REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2023 |
for |
Redmond Group (Yorkshire) Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2023 |
for |
Redmond Group (Yorkshire) Limited |
Redmond Group (Yorkshire) Limited (Registered number: 04667250) |
Contents of the Financial Statements |
for the Year Ended 31 March 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Redmond Group (Yorkshire) Limited |
Company Information |
for the Year Ended 31 March 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Abacus House |
Pennine Business Park |
Longbow Close |
Huddersfield |
West Yorkshire |
HD2 1GQ |
Redmond Group (Yorkshire) Limited (Registered number: 04667250) |
Balance Sheet |
31 March 2023 |
31.3.23 | 31.3.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Stocks | 7 |
Debtors | 8 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 9 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
10 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 14 |
Retained earnings | 15 |
SHAREHOLDERS' FUNDS |
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. |
Redmond Group (Yorkshire) Limited (Registered number: 04667250) |
Balance Sheet - continued |
31 March 2023 |
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 |
Redmond Group (Yorkshire) Limited (Registered number: 04667250) |
Notes to the Financial Statements |
for the Year Ended 31 March 2023 |
1. | STATUTORY INFORMATION |
Redmond Group (Yorkshire) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of 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. |
Goodwill |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Short leasehold | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
Taxation for the year 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. |
Redmond Group (Yorkshire) Limited (Registered number: 04667250) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
2. | ACCOUNTING POLICIES - continued |
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 year 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 year was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 April 2022 |
and 31 March 2023 |
AMORTISATION |
At 1 April 2022 |
and 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
Redmond Group (Yorkshire) Limited (Registered number: 04667250) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Short | Plant and | and | Motor |
leasehold | machinery | fittings | vehicles | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 April 2022 |
Additions |
At 31 March 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for year |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
Included in the above are assets held on hire purchase, at the balance sheet date the net book value of the these assets was £7,201 (2022 - £9,602) and the depreciation charge in relation to these assets was £2,400 (2022 - £3,200). |
6. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 April 2022 |
and 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
7. | STOCKS |
31.3.23 | 31.3.22 |
£ | £ |
Stocks |
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Trade debtors |
Amounts owed by associates |
Other debtors |
Prepayments |
Redmond Group (Yorkshire) Limited (Registered number: 04667250) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Bank loans and overdrafts (see note 11) |
Hire purchase contracts (see note 12) |
Trade creditors |
Tax |
Social security and other tax |
Pension liability | 139 | - |
VAT | 117,521 | 162,180 |
Other creditors |
Directors' loan accounts | - | 26,606 |
Accrued expenses |
10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Bank loans (see note 11) |
11. | LOANS |
An analysis of the maturity of loans is given below: |
31.3.23 | 31.3.22 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank loans |
Amounts falling due between one and two years: |
Bank loans - 1-2 years |
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
12. | LEASING AGREEMENTS |
Minimum lease payments fall due as follows: |
Hire purchase contracts |
31.3.23 | 31.3.22 |
£ | £ |
Net obligations repayable: |
Within one year |
Redmond Group (Yorkshire) Limited (Registered number: 04667250) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
12. | LEASING AGREEMENTS - continued |
Non-cancellable |
operating leases |
31.3.23 | 31.3.22 |
£ | £ |
Within one year |
Between one and five years |
13. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.3.23 | 31.3.22 |
£ | £ |
Bank loans |
Hire purchase contracts | - | 1,265 |
14. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.23 | 31.3.22 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
15. | RESERVES |
Retained |
earnings |
£ |
At 1 April 2022 |
Profit for the year |
Dividends | ( |
) |
At 31 March 2023 |
Redmond Group (Yorkshire) Limited (Registered number: 04667250) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
16. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022: |
31.3.23 | 31.3.22 |
£ | £ |
Director 1 |
Balance outstanding at start of year | - | 10,500 |
Amounts advanced | - | 573 |
Amounts repaid | - | (11,073 | ) |
Balance outstanding at end of year | - | - |
Director 2 |
Balance outstanding at start of year | (26,606 | ) | 1,467 |
Amounts advanced | 48,464 | 11,683 |
Amounts repaid | (21,858 | ) | (39,756 | ) |
Balance outstanding at end of year | - | (26,606 | ) |
17. | RELATED PARTY DISCLOSURES |
At the balance sheet date, the company was owed £219 (2022 - £146) from Eco-Energy Renewable Solutions Limited. The director of Redmond Group (Yorkshire) Limited is also a director of Eco-Energy Renewable Solutions Limited. |
At the balance sheet date, the company was owed £194 (2022 - £121) from Redmond Heating Limited. The director of Redmond Group (Yorkshire) Limited is also a director of Redmond Heating Limited. |
At the balance sheet date, the company was owed £Nil (2022 - £25) from Redmond Homes Limited. The director of Redmond Group (Yorkshire) Limited is also a director of Redmond Homes Limited. |
At the balance sheet date, the company was owed £40 (2022 - £27) from Plumblec Supplies Limited. The director of Redmond Group (Yorkshire) Limited is also a director of Plumblec Supplies Limited. |
At the balance sheet date, the company was owed £132,681 (2022 - £90,839) from SRSM Properties Limited. The director of Redmond Group (Yorkshire) Limited is also a director of SRSM Properties Limited. |
At the balance sheet date, the company was owed £4,113 (2022 - £4,100) from IK Fire & Security Limited. The director of Redmond Group (Yorkshire) Limited is also a shareholder of IK Fire & Security Limited. |
18. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mr. S A Redmond. |