REGISTERED NUMBER: 08544377 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

RECEPTIVE SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Walmsley

S C Walsh

Mrs S S C Johnson

S Somani

REGISTERED OFFICE:

22B Highfield Industrial Estate

North Street

Chorley

Lancashire

PR7 1QD

REGISTERED NUMBER:

08544377 (England and Wales)

ACCOUNTANTS:

Brown McLeod Limited

Chartered Accountants

The Old Workshop

1 Ecclesall Road South

Sheffield

South Yorkshire

S11 9PA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

75,151

85,854

Investments

6

22,101

-

97,252

85,854

CURRENT ASSETS

Stocks

553,678

171,858

Debtors

7

1,689,187

440,946

Cash at bank

177,328

800,045

2,420,193

1,412,849

CREDITORS

Amounts falling due within one year

8

1,852,440

613,807

NET CURRENT ASSETS

567,753

799,042

TOTAL ASSETS LESS CURRENT LIABILITIES

665,005

884,896

CREDITORS

Amounts falling due after more than one year

9

(1,667

)

(11,690

)

PROVISIONS FOR LIABILITIES

(3,375

)

(3,375

)

NET ASSETS

659,963

869,831

CAPITAL AND RESERVES

Called up share capital

250

244

Share premium

399,990

399,990

Capital redemption reserve

16

-

Retained earnings

259,707

469,597

659,963

869,831

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 September 2025 and were signed on its behalf by:

A J Walmsley - Director

1.	STATUTORY INFORMATION

Receptive Solutions 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

15% on reducing balance and 10% on cost

Plant and machinery etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

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 10 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

5,000

AMORTISATION

At 1 April 2024

and 31 March 2025

5,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

80,000

53,443

133,443

Additions

-

2,248

2,248

At 31 March 2025

80,000

55,691

135,691

DEPRECIATION

At 1 April 2024

16,000

31,589

47,589

Charge for year

8,000

4,951

12,951

At 31 March 2025

24,000

36,540

60,540

NET BOOK VALUE

At 31 March 2025

56,000

19,151

75,151

At 31 March 2024

64,000

21,854

85,854

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

22,101

At 31 March 2025

22,101

NET BOOK VALUE

At 31 March 2025

22,101

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,479,059

331,958

Other debtors

210,128

108,988

1,689,187

440,946

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

346,739

9,915

Trade creditors

126,874

177,591

Amounts owed to associates

77,979

66,000

Taxation and social security

290,985

312,751

Other creditors

1,009,863

47,550

1,852,440

613,807

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,667

11,690

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Invoice financing

963,230

-

During the year the company financed its sales invoices with Natwest Westminster Bank plc at the agreed bank interest rate. Natwest Westminster Bank plc have a floating charge on all the property of the company.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors acting in concert.