REGISTERED NUMBER: 07170103 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

RED COMPOSITES (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

DIRECTORS:

I J Cranwell

J R L Dolby

REGISTERED OFFICE:

24 Manners View

Newport

Isle of Wight

PO30 5FA

REGISTERED NUMBER:

07170103 (England and Wales)

ACCOUNTANTS:

Bright Brown Limited

Chartered Accountants

Exchange House

St. Cross Lane

Newport

Isle of Wight

PO30 5BZ

FIXED ASSETS

Tangible assets

4

41,770

52,073

CURRENT ASSETS

Stocks

208,023

217,585

Debtors

5

275,277

326,478

Cash at bank and in hand

1,290,407

976,962

1,773,707

1,521,025

CREDITORS

Amounts falling due within one year

6

462,915

446,434

NET CURRENT ASSETS

1,310,792

1,074,591

TOTAL ASSETS LESS CURRENT LIABILITIES

1,352,562

1,126,664

PROVISIONS FOR LIABILITIES

10,442

12,753

NET ASSETS

1,342,120

1,113,911

CAPITAL AND RESERVES

Called up share capital

300

300

Share premium

49,900

49,900

Retained earnings

1,291,920

1,063,711

SHAREHOLDERS' FUNDS

1,342,120

1,113,911

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 21 May 2026 and were signed on its behalf by:

J R L Dolby - Director

I J Cranwell - Director

1.	STATUTORY INFORMATION

Red Composites (UK) 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.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 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 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.

Foreign currencies

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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 12 (2025 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2025

330,349

Additions

6,160

Disposals

(56,753

)

At 28 February 2026

279,756

DEPRECIATION

At 1 March 2025

278,276

Charge for year

15,040

Eliminated on disposal

(55,330

)

At 28 February 2026

237,986

NET BOOK VALUE

At 28 February 2026

41,770

At 28 February 2025

52,073

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

267,104

318,450

Other debtors

8,173

8,028

275,277

326,478

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

127,139

173,366

Taxation and social security

333,126

270,482

Other creditors

2,650

2,586

462,915

446,434

7.	OTHER FINANCIAL COMMITMENTS

The company is committed to a non-cancellable operating lease at the year end totalling £90,000 (2025 - £nil). Total payable per annum is £30,000 and the company can exit the lease with 3 months notice on annual anniversaries.