Redbot Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09891017 (England and Wales)

Financial Statements for the Period 1 December 2020 to 31 March 2022

for

Redbot Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L A Hall

REGISTERED OFFICE:

4 Reading Road

Pangbourne

Berkshire

RG8 7LY

REGISTERED NUMBER:

09891017 (England and Wales)

ACCOUNTANTS:

Geoffrey Cole & Co

4 Reading Road

Pangbourne

Reading

Berkshire

RG8 7LY

FIXED ASSETS

Tangible assets

4

1,282

-

CURRENT ASSETS

Debtors

5

26,233

19,281

Cash at bank and in hand

19,692

24,652

45,925

43,933

CREDITORS

Amounts falling due within one year

6

31,390

43,917

NET CURRENT ASSETS

14,535

16

TOTAL ASSETS LESS CURRENT LIABILITIES

15,817

16

CREDITORS

Amounts falling due after more than one year

7

(10,058

)

-

PROVISIONS FOR LIABILITIES

(320

)

-

NET ASSETS

5,439

16

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

5,436

13

5,439

16

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2022 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 28 July 2022 and were signed by:

L A Hall - Director

1.	STATUTORY INFORMATION

Redbot 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.

As stated in notes, the director has reviewed the impact of COVID-19 on the operations and financial position of the company and has a reasonable expectation that the company has adequate resources to continue to adopt the going concern basis of accounting in preparing the financial statements.

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

-

25% on cost

Taxation

Taxation for the period 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 period 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.

Covid-19

At the balance sheet date and of the approval of these financial statements the COVID-19 pandemic is having a significant detrimental impact on social and financial economies of the world. The impact of COVID-19 and the measures the UK Government have announced are likely to have an impact on the operations of the company and its customers for the forthcoming period. The duration of the measures announced to tackle the COVID-19 pandemic has not been defined and there is considerable uncertainty in measuring the potential impact of the measures on the company. These factors and any future policy by the UK Government are largely outside the control of the company's director, but could impact the company.

Accordingly, the financial statements are prepared on a going concern basis, under which assets are recovered and liabilities repaid in the ordinary course of business. The accompanying financial statements do not include adjustments that would need to be made in the case the company was unable to continue as a going concern should the assumptions referred to above subsequently provide to be invalid.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

2,380

At 31 March 2022

2,380

DEPRECIATION

Charge for period

1,098

At 31 March 2022

1,098

NET BOOK VALUE

At 31 March 2022

1,282

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2020

£

£

Trade debtors

21,065

14,106

Other debtors

5,168

5,175

26,233

19,281

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2020

£

£

Bank loans and overdrafts

3,408

15,022

Taxation and social security

17,821

22,894

Other creditors

10,161

6,001

31,390

43,917

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2020

£

£

Bank loans

10,058

-

8.	RELATED PARTY DISCLOSURES

As at 31 May 2022, L Hall owed the company £3,595.31 (2021 : £4,840.31). This loan is interest free and repayable on demand.