COMPANY REGISTRATION NUMBER:
SC775638
|
THE REDUNDANCY LADY LIMITED |
|
|
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
|
THE REDUNDANCY LADY LIMITED |
|
|
STATEMENT OF FINANCIAL POSITION |
|
31 July 2025
Current assets
|
Debtors |
4 |
– |
|
1 |
|
|
Cash at bank and in hand |
12 |
|
– |
|
|
---- |
|
---- |
|
|
12 |
|
1 |
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year |
5 |
(
867) |
|
– |
|
|
---- |
|
---- |
|
|
Net current (liabilities)/assets |
|
(
855) |
|
1 |
|
|
---- |
|
---- |
|
Total assets less current liabilities |
|
(
855) |
|
1 |
|
|
---- |
|
---- |
|
Net (liabilities)/assets |
|
(
855) |
|
1 |
|
|
---- |
|
---- |
|
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
1 |
|
1 |
|
Profit and loss account |
|
(
856) |
|
– |
|
|
---- |
|
---- |
|
Shareholders (deficit)/funds |
|
(
855) |
|
1 |
|
|
---- |
|
---- |
|
|
|
|
|
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 comprehensive income has not been delivered.
For the year ending 31 July 2025 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
THE REDUNDANCY LADY LIMITED |
|
|
STATEMENT OF FINANCIAL POSITION (continued) |
|
31 July 2025
These financial statements were approved by the
board of directors
and authorised for issue on
23 April 2026
, and are signed on behalf of the board by:
Company registration number:
SC775638
|
THE REDUNDANCY LADY LIMITED |
|
|
NOTES TO THE FINANCIAL STATEMENTS |
|
YEAR ENDED 31 JULY 2025
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Barras Lea Kirkton Road, Dumfries, Dumfriesshire, DG1 1SH.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
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. The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:
Income tax
The taxation expense represents the aggregate amount of current 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.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Other debtors |
– |
1 |
|
---- |
---- |
|
|
|
5.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Other creditors |
867 |
– |
|
---- |
---- |
|
|
|
6.
Director's advances, credits and guarantees
No transactions with directors were undertaken sucah as required to be disclosed under Section 1A.