REGISTERED NUMBER: 01743398 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Reddispares Discount Services

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Robins

A Robins

SECRETARY:

B Robins

REGISTERED OFFICE:

217 Mount Pleasant

Southcrest

Redditch

Worcestershire

B97 4JG

REGISTERED NUMBER:

01743398 (England and Wales)

ACCOUNTANTS:

Dalton Pardoe Limited

Chartered Accountants

794 High Street

Kingswinford

West Midlands

DY6 8BQ

FIXED ASSETS

Tangible assets

4

43,830

51,942

CURRENT ASSETS

Stocks

204,750

179,250

Debtors

5

177,945

38,695

Cash at bank and in hand

106,373

278,295

489,068

496,240

CREDITORS

Amounts falling due within one year

6

181,147

197,008

NET CURRENT ASSETS

307,921

299,232

TOTAL ASSETS LESS CURRENT LIABILITIES

351,751

351,174

CREDITORS

Amounts falling due after more than one year

7

(8,320

)

(14,698

)

PROVISIONS FOR LIABILITIES

(10,957

)

(9,869

)

NET ASSETS

332,474

326,607

CAPITAL AND RESERVES

Called up share capital

8

15,100

15,100

Retained earnings

9

317,374

311,507

SHAREHOLDERS' FUNDS

332,474

326,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 24 October 2025 and were signed on its behalf by:

B Robins - Director

1.	STATUTORY INFORMATION

Reddispares Discount Services 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.

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% 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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2024

7,000

23,173

62,094

7,428

99,695

Additions

-

-

-

134

134

At 28 February 2025

7,000

23,173

62,094

7,562

99,829

DEPRECIATION

At 1 March 2024

280

12,129

28,696

6,648

47,753

Charge for year

280

1,104

6,679

183

8,246

At 28 February 2025

560

13,233

35,375

6,831

55,999

NET BOOK VALUE

At 28 February 2025

6,440

9,940

26,719

731

43,830

At 29 February 2024

6,720

11,044

33,398

780

51,942

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

31,900

38,695

Amounts owed by associates

144,303

-

VAT

1,742

-

177,945

38,695

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

13,329

23,333

Hire purchase contracts

7,686

7,686

Trade creditors

73,712

74,360

Amounts owed to associates

-

14,876

Tax

63,005

38,250

Social security and other taxes

8,965

29,135

VAT

-

5,461

Directors' current accounts

9,973

-

Accrued expenses

4,477

3,907

181,147

197,008

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts

8,320

14,698

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

15,100

Ordinary

£1

15,100

15,100

9.

RESERVES

Retained

earnings

£

At 1 March 2024

311,507

Profit for the year

75,867

Dividends

(70,000

)

At 28 February 2025

317,374

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Reddispares Holdings Limited.

The ultimate controlling party is B Robins.