REGISTERED NUMBER: 05702566 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

Richard Reed Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

S J Reid

A P Moir

L M Peel

C Spenceley

N Bennell

A Barber

REGISTERED OFFICE:

The Beam

Plater Way

Sunderland

Tyne and Wear

SR1 3AD

REGISTERED NUMBER:

05702566 (England and Wales)

ACCOUNTANTS:

TTR Barnes Limited

Chartered Accountants

3-5 Grange Terrace

Stockton Road

Sunderland

Tyne & Wear

SR2 7DG

FIXED ASSETS

Intangible assets

4

17,329

25,996

Tangible assets

5

363,057

512,104

380,386

538,100

CURRENT ASSETS

Debtors

6

1,450,746

981,114

Cash at bank and in hand

589,241

764,639

2,039,987

1,745,753

CREDITORS

Amounts falling due within one year

7

748,173

523,064

NET CURRENT ASSETS

1,291,814

1,222,689

TOTAL ASSETS LESS CURRENT LIABILITIES

1,672,200

1,760,789

CREDITORS

Amounts falling due after more than one year

8

(341,628

)

(32,329

)

PROVISIONS FOR LIABILITIES

(35,739

)

(2,858

)

NET ASSETS

1,294,833

1,725,602

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,294,831

1,725,600

SHAREHOLDERS' FUNDS

1,294,833

1,725,602

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2026 and were signed on its behalf by:

A P Moir - Director

S J Reid - Director

1.	STATUTORY INFORMATION

Richard Reed 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.

The financial statements have been prepared on the going concern basis, which assumes the company will continue in operational existence for the foreseeable future, which the directors consider to be appropriate.

Fees and commissions

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Where a contract has only been partially completed at the balance sheet date turnover represents the value of service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of creditors due within one year.

£

Fees

1,854,410

Debtors due under contracts - movement

335,685

2,190,095

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life of fifteen years.

Tangible fixed assets

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

Freehold property

-

not provided

Long leasehold

-

10% on cost

Improvements to property

-

20% on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% Straight line and 20% Straight line

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised as transaction value and subsequently measured at their settlement value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

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 41 (2024 - 41 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

130,000

AMORTISATION

At 1 November 2024

104,004

Amortisation for year

8,667

At 31 October 2025

112,671

NET BOOK VALUE

At 31 October 2025

17,329

At 31 October 2024

25,996

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

Long

to

property

leasehold

property

£

£

£

COST

At 1 November 2024

500,000

-

2,239

Additions

-

6,477

213,185

Disposals

(500,000

)

-

-

At 31 October 2025

-

6,477

215,424

DEPRECIATION

At 1 November 2024

-

-

2,084

Charge for year

-

108

32

At 31 October 2025

-

108

2,116

NET BOOK VALUE

At 31 October 2025

-

6,369

213,308

At 31 October 2024

500,000

-

155

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 November 2024

9,759

7,934

53,931

573,863

Additions

-

132,674

4,111

356,447

Disposals

-

-

-

(500,000

)

At 31 October 2025

9,759

140,608

58,042

430,310

DEPRECIATION

At 1 November 2024

5,511

6,255

47,909

61,759

Charge for year

850

336

4,168

5,494

At 31 October 2025

6,361

6,591

52,077

67,253

NET BOOK VALUE

At 31 October 2025

3,398

134,017

5,965

363,057

At 31 October 2024

4,248

1,679

6,022

512,104

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,184,177

752,736

Amounts owed by group undertakings

88,671

109,449

Other debtors

177,898

118,929

1,450,746

981,114

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

48,000

60,000

Trade creditors

3,823

283

Taxation and social security

74,436

272,203

Other creditors

621,914

190,578

748,173

523,064

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

140,000

32,329

Other creditors

201,628

-

341,628

32,329

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

8,133

-

Between one and five years

333,458

-

In more than five years

471,721

-

813,312

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

188,000

-

CBILS Loan

-

39,000

Royal Bank of Scotland

-

53,329

188,000

92,329

The bank overdraft and the Royal Bank of Scotland loan are secured by a fixed a floating charge over the company's assets.

11.	ULTIMATE PARENT COMPANY

On 1 November 2017 the Richard Reed (Holdings) Limited acquired the whole of the issued share capital of Richard Reed Limited.