2023-12-012024-11-302024-11-30false13723863RED ON SOCKS 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RED ON SOCKS LTD

Registered Number
13723863
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

RED ON SOCKS LTD
Company Information
for the year from 1 December 2023 to 30 November 2024

Director

CHADWICK, Michael James

Registered Address

C/O Venture Finance Management, Suite 101
Cotton Exchange, Old Hall Street
Liverpool
L3 9LQ

Registered Number

13723863 (England and Wales)
RED ON SOCKS LTD
Balance Sheet as at
30 November 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors12274
Cash at bank and on hand5,19711,307
5,31911,381
Creditors amounts falling due within one year(16,521)(16,039)
Net current assets (liabilities)(11,202)(4,658)
Total assets less current liabilities(11,202)(4,658)
Net assets(11,202)(4,658)
Capital and reserves
Called up share capital11
Profit and loss account(11,203)(4,659)
Shareholders' funds(11,202)(4,658)
The financial statements were approved and authorised for issue by the Director on 23 April 2025, and are signed on its behalf by:
CHADWICK, Michael James
Director
Registered Company No. 13723863
RED ON SOCKS LTD
Notes to the Financial Statements
for the year ended 30 November 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.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
These financial statements have been prepared on a going concern basis. The director, having considered the financial position of the Company for a period of at least twelve months from the date of signing these financial statements, have no reason to believe that a material uncertainty exists that may cast doubt about the ability of the Company to continue as a going concern.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
2.Average number of employees

20242023
Average number of employees during the year11
3.Related party transactions
As at the year end, the company owed other companies under common control £16,521 (2023 - £16,038). This loan is interest free and repayable on demand.