RED SQUIRREL SHOP LTD


Directors	WANG, Peng
	XU, Zhi


Registered Address	Unit 25 Bourne Industrial Park, Bourne Road
	Crayford
	Dartford
	DA1 4BZ


Registered Number	11009925 (England and Wales)

Balance Sheet as at
31 October 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		18,097		24,897
			18,097		24,897
Current assets
Stocks	4	76,276		97,146
Debtors	5	36,144		35,478
Cash at bank and on hand		29,179		38,280
		141,599		170,904
Creditors amounts falling due within one year	6	(58,045)		(96,427)
Net current assets (liabilities)			83,554		74,477
Total assets less current liabilities			101,651		99,374
Net assets			101,651		99,374
Capital and reserves
Called up share capital			100		100
Profit and loss account			101,551		99,274
Shareholders' funds			101,651		99,374

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 1 April 2025, and are signed on its behalf by:

WANG, Peng
Director
Registered Company No. 11009925

RED SQUIRREL SHOP LTD

Notes to the Financial Statements
for the year ended 31 October 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	5
	Vehicles	5
	Office Equipment	5

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2024		2023
	Average number of employees during the year	6		6

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 November 23	20,467	18,994	4,689	44,150
Additions	-	-	2,536	2,536
At 31 October 24	20,467	18,994	7,225	46,686
Depreciation and impairment
At 01 November 23	12,521	4,164	2,568	19,253
Charge for year	4,093	3,798	1,445	9,336
At 31 October 24	16,614	7,962	4,013	28,589
Net book value
At 31 October 24	3,853	11,032	3,212	18,097
At 31 October 23	7,946	14,830	2,121	24,897

4.	Stocks

	2024	2023
	£	£
Other stocks	76,276	97,146
Total	76,276	97,146

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	36	-
Other debtors	30,559	29,799
Prepayments and accrued income	5,549	5,679
Total	36,144	35,478

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	83	-
Bank borrowings and overdrafts	15,833	25,833
Taxation and social security	2,129	10,593
Other creditors	40,000	60,001
Total	58,045	96,427