REDVESEV LTD

REDVESEV LTD

REDVESEV LTD - Company Information

Print Friendly Version

REDVESEV LTD

Company Registration Number:
05501353 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2020

Period of accounts

Start date: 01 January 2020

End date: 31 December 2020

REDVESEV LTD

Contents of the Financial Statements

for the Period Ended 31 December 2020

Balance sheet
Notes

REDVESEV LTD

Balance sheet

As at 31 December 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 1,256,780 1,870,656
Investments: 4 33,115 33,115
Total fixed assets: 1,289,895 1,903,771
Current assets
Stocks: 12,550 39,224
Debtors:   439,418 1,086,421
Cash at bank and in hand: 105,761 465,011
Total current assets: 557,729 1,590,656
Creditors: amounts falling due within one year:   (3,242,670) (3,668,283)
Net current assets (liabilities): (2,684,941) (2,077,627)
Total assets less current liabilities: (1,395,046) (173,856)
Creditors: amounts falling due after more than one year:   (4,020,654) (2,933,233)
Total net assets (liabilities): (5,415,700) (3,107,089)
Capital and reserves
Called up share capital: 5,867,773 5,867,773
Profit and loss account: (11,283,473) (8,974,862)
Shareholders funds: (5,415,700) (3,107,089)

The notes form part of these financial statements

REDVESEV LTD

Balance sheet statements

For the year ending 31 December 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 September 2021
and signed on behalf of the board by:

Name: Daniele Di Martino
Status: Director

The notes form part of these financial statements

REDVESEV LTD

Notes to the Financial Statements

for the Period Ended 31 December 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

REDVESEV LTD

Notes to the Financial Statements

for the Period Ended 31 December 2020

2. Employees

2020 2019
Average number of employees during the period 57 135

REDVESEV LTD

Notes to the Financial Statements

for the Period Ended 31 December 2020

3. Tangible Assets

Total
Cost £
At 01 January 2020 8,077,441
Additions 94,109
Disposals (1,393,390)
At 31 December 2020 6,778,160
Depreciation
At 01 January 2020 6,206,785
Charge for year 320,789
On disposals (1,347,994)
Other adjustments 341,800
At 31 December 2020 5,521,380
Net book value
At 31 December 2020 1,256,780
At 31 December 2019 1,870,656

REDVESEV LTD

Notes to the Financial Statements

for the Period Ended 31 December 2020

4. Fixed investments

33115