REGISTERED NUMBER: 09827204 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

RED ROSE DISCOUNT LTD

Page

Company Information

1

Balance Sheet

2

DIRECTORS:

Jagjit Singh Gurwara

Manor Singh Sabra

Jagmeet Singh Sethi

REGISTERED OFFICE:

342

Holbrook Lane

Coventry

West Midlands

CV6 4BY

REGISTERED NUMBER:

09827204 (England and Wales)

FIXED ASSETS

79,365

87,831

CURRENT ASSETS

171,508

176,220

CREDITORS

Amounts falling due within one year

(213,623

)

(220,725

)

NET CURRENT LIABILITIES

(42,115

)

(44,505

)

TOTAL ASSETS LESS CURRENT LIABILITIES

37,250

43,326

CREDITORS

Amounts falling due after more than one year

(16,520

)

(26,616

)

NET ASSETS

20,730

16,710

CAPITAL AND RESERVES

20,730

16,710

NOTES TO THE FINANCIAL STATEMENTS

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 105 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

.

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 4 (2023 - 4 ) .

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2025 and were signed on its behalf by:

Jagjit Singh Gurwara - Director