Reds10 (UK) Limited - Limited company - abbreviated

REGISTERED NUMBER: 05934862 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Reds10 (UK) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr P Ruddick

Mr O Brown

SECRETARY:

Miss A Ruddick

REGISTERED OFFICE:

The Old Church Quicks Road

Wimbledon

London

SW19 1EX

REGISTERED NUMBER:

05934862 (England and Wales)

ACCOUNTANTS:

FPSS Limited

Business Advisers and Accountants

5th Floor

11 Leadenhall Street

London

EC3V 1LP

FIXED ASSETS

Tangible assets

2

30,265

38,651

Investments

3

44,249

200,357

74,514

239,008

CURRENT ASSETS

Stocks

392,580

-

Debtors

793,572

622,123

Cash at bank

90,276

145,697

1,276,428

767,820

CREDITORS

Amounts falling due within one year

843,819

514,907

NET CURRENT ASSETS

432,609

252,913

TOTAL ASSETS LESS CURRENT
LIABILITIES

507,123

491,921

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

507,121

491,919

SHAREHOLDERS' FUNDS

507,123

491,921

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 17 November 2015 and were signed on its behalf by:

Mr P Ruddick - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in

the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for

on-going services is reconsigned by reference to the stage of completions.

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 cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period

of the lease.

Fixed assets investments

Fixed assets investment is stated at cost less provision for any permanent diminution in value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

137,098

Additions

2,933

At 31 March 2015

140,031

DEPRECIATION

At 1 April 2014

98,447

Charge for year

11,319

At 31 March 2015

109,766

NET BOOK VALUE

At 31 March 2015

30,265

At 31 March 2014

38,651

3.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2015

2014

£

Investments in LLP

200,357

Return of investments

(5,533

)

-

Loss on investments

(150,575

)

-

44,249

200,357

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

20

Ordinary

£0.1

2

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £105,263 were paid to the directors .

At the balance sheet date, Reds 10 (UK) Limited owes £124,841 (2014 : £56,339) to the director Mr P Ruddick.

At the balance sheet date, Reds 10 (UK) Limited owes £5,263 (2014 : £Nil) to the director Mr O Brown.

At the Balance Sheet date, Reds 10 Trading Limited owes £249,663 (2014 : £249,663) to Reds 10 (UK) Limited.

During the year, the company received consultancy services of £40,850 (2014: £94,500) from BBL Trading &

Investment Ltd, a business under the control of Mr P Ruddick.

These businesses are controlled by Mr P Ruddick or a member of his immediate family.

6.	CONTROLLING PARTY

The controlling party is Mr P Ruddick.

Reds10 (UK) Limited - Limited company - abbreviated - 11.6

Reds10 (UK) Limited - Limited company - abbreviated - 11.6