REGISTERED NUMBER: 04329740 (England and Wales)

Financial statements for the year ended 31 December 2025

For

RED ELECTRIC DESIGNS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Meskauskas

G M McCarthy

REGISTERED OFFICE:

Unit J, Chesham Close

Romford

Essex

RM7 7PJ

REGISTERED NUMBER:

04329740 (England and Wales)

ACCOUNTANTS:

BBK Partnership Limited

Chartered Accountants

Suite 2C, Brosnan House

175 Darkes Lane

Potters Bar

Hertfordshire

EN6 1BW

FIXED ASSETS

Tangible assets

4

402,629

436,856

CURRENT ASSETS

Stocks

5

8,725

9,326

Debtors

6

613,819

2,364,084

Cash at bank and in hand

2,871,129

1,656,962

3,493,673

4,030,372

CREDITORS

Amounts falling due within one year

7

687,737

1,322,135

NET CURRENT ASSETS

2,805,936

2,708,237

TOTAL ASSETS LESS CURRENT LIABILITIES

3,208,565

3,145,093

CREDITORS

Amounts falling due after more than one year

8

-

(123,165

)

PROVISIONS FOR LIABILITIES

11

(90,486

)

(98,394

)

NET ASSETS

3,118,079

2,923,534

CAPITAL AND RESERVES

Called up share capital

12

120

120

Retained earnings

3,117,959

2,923,414

SHAREHOLDERS' FUNDS

3,118,079

2,923,534

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2026 and were signed on its behalf by:

G Meskauskas - Director

1.	STATUTORY INFORMATION

RED ELECTRIC DESIGNS 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures, fittings & equipment

-

25% on reducing balance

Motor vehicles

-

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Long term contracts

Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales of the work done after provisions for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments received on account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

Plant and

fittings

Motor

machinery

& equipment

vehicles

Totals

£

£

£

£

COST

At 1 January 2025

315,592

465,621

383,131

1,164,344

Additions

43,657

25,736

-

69,393

Disposals

-

-

(41,807

)

(41,807

)

At 31 December 2025

359,249

491,357

341,324

1,191,930

DEPRECIATION

At 1 January 2025

151,090

317,221

259,177

727,488

Charge for year

39,288

33,111

27,540

99,939

Eliminated on disposal

-

-

(38,126

)

(38,126

)

At 31 December 2025

190,378

350,332

248,591

789,301

NET BOOK VALUE

At 31 December 2025

168,871

141,025

92,733

402,629

At 31 December 2024

164,502

148,400

123,954

436,856

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2025

137,658

Transfer to ownership

(84,478

)

At 31 December 2025

53,180

DEPRECIATION

At 1 January 2025

78,173

Charge for year

13,865

Transfer to ownership

(60,547

)

At 31 December 2025

31,491

NET BOOK VALUE

At 31 December 2025

21,689

At 31 December 2024

59,485

5.

STOCKS

31.12.25

31.12.24

£

£

Stocks

8,725

9,326

6.

DEBTORS

31.12.25

31.12.24

£

£

Amounts falling due within one year:

Trade debtors

32,957

639,421

Amounts owed by group undertakings

561

50,561

Amounts recoverable on contract

324,346

527,567

Tax recoverable

-

112,703

Loan to director

129,137

-

VAT

45,955

321,548

Prepayments

80,863

69,993

613,819

1,721,793

Amounts falling due after more than one year:

Amounts owed by group undertakings

-

642,291

Aggregate amounts

613,819

2,364,084

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts (see note 9)

120,063

160,000

Hire purchase contracts

2,970

25,015

Trade creditors

291,677

807,569

Tax

98,894

-

Social security and other taxes

74,851

89,432

Accrued expenses

99,282

240,119

687,737

1,322,135

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans (see note 9)

-

120,195

Hire purchase contracts

-

2,970

-

123,165

9.

LOANS

An analysis of the maturity of loans is given below:

31.12.25

31.12.24

£

£

Amounts falling due within one year or on demand:

Bank loans

120,063

160,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

120,195

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank loans

120,063

280,195

Hire purchase contracts

2,970

27,985

123,033

308,180

The bank loan is secured by way of a fixed and floating charge over the assets of the company together with a cross guarantee with its parent company, Red Group 2016 Limited.

The hire purchase contracts are secured on the assets concerned.

11.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

Accelerated capital allowances

90,486

98,394

Deferred

tax

£

Balance at 1 January 2025

98,394

Provided during year

(7,908

)

Balance at 31 December 2025

90,486

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

120

Ordinary

£1

120

120

13.	RELATED PARTY DISCLOSURES

14.	ULTIMATE CONTROLLING PARTY