Redecol Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 10606405 (England and Wales)

Unaudited Financial Statements

for the Period 7 February 2017 to 28 February 2018

for

Redecol Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

5,494

CURRENT ASSETS

Debtors

5

81,967

Cash at bank

30,456

112,423

CREDITORS

Amounts falling due within one year

6

28,119

NET CURRENT ASSETS

84,304

TOTAL ASSETS LESS CURRENT LIABILITIES

89,798

CAPITAL AND RESERVES

Called up share capital

170,813

Share premium

483,250

Retained earnings

(564,265

)

89,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 30 April 2018 and were signed on its behalf by:

Mr Z Mursaleen - Director

1.	STATUTORY INFORMATION

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

registered number and registered office address are as below:

Registered number:

10606405

Registered office:

Sovereign House

212-224 Shaftsbury Avenue

London

WC2H 8HQ

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Website development

-

20% on cost

Computer equipment

-

20% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4.	TANGIBLE FIXED ASSETS

Website

Computer

development

equipment

Totals

£

£

£

COST

Additions

6,300

567

6,867

At 28 February 2018

6,300

567

6,867

DEPRECIATION

Charge for period

1,260

113

1,373

At 28 February 2018

1,260

113

1,373

NET BOOK VALUE

At 28 February 2018

5,040

454

5,494

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

81,967

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

17,350

Taxation and social security

5,489

Other creditors

5,280

28,119

7.	OTHER FINANCIAL COMMITMENTS

The financial commitments, which are not included in the balance sheet amount to £2,917. these financial

commitments represent the total amount of payments for a lease ending in 2018.

8.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.