Company Registration No. 08991966 (England and Wales)
Redd Retail Limited
Unaudited accounts
for the year ended 31 March 2026
Redd Retail Limited
Statement of financial position
as at 31 March 2026
Tangible assets
168,231
197,377
Cash at bank and in hand
175,859
87,457
Creditors: amounts falling due within one year
(479,013)
(366,294)
Net current assets
333,484
549,768
Total assets less current liabilities
501,715
747,145
Creditors: amounts falling due after more than one year
(44,995)
(88,058)
Provisions for liabilities
Deferred tax
(17,318)
(23,303)
Net assets
439,402
635,784
Called up share capital
100
100
Profit and loss account
439,302
635,684
Shareholders' funds
439,402
635,784
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 3 August 2026 and were signed on its behalf by
Karl J Turnbull
Director
Company Registration No. 08991966
Redd Retail Limited
Notes to the Accounts
for the year ended 31 March 2026
Redd Retail Limited is a private company, limited by shares, registered in England and Wales, registration number 08991966. The registered office is John O'Gaunt House, Station Road, John Q'Gaunt, Melton Mowbray, Leicestershire, LE14 2RE.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
25% straight line
Motor vehicles
25% straight line
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Redd Retail Limited
Notes to the Accounts
for the year ended 31 March 2026
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2025
104,167
61,357
107,940
273,464
Additions
-
3,922
7,914
11,836
At 31 March 2026
104,167
65,279
115,854
285,300
At 1 April 2025
-
39,501
36,586
76,087
Charge for the year
5,208
12,208
23,566
40,982
At 31 March 2026
5,208
51,709
60,152
117,069
At 31 March 2026
98,959
13,570
55,702
168,231
At 31 March 2025
104,167
21,856
71,354
197,377
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
55,702
71,354
Amounts falling due within one year
Trade debtors
150,841
584,499
Amounts due from group undertakings etc.
384,773
114,106
Other debtors
101,024
130,000
6
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
8,000
40,000
Obligations under finance leases and hire purchase contracts
9,085
29,898
Trade creditors
190,825
113,754
Amounts owed to group undertakings and other participating interests
197,447
74,436
Taxes and social security
57,136
98,727
Other creditors
16,520
9,479
Redd Retail Limited
Notes to the Accounts
for the year ended 31 March 2026
7
Creditors: amounts falling due after more than one year
2026
2025
Obligations under finance leases and hire purchase contracts
44,995
72,058
8
Average number of employees
During the year the average number of employees was 23 (2025: 23).