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Company Registration No. SC664136 (Scotland)
Red 75 Limited Unaudited accounts for the year ended 30 June 2025
Red 75 Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Red 75 Limited Company Information for the year ended 30 June 2025
Director
Joanna Claire Gray
Company Number
SC664136 (Scotland)
Registered Office
3 Jeffrey Street Edinburgh EH1 1DR Scotland
Accountants
Allsquare (Edinburgh) Ltd Federation House 222-224 Queensferry Road Edinburgh EH4 2BN
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Red 75 Limited Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
760
1,520
Current assets
Debtors
5
3,648
2,448
Cash at bank and in hand
63,628
69,579
67,276
72,027
Creditors: amounts falling due within one year
6
(14,283)
(27,452)
Net current assets
52,993
44,575
Net assets
53,753
46,095
Capital and reserves
Called up share capital
7
1
1
Profit and loss account
53,752
46,094
Shareholders' funds
53,753
46,095
For the year ending 30 June 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 director acknowledges her 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 and authorised for issue on 18 March 2026 and were signed on its behalf by
Joanna Claire Gray Director Company Registration No. SC664136
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Red 75 Limited Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Red 75 Limited is a private company, limited by shares, registered in Scotland, registration number SC664136. The registered office is 3 Jeffrey Street, Edinburgh, EH1 1DR, Scotland.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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
33% straight line
Computer equipment
33% straight line
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 July 2024
2,280
149
2,429
At 30 June 2025
2,280
149
2,429
Depreciation
At 1 July 2024
760
149
909
Charge for the year
760
-
760
At 30 June 2025
1,520
149
1,669
Net book value
At 30 June 2025
760
-
760
At 30 June 2024
1,520
-
1,520
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Red 75 Limited Notes to the Accounts for the year ended 30 June 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
2,453
1,253
Other debtors
1,195
1,195
3,648
2,448
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
3,411
3,496
Trade creditors
3,904
2,450
Taxes and social security
6,631
6,894
Other creditors
86
36
Loans from directors
-
14,497
Accruals
251
79
14,283
27,452
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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