Red Dragon Dispense Limited,Ltd - AccountsLtd - Accounts

Red Dragon Dispense Limited,Ltd - AccountsLtd - Accounts

RED DRAGON DISPENSE LTD - Company Information

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2018-09-01 02797632 2019-08-31 02797632 2018-09-01 2019-08-31 02797632 2018-08-31 02797632 2017-09-01 2018-08-31 02797632 uk-core:WithinOneYear 2018-08-31 02797632 uk-core:WithinOneYear 2019-08-31 02797632 uk-core:ShareCapital 2019-08-31 02797632 uk-core:ShareCapital 2018-08-31 02797632 uk-core:RetainedEarningsAccumulatedLosses 2019-08-31 02797632 uk-core:RetainedEarningsAccumulatedLosses 2018-08-31 02797632 uk-bus:Director1 2018-09-01 2019-08-31 02797632 uk-core:PlantMachinery 2018-09-01 2019-08-31 02797632 uk-core:CommercialMotorVehicles 2018-09-01 2019-08-31 02797632 uk-core:FurnitureFittings 2018-09-01 2019-08-31 02797632 uk-core:FurnitureFittings 2018-08-31 02797632 uk-core:CommercialMotorVehicles 2018-08-31 02797632 uk-core:PlantMachinery 2018-08-31 02797632 uk-core:PlantMachinery 2019-08-31 02797632 uk-core:CommercialMotorVehicles 2019-08-31 02797632 uk-core:FurnitureFittings 2019-08-31 iso4217:GBP xbrli:pure 02797632 uk-bus:AuditExemptWithAccountantsReport 2018-09-01 2019-08-31 02797632 uk-bus:FRS102 2018-09-01 2019-08-31 02797632 uk-bus:FullAccounts 2018-09-01 2019-08-31 02797632 uk-bus:PrivateLimitedCompanyLtd 2018-09-01 2019-08-31
Red Dragon Dispense Limited
Registered Number:02797632
For the year ended 31 August 2019
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2019
Red Dragon Dispense Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
As at 31 August 2019
Red Dragon Dispense Limited
Statement of Financial Position
Registered Number :
02797632
£
£
2018
2019
Notes
Fixed assets
Property, plant and equipment
204,373
195,100
2
204,373
195,100
Current assets
Inventories
32,806
25,243
Trade and other receivables
108,470
116,727
3
15,488
Cash and cash equivalents
71,478
213,448
156,764
Trade and other payables: amounts falling due within one year
(73,782)
(95,411)
4
82,982
118,037
Net current assets
Total assets less current liabilities
322,410
278,082
(35,000)
(33,000)
Provisions for liabilities
287,410
Net assets
245,082
Capital and reserves
Called up share capital
100
100
Retained earnings
287,310
244,982
287,410
245,082
Shareholders' funds
For the year ended 31 August 2019 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 of its financial statements for the year ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
A V Thomas Director
These financial statements were approved and authorised for issue by the Board on 31 January 2020 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 August 2019
Red Dragon Dispense Limited
Notes to the Financial Statements
Statutory Information
Red Dragon Dispense Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 02797632.
Registered address:
Unit 1-2 Terrys Cross Farm
Horn Lane
Woodmancote
Henfield, West Sussex
BN5 9SA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 '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 costs convention as modified by the revaluation of certain
assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
12.50% Straight line
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates defined contribution pension schemes for the benefit of its directors and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
2 of 4
5
For the year ended 31 August 2019
Red Dragon Dispense Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or valuation
At 01 September 2018
325,329
12,124
110,832
202,373
61,028
1,081
-
59,947
Additions
-
-
(14,592)
Disposals
(14,592)
At 31 August 2019
247,728
110,832
13,205
371,765
Provision for depreciation and impairment
At 01 September 2018
130,229
8,427
32,452
89,350
Charge for year
51,755
1,194
19,595
30,966
(14,592)
-
-
(14,592)
On disposal
At 31 August 2019
167,392
9,621
52,047
105,724
At 31 August 2019
Net book value
142,004
58,785
3,584
204,373
At 31 August 2018
113,023
78,380
3,697
195,100
3. Trade and other receivables
2018
2019
£
£
Trade debtors
109,265
101,118
Other debtors
7,462
7,352
108,470
116,727
4. Trade and other payables: amounts falling due within one year
2018
2019
£
£
Trade creditors
36,630
25,511
Amounts owed to group undertaking and undertaking in which the company
has a participating interest
-
16,000
Taxation and social security
31,392
17,175
Other creditors
27,389
15,096
95,411
73,782
5. Related party transactions
The company's ultimate parent undertaking was Green Aerospace Group Limited, incorporated in England and Wales.
3 of 4
6
For the year ended 31 August 2019
Red Dragon Dispense Limited
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 8 (2018 : 7)
4 of 4