IRIS Accounts Production v24.3.2.46 03415638 Board of Directors 1.1.24 31.12.24 31.12.24 true false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh034156382023-12-31034156382024-12-31034156382024-01-012024-12-31034156382022-12-31034156382023-01-012023-12-31034156382023-12-3103415638ns14:PoundSterling2024-01-012024-12-3103415638ns10:Director12024-01-012024-12-3103415638ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3103415638ns10:SmallEntities2024-01-012024-12-3103415638ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3103415638ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3103415638ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3103415638ns10:FullAccounts2024-01-012024-12-3103415638ns10:Director22024-01-012024-12-3103415638ns10:Director32024-01-012024-12-3103415638ns10:CompanySecretary12024-01-012024-12-3103415638ns10:RegisteredOffice2024-01-012024-12-3103415638ns5:CurrentFinancialInstruments2024-12-3103415638ns5:CurrentFinancialInstruments2023-12-3103415638ns5:ShareCapital2024-12-3103415638ns5:ShareCapital2023-12-3103415638ns5:SharePremium2024-12-3103415638ns5:SharePremium2023-12-3103415638ns5:RetainedEarningsAccumulatedLosses2024-12-3103415638ns5:RetainedEarningsAccumulatedLosses2023-12-3103415638ns5:PlantMachinery2024-01-012024-12-3103415638ns5:PlantMachinery2023-12-3103415638ns5:PlantMachinery2024-12-3103415638ns5:CostValuation2023-12-3103415638ns5:DisposalsRepaymentsInvestments2024-12-3103415638ns5:CostValuation2024-12-3103415638ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3103415638ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3103415638ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-12-3103415638ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-12-3103415638ns5:Secured2024-12-3103415638ns5:Secured2023-12-3103415638ns5:RetainedEarningsAccumulatedLosses2023-12-3103415638ns5:SharePremium2023-12-3103415638ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-31
REGISTERED NUMBER: 03415638















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

REDD FACTORS LIMITED

REDD FACTORS LIMITED (REGISTERED NUMBER: 03415638)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REDD FACTORS LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: Mr G M Sullivan
Mr N A C Warren
Mrs C Sullivan





SECRETARY: Mrs K Hailstone





REGISTERED OFFICE: The Old Bakery
Hyde End Lane
Brimpton
Berkshire
RG7 4RH





REGISTERED NUMBER: 03415638






REDD FACTORS LIMITED (REGISTERED NUMBER: 03415638)

BALANCE SHEET
31 December 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 314,510 464,510
Investment property 6 658,823 658,823
973,333 1,123,333

CURRENT ASSETS
Debtors 7 3,767,090 3,725,046
Cash at bank and in hand 1,189,457 786,842
4,956,547 4,511,888
CREDITORS
Amounts falling due within one year 8 2,381,674 2,302,970
NET CURRENT ASSETS 2,574,873 2,208,918
TOTAL ASSETS LESS CURRENT LIABILITIES 3,548,206 3,332,251

CAPITAL AND RESERVES
Called up share capital 491,656 491,656
Share premium 10 513,759 513,759
Retained earnings 10 2,542,791 2,326,836
SHAREHOLDERS' FUNDS 3,548,206 3,332,251

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

REDD FACTORS LIMITED (REGISTERED NUMBER: 03415638)

BALANCE SHEET - continued
31 December 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:





Mr G M Sullivan - Director


REDD FACTORS LIMITED (REGISTERED NUMBER: 03415638)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Redd Factors Limited is a private company, limited by shares , registered in Not specified/Other. 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 represents net invoiced sales of services, excluding value added tax.

Fees are recognised in the profit and loss account at the time the debts are factored and transactions financed. Other income is normally recognised in the profit and loss account at the time of the transaction.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

REDD FACTORS LIMITED (REGISTERED NUMBER: 03415638)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments in subsidiaries
The investment in the company's subsidiary is held at cost and is subject to an annual impairment review.

Other investment
This asset is held at cost and is subject to annual impairment reviews.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 151,512
DEPRECIATION
At 1 January 2024
and 31 December 2024 151,512
NET BOOK VALUE
At 31 December 2024 -

5. FIXED ASSET INVESTMENTS

31/12/24 31/12/23
£    £   
Shares in group undertakings 238,000 388,000
Other investments not loans 76,510 76,510
314,510 464,510

REDD FACTORS LIMITED (REGISTERED NUMBER: 03415638)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

5. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 January 2024 388,000
Disposals (150,000 )
At 31 December 2024 238,000
NET BOOK VALUE
At 31 December 2024 238,000
At 31 December 2023 388,000

Investments (neither listed nor unlisted) were as follows:
31/12/24 31/12/23
£    £   
Motor vehicle 76,510 76,510

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 658,823
NET BOOK VALUE
At 31 December 2024 658,823
At 31 December 2023 658,823

7. DEBTORS
31/12/24 31/12/23
£    £   
Amounts falling due within one year:
Trade debtors 1,808,785 1,379,658
Amounts owed by group undertakings 640,000 815,538
Other debtors 200,000 411,545
2,648,785 2,606,741

Amounts falling due after more than one year:
Other debtors 1,118,305 1,118,305

Aggregate amounts 3,767,090 3,725,046

REDD FACTORS LIMITED (REGISTERED NUMBER: 03415638)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans and overdrafts 18,752 16,643
Trade creditors 1,860,216 1,696,663
Taxation and social security 53,912 40,308
Other creditors 448,794 549,356
2,381,674 2,302,970

9. SECURED DEBTS

The following secured debts are included within creditors:

31/12/24 31/12/23
£    £   
Bank overdrafts 18,752 16,643

The bank overdraft is secured by a fixed and floating charge over certain assets of the company.

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2024 2,326,836 513,759 2,840,595
Profit for the year 215,955 215,955
At 31 December 2024 2,542,791 513,759 3,056,550

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr G M Sullivan.

The company is under the control of G M Sullivan who is a director and shareholder of the company.