Redwood Trading and Consultancy Limited iXBRL

Company Registration Number: NI618446

Redwood Trading and Consultancy Limited

Unaudited Financial Statements

for the financial year ended 31 May 2025

Redwood Trading and Consultancy Limited

DIRECTORS AND OTHER INFORMATION


Directors	Ms. Antoinette Sweeney
	Mr. William Houston


Company Registration Number	NI618446


Registered Office and Business Address	Unit 2
	98 Spencer Road
	Derry
	BT47 6AG


Accountants	MCI Chartered Accountants
	Sentinel House
	13 Pump Street
	Derry
	BT48 6JG


Bankers	AIB PLC
	61 Upper Main Street
	Letterkenny
	Co. Donegal


	Ulster Bank Limited
	29 Clooney Terrace
	Derry
	BT47 6AS

Redwood Trading and Consultancy Limited

Company Registration Number: NI618446

BALANCE SHEET

as at 31 May 2025

		2025	2024
	Notes	£	£

Fixed Assets

Tangible assets	4	2,459	3,615
		─────────	─────────

Current Assets

Stocks	5	3,387	5,212
Debtors	6	7,923	5,228
Cash at bank and in hand		29,701	37,066
		─────────	─────────
		41,011	47,506
		─────────	─────────
Creditors: amounts falling due within one year	7	(13,797)	(12,920)
		─────────	─────────
Net Current Assets		27,214	34,586
		─────────	─────────
Total Assets less Current Liabilities		29,673	38,201

Creditors:

amounts falling due after more than one year	8	(25,102)	(34,969)
		─────────	─────────
Net Assets		4,571	3,232
		═════════	═════════

Capital and Reserves

Called up share capital	2	2
Statement of income and retained earnings	4,569	3,230
	─────────	─────────
Shareholders' Funds	4,571	3,232
	═════════	═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Statement of Income and Retained Earnings and Directors' Report.

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 11 November 2025 and signed on its behalf by

Ms. Antoinette Sweeney

Director

Mr. William Houston

Director

Redwood Trading and Consultancy Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 May 2025

General Information

Redwood Trading and Consultancy Limited is a private limited company incorporated in Northern Ireland. The address of the registered office is given in the company information on page 3 of these financial statements. The nature of the company's operations and principal activities is that of wholesale distribution of meat products. The company also provides training and consultancy services for the financial services industry.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 May 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared in accordance with The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration receivable net of VAT and discounts. The policy adopted for the recognition of turnover is as follows:

Sale of goods

Turnover from the sale of meat products is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, and the amount of turnover can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on the delivery of the goods.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from training and consultancy services is recognised by reference to the state of completion at the balance sheet date. The stage of completion is measured by reference to labour hours completed and materials consumed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Tangible assets and depreciation

Tangible fixed assets are stated at cost, less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Office fittings and equipment

15% straight line

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimated the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current markets assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in the statement of income and retained earnings, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in the Statement of Income and Retained Earnings, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Stocks

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. Cost is the expenditure incurred in the normal course of business in bringing the product to its present location and condition. Cost is calculated using the first in, first out basis.

Trade and other debtors

Debtors with no stated interest rate and which are receivable within one year are recorded at the transaction price. Any losses arising from impairment are recognised in the Statement of Income and Retained Earnings in administrative expenses.

Trade and other creditors

Creditors with no stated interest rate and which are payable within one year are recorded at the transaction price. Any losses arising from impairment are recognised in the Statement of Income and Retained Earnings in administrative expenses.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Taxation

The charge for taxation is based on the results for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Provision is made at the rates expected to apply when the timing differences reverse. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in taxable profits in periods different from those in which they are recognised in the financial statements.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to statement of income and retained earnings.


3.	Employees

	The average monthly number of persons (including directors) employed by the company during the year was 2 (2024: 2).

		2025	2024
		Number	Number

	Administration	2	2
		═════════	═════════


4.	Tangible assets
		Office	Total
		fittings and
		equipment
		£	£
	Cost
	At 1 June 2024	14,162	14,162
		─────────	─────────

	At 31 May 2025	14,162	14,162
		─────────	─────────
	Depreciation
	At 1 June 2024	10,547	10,547
	Charge for the financial year	1,156	1,156
		─────────	─────────
	At 31 May 2025	11,703	11,703
		─────────	─────────
	Net book value
	At 31 May 2025	2,459	2,459
		═════════	═════════
	At 31 May 2024	3,615	3,615
		═════════	═════════


5.	Stocks	2025	2024
		£	£

	Goods for resale	3,387	5,212
		═════════	═════════

	If stocks were stated at replacement cost (latest purchase price) they would not differ materially from the above.


6.	Debtors	2025	2024
		£	£

	Trade debtors	7,884	5,026
	Taxation	39	202
		─────────	─────────
		7,923	5,228
		═════════	═════════


7.	Creditors	2025	2024
	Amounts falling due within one year	£	£

	Bank loans	9,867	9,576
	Taxation	290	290
	Directors' current accounts	554	92
	Accruals	3,086	2,962
		─────────	─────────
		13,797	12,920
		═════════	═════════

	Creditors above include secured liabilities (note 10) of £9,867 (2024: £9,576.)


8.	Creditors	2025	2024
	Amounts falling due after more than one year	£	£

	Bank loans	25,102	34,969
		═════════	═════════

	Loans
	Repayable in one year or less, or on demand (Note 7)	9,867	9,576
	Repayable between two and five years	25,102	34,969
		─────────	─────────
		34,969	44,545
		═════════	═════════


	Creditors above include secured liabilities (note 10) of £25,102 (2024: £34,969).