RED10 DEV LIMITED - Filleted accounts

Registered number

06795712

RED10 DEV LIMITED

Unaudited Filleted Accounts

31 March 2026

RED10 DEV LIMITED
Registered number:		06795712
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	4		3,248			7,053

Current assets
Debtors	5	417,757			316,197
Cash at bank and in hand		640,934			579,500
		1,058,691			895,697

Creditors: amounts falling due within one year	6	(323,342)			(301,209)

Net current assets			735,349			594,488

Total assets less current liabilities			738,597			601,541


Provisions for liabilities			(1,100)			(1,764)


Net assets			737,497			599,777

Capital and reserves
Called up share capital			100			100
Profit and loss account			737,397			599,677

Shareholders' funds			737,497			599,777

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr W K Sudworth
Director
Approved by the board on 14 October 2026

RED10 DEV LIMITED
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			over 3 years
	Fixtures, fittings, tools and equipment			over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.




	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					4		4


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 April 2025							5,000
	At 31 March 2026							5,000

	Amortisation
	At 1 April 2025							5,000
	At 31 March 2026							5,000

	Net book value
	At 31 March 2026							-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.





4	Tangible fixed assets
				Plant and machinery etc		Motor vehicles		Total
£					£		£
	Cost
	At 1 April 2025			11,169		98,006		109,175
	Additions			2,591		-		2,591
	At 31 March 2026			13,760		98,006		111,766

	Depreciation
	At 1 April 2025			7,553		94,569		102,122
	Charge for the year			2,959		3,437		6,396
	At 31 March 2026			10,512		98,006		108,518

	Net book value
	At 31 March 2026			3,248		-		3,248
	At 31 March 2025			3,616		3,437		7,053


5	Debtors					2026		2025
£							£

	Trade debtors					300,661		222,394
	Other debtors					117,096		93,803
						417,757		316,197


6	Creditors: amounts falling due within one year					2026		2025
£							£

	Trade creditors					61,868		47,983
	Taxation and social security costs					110,022		100,944
	Other creditors					151,452		152,282
						323,342		301,209


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr W K Sudworth
	[Loan 1]	-		1,240		-		1,240
	[Loan 2]	-		677		-		677

		-		1,917		-		1,917


	During the year the company made unsecured advances to a director amounting to £ 1,917. This amount was outstanding at the year-end and is included within current assets. The full amount has been repaid by the balance sheet signing date.


8	Other information

	RED10 DEV LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	111 Piccadilly
	Manchester
	M1 2HY