Red Evolution Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 01947860 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Red Evolution Ltd

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr D A Robinson

Ms C Rose

Ms J Mitchell-Mehta

SECRETARY:

Mr D A Robinson

REGISTERED OFFICE:

Doubletree Court

10A Cavendish Street

Ulverston

Cumbria

LA12 7AD

REGISTERED NUMBER:

01947860 (England and Wales)

ACCOUNTANTS:

R F Miller & Co Ltd

Doubletree Court

10a Cavendish Street

Ulverston

Cumbria

LA12 7AD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.

You have acknowledged on the balance sheet as at 31 March 2026 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

R F Miller & Co Ltd

Doubletree Court

10a Cavendish Street

Ulverston

Cumbria

LA12 7AD

Date: .............................................

FIXED ASSETS

Intangible assets

4

4,000

5,000

Tangible assets

5

16,817

21,722

20,817

26,722

CURRENT ASSETS

Debtors

6

215,272

231,378

Cash at bank and in hand

208,575

122,752

423,847

354,130

CREDITORS

Amounts falling due within one year

7

94,671

81,835

NET CURRENT ASSETS

329,176

272,295

TOTAL ASSETS LESS CURRENT
LIABILITIES

349,993

299,017

CREDITORS

Amounts falling due after more than one
year

8

-

(3,232

)

PROVISIONS FOR LIABILITIES

(2,796

)

(3,729

)

NET ASSETS

347,197

292,056

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

10

347,097

291,956

SHAREHOLDERS' FUNDS

347,197

292,056

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 6 October 2026 and were signed on its behalf by:

Mr D A Robinson - Director

1.	STATUTORY INFORMATION

Red Evolution Ltd 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

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.

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 8 (2025 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2025

and 31 March 2026

10,000

AMORTISATION

At 1 April 2025

5,000

Charge for year

1,000

At 31 March 2026

6,000

NET BOOK VALUE

At 31 March 2026

4,000

At 31 March 2025

5,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

Totals

£

COST

At 1 April 2025

and 31 March 2026

2,100

5,833

81,119

89,052

DEPRECIATION

At 1 April 2025

-

3,772

63,558

67,330

Charge for year

-

515

4,390

4,905

At 31 March 2026

-

4,287

67,948

72,235

NET BOOK VALUE

At 31 March 2026

2,100

1,546

13,171

16,817

At 31 March 2025

2,100

2,061

17,561

21,722

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade debtors

60,496

80,520

Other debtors

151,000

150,000

Prepayments

3,776

858

215,272

231,378

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Bank loans and overdrafts

3,339

10,107

Trade creditors

4,796

725

Tax

45,847

24,676

VAT

32,815

31,866

Other creditors

393

1,230

Directors' current accounts

457

302

Accrued expenses

1,210

5,177

Deferred government grants

5,814

7,752

94,671

81,835

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.26

31.3.25

£

Bank loans - 1-2 years

-

3,232

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

51

Ordinary A Class

£1

51

39

Ordinary B Class

£1

39

10

Ordinary C Class

£1

10

100

10.

RESERVES

Retained

earnings

£

At 1 April 2025

291,956

Profit for the year

137,385

Dividends

(82,244

)

At 31 March 2026

347,097

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors due within one year are amounts due to the directors of £457 (2025: £301). The directors' current account was not overdrawn at any time during the current or previous years.

12.	RELATED PARTY DISCLOSURES

During the year, the directors received dividends as follows:

Mr D A Robinson - £37,844 (2025: £37,844)

Ms C Rose - £30,600 (2025: £31,350)

Ms J Mitchell-Mehta - £13,800 (2025: £14,050)

13.	ULTIMATE CONTROLLING PARTY

The company was under the control of Mr D A Robinson.