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REGISTERED NUMBER: 07357071 (England and Wales)















CRI REELS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






CRI REELS LIMITED (REGISTERED NUMBER: 07357071)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CRI REELS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: M Bowness
B Cox
J Cox





SECRETARY: Indigo Secretaries Limited





REGISTERED OFFICE: 3 Kensworth Gate
200-204 High Street South
Dunstable
Bedfordshire
LU6 3HS





REGISTERED NUMBER: 07357071 (England and Wales)





ACCOUNTANTS: Higginson & Co (UK) Ltd
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

CRI REELS LIMITED (REGISTERED NUMBER: 07357071)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,379 3,282

CURRENT ASSETS
Stocks 191,914 233,603
Debtors 5 789,443 588,049
Cash at bank 79,396 82,904
1,060,753 904,556
CREDITORS
Amounts falling due within one year 6 2,188,309 1,871,028
NET CURRENT LIABILITIES (1,127,556 ) (966,472 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,125,177

)

(963,190

)

CREDITORS
Amounts falling due after more than one
year

7

616,331

618,705
NET LIABILITIES (1,741,508 ) (1,581,895 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (1,741,608 ) (1,581,995 )
SHAREHOLDERS' FUNDS (1,741,508 ) (1,581,895 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

CRI REELS LIMITED (REGISTERED NUMBER: 07357071)

BALANCE SHEET - continued
31 DECEMBER 2024


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 17 June 2025 and were signed on its behalf by:





M Bowness - Director


CRI REELS LIMITED (REGISTERED NUMBER: 07357071)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

CRI Reels 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.
Plant and machinery etc - 50% on cost and 20% on cost

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.

CRI REELS LIMITED (REGISTERED NUMBER: 07357071)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2024
and 31 December 2024 3,610
DEPRECIATION
At 1 January 2024 328
Charge for year 903
At 31 December 2024 1,231
NET BOOK VALUE
At 31 December 2024 2,379
At 31 December 2023 3,282

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 89,251 125,157
Other debtors 700,192 462,892
789,443 588,049

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts (see note 8) 10,225 9,973
Trade creditors 9,012 19,933
Social security and other taxes 5,909 6,631
VAT 2,458 968
Associated companies 2,001,753 1,814,760
Directors' current accounts 2,311 2,191
Accrued expenses 156,641 16,572
2,188,309 1,871,028

CRI REELS LIMITED (REGISTERED NUMBER: 07357071)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans (see note 8) 11,369 21,594
Associated company 604,962 597,111
616,331 618,705

8. LOANS

An analysis of the maturity of loans is given below:

31.12.24 31.12.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,225 9,973

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,484 10,225

Amounts falling due between two and five years:
Bank loans - 2-5 years 885 11,369

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
M Bowness
Balance outstanding at start of year 2,191 7,264
Amounts advanced 120 -
Amounts repaid - (5,073 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,311 2,191

CRI REELS LIMITED (REGISTERED NUMBER: 07357071)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


11. RELATED PARTY DISCLOSURES

The company trades with other companies under common control.

All transactions between the companies are at open market value.

Intercompany balances at 31st December 2024 were as follows

Amounts due within 1 year

Debit balances

Reelcare Limited £598,573 (2023 £354,418)
Reelcare SA £89,245 (2023 £101,215)
Gatecare Limited £2,355 (2023 £609
Reelcare Middle East Ltd £2,374 (2023 £nil)

Credit balances included in trade creditors

Cox Reels Inc. £1,709,756 (2023 £1,589,013)
Reelcare Limited £-974(2023 £nil)
Gatecare Limited £292,971 (2023 £225,507
JPI Industrial & Automotive Limited £nil (2023 £241)

Intercompany loans due after more than 1 year

Cox Reels Inc. £604,962(2023 £597,111)