Rediscover Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 11351828

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,828		203

			3,828		203
CURRENT ASSETS
Debtors	5	30,162		30,886
Cash at bank and in hand		45,775		13,054

		75,937		43,940
Creditors: Amounts Falling Due Within One Year	6	(77,201 )		(31,552 )

NET CURRENT ASSETS (LIABILITIES)			(1,264 )		12,388

TOTAL ASSETS LESS CURRENT LIABILITIES			2,564		12,591

NET ASSETS			2,564		12,591

CAPITAL AND RESERVES
Called up share capital	7		145		145
Profit and Loss Account			2,419		12,446

SHAREHOLDERS' FUNDS			2,564		12,591

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Craig Sharman

Director

22/08/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Rediscover Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11351828 . The registered office is 105 Courtyard Studios, Lakes Innovation Centre, Braintree, Essex, CM7 3AN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

33% Straight Line

2.4. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax is recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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Rediscover Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 June 2024	3,058
Additions	4,620
Disposals	(2,754 )

As at 31 May 2025	4,924

Depreciation
As at 1 June 2024	2,855
Provided during the period	995
Disposals	(2,754 )

As at 31 May 2025	1,096

Net Book Value
As at 31 May 2025	3,828

As at 1 June 2024	203

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	29,924	30,886
Other debtors	238	-

	30,162	30,886

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	887	311
Other creditors	45,757	1,680
Taxation and social security	30,557	29,561

	77,201	31,552

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	145	145

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