REGISTERED NUMBER: 09807977 (England and Wales)

Unaudited Financial Statements for the Year Ended 29 December 2024

for

Red & Racz Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Mike Racz

Mr Arvinder Singh Salariya

REGISTERED OFFICE:

Unit 10 Evolution

Wynyard

Business Park

Wynyard

TS22 5TB

REGISTERED NUMBER:

09807977 (England and Wales)

ACCOUNTANTS:

Flannagans Chartered Certified - Hartlepool office

3A Evolution

Wynyard Avenue

Wynyard Business Park

Wynyard

TS22 5TB

FIXED ASSETS

Intangible assets

4

2,368,830

2,845,520

Tangible assets

5

653,344

756,367

3,022,174

3,601,887

CURRENT ASSETS

Stocks

132,989

80,206

Debtors

551,498

684,628

Cash at bank and in hand

215,171

69,972

899,658

834,806

CREDITORS

Amounts falling due within one year

3,174,323

3,177,250

NET CURRENT LIABILITIES

(2,274,665

)

(2,342,444

)

TOTAL ASSETS LESS CURRENT LIABILITIES

747,509

1,259,443

CREDITORS

Amounts falling due after more than one year

6

1,764,211

1,885,000

NET LIABILITIES

(1,016,702

)

(625,557

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(1,016,802

)

(625,657

)

SHAREHOLDERS' FUNDS

(1,016,702

)

(625,557

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 29 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr Mike Racz - Director

Mr Arvinder Singh Salariya - Director

1.	STATUTORY INFORMATION

Red & Racz 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 117 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 30 December 2023

and 29 December 2024

4,860,040

AMORTISATION

At 30 December 2023

2,014,520

Amortisation for year

476,690

At 29 December 2024

2,491,210

NET BOOK VALUE

At 29 December 2024

2,368,830

At 29 December 2023

2,845,520

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 30 December 2023

2,256,648

Additions

29,758

At 29 December 2024

2,286,406

DEPRECIATION

At 30 December 2023

1,500,281

Charge for year

132,781

At 29 December 2024

1,633,062

NET BOOK VALUE

At 29 December 2024

653,344

At 29 December 2023

756,367

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2024

2023

£

£

Repayable by instalments

Bank loans more 5 yr by instal

204,211

325,000