 12942556 2023-11-01 2024-10-31 12942556 2024-10-31 12942556 core:RetainedEarningsAccumulatedLosses 2024-10-31 12942556 core:ShareCapital 2024-10-31 12942556 core:CurrentFinancialInstruments 2024-10-31 12942556 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 12942556 bus:SmallEntities 2023-11-01 2024-10-31 12942556 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 12942556 bus:AbridgedAccounts 2023-11-01 2024-10-31 12942556 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12942556 bus:RegisteredOffice 2023-11-01 2024-10-31 12942556 bus:Director1 2023-11-01 2024-10-31 12942556 bus:Director2 2023-11-01 2024-10-31 12942556 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12942556 bus:Agent1 2023-11-01 2024-10-31 12942556 core:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 12942556 core:ShareCapital 2023-11-01 2024-10-31 12942556 countries:AllCountries 2023-11-01 2024-10-31 12942556 2023-10-31 12942556 core:RetainedEarningsAccumulatedLosses 2023-10-31 12942556 core:ShareCapital 2023-10-31 12942556 2022-11-01 2023-10-31 12942556 2023-10-31 12942556 core:RetainedEarningsAccumulatedLosses 2023-10-31 12942556 core:ShareCapital 2023-10-31 12942556 core:CurrentFinancialInstruments 2023-10-31 12942556 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 12942556 core:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 12942556 core:ShareCapital 2022-11-01 2023-10-31 12942556 2022-10-31 12942556 core:RetainedEarningsAccumulatedLosses 2022-10-31 12942556 core:ShareCapital 2022-10-31 xbrli:pure iso4217:GBP

Registration number: 12942556

Red Squirrel Agencies Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 October 2024

 

Red Squirrel Agencies Limited

Contents

Company Information

1

Directors' Report

2

Statement of Directors' Responsibilities

3

Accountants' Report

4

Abridged Profit and Loss Account

5

Abridged Balance Sheet

6 to 7

Statement of Changes in Equity

8

Notes to the Unaudited Abridged Financial Statements

9 to 10

Detailed Profit and Loss Account

11 to 12

 

Red Squirrel Agencies Limited

Company Information

Directors

Mr S R Ryrie

Mrs S M Ryrie

Registered office

Calyx House
South Road
Taunton
Somerset
TA1 3DU

Accountants

Moore Scarrott Ltd Calyx House
South Road
Taunton
Somerset
TA1 3DU

 

Red Squirrel Agencies Limited

Directors' Report for the Year Ended 31 October 2024

The Directors present their report and the abridged financial statements for the year ended 31 October 2024.

Directors of the Company

The Directors who held office during the year were as follows:

Mr S R Ryrie

Mrs S M Ryrie

Principal activity

The principal activity of the Company is the sale of footwear.

Small companies provision statement

This report has 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.

Approved and authorised by the Board on 13 March 2025 and signed on its behalf by:
 


Mr S R Ryrie
Director


Mrs S M Ryrie
Director

 

Red Squirrel Agencies Limited

Statement of Directors' Responsibilities

Company law requires the Directors to prepare financial statements for each financial year. Under that law the Directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the Directors are required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Red Squirrel Agencies Limited
for the Year Ended 31 October 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Red Squirrel Agencies Limited for the year ended 31 October 2024 as set out on pages 5 to 10 from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Red Squirrel Agencies Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Red Squirrel Agencies Limited and state those matters that we have agreed to state to the Board of Directors of Red Squirrel Agencies Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Red Squirrel Agencies Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Red Squirrel Agencies Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Red Squirrel Agencies Limited. You consider that Red Squirrel Agencies Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Red Squirrel Agencies Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



Moore Scarrott Ltd
Calyx House
South Road
Taunton
Somerset
TA1 3DU

13 March 2025

 

Red Squirrel Agencies Limited

Abridged Profit and Loss Account for the Year Ended 31 October 2024

Note

2024
£

2023
£

Gross profit

 

9,925

21,686

Administrative expenses

 

(25,308)

(16,825)

Other interest receivable and similar income

 

-

35

(Loss)/profit before tax

(15,383)

4,896

Tax on (loss)/profit

 

3,396

(983)

(Loss)/profit for the financial year

 

(11,987)

3,913

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Red Squirrel Agencies Limited

(Registration number: 12942556)
Abridged Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

279

557

Current assets

 

Debtors

3,397

4,298

Cash at bank and in hand

 

20

739

 

3,417

5,037

Prepayments and accrued income

 

242

292

Creditors: Amounts falling due within one year

(14,096)

(4,057)

Net current (liabilities)/assets

 

(10,437)

1,272

Total assets less current liabilities

 

(10,158)

1,829

Accruals and deferred income

 

(1,769)

(1,769)

Net (liabilities)/assets

 

(11,927)

60

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(12,027)

(40)

Shareholders' (deficit)/funds

 

(11,927)

60

 

Red Squirrel Agencies Limited

(Registration number: 12942556)
Abridged Balance Sheet as at 31 October 2024

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

Directors' 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 Directors acknowledge their 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 13 March 2025 and signed on its behalf by:
 


Mr S R Ryrie
Director


Mrs S M Ryrie
Director

 

Red Squirrel Agencies Limited

Statement of Changes in Equity for the Year Ended 31 October 2024

Share capital
£

Retained earnings
£

Total
£

At 1 November 2023

100

(40)

60

Loss for the year

-

(11,987)

(11,987)

At 31 October 2024

100

(12,027)

(11,927)

Share capital
£

Retained earnings
£

Total
£

At 1 November 2022

100

(3,953)

(3,853)

Profit for the year

-

3,913

3,913

At 31 October 2023

100

(40)

60

 

Red Squirrel Agencies Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

1

General information

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

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the Board on 13 March 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged 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.

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 the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred 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 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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

3

Staff numbers

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

 

Red Squirrel Agencies Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Total
£

Cost or valuation

At 1 November 2023

1,115

At 31 October 2024

1,115

Depreciation

At 1 November 2023

558

Charge for the year

278

At 31 October 2024

836

Carrying amount

At 31 October 2024

279

At 31 October 2023

557

 

Red Squirrel Agencies Limited

Detailed Profit and Loss Account for the Year Ended 31 October 2024

2024
£

2023
£

Turnover (analysed below)

23,054

34,859

Cost of sales (analysed below)

(13,129)

(13,173)

Gross profit

9,925

21,686

Gross profit (%)

43.05%

62.21%

Administrative expenses

Establishment costs (analysed below)

(1,897)

(1,787)

General administrative expenses (analysed below)

(23,132)

(14,759)

Depreciation costs (analysed below)

(279)

(279)

(25,308)

(16,825)

Operating (loss)/profit

(15,383)

4,861

Other interest receivable and similar income (analysed below)

-

35

(Loss)/profit before tax

(15,383)

4,896

 

Red Squirrel Agencies Limited

Detailed Profit and Loss Account for the Year Ended 31 October 2024

2024
£

2023
£

   

Turnover

Sales

23,054

34,859

   

Cost of sales

Purchases

(80)

(80)

Directors remuneration

(13,049)

(13,093)

(13,129)

(13,173)

   

Establishment costs

Insurance

(1,021)

(911)

Use of home as office

(876)

(876)

(1,897)

(1,787)

   

General administrative expenses

Telephone and fax

(1,212)

(617)

Printing, postage and stationery

(249)

(393)

Sundry expenses

(195)

(355)

Travel and subsistence

(11,634)

(11,236)

Accountancy fees

(2,008)

(2,158)

Bad debts written off

(7,834)

-

(23,132)

(14,759)

   

Depreciation costs

Depreciation of office equipment

(279)

(279)

   

Other interest receivable and similar income

Other interest receivable

-

35