Red Environmental Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05103962 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2018

FOR

RED ENVIRONMENTAL LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Stanley

SECRETARY:

M R Putwain

REGISTERED OFFICE:

Houndhill Park

Bolton Road

Rotherham

South Yorkshire

S63 7LG

REGISTERED NUMBER:

05103962 (England and Wales)

ACCOUNTANTS:

Hansons

St Oswald House

St Oswald Street

Castleford

West Yorkshire

WF10 1DH

FIXED ASSETS

Tangible assets

4

-

654,252

CURRENT ASSETS

Debtors

28,313

46,981

Cash at bank and in hand

9,738

11,987

38,051

58,968

CREDITORS

Amounts falling due within one year

59,299

762,115

NET CURRENT LIABILITIES

(21,248

)

(703,147

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(21,248

)

(48,895

)

PROVISIONS FOR LIABILITIES

39,546

39,546

NET LIABILITIES

(60,794

)

(88,441

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(60,894

)

(88,541

)

SHAREHOLDERS' FUNDS

(60,794

)

(88,441

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st July 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 30th April 2019 and were signed by:

M Stanley - Director

1.	STATUTORY INFORMATION

Red Environmental Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Plant and machinery etc

-

33% on cost, 25% on cost and 2% on cost

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted

or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

Amounts recoverable on contracts

Amounts recoverable on contracts, which are included in debtors, are stated at the value of the work done less amounts

received as progress payments on account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st August 2017

934,715

Disposals

(934,715

)

At 31st July 2018

-

DEPRECIATION

At 1st August 2017

280,463

Charge for year

5,120

Eliminated on disposal

(285,583

)

At 31st July 2018

-

NET BOOK VALUE

At 31st July 2018

-

At 31st July 2017

654,252

5.	RELATED PARTY DISCLOSURES

During the year the company traded with Empire Tapes PLC, a limited company in which Mr M Stanley and Mr D Sherriff

are both directors.

The details are as follows:

Related Party

2018

2017

£

£

Empire Tapes PLC

Sales

0

654,660

Purchases

40,850

37,889

Recharges

637,956

989,736

Trade creditor

50,246

92,804

Trade debtor

-

-

Loan

3,057

641,187

Creditors include a balance of 0 (2017- £11,595) due to director of the company: Mr D. Kershaw. No interest is charged to

the company in respect of this amount and there have been no fixed terms for repayment.