REGISTERED NUMBER: 04923419

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

RED MAPLE LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

M King

REGISTERED OFFICE:

7 Guildhall Street

Lincoln

Lincolnshire

LN1 1TT

REGISTERED NUMBER:

04923419

ACCOUNTANTS:

Bradshaw Johnson

Chartered Accountants

Croft Chambers

11 Bancroft

Hitchin

Hertfordshire

SG5 1JQ

FIXED ASSETS

Intangible assets

4

215,999

269,999

Tangible assets

5

354,730

102,111

570,729

372,110

CURRENT ASSETS

Stocks

30,126

22,657

Debtors

6

662,354

323,090

Cash in hand

16,659

11,106

709,139

356,853

CREDITORS

Amounts falling due within one year

7

483,577

463,403

NET CURRENT ASSETS/(LIABILITIES)

225,562

(106,550

)

TOTAL ASSETS LESS CURRENT LIABILITIES

796,291

265,560

CREDITORS

Amounts falling due after more than one year

8

(433,299

)

(15,884

)

PROVISIONS FOR LIABILITIES

(70,509

)

(4,864

)

NET ASSETS

292,483

244,812

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

292,383

244,712

292,483

244,812

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

M King - Director

1.	STATUTORY INFORMATION

Red Maple Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2023 - 28 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

269,999

AMORTISATION

Charge for year

54,000

At 31 December 2024

54,000

NET BOOK VALUE

At 31 December 2024

215,999

At 31 December 2023

269,999

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

1

551,443

-

-

551,444

Additions

-

185,295

182,563

3,004

370,862

At 31 December 2024

1

736,738

182,563

3,004

922,306

DEPRECIATION

At 1 January 2024

-

449,333

-

-

449,333

Charge for year

-

71,851

45,641

751

118,243

At 31 December 2024

-

521,184

45,641

751

567,576

NET BOOK VALUE

At 31 December 2024

1

215,554

136,922

2,253

354,730

At 31 December 2023

1

102,110

-

-

102,111

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

Additions

134,333

At 31 December 2024

134,333

DEPRECIATION

Charge for year

33,583

At 31 December 2024

33,583

NET BOOK VALUE

At 31 December 2024

100,750

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

218,027

218

Amounts owed by group undertakings

428,150

320,507

Other debtors

16,177

2,365

662,354

323,090

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

100,348

21,144

Hire purchase contracts

40,300

-

Trade creditors

273,005

88,873

Taxation and social security

8,176

24,281

Other creditors

61,748

329,105

483,577

463,403

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

111,982

15,884

Hire purchase contracts

105,900

-

Other creditors

215,417

-

433,299

15,884

9.	RELATED PARTY DISCLOSURES

Red Maple Limited is owned by Triplek Investments Limited. At 31 December 2024 £428,150 was owed by Triplek Investments to Red Maple Limited (2023: £320,507).

10.	ULTIMATE CONTROLLING PARTY

Triplek Investments Limited is the ultimate controlling party by virtue of holding all the shares in Red Maple Ltd.