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Company Registration No. 04524832 (England and Wales)
Redd Europe Limited Unaudited accounts for the year ended 31 March 2024
Redd Europe Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
47,252 
57,053 
Current assets
Debtors
108,405 
43,082 
Cash at bank and in hand
224,919 
199,076 
333,324 
242,158 
Creditors: amounts falling due within one year
(318,545)
(174,500)
Net current assets
14,779 
67,658 
Total assets less current liabilities
62,031 
124,711 
Creditors: amounts falling due after more than one year
(13,333)
(23,333)
Provisions for liabilities
Deferred tax
(5,560)
(4,113)
Net assets
43,138 
97,265 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
42,138 
96,265 
Shareholders' funds
43,138 
97,265 
For the year ending 31 March 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by
Karl J Turnbull Director Company Registration No. 04524832
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Redd Europe Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Redd Europe Limited is a private company, limited by shares, registered in England and Wales, registration number 04524832. The registered office is John O'Gaunt House, Station Road, John O'Gaunt, Melton Mowbray, Leicestershire, LE14 2RE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% straight line
Plant & machinery
10% straight line
Motor vehicles
25% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
- 3 -
Redd Europe Limited Notes to the Accounts for the year ended 31 March 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
373,771 
12,703 
93,659 
480,133 
Additions
- 
- 
10,953 
10,953 
At 31 March 2024
373,771 
12,703 
104,612 
491,086 
Depreciation
At 1 April 2023
341,015 
12,703 
69,362 
423,080 
Charge for the year
9,917 
- 
10,837 
20,754 
At 31 March 2024
350,932 
12,703 
80,199 
443,834 
Net book value
At 31 March 2024
22,839 
- 
24,413 
47,252 
At 31 March 2023
32,756 
- 
24,297 
57,053 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
25,981 
2,551 
Other debtors
82,424 
40,531 
108,405 
43,082 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
12,736 
Trade creditors
23,482 
- 
Taxes and social security
22,476 
48,750 
Other creditors
262,587 
113,014 
318,545 
174,500 
Bank loans are secured by a charge on company's assets.
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,333 
23,333 
- 4 -
Redd Europe Limited Notes to the Accounts for the year ended 31 March 2024
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 5 -