Registration number: 03349503

Reds Joinery Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Reds Joinery Limited

Company Information

Directors

Mr Graham Biggs Mr Mark Jarvis Mrs Karen Marie Biggs Mrs Julie Jarvis Mr Joseph Biggs Mr Jordan Biggs

Company secretary

Mr Mark Jarvis

Registered office

Hangar 2, Estuary Commerce Park De-Havilland Drive Speke Liverpool Merseyside L24 8RN

Accountants

Williamson Croft (Liverpool) Limited Chartered Certified Accountants1 Old Hall Street 1st Floor Liverpool L3 9HF

Reds Joinery Limited

(Registration number: 03349503)
Balance Sheet as at 31 March 2025

	Note	2025 £	(As restated) 2024 £
Fixed assets
Tangible assets	4	49,104	44,631
Current assets
Stocks	5	1,500	1,200
Debtors	6	1,254,968	1,151,590
Cash at bank and in hand		539,146	825,601
		1,795,614	1,978,391
Creditors: Amounts falling due within one year	7	(572,479)	(739,228)
Net current assets		1,223,135	1,239,163
Total assets less current liabilities		1,272,239	1,283,794
Creditors: Amounts falling due after more than one year	7	(2,500)	(12,500)
Provisions for liabilities		(12,276)	(11,158)
Net assets		1,257,463	1,260,136
Capital and reserves
Called up share capital	8	40	40
Retained earnings		1,257,423	1,260,096
Shareholders' funds		1,257,463	1,260,136

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 December 2025 and signed on its behalf by:
 

Reds Joinery Limited

(Registration number: 03349503)
Balance Sheet as at 31 March 2025

......................................... Mr Graham Biggs Director

......................................... Mr Mark Jarvis Company secretary and director

Reds Joinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hangar 2, Estuary Commerce Park
De-Havilland Drive
Speke
Liverpool
Merseyside
L24 8RN

These financial statements were authorised for issue by the Board on 12 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Summary of disclosure exemptions

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement..

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Reds Joinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Contract revenue recognition

Income on project work undertaken by the company is recognised as work is completed over the course of the project by reference to the stage of completion as determined by the costs incurred to date compared to forecast final costs and as a proportion of the total anticipated contracted income.

Where income is invoiced in advance of work completed then income is deferred and if invoiced after completion then income is accrued accordingly. Project costs are accrued into the period in which work was completed by the company regardless of the date of invoicing from suppliers or payment thereof.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant, machinery and equipment	20% Straight line
Office equipment	33.33% Straight line
Motor Vehicles	25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Reds Joinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Reds Joinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Reds Joinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2024 - 9).

4	Tangible assets

	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	143,651	-	-	143,651
Additions	-	1,332	23,553	24,885
At 31 March 2025	143,651	1,332	23,553	168,536
Depreciation
At 1 April 2024	99,020	-	-	99,020
Charge for the year	15,473	228	4,711	20,412
At 31 March 2025	114,493	228	4,711	119,432
Carrying amount
At 31 March 2025	29,158	1,104	18,842	49,104
At 31 March 2024	44,631	-	-	44,631

5

Stocks

	2025 £	2024 £
Raw materials and consumables	1,500	1,200

6

Debtors

Current	2025 £	2024 £
Trade debtors	522,816	463,886
Prepayments	9,989	3,756
Other debtors	722,163	683,948
	1,254,968	1,151,590

Reds Joinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		10,000	10,000
Trade creditors		398,649	410,451
Taxation and social security		118,314	259,087
Accruals and deferred income		25,520	26,861
Other creditors		19,996	32,829
		572,479	739,228