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REGISTERED NUMBER: 09423540 (England and Wales)















Report of the Director and

Unaudited Consolidated Financial Statements for the Year Ended 31 August 2024

for

The Redshank Group Ltd

The Redshank Group Ltd (Registered number: 09423540)






Contents of the Consolidated Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Report of the Director 2

Consolidated Income Statement 3

Consolidated Balance Sheet 4

Company Balance Sheet 6

Notes to the Consolidated Financial Statements 8


The Redshank Group Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: T M Carlton-King





REGISTERED OFFICE: 3 Palmerston Mansions
Palmerston Road
Southsea
Hampshire
PO5 3QJ





REGISTERED NUMBER: 09423540 (England and Wales)





ACCOUNTANTS: Ency Associates
Chartered Certified Accountants
Printware Court
Cumberland Business Centre
Northumberland Road
Portsmouth
Hampshire
PO5 1DS

The Redshank Group Ltd (Registered number: 09423540)

Report of the Director
for the Year Ended 31 August 2024

The director presents his report with the financial statements of the company and the group for the year ended 31 August 2024.

DIRECTOR
T M Carlton-King held office during the whole of the period from 1 September 2023 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





T M Carlton-King - Director


18 December 2024

The Redshank Group Ltd (Registered number: 09423540)

Consolidated Income Statement
for the Year Ended 31 August 2024

31.8.24 31.8.23
Notes £    £   

TURNOVER 3,932,471 3,803,660

Cost of sales 3,168,010 3,083,244
GROSS PROFIT 764,461 720,416

Administrative expenses 639,783 613,802
124,678 106,614

Other operating income 6,848 6,645
OPERATING PROFIT 131,526 113,259

Interest receivable and similar income 3,029 6
134,555 113,265

Interest payable and similar expenses 605 3,449
PROFIT BEFORE TAXATION 133,950 109,816

Tax on profit 31,730 25,421
PROFIT FOR THE FINANCIAL YEAR 102,220 84,395

Profit attributable to:
Owners of the parent 102,220 84,395

The Redshank Group Ltd (Registered number: 09423540)

Consolidated Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 32,757 3,791
Investments 7 - -
32,757 3,791

CURRENT ASSETS
Stocks 132,533 184,317
Debtors 8 509,493 536,596
Cash at bank 111,719 38,652
753,745 759,565
CREDITORS
Amounts falling due within one year 9 501,252 512,197
NET CURRENT ASSETS 252,493 247,368
TOTAL ASSETS LESS CURRENT
LIABILITIES

285,250

251,159

CREDITORS
Amounts falling due after more than
one year

10

(23,250

)

-

PROVISIONS FOR LIABILITIES (2,474 ) (1,504 )
NET ASSETS 259,526 249,655

The Redshank Group Ltd (Registered number: 09423540)

Consolidated Balance Sheet - continued
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 259,426 249,555
SHAREHOLDERS' FUNDS 259,526 249,655

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a) ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 18 December 2024 and were signed by:





T M Carlton-King - Director


The Redshank Group Ltd (Registered number: 09423540)

Company Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 28,417 2,515
Investments 7 352 452
28,769 2,967

CURRENT ASSETS
Stocks 73,000 114,746
Debtors 8 217,772 693,809
Cash at bank 47,106 7,112
337,878 815,667
CREDITORS
Amounts falling due within one year 9 131,493 615,144
NET CURRENT ASSETS 206,385 200,523
TOTAL ASSETS LESS CURRENT
LIABILITIES

235,154

203,490

CREDITORS
Amounts falling due after more than
one year

10

(23,250

)

-

PROVISIONS FOR LIABILITIES (1,389 ) (1,262 )
NET ASSETS 210,515 202,228

The Redshank Group Ltd (Registered number: 09423540)

Company Balance Sheet - continued
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 210,415 202,128
SHAREHOLDERS' FUNDS 210,515 202,228

Company's profit for the financial year 47,217 145,618

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 18 December 2024 and were signed by:





T M Carlton-King - Director


The Redshank Group Ltd (Registered number: 09423540)

Notes to the Consolidated Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

The Redshank Group Ltd 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 General 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within 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.

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 Consolidated 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.


The Redshank Group Ltd (Registered number: 09423540)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 August 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 group operates a defined contribution pension scheme. Contributions payable to the group'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 14 (2023 - 13 ) .

4. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


5. DIVIDENDS
31.8.24 31.8.23
£    £   
Ordinary shares of £1 each
Interim 38,930 38,912

Further dividends of £51,484 (2023 £44,801) were paid on the non-voting shares in Redshank Online Ltd.

The Redshank Group Ltd (Registered number: 09423540)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 August 2024

6. TANGIBLE FIXED ASSETS

Group
Fixtures Motor Computer
& fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 2,579 19,684 20,039 42,302
Additions 714 31,000 4,751 36,465
Disposals - (19,684 ) - (19,684 )
At 31 August 2024 3,293 31,000 24,790 59,083
DEPRECIATION
At 1 September 2023 2,579 17,169 18,763 38,511
Charge for year 179 4,383 2,222 6,784
Eliminated on disposal - (18,969 ) - (18,969 )
At 31 August 2024 2,758 2,583 20,985 26,326
NET BOOK VALUE
At 31 August 2024 535 28,417 3,805 32,757
At 31 August 2023 - 2,515 1,276 3,791

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 31,000
At 31 August 2024 31,000
DEPRECIATION
Charge for year 2,583
At 31 August 2024 2,583
NET BOOK VALUE
At 31 August 2024 28,417

The Redshank Group Ltd (Registered number: 09423540)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 August 2024

6. TANGIBLE FIXED ASSETS - continued

Company
Fixtures Motor Computer
& fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 2,579 19,684 17,597 39,860
Additions - 31,000 - 31,000
Disposals - (19,684 ) - (19,684 )
At 31 August 2024 2,579 31,000 17,597 51,176
DEPRECIATION
At 1 September 2023 2,579 17,169 17,597 37,345
Charge for year - 4,383 - 4,383
Eliminated on disposal - (18,969 ) - (18,969 )
At 31 August 2024 2,579 2,583 17,597 22,759
NET BOOK VALUE
At 31 August 2024 - 28,417 - 28,417
At 31 August 2023 - 2,515 - 2,515

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 31,000
At 31 August 2024 31,000
DEPRECIATION
Charge for year 2,583
At 31 August 2024 2,583
NET BOOK VALUE
At 31 August 2024 28,417

The Redshank Group Ltd (Registered number: 09423540)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 August 2024

7. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 September 2023 452
Disposals (100 )
At 31 August 2024 352
NET BOOK VALUE
At 31 August 2024 352
At 31 August 2023 452


8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.8.24 31.8.23 31.8.24 31.8.23
£    £    £    £   
Trade debtors 488,414 525,559 129,365 192,140
Amounts owed by group undertakings - - 84,900 492,302
Other debtors 21,079 11,037 3,507 9,367
509,493 536,596 217,772 693,809

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.8.24 31.8.23 31.8.24 31.8.23
£    £    £    £   
Hire purchase contracts 6,200 - 6,200 -
Trade creditors 346,770 357,949 70,909 111,966
Amounts owed to group undertakings - - 23,022 418,772
Taxation and social security 55,548 55,238 20,385 33,869
Other creditors 92,734 99,010 10,977 50,537
501,252 512,197 131,493 615,144

The Redshank Group Ltd (Registered number: 09423540)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 August 2024

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group Company
31.8.24 31.8.23 31.8.24 31.8.23
£    £    £    £   
Hire purchase contracts 23,250 - 23,250 -

11. RELATED PARTY DISCLOSURES

Redshank IT Services Ltd
Subsidiary

31.8.24 31.8.23
£    £   
Amount due from related party at the balance sheet date 84,443 492,302

Redshank Online Ltd
Subsidiary

31.8.24 31.8.23
£    £   
Amount due to related party at the balance sheet date 20,653 265,938

Redshank Large Format Ltd
Subsidiary

31.8.24 31.8.23
£    £   
Amount due from/(to) related party at the balance sheet date 458 (36,946 )

Redshank Office Supplies Ltd
Subsidiary

31.8.24 31.8.23
£    £   
Amount due from/(to) related party at the balance sheet date 2,267 (115,787 )

Redshank IT Support Ltd
Subsidiary

31.8.24 31.8.23
£    £   
Amount due to related party at the balance sheet date 101 101

The Redshank Group Ltd (Registered number: 09423540)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 August 2024

11. RELATED PARTY DISCLOSURES - continued

T M Carlton-King
Director

31.8.24 31.8.23
£    £   
Amount due to related party at the balance sheet date 120 -

12. ULTIMATE CONTROLLING PARTY

The controlling party is T M Carlton-King.