REGISTERED NUMBER: 05451948 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Receptek Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C Glass

Mrs A Glass

J W 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)

FIXED ASSETS

Intangible assets

4

830,010

924,960

Tangible assets

5

837,448

851,567

1,667,458

1,776,527

CURRENT ASSETS

Stocks

24,519

227,890

Debtors

6

331,301

305,410

Cash at bank

11,915

56,921

367,735

590,221

CREDITORS

Amounts falling due within one year

7

330,471

513,922

NET CURRENT ASSETS

37,264

76,299

TOTAL ASSETS LESS CURRENT LIABILITIES

1,704,722

1,852,826

CREDITORS

Amounts falling due after more than one year

8

(1,616,485

)

(1,583,152

)

PROVISIONS FOR LIABILITIES

(10,891

)

(5,961

)

NET ASSETS

77,346

263,713

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

77,344

263,711

SHAREHOLDERS' FUNDS

77,346

263,713

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.

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 25 September 2025 and were signed on its behalf by:

C Glass - Director

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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

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 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

949,498

AMORTISATION

At 1 January 2024

24,538

Charge for year

94,950

At 31 December 2024

119,488

NET BOOK VALUE

At 31 December 2024

830,010

At 31 December 2023

924,960

5.	TANGIBLE FIXED ASSETS

Freehold

Short

Plant and

property

leasehold

machinery

£

£

£

COST

At 1 January 2024

177,225

770,217

30,943

Additions

8,652

-

466

At 31 December 2024

185,877

770,217

31,409

DEPRECIATION

At 1 January 2024

45,902

75,318

22,964

Charge for year

2,477

38,511

3,455

At 31 December 2024

48,379

113,829

26,419

NET BOOK VALUE

At 31 December 2024

137,498

656,388

4,990

At 31 December 2023

131,323

694,899

7,979

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2024

100,242

31,550

1,110,177

Additions

7,863

19,995

36,976

At 31 December 2024

108,105

51,545

1,147,153

DEPRECIATION

At 1 January 2024

91,835

22,591

258,610

Charge for year

4,194

2,458

51,095

At 31 December 2024

96,029

25,049

309,705

NET BOOK VALUE

At 31 December 2024

12,076

26,496

837,448

At 31 December 2023

8,407

8,959

851,567

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

311,908

176,520

Other debtors

19,393

128,890

331,301

305,410

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

6,667

-

Trade creditors

248,195

460,687

Taxation and social security

8,281

15,800

Other creditors

67,328

37,435

330,471

513,922

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

13,333

-

Other creditors

1,603,152

1,583,152

1,616,485

1,583,152

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.12.24

31.12.23

£

£

C Glass and Mrs A Glass

Balance outstanding at start of year

(7,791

)

-

Amounts advanced

6,837

495

Amounts repaid

-

(8,286

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(954

)

(7,791

)

J W Glass

Balance outstanding at start of year

-

-

Amounts repaid

(40,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(40,000

)

-

10.	ULTIMATE CONTROLLING PARTY

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