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Company Registration No. 02710067 (England and Wales)
REDSTAR TRADING LIMITED Unaudited accounts for the year ended 31 August 2024
REDSTAR TRADING LIMITED Unaudited accounts Contents
Page
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REDSTAR TRADING LIMITED Company Information for the year ended 31 August 2024
Director
Naresh Patel
Secretary
Pratima Patel
Company Number
02710067 (England and Wales)
Registered Office
3RD FLOOR VYMAN HOUSE 104 COLLEGE ROAD HARROW MIDDLESEX HA1 1BQ
Accountants
RMR Partnership LLP 3rd Floor, Vyman House 104 College Road Harrow Middlesex HA1 1BQ
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REDSTAR TRADING LIMITED Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
23,511 
27,365 
Current assets
Inventories
- 
38,000 
Debtors
460,209 
382,372 
Cash at bank and in hand
43,324 
43,247 
503,533 
463,619 
Creditors: amounts falling due within one year
(43,427)
(71,707)
Net current assets
460,106 
391,912 
Total assets less current liabilities
483,617 
419,277 
Creditors: amounts falling due after more than one year
(566,424)
(468,001)
Net liabilities
(82,807)
(48,724)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(82,809)
(48,726)
Shareholders' funds
(82,807)
(48,724)
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 August 2025 and were signed on its behalf by
Naresh Patel Director Company Registration No. 02710067
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REDSTAR TRADING LIMITED Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
REDSTAR TRADING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02710067. The registered office is 3RD FLOOR VYMAN HOUSE, 104 COLLEGE ROAD, HARROW, MIDDLESEX, HA1 1BQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Reducing balance
Fixtures & fittings
15% Reducing balance
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
7,635 
42,490 
50,125 
At 31 August 2024
7,635 
42,490 
50,125 
Depreciation
At 1 September 2023
2,626 
20,134 
22,760 
Charge for the year
501 
3,353 
3,854 
At 31 August 2024
3,127 
23,487 
26,614 
Net book value
At 31 August 2024
4,508 
19,003 
23,511 
At 31 August 2023
5,009 
22,356 
27,365 
5
Inventories
2024 
2023 
£ 
£ 
Work in progress
- 
38,000 
- 
38,000 
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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REDSTAR TRADING LIMITED Notes to the Accounts for the year ended 31 August 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
4,390 
- 
Other debtors
397,330 
376,793 
401,720 
376,793 
Amounts falling due after more than one year
Trade debtors
58,489 
5,579 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
4,181 
Trade creditors
38,812 
38,153 
Taxes and social security
(5,105)
19,653 
Accruals
9,720 
9,720 
43,427 
71,707 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
29,167 
- 
Other creditors
537,257 
468,001 
566,424 
468,001 
9
Transactions with related parties
The company was under the control of Mr Naresh Patel throughout the current and previous year. Mr Naresh Patel is the managing director.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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