Company No: 06886694 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	4	2,259,552		2,641,003
		2,259,552		2,641,003
Current assets
Stocks	5	1,693,888		1,163,329
Debtors	6	334,562		89,670
Cash at bank and in hand		164,555		700,220
		2,193,005		1,953,219
Creditors: amounts falling due within one year	7	( 2,050,539)		( 2,153,179)
Net current assets/(liabilities)		142,466		(199,960)
Total assets less current liabilities		2,402,018		2,441,043
Creditors: amounts falling due after more than one year	8	( 761,626)		( 684,296)
Provision for liabilities		( 564,888)		( 501,791)
Net assets		1,075,504		1,254,956
Capital and reserves
Called-up share capital	9	121		121
Capital redemption reserve		99		99
Profit and loss account		1,075,284		1,254,736
Total shareholder's funds		1,075,504		1,254,956

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Blade Runner Equipment Limited (registered number: 06886694) 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

Blade Runner 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 pounds sterling 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.

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 straight-line basis over its expected useful life, as follows:

Plant and machinery	5 years straight line
Vehicles	25 % reducing balance
Office equipment	3 years straight line

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.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

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 includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. 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;
• Hire purchase liabilities;
• 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.

Except for bank loans and hire purchase liabilities, 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 and hire purchase liabilities 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	2		2

3. Intangible assets

	Website costs		Total
	£		£
Cost
At 01 January 2024	3,026		3,026
At 31 December 2024	3,026		3,026
Accumulated amortisation
At 01 January 2024	3,026		3,026
At 31 December 2024	3,026		3,026
Net book value
At 31 December 2024	0		0
At 31 December 2023	0		0

4. Tangible assets

	Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£
Cost
At 01 January 2024	3,378,400		0		750		3,379,150
Additions	2,003,188		39,237		0		2,042,425
Disposals	( 2,468,586)		0		( 750)		( 2,469,336)
At 31 December 2024	2,913,002		39,237		0		2,952,239
Accumulated depreciation
At 01 January 2024	737,626		0		521		738,147
Charge for the financial year	566,660		9,809		103		576,572
Disposals	( 621,408)		0		( 624)		( 622,032)
At 31 December 2024	682,878		9,809		0		692,687
Net book value
At 31 December 2024	2,230,124		29,428		0		2,259,552
At 31 December 2023	2,640,774		0		229		2,641,003

5. Stocks

	2024		2023
	£		£
Stocks	1,693,888		1,163,329

6. Debtors

	2024		2023
	£		£
Trade debtors	133,327		52,446
Corporation tax	0		8,049
Other debtors	201,235		29,175
	334,562		89,670

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans and overdrafts	27,154		10,140
Trade creditors	1,325,554		1,816,313
Corporation tax	121,361		0
Other taxation and social security	63,232		3,266
Obligations under finance leases and hire purchase contracts	508,538		318,985
Other creditors	4,700		4,475
	2,050,539		2,153,179

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

	2024		2023
	£		£
Bank loans (secured)	4,409		14,806
Obligations under finance leases and hire purchase contracts (secured)	757,217		669,490
	761,626		684,296

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.

9. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
99 Ordinary shares of £ 1.00 each	99		99
22 Ordinary A shares of £ 1.00 each	22		22
	121		121

10. Related party transactions

Transactions with the entity's directors

	2024		2023
	£		£
Loan to the directors	10,683		6,756

Other related party transactions

	2024		2023
	£		£
Amounts owed to fellow subsidiaries	1,173,665		1,609,085
Amounts owed to associated companies	129,564		133,342
Amounts owed by associated companies	189,361		0
Interest charged on loans from group companies	47,956		51,445

Sales to group companies during the year were £Nil (2023: £68,340). Purchases from those companies totalled £1,719,275 (2023: £744,360). Management fees paid to the group companies during the year were £279,664 (2023: £357,367).

11. Ultimate controlling party

Parent Company:

Red Bull Equipment Holdings Limited

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