RED SUPPLIES LIMITED

RED SUPPLIES LIMITED

RED SUPPLIES LIMITED - Company Information

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RED SUPPLIES LIMITED

Company Registration Number:
11872956 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2020

Period of accounts

Start date: 11 March 2019

End date: 31 March 2020

RED SUPPLIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2020

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

RED SUPPLIES LIMITED

Profit And Loss Account

for the Period Ended 31 March 2020

13 months to 31 March 2020


£
Turnover: 1,398,547
Cost of sales: ( 898,704 )
Gross profit(or loss): 499,843
Distribution costs: ( 42,548 )
Administrative expenses: ( 309,854 )
Operating profit(or loss): 147,441
Profit(or loss) before tax: 147,441
Tax: ( 28,014 )
Profit(or loss) for the financial year: 119,427

RED SUPPLIES LIMITED

Balance sheet

As at 31 March 2020

Notes 13 months to 31 March 2020


£
Fixed assets
Tangible assets: 3 38,947
Total fixed assets: 38,947
Current assets
Stocks: 4 88,395
Debtors: 5 105,478
Cash at bank and in hand: 41,353
Total current assets: 235,226
Creditors: amounts falling due within one year: 6 ( 154,745 )
Net current assets (liabilities): 80,481
Total assets less current liabilities: 119,428
Total net assets (liabilities): 119,428
Capital and reserves
Called up share capital: 1
Profit and loss account: 119,427
Total Shareholders' funds: 119,428

The notes form part of these financial statements

RED SUPPLIES LIMITED

Balance sheet statements

For the year ending 31 March 2020 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 24 February 2021
and signed on behalf of the board by:

Name: LOUISE GRAY
Status: Director

The notes form part of these financial statements

RED SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

RED SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

  • 2. Employees

    13 months to 31 March 2020
    Average number of employees during the period 4

RED SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 9,584 2,514 21,085 14,145 47,328
Disposals
Revaluations
Transfers
At 31 March 2020 9,584 2,514 21,085 14,145 47,328
Depreciation
Charge for year 958 377 4,217 2,829 8,381
On disposals
Other adjustments
At 31 March 2020 958 377 4,217 2,829 8,381
Net book value
At 31 March 2020 8,626 2,137 16,868 11,316 38,947

RED SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

4. Stocks

13 months to 31 March 2020
£
Stocks 88,395
Total 88,395

RED SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

5. Debtors

13 months to 31 March 2020
£
Trade debtors 105,478
Total 105,478

RED SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

6. Creditors: amounts falling due within one year note

13 months to 31 March 2020
£
Trade creditors 126,731
Taxation and social security 28,014
Total 154,745