Company Registration No. 04524832 (England and Wales)
Redd Europe Limited
Unaudited accounts
for the year ended 31 March 2025
Redd Europe Limited
Statement of financial position
as at 31 March 2025
Tangible assets
26,556
47,252
Cash at bank and in hand
50,222
224,919
Creditors: amounts falling due within one year
(152,671)
(318,545)
Net current (liabilities)/assets
(6,553)
14,779
Total assets less current liabilities
20,003
62,031
Creditors: amounts falling due after more than one year
(3,333)
(13,333)
Provisions for liabilities
Deferred tax
(2,949)
(5,560)
Called up share capital
1,000
1,000
Profit and loss account
12,721
42,138
Shareholders' funds
13,721
43,138
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2025 and were signed on its behalf by
Karl J Turnbull
Director
Company Registration No. 04524832
Redd Europe Limited
Notes to the Accounts
for the year ended 31 March 2025
Redd Europe Limited is a private company, limited by shares, registered in England and Wales, registration number 04524832. The registered office is John O'Gaunt House, Station Road, John O'Gaunt, Melton Mowbray, Leicestershire, LE14 2RE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% straight line
Plant & machinery
10% straight line
Motor vehicles
25% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Redd Europe Limited
Notes to the Accounts
for the year ended 31 March 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
373,771
12,703
104,612
491,086
Disposals
(281,001)
(12,703)
-
(293,704)
At 31 March 2025
92,770
-
104,612
197,382
At 1 April 2024
350,932
12,703
80,199
443,834
Charge for the year
9,278
-
10,837
20,115
On disposals
(280,420)
(12,703)
-
(293,123)
At 31 March 2025
79,790
-
91,036
170,826
At 31 March 2025
12,980
-
13,576
26,556
At 31 March 2024
22,839
-
24,413
47,252
Amounts falling due within one year
Trade debtors
6,170
25,981
Other debtors
89,726
82,424
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,000
10,000
Trade creditors
119,538
23,482
Taxes and social security
1,796
22,476
Other creditors
21,337
262,587
Bank loans are secured by a charge on company's assets.
7
Creditors: amounts falling due after more than one year
2025
2024
Redd Europe Limited
Notes to the Accounts
for the year ended 31 March 2025
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).