Red Squirrel Retail Limited

Contents

Abridged Balance Sheet	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 5

Red Squirrel Retail Limited

(Registration number: 13174073)
Abridged Balance Sheet as at 30 April 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	-	6,000
Tangible assets	5	306	822
		306	6,822
Current assets
Stocks		144,669	138,692
Debtors		288	6,535
Cash at bank and in hand		1,162	3,926
		146,119	149,153
Creditors: Amounts falling due within one year		(89,403)	(105,228)
Net current assets		56,716	43,925
Net assets		57,022	50,747
Capital and reserves
Called up share capital		100	100
Profit and loss account		56,922	50,647
Total equity		57,022	50,747

Red Squirrel Retail Limited

(Registration number: 13174073)
Abridged Balance Sheet as at 30 April 2026

For the financial year ending 30 April 2026 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 of its accounts for the year in question in accordance with section 476; and
	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 10 July 2026 and signed on its behalf by:
 

Mr S J Ryrie

Director

Red Squirrel Retail Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales (registered company number 13174073).

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the Board on 10 July 2026.

2	Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and Fittings	25% Straight line basis

Red Squirrel Retail Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2026

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	20% Straight line basis

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2025 - 6).

Red Squirrel Retail Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2026

4	Intangible assets

	Total £
Cost or valuation
At 1 May 2025	30,000
At 30 April 2026	30,000
Amortisation
At 1 May 2025	24,000
Amortisation charge	6,000
At 30 April 2026	30,000
Carrying amount
At 30 April 2026	-
At 30 April 2025	6,000

5	Tangible assets

	Total £
Cost or valuation
At 1 May 2025	2,066
At 30 April 2026	2,066
Depreciation
At 1 May 2025	1,244
Charge for the year	516
At 30 April 2026	1,760
Carrying amount
At 30 April 2026	306
At 30 April 2025	822

6	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2025 - £29,000).

	2026 £	2025 £
Less than 1 year	-	29,000