Company Registration No. 08991966 (England and Wales)
Redd Retail Limited
Unaudited accounts
for the year ended 31 March 2025
Redd Retail Limited
Statement of financial position
as at 31 March 2025
Tangible assets
197,377
48,651
Cash at bank and in hand
87,457
331,997
Creditors: amounts falling due within one year
(366,294)
(500,262)
Net current assets
549,768
772,260
Total assets less current liabilities
747,145
820,911
Creditors: amounts falling due after more than one year
(88,058)
(80,114)
Provisions for liabilities
Deferred tax
(23,303)
(12,163)
Net assets
635,784
728,634
Called up share capital
100
100
Profit and loss account
635,684
728,534
Shareholders' funds
635,784
728,634
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. 08991966
Redd Retail Limited
Notes to the Accounts
for the year ended 31 March 2025
Redd Retail Limited is a private company, limited by shares, registered in England and Wales, registration number 08991966. The registered office is John O'Gaunt House, Station Road, John Q'Gaunt, Melton Mowbray, Leicestershire, LE14 2RE.
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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.
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:
Plant & machinery
25% straight line
Motor vehicles
25% straight line
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.
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 Retail 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
-
59,844
29,995
89,839
Additions
104,167
1,513
77,945
183,625
At 31 March 2025
104,167
61,357
107,940
273,464
At 1 April 2024
-
26,190
14,998
41,188
Charge for the year
-
13,311
21,588
34,899
At 31 March 2025
-
39,501
36,586
76,087
At 31 March 2025
104,167
21,856
71,354
197,377
At 31 March 2024
-
33,654
14,997
48,651
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
71,354
14,997
Amounts falling due within one year
Trade debtors
584,499
263,260
Amounts due from group undertakings etc.
114,106
598,237
Accrued income and prepayments
-
51,447
Other debtors
130,000
27,581
Redd Retail Limited
Notes to the Accounts
for the year ended 31 March 2025
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
40,000
40,000
Obligations under finance leases and hire purchase contracts
29,898
3,947
Trade creditors
113,754
312,537
Amounts owed to group undertakings and other participating interests
74,436
73,893
Taxes and social security
98,727
38,077
Other creditors
9,479
4,557
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
72,058
16,114
8
Average number of employees
During the year the average number of employees was 23 (2024: 21).