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REGISTERED NUMBER: SC258294 (Scotland)












Financial Statements

for the Year Ended 31 December 2024

for

Red Mosquito Limited

Red Mosquito Limited (Registered number: SC258294)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Red Mosquito Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: N A Rowney
D J Smith
A H Stark





REGISTERED OFFICE: 21 Panorama Business Village
Blairtummock Place
Glasgow
G33 4EN





REGISTERED NUMBER: SC258294 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

Red Mosquito Limited (Registered number: SC258294)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 3 11,934 26,372

CURRENT ASSETS
Debtors 4 288,198 324,015
Cash at bank and in hand 335,903 436,403
624,101 760,418
CREDITORS
Amounts falling due within one year 5 344,940 380,270
NET CURRENT ASSETS 279,161 380,148
TOTAL ASSETS LESS CURRENT
LIABILITIES

291,095

406,520

PROVISIONS FOR LIABILITIES 2,778 7,132
NET ASSETS 288,317 399,388

CAPITAL AND RESERVES
Called up share capital 2,850 2,850
Capital redemption reserve 150 150
Retained earnings 285,317 396,388
SHAREHOLDERS' FUNDS 288,317 399,388

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Mosquito Limited (Registered number: SC258294)

Balance Sheet - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:





N A Rowney - Director


Red Mosquito Limited (Registered number: SC258294)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. 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.

Going concern
The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Revenue represents the amounts derived from the provision of goods and services, excluding value added tax and trade discounts.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work
done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

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.

Red Mosquito Limited (Registered number: SC258294)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

1. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Impairment of fixed assets
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 21 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 13,003 57,738 70,741
Additions - 536 536
Disposals (7,435 ) (28,406 ) (35,841 )
At 31 December 2024 5,568 29,868 35,436
DEPRECIATION
At 1 January 2024 10,740 33,629 44,369
Charge for year 473 3,458 3,931
Eliminated on disposal (7,114 ) (17,684 ) (24,798 )
At 31 December 2024 4,099 19,403 23,502
NET BOOK VALUE
At 31 December 2024 1,469 10,465 11,934
At 31 December 2023 2,263 24,109 26,372

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 277,840 309,975
Other debtors 10,358 14,040
288,198 324,015

Red Mosquito Limited (Registered number: SC258294)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,931 1,073
Trade creditors 38,313 70,778
Taxation and social security 154,232 169,157
Other creditors 147,464 139,262
344,940 380,270