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REGISTERED NUMBER: 10839880 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Redcart Project Services Ltd

Redcart Project Services Ltd (Registered number: 10839880)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Redcart Project Services Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mrs A J Redfern



REGISTERED OFFICE: Summerwell House
Parton Road
Churchdown
Gloucester
GL3 2JH



REGISTERED NUMBER: 10839880 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Cater Allen
9 Nelson Street
Bradford
BD1 5AN

Redcart Project Services Ltd (Registered number: 10839880)

Statement of Financial Position
31 July 2024

31/7/24 31/7/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 31,983 -

CURRENT ASSETS
Debtors 5 30,315 6,021
Cash at bank 90,217 98,307
120,532 104,328
CREDITORS
Amounts falling due within one year 6 32,408 25,758
NET CURRENT ASSETS 88,124 78,570
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,107

78,570

CREDITORS
Amounts falling due after more than one
year

7

(24,601

)

-

PROVISIONS FOR LIABILITIES (1,353 ) -
NET ASSETS 94,153 78,570

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 94,152 78,569
SHAREHOLDERS' FUNDS 94,153 78,570

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

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

The director acknowledges her 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.

Redcart Project Services Ltd (Registered number: 10839880)

Statement of Financial Position - continued
31 July 2024


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 25 April 2025 and were signed by:





Mrs A J Redfern - Director


Redcart Project Services Ltd (Registered number: 10839880)

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


1. STATUTORY INFORMATION

Redcart Project Services Ltd 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Redcart Project Services Ltd (Registered number: 10839880)

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


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 August 2023 - 1,551 1,551
Additions 31,983 999 32,982
Disposals - (200 ) (200 )
At 31 July 2024 31,983 2,350 34,333
Depreciation
At 1 August 2023 - 1,551 1,551
Charge for year 666 333 999
Eliminated on disposal - (200 ) (200 )
At 31 July 2024 666 1,684 2,350
Net book value
At 31 July 2024 31,317 666 31,983
At 31 July 2023 - - -

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
Additions 31,983
At 31 July 2024 31,983
Depreciation
Charge for year 666
At 31 July 2024 666
Net book value
At 31 July 2024 31,317

Redcart Project Services Ltd (Registered number: 10839880)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Trade debtors 29,605 -
Other debtors 710 6,021
30,315 6,021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Hire purchase contracts (see note 8) 2,132 -
Trade creditors - 47
Taxation and social security 26,917 22,089
Other creditors 3,359 3,622
32,408 25,758

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/24 31/7/23
£    £   
Hire purchase contracts (see note 8) 24,601 -

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31/7/24 31/7/23
£    £   
Net obligations repayable:
Within one year 2,132 -
Between one and five years 24,601 -
26,733 -

Non-cancellable operating leases
31/7/24 31/7/23
£    £   
Within one year - 6,589