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Registered number: 05191701
Red Cat Distribution Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Acconomy VFD Limited
Chartered Certified Accountants
Bayside Business Centre
Sovereign Business Park
Poole
Dorset
BH15 3TB
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 05191701
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 78,395 104,248
78,395 104,248
CURRENT ASSETS
Stocks 5 138,568 22,758
Debtors 6 435,903 551,897
Cash at bank and in hand 43,250 35,608
617,721 610,263
Creditors: Amounts Falling Due Within One Year 7 (456,301 ) (471,536 )
NET CURRENT ASSETS (LIABILITIES) 161,420 138,727
TOTAL ASSETS LESS CURRENT LIABILITIES 239,815 242,975
PROVISIONS FOR LIABILITIES
Deferred Taxation (19,598 ) -
NET ASSETS 220,217 242,975
CAPITAL AND RESERVES
Called up share capital 8 102 102
Income Statement 220,115 242,873
SHAREHOLDERS' FUNDS 220,217 242,975
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For the year ending 31 December 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Paul Silverthorn
Director
24th July 2026
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Red Cat Distribution Limited Registered number 05191701 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit 1A, Stone Lane Industrial Estate, Wimborne, Dorset, BH21 1HB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 16.66% straight line basis
Motor Vehicles 25% reducing balance basis
Fixtures & Fittings 25% reducing balance basis
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Coronavirus and going concern
The directors have considered the consequences of COVID-19 and other events and conditions and they have determined they do not create a material uncertainty that cast significant doubt upon the company's ability to continue as a going concern.
3. Average Number of Employees
Average number of employees, including directors, during the year was  5 (2024: 5)
5 5
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2025 4,540 130,786 36,191 171,517
Additions - - 266 266
As at 31 December 2025 4,540 130,786 36,457 171,783
Depreciation
As at 1 January 2025 4,540 28,262 34,467 67,269
Provided during the period - 25,631 488 26,119
As at 31 December 2025 4,540 53,893 34,955 93,388
Net Book Value
As at 31 December 2025 - 76,893 1,502 78,395
As at 1 January 2025 - 102,524 1,724 104,248
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5. Stocks
2025 2024
£ £
Finished goods 138,568 22,758
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 632,254 685,075
Prepayments and accrued income 6,372 6,787
Other debtors (8,412 ) -
Factored debts outstanding (194,311 ) (141,882 )
Deferred tax current asset - 1,917
435,903 551,897
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 355,286 365,317
Corporation tax 52,826 36,188
VAT 35,581 60,131
Other creditors 2,550 2,550
Other creditors (1) 2,708 -
Directors' loan accounts 7,350 7,350
456,301 471,536
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 102 102
9. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 January 2025 Amounts advanced Amounts repaid Amounts written off As at 31 December 2025
£ £ £ £ £
Mr Paul Silverthorn 2,100 - 1,500 - 3,150
Mrs Alison Challis 2,100 - - - 2,100
Mr Spencer Bacon 2,100 - - - 2,100
The above loans are unsecured, interest free and repayable on demand.
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10. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 136,600 136,600
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