IRIS Accounts Production v24.2.0.383 05451948 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false 495 1031748 8286 1031748 7791 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh054519482022-12-31054519482023-12-31054519482023-01-012023-12-31054519482021-12-31054519482022-01-012022-12-31054519482022-12-3105451948ns15:EnglandWales2023-01-012023-12-3105451948ns14:PoundSterling2023-01-012023-12-3105451948ns10:Director12023-01-012023-12-3105451948ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3105451948ns10:SmallEntities2023-01-012023-12-3105451948ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3105451948ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3105451948ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3105451948ns10:FullAccounts2023-01-012023-12-310545194812023-01-012023-12-310545194842ns10:Director22023-01-012023-12-310545194842ns10:Director22022-01-012022-12-310545194842ns10:Director22023-12-3105451948ns10:Director22023-01-012023-12-3105451948ns10:CompanySecretary12023-01-012023-12-3105451948ns10:RegisteredOffice2023-01-012023-12-3105451948ns5:CurrentFinancialInstruments2023-12-3105451948ns5:CurrentFinancialInstruments2022-12-3105451948ns5:Non-currentFinancialInstruments2023-12-3105451948ns5:Non-currentFinancialInstruments2022-12-3105451948ns5:ShareCapital2023-12-3105451948ns5:ShareCapital2022-12-3105451948ns5:RetainedEarningsAccumulatedLosses2023-12-3105451948ns5:RetainedEarningsAccumulatedLosses2022-12-3105451948ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3105451948ns5:PatentsTrademarksLicencesConcessionsSimilar2023-01-012023-12-3105451948ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-01-012023-12-3105451948ns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-012023-12-3105451948ns5:PlantMachinery2023-01-012023-12-3105451948ns5:FurnitureFittings2023-01-012023-12-3105451948ns5:MotorVehicles2023-01-012023-12-3105451948ns5:IntangibleAssetsOtherThanGoodwill2022-12-3105451948ns5:IntangibleAssetsOtherThanGoodwill2023-12-3105451948ns5:IntangibleAssetsOtherThanGoodwill2022-12-3105451948ns5:LandBuildings2022-12-3105451948ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3105451948ns5:PlantMachinery2022-12-3105451948ns5:LandBuildings2023-01-012023-12-3105451948ns5:LandBuildings2023-12-3105451948ns5:ShortLeaseholdAssetsns5:LandBuildings2023-12-3105451948ns5:PlantMachinery2023-12-3105451948ns5:LandBuildings2022-12-3105451948ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3105451948ns5:PlantMachinery2022-12-3105451948ns5:FurnitureFittings2022-12-3105451948ns5:MotorVehicles2022-12-3105451948ns5:FurnitureFittings2023-12-3105451948ns5:MotorVehicles2023-12-3105451948ns5:FurnitureFittings2022-12-3105451948ns5:MotorVehicles2022-12-3105451948ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3105451948ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3105451948ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3105451948ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3105451948ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3105451948ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31054519481ns10:Director12022-12-31054519481ns10:Director12021-12-31054519481ns10:Director12023-01-012023-12-31054519481ns10:Director12022-01-012022-12-31054519481ns10:Director12023-12-31054519481ns10:Director12022-12-31
REGISTERED NUMBER: 05451948 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Receptek Limited

Receptek Limited (Registered number: 05451948)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Receptek Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: C Glass
Mrs A Glass





SECRETARY: Mrs A Glass





REGISTERED OFFICE: Estate Road 2
South Humberside Industrial Estate
Grimsby
N E Lincolnshire
DN31 2TG





REGISTERED NUMBER: 05451948 (England and Wales)

Receptek Limited (Registered number: 05451948)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 924,960 3,177
Tangible assets 5 851,567 866,063
1,776,527 869,240

CURRENT ASSETS
Stocks 227,890 90,966
Debtors 6 305,410 243,981
Cash at bank 56,921 181,057
590,221 516,004
CREDITORS
Amounts falling due within one year 7 513,922 257,868
NET CURRENT ASSETS 76,299 258,136
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,852,826

1,127,376

CREDITORS
Amounts falling due after more than one
year

8

(1,583,152

)

(720,954

)

PROVISIONS FOR LIABILITIES (5,961 ) (6,264 )
NET ASSETS 263,713 400,158

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 263,711 400,156
SHAREHOLDERS' FUNDS 263,713 400,158

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 19 September 2024 and were signed on its behalf by:



C Glass - Director


Receptek Limited (Registered number: 05451948)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Receptek 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% Buildings on cost - Land Nil
Short leasehold - 20% straight line
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% straight line and 10% on cost
Motor vehicles - 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Receptek Limited (Registered number: 05451948)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 3,700
Additions 945,798
At 31 December 2023 949,498
AMORTISATION
At 1 January 2023 523
Charge for year 24,015
At 31 December 2023 24,538
NET BOOK VALUE
At 31 December 2023 924,960
At 31 December 2022 3,177

5. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1 January 2023 177,225 736,138 30,360
Additions - 34,079 583
At 31 December 2023 177,225 770,217 30,943
DEPRECIATION
At 1 January 2023 43,460 36,807 19,613
Charge for year 2,442 38,511 3,351
At 31 December 2023 45,902 75,318 22,964
NET BOOK VALUE
At 31 December 2023 131,323 694,899 7,979
At 31 December 2022 133,765 699,331 10,747

Receptek Limited (Registered number: 05451948)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023 99,226 31,550 1,074,499
Additions 1,016 - 35,678
At 31 December 2023 100,242 31,550 1,110,177
DEPRECIATION
At 1 January 2023 88,205 20,351 208,436
Charge for year 3,630 2,240 50,174
At 31 December 2023 91,835 22,591 258,610
NET BOOK VALUE
At 31 December 2023 8,407 8,959 851,567
At 31 December 2022 11,021 11,199 866,063

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 31,550
Transfer to ownership (31,550 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 20,351
Charge for year 2,240
Transfer to ownership (22,591 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 11,199

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 176,520 140,960
Other debtors 128,890 103,021
305,410 243,981

Receptek Limited (Registered number: 05451948)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts - 2,530
Trade creditors 460,687 209,011
Taxation and social security 15,800 26,222
Other creditors 37,435 20,105
513,922 257,868

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 1,583,152 720,954

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
C Glass and Mrs A Glass
Balance outstanding at start of year - -
Amounts advanced 495 1,031,748
Amounts repaid (8,286 ) (1,031,748 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,791 ) -

10. ULTIMATE CONTROLLING PARTY

The ultimate parent company and controlling party is Agile Group Holdings Ltd, a company incorporated in England & Wales.