Red Miracle (Shrewsbury) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06283081 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

RED MIRACLE (SHREWSBURY) 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:

06283081 (England and Wales)

ACCOUNTANTS:

Sage & Co

Chartered Accountants

40 High Street

Northwood

Middlesex

HA6 1BN

FIXED ASSETS

Tangible assets

4

48,897

57,797

CURRENT ASSETS

Stocks

5

5,905

5,189

Debtors

6

270,198

127,522

Cash at bank

20,896

130,212

296,999

262,923

CREDITORS

Amounts falling due within one year

7

322,448

290,071

NET CURRENT LIABILITIES

(25,449

)

(27,148

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

23,448

30,649

PROVISIONS FOR LIABILITIES

12,000

14,000

NET ASSETS

11,448

16,649

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

11,348

16,549

SHAREHOLDERS' FUNDS

11,448

16,649

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 (Shrewsbury) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

At the balance sheet date, net liabilities were £11,448. The company has continued to receive support from the shareholder and other lenders. Accordingly, the director expects that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore the financial statements are prepared on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Computer equipment

-

20% 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.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit and loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2024 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

COST

At 1 April 2024

and 31 March 2025

138,000

204,915

18,316

361,231

DEPRECIATION

At 1 April 2024

138,000

151,705

13,729

303,434

Charge for year

-

7,982

918

8,900

At 31 March 2025

138,000

159,687

14,647

312,334

NET BOOK VALUE

At 31 March 2025

-

45,228

3,669

48,897

At 31 March 2024

-

53,210

4,587

57,797

5.

STOCKS

2025

2024

£

Stocks

5,905

5,189

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

141,848

25,447

Other debtors

119,978

69,868

Prepayments and accrued income

8,372

32,207

270,198

127,522

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

53,681

39,672

Social security and other taxes

6,754

6,243

VAT

85,607

30,361

Other creditors

173,214

210,836

Workplace pension scheme

1,322

1,089

Accruals and deferred income

1,870

322,448

290,071

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1

100

9.	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.

10.	OTHER FINANCIAL COMMITMENTS

At the year end, the company had total commitments under operating leases over the remaining life of those leases of approximately £15,750 (2024: £36,750).