Registered number
10591857
REDSHIFT ENTERTAINMENT LTD
Filleted Accounts
31 January 2025
REDSHIFT ENTERTAINMENT LTD
Registered number: 10591857
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 25,000 37,500
Tangible assets 4 6,460 7,255
31,460 44,755
Current assets
Stocks 54,706 58,667
Debtors 5 28,455 26,919
Cash at bank and in hand 12,852 8,958
96,013 94,544
Creditors: amounts falling due within one year 6 (226,525) (172,191)
Net current liabilities (130,512) (77,647)
Total assets less current liabilities (99,052) (32,892)
Creditors: amounts falling due after more than one year 7 (19,306) (43,752)
Net liabilities (118,358) (76,644)
Capital and reserves
Called up share capital 100 100
Profit and loss account (118,458) (76,744)
Shareholders' funds (118,358) (76,644)
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.
Harrison Gustavus Edwin Jones
Director
Approved by the board on 16 June 2025
REDSHIFT ENTERTAINMENT LTD
Notes to the Accounts
for the year ended 31 January 2025
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery 25% RB Basis
Fixtures, fittings, tools and equipment 25% RB Basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 17 17
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2024 125,000
At 31 January 2025 125,000
Amortisation
At 1 February 2024 87,500
At 31 January 2025 100,000
Net book value
At 31 January 2025 25,000
At 31 January 2024 37,500
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2024 47,210
At 31 January 2025 48,568
Depreciation
At 1 February 2024 39,955
At 31 January 2025 42,108
Net book value
At 31 January 2025 6,460
At 31 January 2024 7,255
5 Debtors 2025 2024
£ £
Other debtors 28,455 26,919
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 185,218 150,817
Taxation and social security costs 18,635 15,458
Other creditors 22,672 5,916
226,525 172,191
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 19,306 43,752
8 Other information
REDSHIFT ENTERTAINMENT LTD is a private company limited by shares and incorporated in England. Its registered office is:
46 South Street
Chichester
West Sussex
United Kingdom
PO19 1DS
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