1 April 2025 false No description of principal activity Taxfiler 2024.6 SC294252 business:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 SC294252 2025-03-31 SC294252 2025-04-01 2026-03-31 SC294252 business:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 SC294252 business:FilletedAccounts 2025-04-01 2026-03-31 SC294252 2026-03-31 SC294252 business:Director1 2025-04-01 2026-03-31 SC294252 business:Director2 2025-04-01 2026-03-31 SC294252 business:RegisteredOffice 2025-04-01 2026-03-31 SC294252 2025-03-31 SC294252 core:WithinOneYear 2026-03-31 SC294252 core:WithinOneYear 2025-03-31 SC294252 core:AfterOneYear 2026-03-31 SC294252 core:AfterOneYear 2025-03-31 SC294252 core:ShareCapital core:PreviouslyStatedAmount 2026-03-31 SC294252 core:ShareCapital core:PreviouslyStatedAmount 2025-03-31 SC294252 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2026-03-31 SC294252 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-03-31 SC294252 core:PreviouslyStatedAmount 2026-03-31 SC294252 core:PreviouslyStatedAmount 2025-03-31 SC294252 business:SmallEntities 2025-04-01 2026-03-31 SC294252 countries:Scotland 2025-04-01 2026-03-31 SC294252 core:MotorVehicles 2025-04-01 2026-03-31 SC294252 core:ComputerEquipment 2025-04-01 2026-03-31 SC294252 core:LandBuildings 2025-03-31 SC294252 core:FurnitureFittings 2025-03-31 SC294252 core:ComputerEquipment 2025-03-31 SC294252 core:LandBuildings 2026-03-31 SC294252 core:FurnitureFittings 2026-03-31 SC294252 core:ComputerEquipment 2026-03-31 SC294252 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure
Company Registration No. SC294252 (Scotland)
REDSTAR (UK) LIMITED Unaudited accounts for the year ended 31 March 2026
REDSTAR (UK) LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
REDSTAR (UK) LIMITED Company Information for the year ended 31 March 2026
Directors
Gillian Bain Graeme Bain
Company Number
SC294252 (Scotland)
Registered Office
25 GRATTAN PLACE GRATTAN PLACE FRASERBURGH AB43 9SD SCOTLAND
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
- 3 -
REDSTAR (UK) LIMITED Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
185,467
185,467
Current assets
Debtors
5
550
550
Cash at bank and in hand
39
84
589
634
Creditors: amounts falling due within one year
6
(171,141)
(147,683)
Net current liabilities
(170,552)
(147,049)
Total assets less current liabilities
14,915
38,418
Creditors: amounts falling due after more than one year
7
(28,190)
(31,487)
Net (liabilities)/assets
(13,275)
6,931
Capital and reserves
Called up share capital
2
2
Profit and loss account
(13,277)
6,929
Shareholders' funds
(13,275)
6,931
For the year ending 31 March 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2026 and were signed on its behalf by
Gillian Bain Director Company Registration No. SC294252
- 4 -
REDSTAR (UK) LIMITED Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
REDSTAR (UK) LIMITED is a private company, limited by shares, registered in Scotland, registration number SC294252. The registered office is 25 GRATTAN PLACE, GRATTAN PLACE, FRASERBURGH, AB43 9SD, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
21.1% Straight Line
Computer equipment
4.1% Straight Line
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2025
186,116
2,922
3,184
192,222
At 31 March 2026
186,116
2,922
3,184
192,222
Depreciation
At 1 April 2025
649
2,922
3,184
6,755
At 31 March 2026
649
2,922
3,184
6,755
Net book value
At 31 March 2026
185,467
-
-
185,467
At 31 March 2025
185,467
-
-
185,467
- 5 -
REDSTAR (UK) LIMITED Notes to the Accounts for the year ended 31 March 2026
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Other debtors
550
550
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
2,771
3,243
Taxes and social security
(755)
(460)
Loans from directors
168,826
144,601
Accruals
299
299
171,141
147,683
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
28,190
31,487
8
Average number of employees
During the year the average number of employees was 2 (2025: 2).
- 6 -