Red Horse Vale Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04706341 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

RED HORSE VALE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

T E Hoggins

M C Hoggins

REGISTERED OFFICE:

Windmill Farm

Banbury Road

Oxhill

WARWICK

CV35 0RP

REGISTERED NUMBER:

04706341 (England and Wales)

ACCOUNTANTS:

Bernard Rogers & Co

Payton House

Guild Street

Stratford-upon-Avon

Warwickshire

CV37 6RP

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

1,685,947

1,932,051

Investments

6

2

1,685,949

1,932,053

CURRENT ASSETS

Stocks

1,157,612

1,085,460

Debts

Debts factored without recourse

(359,366

)

-

7

(359,366

)

-

Debtors

7

2,018,540

1,510,967

Cash at bank and in hand

232,224

372,908

3,049,010

2,969,335

CREDITORS

Amounts falling due within one year

8

2,571,629

2,796,853

NET CURRENT ASSETS

477,381

172,482

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,163,330

2,104,535

CREDITORS

Amounts falling due after more than one
year

9

(462,988

)

(586,243

)

PROVISIONS FOR LIABILITIES

(165,540

)

(201,123

)

NET ASSETS

1,534,802

1,317,169

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

1,534,800

1,317,167

1,534,802

1,317,169

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 3 December 2025 and were signed on its behalf by:

T E Hoggins - Director

M C Hoggins - Director

1.	STATUTORY INFORMATION

Red Horse Vale 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, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of two years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 45 (2024 - 46 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

40,000

AMORTISATION

At 1 May 2024

and 30 April 2025

40,000

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

COST

At 1 May 2024

1,041,704

1,588,682

1,631,682

4,262,068

Additions

-

62,158

60,996

123,154

Disposals

(5,294

)

(138,552

)

(16,948

)

(160,794

)

At 30 April 2025

1,036,410

1,512,288

1,675,730

4,224,428

DEPRECIATION

At 1 May 2024

193,481

1,051,418

1,085,118

2,330,017

Charge for year

41,668

149,856

151,890

343,414

Eliminated on disposal

(2,274

)

(118,682

)

(13,994

)

(134,950

)

At 30 April 2025

232,875

1,082,592

1,223,014

2,538,481

NET BOOK VALUE

At 30 April 2025

803,535

429,696

452,716

1,685,947

At 30 April 2024

848,223

537,264

546,564

1,932,051

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 May 2024

301,385

901,339

1,202,724

Additions

-

60,996

Disposals

-

(16,948

)

(16,948

)

Transfer to ownership

(186,974

)

(340,630

)

(527,604

)

At 30 April 2025

114,411

604,757

719,168

DEPRECIATION

At 1 May 2024

120,433

502,638

623,071

Charge for year

13,150

89,615

102,765

Eliminated on disposal

-

(13,994

)

(13,994

)

Transfer to ownership

(58,623

)

(242,350

)

(300,973

)

At 30 April 2025

74,960

335,909

410,869

NET BOOK VALUE

At 30 April 2025

39,451

268,848

308,299

At 30 April 2024

180,952

398,701

579,653

6.	FIXED ASSET INVESTMENTS

Interest

in other

participating

interests

£

COST

At 1 May 2024

and 30 April 2025

2

NET BOOK VALUE

At 30 April 2025

2

At 30 April 2024

2

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

1,304,361

1,218,107

Amounts owed by participating interests

8,365

10,363

Other debtors

705,814

282,497

2,018,540

1,510,967

Linked presentation:

The directors hereby state that the entity is not obliged to support any losses, nor does it intend to do so.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

24,974

240,996

Hire purchase contracts

194,624

223,531

Trade creditors

1,957,871

2,100,092

Taxation and social security

325,976

169,552

Other creditors

68,184

62,682

2,571,629

2,796,853

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

270,264

303,141

Hire purchase contracts

104,223

194,601

Other creditors

88,501

462,988

586,243

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

151,725

242,969

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Hire purchase contracts

298,847

418,132

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024:

2025

2024

£

T E Hoggins

Balance outstanding at start of year

34,240

-

Amounts advanced

226,958

34,240

Amounts repaid

(34,240

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

226,958

34,240

12.	RELATED PARTY DISCLOSURES

At the balance sheet date other creditors include loans made to the company by the directors as follows:

2025

2024

£

T E Hoggins

1

M C Hoggins

93,755

95,479

The directors will not drawn the following balances within one year:

2025

2024

£

T E Hoggins

1

M C Hoggins

88,500

During the year M C Hoggins net interest was due on the balance of his loan amount to £6,726 (2024 net £6,726).

In addition the company operates from premises owned by the directors, rent was paid to the directors during the year as follows:

2025

2024

£

T E Hoggins

22,400

M C Hoggins

12,000

Personal Guarantees

The directors have personally secured the Natwest Bank Loan.

13.	CONTROLLING PARTY

The controlling party is the directors (jointly).