Company No: 03872615 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		$		$
Fixed assets
Intangible assets	3	2		1,216
Tangible assets	4	222,852		406,154
		222,854		407,370
Current assets
Stocks		255,673		374,677
Debtors	5	2,466,844		2,474,055
Cash at bank and in hand		434,110		362,888
		3,156,627		3,211,620
Creditors: amounts falling due within one year	6	( 584,957)		( 603,702)
Net current assets		2,571,670		2,607,918
Total assets less current liabilities		2,794,524		3,015,288
Creditors: amounts falling due after more than one year	7	( 1,098,176)		( 1,319,405)
Provision for liabilities		( 46,805)		0
Net assets		1,649,543		1,695,883
Capital and reserves
Called-up share capital	8	5,689		5,689
Profit and loss account		1,643,854		1,690,194
Total shareholder's funds		1,649,543		1,695,883

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Red Bull Equipment Limited (registered number: 03872615) were approved and authorised for issue by the Board of Directors on 30 September 2025. They were signed on its behalf by:

Mr A J Gibbings Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Red Bull Equipment Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House, Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in USD which is the functional currency of the Company and rounded to the nearest $.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers. Turnover is recognised when the value of goods and services sold can be reliably measured.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs

4 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

10 - 33.3 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans: and
• Cash and bank balances.

All financial instruments are classified as basic. The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Basic financial assets comprise short term trade and other debtors and cash and bank balances. Basic financial liabilities comprise short term trade and other creditors.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	6		6

3. Intangible assets

	Website costs		Total
	$		$
Cost
At 01 January 2024	8,928		8,928
At 31 December 2024	8,928		8,928
Accumulated amortisation
At 01 January 2024	7,712		7,712
Charge for the financial year	1,214		1,214
At 31 December 2024	8,926		8,926
Net book value
At 31 December 2024	2		2
At 31 December 2023	1,216		1,216

4. Tangible assets

	Plant and machinery etc.		Total
	$		$
Cost
At 01 January 2024	873,213		873,213
Additions	54,022		54,022
Disposals	( 331,726)		( 331,726)
At 31 December 2024	595,509		595,509
Accumulated depreciation
At 01 January 2024	467,059		467,059
Charge for the financial year	87,459		87,459
Disposals	( 181,861)		( 181,861)
At 31 December 2024	372,657		372,657
Net book value
At 31 December 2024	222,852		222,852
At 31 December 2023	406,154		406,154

5. Debtors

	2024		2023
	$		$
Trade debtors	2,349,941		2,455,754
Amounts owed by Parent undertakings	5,419		0
Other debtors	111,484		18,301
	2,466,844		2,474,055

6. Creditors: amounts falling due within one year

	2024		2023
	$		$
Bank loans and overdrafts (secured)	314,882		309,797
Trade creditors	25,167		27,959
Taxation and social security	38,044		61,744
Obligations under finance leases and hire purchase contracts (secured)	12,298		3,606
Other creditors	194,566		200,596
	584,957		603,702

The bank overdraft is secured by a fixed and floating charge over the company assets.

Hire purchase liabilities are secured on the individual assets acquired by those hire purchase agreements.

7. Creditors: amounts falling due after more than one year

	2024		2023
	$		$
Bank loans	6,618		19,940
Obligations under finance leases and hire purchase contracts (secured)	27,578		901
Other creditors	1,063,980		1,298,564
	1,098,176		1,319,405

8. Called-up share capital

	2024		2023
	$		$
Allotted, called-up and fully-paid
4,000 Ordinary shares of US $ 1.422 each	5,688		5,688

9. Related party transactions

Transactions with the entity's directors

	2024		2023
	$		$
Loan to a director	74,781		0

Other related party transactions

	2024		2023
	$		$
Amounts owed by fellow subsidiaries	1,469,528		2,044,547
Amounts owed by parent company	5,419		0

Sales to group companies during the year were $1,704,743 (2023: $831,012). Purchases from those companies totalled $Nil (2023: $1,486 ). Management fees received from group companies during the year were $350,000 (2023: $523,000).

10. Ultimate controlling party

Parent Company:

Red Bull Equipment Holdings Limited

Sigma House, Oak View Close, Edginswell Park, Torquay, Devon, United Kingdom, TQ2 7FF