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REGISTERED NUMBER: 08931545 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

REDU GROUP LIMITED

REDU GROUP LIMITED (REGISTERED NUMBER: 08931545)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 9

REDU GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: G D Hunter
S J Morton





REGISTERED OFFICE: T3 Traynor House Suite 103,
Traynor Way
Whitehouse Business Park
Peterlee
SR8 2RU





REGISTERED NUMBER: 08931545 (England and Wales)





ACCOUNTANTS: Momentum Taxation and Accountancy Ltd
Harelands Courtyard Offices
Moor Road
Melsonby
Richmond
North Yorkshire
DL10 5NY

REDU GROUP LIMITED (REGISTERED NUMBER: 08931545)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,224 21,750
Tangible assets 5 17,136 10,002
28,360 31,752

CURRENT ASSETS
Debtors 6 298,674 398,196
Cash at bank and in hand 91,621 140,318
390,295 538,514
CREDITORS
Amounts falling due within one year 7 219,669 300,061
NET CURRENT ASSETS 170,626 238,453
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,986

270,205

CREDITORS
Amounts falling due after more than
one year

8

(119,107

)

(232,799

)

PROVISIONS FOR LIABILITIES (2,127 ) (1,971 )
NET ASSETS 77,752 35,435

REDU GROUP LIMITED (REGISTERED NUMBER: 08931545)

BALANCE SHEET - continued
31 MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 115 115
Retained earnings 11 77,637 35,320
SHAREHOLDERS' FUNDS 77,752 35,435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2024 and were signed on its behalf by:





G D Hunter - Director


REDU GROUP LIMITED (REGISTERED NUMBER: 08931545)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Redu Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.

Intangible assets
Other intangible assets are software costs amortised to profit and loss account over their estimated economic life of 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

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.


REDU GROUP LIMITED (REGISTERED NUMBER: 08931545)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


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 19 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 12,000 52,631 64,631
AMORTISATION
At 1 April 2023 12,000 30,881 42,881
Amortisation for year - 10,526 10,526
At 31 March 2024 12,000 41,407 53,407
NET BOOK VALUE
At 31 March 2024 - 11,224 11,224
At 31 March 2023 - 21,750 21,750

REDU GROUP LIMITED (REGISTERED NUMBER: 08931545)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 38,275 15,756 54,031
Additions 6,050 8,301 14,351
Disposals - (1,092 ) (1,092 )
At 31 March 2024 44,325 22,965 67,290
DEPRECIATION
At 1 April 2023 30,859 13,170 44,029
Charge for year 3,872 2,625 6,497
Eliminated on disposal - (372 ) (372 )
At 31 March 2024 34,731 15,423 50,154
NET BOOK VALUE
At 31 March 2024 9,594 7,542 17,136
At 31 March 2023 7,416 2,586 10,002

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 191,660 187,537
Other debtors - 15,000
Prepayments and accrued income 96,325 185,149
Prepayments 10,689 10,510
298,674 398,196

REDU GROUP LIMITED (REGISTERED NUMBER: 08931545)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 113,764 110,761
Trade creditors 1,869 2,077
Amounts owed to group undertakings 1,150 1,150
Tax 12,338 31,468
Social security and other taxes 26,696 31,535
Net wages 1,659 -
Pension payable 2,873 3,215
VAT 30,710 51,259
Other creditors - 58,393
Directors' current accounts 16,799 -
Accrued expenses 11,811 10,203
219,669 300,061

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 119,107 232,799

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 91 364
Bank loans 113,673 110,397
113,764 110,761

Amounts falling due between two and five years:
Bank loans - 2-5 years 119,107 232,799

REDU GROUP LIMITED (REGISTERED NUMBER: 08931545)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
115 Ordinary 1 115 115

11. RESERVES
Retained
earnings
£   

At 1 April 2023 35,320
Profit for the year 42,317
At 31 March 2024 77,637

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
REDU GROUP LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Redu Group Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Redu Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Redu Group Limited and state those matters that we have agreed to state to the Board of Directors of Redu Group Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Redu Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Redu Group Limited. You consider that Redu Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Redu Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Momentum Taxation and Accountancy Ltd
Harelands Courtyard Offices
Moor Road
Melsonby
Richmond
North Yorkshire
DL10 5NY



CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
REDU GROUP LIMITED


Date: .............................................