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Registered number: 02056246










REDASHE LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
REDASHE LIMITED
REGISTERED NUMBER: 02056246

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
57,666
69,687

Investments
  
-
21,138

  
57,666
90,825

Current assets
  

Stocks
  
1,501,628
1,467,162

Debtors: amounts falling due within one year
 6 
1,166,018
575,448

Current asset investments
 7 
307,428
18,668

Bank and cash balances
  
246,422
939,990

  
3,221,496
3,001,268

Creditors: amounts falling due within one year
 8 
(559,084)
(585,599)

Net current assets
  
 
 
2,662,412
 
 
2,415,669

Total assets less current liabilities
  
2,720,078
2,506,494

Provisions for liabilities
  

Deferred tax
 9 
(8,417)
(17,314)

  
 
 
(8,417)
 
 
(17,314)

Net assets
  
2,711,661
2,489,180


Capital and reserves
  

Called up share capital 
 10 
10,000
10,000

Profit and loss account
  
2,701,661
2,479,180

  
2,711,661
2,489,180


Page 1

 
REDASHE LIMITED
REGISTERED NUMBER: 02056246
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






Mr I Redley
Mr P Ede
Director
Director


Date: 13 August 2025
Date:13 August 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
REDASHE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The company is a private company limited by shares, incorporated in England and Wales.  The registered office is 8 The Brook Trading Estate, Deadbrook Lane, Aldershot, Hampshire, GU12 4XB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
REDASHE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line and reducing balance methods.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
reducing balance
Motor vehicles
-
25%
reducing balance
Computer equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Valuation of investments

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase using the average cost basis (2023- Average cost basis) .
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

Page 4

 
REDASHE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.10

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.11

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.12

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
REDASHE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.14

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.



3.


Employees

The average monthly number of employees, including directors, during the year was 19 (2023 - 18).

Page 6

 
REDASHE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2024
3,321
167,662
7,250
101,282
279,515


Additions
-
1,195
-
8,063
9,258


Disposals
-
(12,503)
(7,250)
(11,099)
(30,852)



At 31 December 2024

3,321
156,354
-
98,246
257,921



Depreciation


At 1 January 2024
3,321
138,316
6,615
61,577
209,829


Charge for the year on owned assets
-
6,055
13
13,588
19,656


Disposals
-
(11,503)
(6,628)
(11,099)
(29,230)



At 31 December 2024

3,321
132,868
-
64,066
200,255



Net book value



At 31 December 2024
-
23,486
-
34,180
57,666



At 31 December 2023
-
29,347
635
39,705
69,687

Page 7

 
REDASHE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Fixed asset investments





Listed investments

£





At 1 January 2024
21,138


Disposals
(21,138)



At 31 December 2024

-






Net book value



At 31 December 2024
-



At 31 December 2023
21,138


6.


Debtors

2024
2023
£
£


Trade debtors
461,447
499,182

Other debtors
639,537
10,260

Prepayments and accrued income
65,034
66,006

1,166,018
575,448



7.


Current asset investments

2024
2023
£
£

Listed investments
307,428
18,668


Page 8

 
REDASHE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
141,212
172,327

Corporation tax
272,924
107,026

Other taxation and social security
66,125
134,737

Other creditors
69,767
125,732

Accruals and deferred income
9,056
45,777

559,084
585,599



9.


Deferred taxation




2024
2023


£

£






At beginning of year
(17,314)
(9,781)


Charged to profit or loss
8,897
(7,533)



At end of year
(8,417)
(17,314)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(8,417)
(17,314)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



7,600 (2023 - 7,600) Ordinary A shares of £1.00 each
7,600
7,600
2,400 (2023 - 2,400) Ordinary B shares of £1.00 each
2,400
2,400

10,000

10,000


Page 9

 
REDASHE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

11.


Pension commitments

The Company operates a defined contributions pension scheme.  The assets of the scheme are held separately from those of the Company in an independently administered fund.  The pension cost charge represents contributions payable by the Company to the fund and amounted to £22,403 (2023 - £21,177).  There were no contributions payable to the fund at the reporting date (2023 - £nil).


12.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 18 August 2025 by Mark Dickinson FCA (Senior Statutory Auditor) on behalf of Shaw Gibbs (Audit) Limited.

 
Page 10