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Registration number: NI034796

Redrock Agencies Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Redrock Agencies Limited

(Registration number: NI034796)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

621,030

567,267

Current assets

 

Stocks

5

148,133

146,622

Debtors

6

55,739

66,134

Cash at bank and in hand

 

1,689,603

1,213,032

 

1,893,475

1,425,788

Creditors: Amounts falling due within one year

7

(586,570)

(542,077)

Net current assets

 

1,306,905

883,711

Total assets less current liabilities

 

1,927,935

1,450,978

Creditors: Amounts falling due after more than one year

7

(317,354)

(317,354)

Provisions for liabilities

(21,976)

(3,966)

Net assets

 

1,588,605

1,129,658

Capital and reserves

 

Called up share capital

8

3

3

Retained earnings

1,588,602

1,129,655

Shareholders' funds

 

1,588,605

1,129,658

For the financial year ending 30 September 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 her 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.

 

Redrock Agencies Limited

(Registration number: NI034796)
Balance Sheet as at 30 September 2024

Approved and authorised by the director on 3 December 2024
 

.........................................
Miss Oonagh Kearney
Director

 

Redrock Agencies Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 42-44 Main Street, Randalstown, Antrim, Co. Antrim, BT41 3AB.

These financial statements were authorised for issue by the director on 3 December 2024.

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.

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.

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 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.

 

Redrock Agencies Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

4% straight line basis

Fixtures, fittings and equipment

25% straight line basis

Motor vehicles

25% straight line basis

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.

Short-term debtors and creditors

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 income statement in operating expenses.

Stocks

Stock is valued at lower of cost and net realisable value.

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.

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.

 

Redrock Agencies Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

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 69 (2023 - 69).

 

Redrock Agencies Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Land and buildings
£

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 October 2023

766,868

31,385

662,479

1,460,732

Additions

-

-

86,047

86,047

Disposals

-

-

(134,610)

(134,610)

At 30 September 2024

766,868

31,385

613,916

1,412,169

Depreciation

At 1 October 2023

215,466

31,385

646,614

893,465

Charge for the year

18,275

-

10,994

29,269

Eliminated on disposal

-

-

(131,595)

(131,595)

At 30 September 2024

233,741

31,385

526,013

791,139

Carrying amount

At 30 September 2024

533,127

-

87,903

621,030

At 30 September 2023

551,402

-

15,865

567,267

5

Stocks

2024
£

2023
£

Goods for resale

148,133

146,622

6

Debtors

Current

2024
£

2023
£

Trade debtors

20,669

24,953

Prepayments

20,703

19,003

Other debtors

14,367

22,178

 

55,739

66,134

 

Redrock Agencies Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

388,621

300,206

Taxation and social security

169,013

193,965

Accruals and deferred income

21,335

44,746

Other creditors

7,601

3,160

586,570

542,077

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

3

3

3

3

       

9

Related party transactions

At the year end the Company owed the director £7,601 (2023: £3,160). No interest has been charged on amounts owing.


At the year end the Company owed its Parent Company £317,354 (2023: £317,354).
 

10

Parent and ultimate parent undertaking

The company's immediate parent is O.K.Catering (N.I.) Limited, incorporated in Northern Ireland.