IRIS Accounts Production v25.1.0.734 05549673 director 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh055496732023-08-31055496732024-08-31055496732023-09-012024-08-31055496732022-08-31055496732022-09-012023-08-31055496732023-08-3105549673ns15:EnglandWales2023-09-012024-08-3105549673ns14:PoundSterling2023-09-012024-08-3105549673ns10:Director12023-09-012024-08-3105549673ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3105549673ns10:SmallEntities2023-09-012024-08-3105549673ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3105549673ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3105549673ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3105549673ns10:FullAccounts2023-09-012024-08-3105549673ns10:RegisteredOffice2023-09-012024-08-3105549673ns5:CurrentFinancialInstruments2024-08-3105549673ns5:CurrentFinancialInstruments2023-08-3105549673ns5:Non-currentFinancialInstruments2024-08-3105549673ns5:Non-currentFinancialInstruments2023-08-3105549673ns5:ShareCapital2024-08-3105549673ns5:ShareCapital2023-08-3105549673ns5:RetainedEarningsAccumulatedLosses2024-08-3105549673ns5:RetainedEarningsAccumulatedLosses2023-08-3105549673ns5:PlantMachinery2023-08-3105549673ns5:PlantMachinery2023-09-012024-08-3105549673ns5:PlantMachinery2024-08-3105549673ns5:PlantMachinery2023-08-3105549673ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3105549673ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31055496731ns10:Director12023-08-31055496731ns10:Director12022-08-31055496731ns10:Director12023-09-012024-08-31055496731ns10:Director12022-09-012023-08-31055496731ns10:Director12024-08-31055496731ns10:Director12023-08-31
REGISTERED NUMBER: 05549673 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Redline Performance Training Limited

Redline Performance Training Limited (Registered number: 05549673)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Redline Performance Training Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: N J Constable





REGISTERED OFFICE: Unit 4 Lake House
Liphook Road
Haslemere
Surrey
GU27 1NL





REGISTERED NUMBER: 05549673 (England and Wales)





ACCOUNTANTS: Blackwood Futcher & Co.
Chartered Accountants
9 St George's Yard
Farnham
Surrey
GU9 7LW

Redline Performance Training Limited (Registered number: 05549673)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,462 2,630

CURRENT ASSETS
Debtors 5 67,249 33,637
Cash at bank 16 12,927
67,265 46,564
CREDITORS
Amounts falling due within one year 6 40,958 40,206
NET CURRENT ASSETS 26,307 6,358
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,769

8,988

CREDITORS
Amounts falling due after more than one
year

7

(5,112

)

(7,777

)

PROVISIONS FOR LIABILITIES (468 ) (500 )
NET ASSETS 23,189 711

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 23,185 707
SHAREHOLDERS' FUNDS 23,189 711

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 January 2025 and were signed by:





N J Constable - Director


Redline Performance Training Limited (Registered number: 05549673)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Redline Performance Training Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable of the company marketing and training activities and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity.

Tangible fixed assets
Tangible fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows:

Computer equipment - 25% on cost

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in profit or loss.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Redline Performance Training Limited (Registered number: 05549673)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
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 assessments in periods different from those in which they are 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.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 14,853
Additions 728
Disposals (11,416 )
At 31 August 2024 4,165
DEPRECIATION
At 1 September 2023 12,223
Charge for year 896
Eliminated on disposal (11,416 )
At 31 August 2024 1,703
NET BOOK VALUE
At 31 August 2024 2,462
At 31 August 2023 2,630

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 11,700 -
Other debtors 55,549 33,637
67,249 33,637

Redline Performance Training Limited (Registered number: 05549673)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 3,892 3,889
Trade creditors - 79
Taxation and social security 34,483 34,786
Other creditors 2,583 1,452
40,958 40,206

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 5,112 7,777

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
N J Constable
Balance outstanding at start of year 33,637 13,629
Amounts advanced 62,473 62,341
Amounts repaid (41,232 ) (42,333 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 54,878 33,637

The maximum amount outstanding during the year and due to the company was £61,482 (2023 - £54,805). No interest was paid during the year on this balance.