Redstripe Environmental Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03159001

REDSTRIPE ENVIRONMENTAL LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

REDSTRIPE ENVIRONMENTAL LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		14,834		11,405

CURRENT ASSETS

Debtors	6	96,540	63,756
Cash at bank and in hand		4,894	14,133
		---------	--------
		101,434	77,889

CREDITORS: amounts falling due within one year	7	314,579		281,883
		---------		---------
NET CURRENT LIABILITIES			213,145		203,994
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 198,311)		( 192,589)
			---------		---------
NET LIABILITIES			( 198,311)		( 192,589)
			---------		---------

CAPITAL AND RESERVES

Called up share capital	102	102
Profit and loss account	( 198,413)	( 192,691)
	---------	---------
SHAREHOLDERS DEFICIT	( 198,311)	( 192,589)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

REDSTRIPE ENVIRONMENTAL LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 25 September 2025 , and are signed on behalf of the board by:

Mr I Rhodes
Director

Company registration number: 03159001

REDSTRIPE ENVIRONMENTAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House, 1 Kings Court, Kettering Parkway, Kettering, NN15 6WJ.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company currently meets its daily working capital requirements through operating revenues, banking facilities and financial support from the director (Other Creditors). On this basis, the director considers it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover represents the amount derived from the provision of goods and services within the company's ordinary activities after deduction of value added tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold improvements	-	15% reducing balance
Plant and machinery	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Office equipment	-	25% reducing balance

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 3 (2023: 2 ).

5. TANGIBLE ASSETS

	Long leasehold property	Plant and machinery	Office equipment	Total
	£	£	£	£
Cost
At 1 January 2024	75,978	5,901	9,057	90,936
Additions	5,471	–	–	5,471
	--------	-------	-------	--------
At 31 December 2024	81,449	5,901	9,057	96,407
	--------	-------	-------	--------
Depreciation
At 1 January 2024	67,194	4,654	7,683	79,531
Charge for the year	1,386	313	343	2,042
	--------	-------	-------	--------
At 31 December 2024	68,580	4,967	8,026	81,573
	--------	-------	-------	--------
Carrying amount
At 31 December 2024	12,869	934	1,031	14,834
	--------	-------	-------	--------
At 31 December 2023	8,784	1,247	1,374	11,405
	--------	-------	-------	--------

6. DEBTORS

	2024	2023
	£	£
Trade debtors	70,368	40,790
Other debtors	26,172	22,966
	--------	--------
	96,540	63,756
	--------	--------

7. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	53,092	39,071
Social security and other taxes	22,373	19,564
Other creditors	239,114	223,248
	---------	---------
	314,579	281,883
	---------	---------

8. GOING CONCERN

The director has considered the period to 30 September 2026 when assessing the company's ability to continue as a going concern. It is believed that the company will be able to satisfy it's liabilities as these become payable.