Registered number
09232458
Redgwick Industries Ltd
Filleted Accounts
30 September 2024
Redgwick Industries Ltd
Registered number: 09232458
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 263,762 265,310
Current assets
Debtors 4 33,345 80,948
Cash at bank and in hand 410,800 464,886
444,145 545,834
Creditors: amounts falling due within one year 5 (71,697) (43,409)
Net current assets 372,448 502,425
Total assets less current liabilities 636,210 767,735
Provisions for liabilities (6,612) (5,918)
Net assets 629,598 761,817
Capital and reserves
Called up share capital 151 205
Profit and loss account 629,447 761,612
Shareholders' funds 629,598 761,817
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Matthew Redgwick
Director
Approved by the board on 18 June 2025
Redgwick Industries Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Motor vehicles 20% RBM
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 October 2023 260,153 57,920 7,000 325,073
Additions - 679 17,718 18,397
At 30 September 2024 260,153 58,599 24,718 343,470
Depreciation
At 1 October 2023 25,989 26,774 7,000 59,763
Charge for the year 5,203 11,198 3,544 19,945
At 30 September 2024 31,192 37,972 10,544 79,708
Net book value
At 30 September 2024 228,961 20,627 14,174 263,762
At 30 September 2023 234,164 31,146 - 265,310
4 Debtors 2024 2023
£ £
Trade debtors 14,209 7,728
Other debtors 19,136 73,220
33,345 80,948
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 125 867
Taxation and social security costs 69,017 40,067
Other creditors 2,555 2,475
71,697 43,409
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
James Redgwick
Directors Loan Account (25,201) (24,928) 38,952 (11,177)
John Redgwick
Directors Loan Account (11,278) (25,023) 38,116 1,815
Matthew Redgwick
Directors Loan Account (12,691) (25,247) 34,440 (3,498)
(49,170) (75,198) 111,508 (12,860)
7 Controlling party
The company was under the control of the Directors throughout the period by virtue of their shareholdings.
8 Other information
Redgwick Industries Ltd is a private company limited by shares and incorporated in England. Its registered office is:
201 Henhurst Hill
Burton-On-Trent
Staffordshire
DE13 9SX
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