Red Spot (UK) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 4158923

Red Spot (UK) Limited

Filleted Unaudited Financial Statements

For the Year Ended

28 February 2025

Red Spot (UK) Limited

Statement of Financial Position

28 February 2025

	2025		2024
Note	£	£	£

Fixed Assets

Tangible assets	5		5,052	2,125

Current Assets

Stocks		500	500
Debtors	6	15,427	4,996
Cash at bank and in hand		32,190	42,436
		--------	--------
		48,117	47,932

Creditors: amounts falling due within one year	7	47,646		37,396
		--------		--------
Net Current Assets			471	10,536
			-------	--------
Total Assets Less Current Liabilities			5,523	12,661

Creditors: amounts falling due after more than one year	8	9,026	11,249
		-------	--------
Net (Liabilities)/Assets		( 3,503)	1,412
		-------	--------

Capital and Reserves

Called up share capital	100	100
Profit and loss account	( 3,603)	1,312
	-------	-------
Shareholders (Deficit)/Funds	( 3,503)	1,412
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28th February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Red Spot (UK) Limited

Statement of Financial Position (continued)

28 February 2025

These financial statements were approved by the board of directors and authorised for issue on 6 November 2025 , and are signed on behalf of the board by:

D P Harding
Director

Company registration number: 4158923

Red Spot (UK) Limited

Notes to the Financial Statements

Year Ended 28th February 2025

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Middleborough House, 16 Middleborough, Colchester, Essex, CO1 1QT.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property	-	33% straight line
Fixtures & fittings	-	20% reducing balance
Motor vehicles	-	25% straight line
Equipment	-	33% straight line

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial Instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee Numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible Assets

	Land and buildings	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1st March 2024	1,710	7,904	45,374	16,080	71,068
Additions	–	–	4,552	–	4,552
Disposals	–	–	( 15,937)	–	( 15,937)
	-------	-------	--------	--------	--------
At 28th February 2025	1,710	7,904	33,989	16,080	59,683
	-------	-------	--------	--------	--------
Depreciation
At 1st March 2024	1,710	6,529	45,374	15,330	68,943
Charge for the year	–	350	910	365	1,625
Disposals	–	–	( 15,937)	–	( 15,937)
	-------	-------	--------	--------	--------
At 28th February 2025	1,710	6,879	30,347	15,695	54,631
	-------	-------	--------	--------	--------
Carrying amount
At 28th February 2025	–	1,025	3,642	385	5,052
	-------	-------	--------	--------	--------
At 29th February 2024	–	1,375	–	750	2,125
	-------	-------	--------	--------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	14,493	3,725
Other debtors	934	1,271
	--------	-------
	15,427	4,996
	--------	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	3,774	3,774
Trade creditors	11,064	4,078
Social security and other taxes	7,080	6,225
Other creditors	25,728	23,319
	--------	--------
	47,646	37,396
	--------	--------

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

	2025	2024
	£	£
Bank loans and overdrafts	9,026	11,249
	-------	--------