REDSTONE STRATEGY LIMITED
REDSTONE STRATEGY LIMITED
Registered number: 08865159
Abbreviated accounts
For The Year Ended 31 January 2016
Boxwood Accounting Ltd
83 Victoria Street
London
SW1H 0HW
REDSTONE STRATEGY LIMITED
Company No. 08865159
Abbreviated Balance Sheet
31 January 2016
Abbreviated Balance Sheet
| 2016 | 2015 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 2 |
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| 53 | 105 | ||||
| CURRENT ASSETS | |||||
| Debtors |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 3 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 4 |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 5 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS |
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REDSTONE STRATEGY LIMITED
Company No. 08865159
Abbreviated Balance Sheet (continued)
31 January 2016
Directors' responsibilities:
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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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).
On behalf of the board
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REDSTONE STRATEGY LIMITED
Notes to the Abbreviated Accounts
For The Year Ended 31 January 2016
Notes to the Abbreviated Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Fixtures & Fittings |
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1.4.
Deferred Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.
Tangible Assets
| Total | |
|---|---|
| Cost | £ |
| As at |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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REDSTONE STRATEGY LIMITED
Notes to the Abbreviated Accounts (continued)
For The Year Ended 31 January 2016
3.
Creditors: Amounts Falling Due Within One Year
| 2016 | 2015 | ||
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| £ | £ | ||
| Trade creditors |
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| Bank loans and overdrafts | - | 461 | |
| Corporation tax |
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| Other taxes and social security |
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| Net wages | 883 | - | |
| Other creditors |
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| Accruals and deferred income |
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| Directors' loan accounts | 7,332 | - | |
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4.
Creditors: Amounts Falling Due After More Than One Year
| 2016 | 2015 | ||
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| £ | £ | ||
| Other creditors |
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6.
Transactions With and Loans to Directors
Stephen Lester William Blundell:
During the year the director incurred expenses in relation to using home office use and a total of £2,232 was charged to the company with regards to this.
James Moray Mclaren:
During the year the director incurred a total of £3,180 with regards to business costs and recharged to thse to company. In addition, the director incurred expenses in relation to home office use and a total of £1,920 was charged to the company with regards to this.
The above loan is unsecured, interest free and repayable on demand.
7.
Controlling Party
The company is controlled by Stephen Lester William Blundell, James Moray Mclaren, Marco Smith, and Fiona Mccambridge. by virtue of their ownership of (25%) each of the issued share capital in the company.
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