REGISTERED NUMBER: 02989251 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

RED 14 (FOURTEEN) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Johnson

Mrs S J Johnson

SECRETARY:

G Johnson

REGISTERED OFFICE:

143 Station Road

Hampton

Middlesex

TW12 2AL

REGISTERED NUMBER:

02989251 (England and Wales)

ACCOUNTANTS:

Alvis & Company (Accountants) Limited

143 Station Road

Hampton

Middlesex

TW12 2AL

FIXED ASSETS

Tangible assets

4

6,783

11,506

CURRENT ASSETS

Stocks

174,493

486,263

Debtors

5

562,463

256,233

Cash at bank and in hand

893,880

1,130,640

1,630,836

1,873,136

CREDITORS

Amounts falling due within one year

6

(1,045,693

)

(1,310,611

)

NET CURRENT ASSETS

585,143

562,525

TOTAL ASSETS LESS CURRENT LIABILITIES

591,926

574,031

PROVISIONS FOR LIABILITIES

(1,696

)

(2,929

)

NET ASSETS

590,230

571,102

CAPITAL AND RESERVES

Called up share capital

7

350

350

Capital redemption reserve

8

600

600

Retained earnings

8

589,280

570,152

SHAREHOLDERS' FUNDS

590,230

571,102

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.

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 September 2025 and were signed on its behalf by:

G Johnson - Director

1.	STATUTORY INFORMATION

Red 14 (Fourteen) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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.

Turnover

The turnover shown in the profit & loss account represents the total amount earned by the company for services provided, excluding VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Company bicycle

-

25% on cost

Office equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Company

Office

bicycle

equipment

Totals

£

£

£

COST

At 1 January 2024

1,408

26,467

27,875

Additions

-

1,166

1,166

Disposals

-

(2,748

)

(2,748

)

At 31 December 2024

1,408

24,885

26,293

DEPRECIATION

At 1 January 2024

352

16,017

16,369

Charge for year

352

3,725

4,077

Eliminated on disposal

-

(936

)

(936

)

At 31 December 2024

704

18,806

19,510

NET BOOK VALUE

At 31 December 2024

704

6,079

6,783

At 31 December 2023

1,056

10,450

11,506

5.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

382,059

73,642

Amounts falling due after more than one year:

Other debtors

180,404

182,591

Aggregate amounts

562,463

256,233

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

144,829

19,791

Taxation and social security

145,081

178,419

Other creditors

755,783

1,112,401

1,045,693

1,310,611

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

350

Ordinary

1

350

350

8.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 January 2024

570,152

600

570,752

Profit for the year

75,528

75,528

Dividends

(56,400

)

(56,400

)

At 31 December 2024

589,280

600

589,880

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

G Johnson

Balance outstanding at start of year

145,414

141,642

Amounts advanced

779

17,403

Amounts repaid

(2,966

)

(13,631

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

143,227

145,414