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REGISTERED NUMBER: 04232712 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

RED CENTRAL LIMITED

RED CENTRAL LIMITED (REGISTERED NUMBER: 04232712)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RED CENTRAL LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: M L Iserman
S R Pearce
Ms G J Swann
A J Guest





SECRETARY: Ms G J Swann





REGISTERED OFFICE: The Barn
Church Farm Business Park
Corston
Bath
BA2 9AP





REGISTERED NUMBER: 04232712 (England and Wales)





ACCOUNTANTS: Kingscott Dix (Cheltenham) Limited
7 Rockfield Business Park
Old Station Drive
Leckhampton
Cheltenham
GL53 0AN

RED CENTRAL LIMITED (REGISTERED NUMBER: 04232712)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 50,479 73,448
Investments 6 1,166,699 1,018,118
1,217,178 1,091,566

CURRENT ASSETS
Stocks 7 420,151 253,586
Debtors 8 837,953 762,808
Cash at bank 2,024,272 1,514,430
3,282,376 2,530,824
CREDITORS
Amounts falling due within one year 9 1,081,824 926,089
NET CURRENT ASSETS 2,200,552 1,604,735
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,417,730

2,696,301

PROVISIONS FOR LIABILITIES 45,615 10,126
NET ASSETS 3,372,115 2,686,175

CAPITAL AND RESERVES
Called up share capital 10 84,211 84,211
Retained earnings 11 3,287,904 2,601,964
SHAREHOLDERS' FUNDS 3,372,115 2,686,175

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

RED CENTRAL LIMITED (REGISTERED NUMBER: 04232712)

BALANCE SHEET - continued
30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by:




A J Guest - Director M L Iserman - Director




S R Pearce - Director Ms G J Swann - Director


RED CENTRAL LIMITED (REGISTERED NUMBER: 04232712)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Red Central 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Significant judgements and estimates
Listed investments - Recognised at fair value based on the quoted market price at the balance sheet date.

Deferred tax - Recognised on the revaluation of listed investments at the balance sheet date.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three 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 - 50% on cost and 33% on cost
Office equipment - 50% on cost and 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


RED CENTRAL LIMITED (REGISTERED NUMBER: 04232712)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 34 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 30 September 2024 10,000
AMORTISATION
At 1 October 2023
and 30 September 2024 10,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

RED CENTRAL LIMITED (REGISTERED NUMBER: 04232712)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 October 2023 64,788 273,401 338,189
Additions 5,825 10,751 16,576
At 30 September 2024 70,613 284,152 354,765
DEPRECIATION
At 1 October 2023 55,221 209,520 264,741
Charge for year 1,382 38,163 39,545
At 30 September 2024 56,603 247,683 304,286
NET BOOK VALUE
At 30 September 2024 14,010 36,469 50,479
At 30 September 2023 9,567 63,881 73,448

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 October 2023 1,018,118
Additions 11,050
Disposals (14,512 )
Revaluations 152,043
At 30 September 2024 1,166,699
NET BOOK VALUE
At 30 September 2024 1,166,699
At 30 September 2023 1,018,118

The historic cost of other investments at the year end was £ 1,006,638 (2023 £ 1,010,100).

Accumulated unrealised gains on other investments at the year end was £ 160,061 (2023 Gain £ 8,018).

7. STOCKS
2024 2023
£    £   
Work-in-progress 420,151 253,586

RED CENTRAL LIMITED (REGISTERED NUMBER: 04232712)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 784,873 715,798
Amounts owed by group undertakings 21,823 -
Other debtors 21 4,707
Prepayments and accrued income 31,236 42,303
837,953 762,808

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 29,631 31,289
Amounts owed to group undertakings 74,171 75,510
Tax 350,816 184,428
Social security and other taxes 41,572 35,711
Other creditors 13,218 13,075
Directors' current accounts 390,627 354,567
Accruals and deferred income 181,789 231,509
1,081,824 926,089

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
80,000 Ordinary £1 84,211 80,000
4,211 Ordinary B £1 - 4,211
84,211 84,211

11. RESERVES

Retained earnings is comprised of accumulated profits/(losses) plus other comprehensive income less dividends

At the year end this reserve included £ 160,061 which is not distributable as it relates to unrealised gains/(losses) on the revaluation of investments.

12. ULTIMATE CONTROLLING PARTY

The company is controlled by Red Central Holding Limited.