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Company Registration No. 14208058 (England and Wales)
Red Lion Hernhill Ltd Unaudited accounts for the year ended 31 July 2024
Red Lion Hernhill Ltd Unaudited accounts Contents
Page
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Red Lion Hernhill Ltd Company Information for the year ended 31 July 2024
Directors
Mr Simon North Mrs Emma North
Company Number
14208058 (England and Wales)
Registered Office
RED LION CROCKHAM LANE HERNHILL FAVERSHAM ME13 9TU ENGLAND
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Red Lion Hernhill Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
53,918 
51,291 
Current assets
Inventories
13,671 
7,171 
Debtors
90 
100 
Cash at bank and in hand
22,893 
24,098 
36,654 
31,369 
Creditors: amounts falling due within one year
(35,392)
(30,462)
Net current assets
1,262 
907 
Total assets less current liabilities
55,180 
52,198 
Provisions for liabilities
Deferred tax
(2,962)
(2,962)
Net assets
52,218 
49,236 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
52,118 
49,136 
Shareholders' funds
52,218 
49,236 
For the year ending 31 July 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 April 2025 and were signed on its behalf by
Mr Simon North Director Company Registration No. 14208058
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Red Lion Hernhill Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Red Lion Hernhill Ltd is a private company, limited by shares, registered in England and Wales, registration number 14208058. The registered office is RED LION CROCKHAM LANE, HERNHILL, FAVERSHAM, ME13 9TU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% SL
Fixtures & fittings
20% SL
Computer equipment
33.33% SL
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Red Lion Hernhill Ltd Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2023
1,037 
5,417 
58,170 
- 
64,624 
Additions
- 
- 
14,922 
2,276 
17,198 
At 31 July 2024
1,037 
5,417 
73,092 
2,276 
81,822 
Depreciation
At 1 August 2023
345 
1,354 
11,634 
- 
13,333 
Charge for the year
345 
1,354 
12,181 
691 
14,571 
At 31 July 2024
690 
2,708 
23,815 
691 
27,904 
Net book value
At 31 July 2024
347 
2,709 
49,277 
1,585 
53,918 
At 31 July 2023
692 
4,063 
46,536 
- 
51,291 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
90 
100 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
19,716 
13,987 
Trade creditors
13,269 
14,980 
Taxes and social security
2,407 
1,478 
Other creditors
- 
17 
35,392 
30,462 
7
Average number of employees
During the year the average number of employees was 15 (2023: 10).
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