Reel Label Solutions (Holdings) Ltd 13914044 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is that of a holding company Digita Accounts Production Advanced 6.30.9574.0 true false true true 13914044 2023-09-01 2024-08-31 13914044 2024-08-31 13914044 bus:OrdinaryShareClass1 2024-08-31 13914044 bus:PreferenceShareClass1 bus:Non-cumulativeNon-redeemableShares 2024-08-31 13914044 core:CurrentFinancialInstruments 2024-08-31 13914044 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 13914044 core:Non-currentFinancialInstruments 2024-08-31 13914044 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 13914044 bus:SmallEntities 2023-09-01 2024-08-31 13914044 bus:Audited 2023-09-01 2024-08-31 13914044 bus:FullAccounts 2023-09-01 2024-08-31 13914044 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 13914044 bus:RegisteredOffice 2023-09-01 2024-08-31 13914044 bus:Director1 2023-09-01 2024-08-31 13914044 bus:Director2 2023-09-01 2024-08-31 13914044 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 13914044 bus:PreferenceShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-09-01 2024-08-31 13914044 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13914044 core:OtherRelatedParties 2023-09-01 2024-08-31 13914044 core:Subsidiary1 2023-09-01 2024-08-31 13914044 core:Subsidiary1 1 2023-09-01 2024-08-31 13914044 core:Subsidiary1 countries:AllCountries 2023-09-01 2024-08-31 13914044 countries:AllCountries 2023-09-01 2024-08-31 13914044 core:CostValuation 2023-08-31 13914044 2022-09-01 2023-08-31 13914044 2023-08-31 13914044 bus:OrdinaryShareClass1 2023-08-31 13914044 bus:PreferenceShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-08-31 13914044 core:CurrentFinancialInstruments 2023-08-31 13914044 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 13914044 core:Non-currentFinancialInstruments 2023-08-31 13914044 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 13914044 core:Subsidiary1 1 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company Registration number: 13914044

Reel Label Solutions (Holdings) Ltd

Financial Statements

for the Year Ended 31 August 2024

 

Reel Label Solutions (Holdings) Ltd

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 7

 

Reel Label Solutions (Holdings) Ltd

(Registration number: 13914044)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

3,072,519

3,072,519

Current assets

 

Debtors

5

2,163

136,067

Cash at bank and in hand

 

7,383

14,642

 

9,546

150,709

Creditors: Amounts falling due within one year

6

(273,908)

(197,328)

Net current liabilities

 

(264,362)

(46,619)

Total assets less current liabilities

 

2,808,157

3,025,900

Creditors: Amounts falling due after more than one year

6

(819,186)

(1,281,704)

Net assets

 

1,988,971

1,744,196

Capital and reserves

 

Called up share capital

7

10,000

10,000

Share premium reserve

1,695,014

1,695,014

Retained earnings

283,957

39,182

Shareholders' funds

 

1,988,971

1,744,196

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 April 2025 and signed on its behalf by:
 

.........................................
Mr C F Duffin
Director

.........................................
Mr J W Wright
Director

 
     
 

Reel Label Solutions (Holdings) Ltd

Notes to the Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 20 East Side
Cambrian Industrial Estate
Coed Cae Lane
Pontyclun
Rhondda Cynon Taff
CF72 9EW

These financial statements were authorised for issue by the Board on 1 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 399 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Going concern

The financial statements have been prepared on a going concern basis.

 

Reel Label Solutions (Holdings) Ltd

Notes to the Financial Statements for the Year Ended 31 August 2024

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 1 April 2025 was Stephen Horrigan FCA, who signed for and on behalf of DHB Accountants Limited.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Reel Label Solutions (Holdings) Ltd

Notes to the Financial Statements for the Year Ended 31 August 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Investments

2024
£

2023
£

Investments in subsidiaries

3,072,519

3,072,519

Subsidiaries

£

Cost or valuation

At 1 September 2023

3,072,519

Provision

Carrying amount

At 31 August 2024

3,072,519

At 31 August 2023

3,072,519

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

Reel Label Solutions (Holdings) Ltd

Notes to the Financial Statements for the Year Ended 31 August 2024

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Reel Label Solutions Limited

Unit 20 East Side Coed Cae Lane, Cambrian Industrial Estate, Pontyclun, Rhondda Cynon Taff, CF72 9EW

UK

Ordinary, Ordinary B, Ordinary C and Ordinary D

100%

100%

Subsidiary undertakings

Reel Label Solutions Limited

The principal activity of Reel Label Solutions Limited is the manufacturer of printed labels.

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

9

2,163

136,067

   

2,163

136,067

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

189,861

113,779

Accruals and deferred income

 

3,500

3,000

Other creditors

 

80,547

80,549

 

273,908

197,328

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £270,408 (2023 - £194,328). The bank loans and other creditors are secured by way of a fixed and floating charge over the assets of the trading subsidiary.

 

Reel Label Solutions (Holdings) Ltd

Notes to the Financial Statements for the Year Ended 31 August 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

758,775

1,140,746

Other non-current financial liabilities

 

60,411

140,958

 

819,186

1,281,704

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £819,186 (2023 - £1,281,704). The bank loans and other creditors are secured by way of a fixed and floating charge over the assets of the trading subsidiary.

Creditors include bank loans repayable by instalments of £47,199 (2023 - £310,749) due after more than five years.

Creditors include bank loans not repayable by instalments of £153,093 (2023 - £209,450) due after more than five years.

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

7,065

7,065

7,065

7,065

Preferred Ordinary of £1 each

2,935

2,935

2,935

2,935

 

10,000

10,000

10,000

10,000

8

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

605,682

650,859

Other borrowings

153,093

489,887

758,775

1,140,746

 

Reel Label Solutions (Holdings) Ltd

Notes to the Financial Statements for the Year Ended 31 August 2024

2024
£

2023
£

Current loans and borrowings

Bank borrowings

189,861

105,638

Other borrowings

-

8,141

189,861

113,779

9

Related party transactions

The company has taken advantage of the exemption provided by section 33 of FRS 102 from the requirement to disclose transactions between wholly owned members of the same group.

Controlling party

In the directors' opinion there is no ultimate controlling party.