Company Registration No. 04999655 (England and Wales)
Red Light Mastering Ltd
Unaudited accounts
for the year ended 31 December 2024
Red Light Mastering Ltd
Unaudited accounts
Contents
Red Light Mastering Ltd
Company Information
for the year ended 31 December 2024
Company Number
04999655 (England and Wales)
Registered Office
Denmark House
143 High Street, Chalfont St. Peter
Gerrards Cross
Buckinghamshire
SL9 9QL
England
Accountants
A D Pottie & Co Ltd
Denmark House, 143 High St,
Chalfont St Peter,
Gerrards Cross
Buckinghamshire
SL9 9QL
Red Light Mastering Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
93,887
95,918
Cash at bank and in hand
84
1,485
Creditors: amounts falling due within one year
(334,995)
(269,035)
Net current liabilities
(243,540)
(185,145)
Total assets less current liabilities
(149,653)
(89,227)
Creditors: amounts falling due after more than one year
(60,475)
(37,546)
Net liabilities
(210,128)
(126,773)
Called up share capital
1
1
Profit and loss account
(210,129)
(126,774)
Shareholders' funds
(210,128)
(126,773)
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. 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 29 December 2025 and were signed on its behalf by
Craig Dormer
Director
Company Registration No. 04999655
Red Light Mastering Ltd
Notes to the Accounts
for the year ended 31 December 2024
Red Light Mastering Ltd is a private company, limited by shares, registered in England and Wales, registration number 04999655. The registered office is Denmark House, 143 High Street, Chalfont St. Peter, Gerrards Cross, Buckinghamshire, SL9 9QL, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Red Light Mastering Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
250,970
29,895
314,550
595,415
Additions
-
24,350
-
24,350
At 31 December 2024
250,970
54,245
314,550
619,765
At 1 January 2024
204,406
27,233
267,858
499,497
Charge for the year
11,641
5,402
9,338
26,381
At 31 December 2024
216,047
32,635
277,196
525,878
At 31 December 2024
34,923
21,610
37,354
93,887
At 31 December 2023
46,564
2,662
46,692
95,918
Amounts falling due within one year
Trade debtors
21,692
32,900
Accrued income and prepayments
26,750
27,755
Other debtors
35,500
21,750
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
20,999
39,873
Obligations under finance leases and hire purchase contracts
2,843
-
Trade creditors
36,500
8,438
Taxes and social security
388
440
Loans from directors
273,030
217,584
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
18,059
-
8
Average number of employees
During the year the average number of employees was 1 (2023: 2).