REGISTERED NUMBER: 00993489 (England and Wales)

Financial Statements for the Year Ended 31 January 2025

for

Red Dragon Retreading Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B M Brown

S W Brown

W J Brown

SECRETARY:

B M Brown

REGISTERED OFFICE:

Unit26, Sturmi Way

Village Farm Industrial Estate

Pyle

Mid Glamorgan

CF33 6BZ

REGISTERED NUMBER:

00993489 (England and Wales)

ACCOUNTANTS:

Neil Hodge & Co Limited

Chartered Accountants

106a Commercial Street

Risca

Gwent

NP11 6EE

FIXED ASSETS

Tangible assets

4

195,418

184,015

CURRENT ASSETS

Stocks

330,000

125,000

Debtors

5

754,570

694,305

Cash at bank

443,269

380,377

1,527,839

1,199,682

CREDITORS

Amounts falling due within one year

6

864,661

808,560

NET CURRENT ASSETS

663,178

391,122

TOTAL ASSETS LESS CURRENT LIABILITIES

858,596

575,137

PROVISIONS FOR LIABILITIES

34,000

26,000

NET ASSETS

824,596

549,137

CAPITAL AND RESERVES

Called up share capital

7

200

200

Retained earnings

824,396

548,937

SHAREHOLDERS' FUNDS

824,596

549,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 11 November 2025 and were signed on its behalf by:

B M Brown - Director

1.	STATUTORY INFORMATION

Red Dragon Retreading Limited is a private company, limited by shares , registered in England and Wales. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance and 20% 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 26 (2024 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2024

127,030

639,709

766,739

Additions

-

76,135

76,135

Disposals

-

(239,902

)

(239,902

)

At 31 January 2025

127,030

475,942

602,972

DEPRECIATION

At 1 February 2024

65,764

516,960

582,724

Charge for year

2,196

47,354

49,550

Eliminated on disposal

-

(224,720

)

(224,720

)

At 31 January 2025

67,960

339,594

407,554

NET BOOK VALUE

At 31 January 2025

59,070

136,348

195,418

At 31 January 2024

61,266

122,749

184,015

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

720,510

663,867

Other debtors

34,060

30,438

754,570

694,305

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade creditors

362,959

404,283

Taxation and social security

196,923

114,326

Other creditors

304,779

289,951

864,661

808,560

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

200

Ordinary

£1

200

200

8.	ULTIMATE CONTROLLING PARTY

There is no one ultimate controlling party.