Registered number
03786858
Red Raw Food, Drink and Cosmetics Ltd
Filleted Accounts
31 October 2024
Red Raw Food, Drink and Cosmetics Ltd
Registered number: 03786858
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 6,550 8,758
Current assets
Cash at bank and in hand 120,042 106,670
Creditors: amounts falling due within one year 5 (33,540) (50,677)
Net current assets 86,502 55,993
Total assets less current liabilities 93,052 64,751
Provisions for liabilities (1,245) (1,664)
Net assets 91,807 63,087
Capital and reserves
Called up share capital 152 152
Profit and loss account 91,655 62,935
Shareholders' funds 91,807 63,087
The director is 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 director acknowledges his 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.
S Appleby
Director
Approved by the board on 30 June 2025
Red Raw Food, Drink and Cosmetics Ltd
Notes to the Accounts
for the year ended 31 October 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:
Plant and machinery 25% reducing balance basis
Motor vehicles 25% reducing balance basis
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 November 2023 18,500
At 31 October 2024 18,500
Amortisation
At 1 November 2023 18,500
At 31 October 2024 18,500
Net book value
At 31 October 2024 -
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 Motor vehicles Total
£ £ £
Cost
At 1 November 2023 9,877 20,800 30,677
At 31 October 2024 9,877 20,800 30,677
Depreciation
At 1 November 2023 9,711 12,208 21,919
Charge for the year 60 2,148 2,208
At 31 October 2024 9,771 14,356 24,127
Net book value
At 31 October 2024 106 6,444 6,550
At 31 October 2023 166 8,592 8,758
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,324 -
Taxation and social security costs 9,736 21,215
Other creditors 22,480 29,462
33,540 50,677
6 Other information
Red Raw Food, Drink and Cosmetics Ltd is a private company limited by shares and incorporated in England. Its registered office is:
14 Main Street
Middleton
Market Harborough
Leicestershire
LE16 8YU
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