REGISTERED NUMBER: 06042243 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

RED MIRACLE (HEREFORD) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Salariya

A Javed

Ms K Saini

REGISTERED OFFICE:

24 Canute House

Durham Wharf Drive

Brentford

Middlesex

TW8 8HP

REGISTERED NUMBER:

06042243 (England and Wales)

ACCOUNTANTS:

Sage & Co

Chartered Accountants

40 High Street

Northwood

Middlesex

HA6 1BN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

42,755

49,779

42,755

49,779

CURRENT ASSETS

Stocks

6

8,094

10,505

Debtors

7

1,925,367

1,783,593

Cash at bank

190,575

113,201

2,124,036

1,907,299

CREDITORS

Amounts falling due within one year

8

436,973

268,623

NET CURRENT ASSETS

1,687,063

1,638,676

TOTAL ASSETS LESS CURRENT LIABILITIES

1,729,818

1,688,455

PROVISIONS FOR LIABILITIES

10,700

12,000

NET ASSETS

1,719,118

1,676,455

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

1,719,018

1,676,355

SHAREHOLDERS' FUNDS

1,719,118

1,676,455

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 31 December 2025 and were signed on its behalf by:

A Salariya - Director

1.	STATUTORY INFORMATION

Red Miracle (Hereford) 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.

Goodwill

Goodwill purchased on acquisition of a business is included in fixed assets and amortised over 10 years in equal annual instalments. The directors consider this period to be a reasonable estimate of the economic life over which the value of the acquired business would be expected to exceed the values of its identifiable assets and liabilities.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Short leasehold

-

10% on cost

Fixtures and fittings

-

15% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 47 (2024 - 42 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

100,000

AMORTISATION

At 1 April 2024

and 31 March 2025

100,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

leasehold

fittings

Totals

£

£

£

COST

At 1 April 2024

367

275,920

276,287

Additions

-

520

520

At 31 March 2025

367

276,440

276,807

DEPRECIATION

At 1 April 2024

111

226,397

226,508

Charge for year

37

7,507

7,544

At 31 March 2025

148

233,904

234,052

NET BOOK VALUE

At 31 March 2025

219

42,536

42,755

At 31 March 2024

256

49,523

49,779

6.

STOCKS

2025

2024

£

£

Stocks

8,094

10,505

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

51,104

53,138

Other debtors

1,863,735

1,690,906

Prepayments and accrued income

10,528

39,549

1,925,367

1,783,593

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

193,894

67,852

Tax

29,965

55,902

Social security and other taxes

13,118

12,431

VAT

133,603

72,420

Other creditors

64,723

58,348

Accruals and deferred income

1,670

1,670

436,973

268,623

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1.00

100

100

10.	CONTINGENT LIABILITIES

The company has given a debenture over company assets in respect of the bank borrowings of Red Miracle Limited, a company under common ownership.

11.	OTHER FINANCIAL COMMITMENTS

At the year end, the company had total commitments under operating leases over the remaining life of those leases of approximately £18,000 (2024: £36,000).