IRIS Accounts Production v25.1.4.42 07877782 director 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078777822023-12-31078777822024-12-31078777822024-01-012024-12-31078777822022-12-31078777822023-01-012023-12-31078777822023-12-3107877782ns15:EnglandWales2024-01-012024-12-3107877782ns14:PoundSterling2024-01-012024-12-3107877782ns10:Director12024-01-012024-12-3107877782ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3107877782ns10:SmallEntities2024-01-012024-12-3107877782ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3107877782ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3107877782ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3107877782ns10:FullAccounts2024-01-012024-12-3107877782ns10:RegisteredOffice2024-01-012024-12-3107877782ns5:CurrentFinancialInstruments2024-12-3107877782ns5:CurrentFinancialInstruments2023-12-3107877782ns5:ShareCapital2024-12-3107877782ns5:ShareCapital2023-12-3107877782ns5:RetainedEarningsAccumulatedLosses2024-12-3107877782ns5:RetainedEarningsAccumulatedLosses2023-12-3107877782ns5:LeaseholdImprovements2024-01-012024-12-3107877782ns5:FurnitureFittings2024-01-012024-12-3107877782ns5:ComputerEquipment2024-01-012024-12-3107877782ns5:LeaseholdImprovements2023-12-3107877782ns5:FurnitureFittings2023-12-3107877782ns5:ComputerEquipment2023-12-3107877782ns5:LeaseholdImprovements2024-12-3107877782ns5:FurnitureFittings2024-12-3107877782ns5:ComputerEquipment2024-12-3107877782ns5:LeaseholdImprovements2023-12-3107877782ns5:FurnitureFittings2023-12-3107877782ns5:ComputerEquipment2023-12-3107877782ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3107877782ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3107877782ns5:OtherRelatedPartyRelationshipType1ComponentTotalRelatedParties2024-01-012024-12-3107877782ns5:OtherRelatedPartyRelationshipType2ComponentTotalRelatedParties2024-01-012024-12-31
REGISTERED NUMBER: 07877782 (England and Wales)






















Red International Communication Limited

Unaudited Financial Statements for the Year Ended 31st December 2024






Red International Communication Limited (Registered number: 07877782)






Contents of the Financial Statements
for the year ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Red International Communication Limited

Company Information
for the year ended 31st December 2024







DIRECTOR: P R J A Farmer





REGISTERED OFFICE: Holderness House
36 Market Place
South Cave
East Yorkshire
HU15 2AT





REGISTERED NUMBER: 07877782 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Red International Communication Limited (Registered number: 07877782)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,569 7,186

CURRENT ASSETS
Debtors 5 82,284 93,290
Cash at bank and in hand 96,388 135,349
178,672 228,639
CREDITORS
Amounts falling due within one year 6 123,021 152,536
NET CURRENT ASSETS 55,651 76,103
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,220

83,289

PROVISIONS FOR LIABILITIES 3,392 1,797
NET ASSETS 65,828 81,492

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 65,728 81,392
SHAREHOLDERS' FUNDS 65,828 81,492

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

Red International Communication Limited (Registered number: 07877782)

Balance Sheet - continued
31st December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by Mr P Farmer, the director and authorised for issue on 17th June 2025 and were signed by:





P R J A Farmer - Director


Red International Communication Limited (Registered number: 07877782)

Notes to the Financial Statements
for the year ended 31st December 2024

1. STATUTORY INFORMATION

Red International Communication 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 fair value and represents the value of services provided during the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 30% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Foreign currencies
Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

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

Red International Communication Limited (Registered number: 07877782)

Notes to the Financial Statements - continued
for the year ended 31st December 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 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1st January 2024 4,527 42,833 29,773 77,133
Additions - 5,424 6,280 11,704
Disposals - (7,988 ) - (7,988 )
At 31st December 2024 4,527 40,269 36,053 80,849
DEPRECIATION
At 1st January 2024 4,527 41,403 24,017 69,947
Charge for year - 691 4,630 5,321
Eliminated on disposal - (7,988 ) - (7,988 )
At 31st December 2024 4,527 34,106 28,647 67,280
NET BOOK VALUE
At 31st December 2024 - 6,163 7,406 13,569
At 31st December 2023 - 1,430 5,756 7,186

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 64,348 64,657
Other debtors 17,936 28,633
82,284 93,290

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 44,679 67,960
Taxation and social security 26,219 27,837
Other creditors 52,123 56,739
123,021 152,536

Red International Communication Limited (Registered number: 07877782)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

7. OTHER FINANCIAL COMMITMENTS

Total operating lease commitments which are not included in the balance sheet amounted to £30,000 (2023: £60,000).

The company operates a defined contribution pension scheme for the directors and senior employees. The assets of the scheme are held separately from those of the company in an independently administered fund. Included in other creditors are amounts owed to the pension scheme totalling £782 (2023: £935).

8. RELATED PARTY DISCLOSURES

Included within other creditors is a joint loan due to P Farmer, the director, and V Farmer, a shareholder of £11,609 (2023: £35,948).