Brilliant Red Limited - Filleted accounts

Registered number

NI616873

Brilliant Red Limited

Filleted Accounts

31 March 2025

Brilliant Red Limited
Registered number:		NI616873
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed Assets
Tangible Assets	4		9,288			11,793

Current Assets
Work In Progress		6,000			12,000
Debtors	6	80,205			92,306
Cash at Bank and in Hand		456,045			382,008
		542,250			486,314

Creditors: Amounts falling due within one year	7	(52,216)			(48,005)

Net current assets			490,034			438,309

Total Assets less Current Liabilities			499,322			450,102


Provisions for Liabilities			(1,765)			(2,446)


Net assets			497,557			447,656

Capital and reserves
Called up Share Capital			100			100
Profit and Loss Account			497,457			447,556

Shareholders' funds			497,557			447,656

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



Mr Paul Reavey			Mr Shane Meehan
Director			Director
Approved by the board on 22 December 2025

Brilliant Red Limited
Notes to the Financial Statements
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Equipment and Fixtures & Fittings			over 5 years
	Goodwill			over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					3		4


3	Intangible Fixed Assets							£
	Goodwill:

	Cost
	At 1 April 2024							40,000
	At 31 March 2025							40,000

	Amortisation
	At 1 April 2024							40,000
	At 31 March 2025							40,000

	Net book value
	At 31 March 2025							-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.

4	Tangible Fixed Assets
								Equipment & F&F
£
	Cost
	At 1 April 2024							42,371
	Additions							1,646
	At 31 March 2025							44,017

	Depreciation
	At 1 April 2024							30,578
	Charge for the year							4,151
	At 31 March 2025							34,729

	Net book value
	At 31 March 2025							9,288
	At 31 March 2024							11,793


5	Investments

	The company has a 50% holding in the Class 'A' share capital of Helix Research and Enterprise Limited, a company incorporated on 14th October 2019. The company purchased 50 class A shares at a nominal cost of 0.01pence each.


6	Debtors					2025		2024
£							£

	Trade debtors					6,724		7,026
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					69,764		84,765
	Other debtors					3,717		515
						80,205		92,306


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

	Trade creditors					4,131		12,918
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					6,000		9,850
	Other taxes and social security costs					33,242		15,531
	Other creditors					8,843		9,706
						52,216		48,005


8	Events after the reporting date

	There have been no significant events affecting the company since the year end.

9	Capital Commitments

	The company did not have any capital commitments at 31 March 2025 not already provided for in the financial statements.

10	Contingent Liabilities

	There were no contingent liabilities at the year end.

11	Related Party Transactions

	The transactions of the company with its directors and their connected persons are given in note 13. In addition, related party transactions have occurred between the company and Brilliant Red Developments Ltd, Brilliant Red Digital Ltd, Helix Research and Enterprise Ltd and Media Lightbox Ltd in the year ended 31st March 2025. These transactions are summarised below. This company is considered to be a related party as the company is substantially under common ownership and control.

Brilliant			Brilliant		Helix
Red			Red		Research and			Media
Developments			Digital		Enterprise			Lightbox
Limited			Ltd		Limited			Ltd
£			£		£		£
	Opening balance as at 1 April 2024	500		(9,702)		99,000		-
	Purchases	-		(5,048)		-		(7,200)
	Sales	-		24,427		288,000		-
	Payments made during the year	-		16,868		-		-
	Payments (received) during the year	-		(15,428)		(315,000)		-
	Loan to company	-		-		-		-
	Closing balance as at 31 March 2025	500		11,117		72,000		(7,200)


12	Directors' Transactions

	Related party transactions occurred between the company and its directors. All such transactions were in the normal course of business.
13	Controlling party

	The controlling parties have been identified as Mr Paul Reavey and Mr Shane Meehan the company's directors who hold 50% each of the shareholding in the Company as at 31 March 2025.

14	Other information

	Brilliant Red Limited is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
	12 Carrickrovaddy Road
	Jerrettspass
	Newry
	Co Down
	BT34 1SN