The Red Vehicle Company Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06459504

The Red Vehicle Company Limited

Filleted Unaudited Financial Statements

31 December 2024

The Red Vehicle Company Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	4	50	1,400

Current assets

Stocks		50,055	51,020
Debtors	5	7,200	–
Cash at bank and in hand		13,536	25,166
		--------	--------
		70,791	76,186

Creditors: amounts falling due within one year	6	79,665	83,322
		--------	--------
Net current liabilities		8,874	7,136
		-------	-------
Total assets less current liabilities		( 8,824)	( 5,736)

Creditors: amounts falling due after more than one year	7	25,967	31,871
		--------	--------
Net liabilities		( 34,791)	( 37,607)
		--------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 34,792)	( 37,608)
	--------	--------
Shareholders deficit	( 34,791)	( 37,607)
	--------	--------

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.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

The Red Vehicle Company Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 24 September 2025 , and are signed on behalf of the board by:

Mr S C Tarling
Director

Company registration number: 06459504

The Red Vehicle Company Limited

Accounting Policies

Year ended 31 December 2024

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Revenue recognition

Turnover represents the value, net of Value Added Tax, of goods sold and services provided to customers.

Taxation

Current tax is recognised on taxable profit for the current and past periods.

Tangible assets

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

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:

Motor vehicles	-	25% straight line
Equipment	-	25% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price.

The Red Vehicle Company 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 Maiden House, Little Frieth, Henley-on-Thames, Oxon, RG9 6NU.

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. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).

4. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 January 2024 and 31 December 2024	5,400	2,650	8,050
	-------	-------	-------
Depreciation
At 1 January 2024	4,000	2,650	6,650
Charge for the year	1,350	–	1,350
	-------	-------	-------
At 31 December 2024	5,350	2,650	8,000
	-------	-------	-------
Carrying amount
At 31 December 2024	50	–	50
	-------	-------	-------
At 31 December 2023	1,400	–	1,400
	-------	-------	-------

5. Debtors

	2024	2023
	£	£
Trade debtors	7,200	–
	-------	----

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	5,904	5,904
Trade creditors	4,014	9,481
Social security and other taxes	13,730	16,631
Other creditors	56,017	51,306
	--------	--------
	79,665	83,322
	--------	--------

7. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	25,967	31,871
	--------	--------

8. Related party transactions

The company was under the control of Mr S C Tarling throughout the current and previous year.