REGISTERED NUMBER: 03491649 (England and Wales)

RELOAD SYSTEMS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr M.M. Taylor

Mr B.A. Billingham

REGISTERED OFFICE:

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

REGISTERED NUMBER:

03491649 (England and Wales)

ACCOUNTANTS:

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

BANKERS:

HSBC Bank Plc

9 Queen Square

Wolverhampton

West Midlands

WV1 1TE

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Reload Systems Limited for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Reload Systems Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Reload Systems Limited and state those matters that we have agreed to state to the Board of Directors of Reload Systems Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Reload Systems Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Reload Systems Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Reload Systems Limited. You consider that Reload Systems Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Reload Systems Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

9 December 2025

FIXED ASSETS

Tangible assets

4

236,062

233,264

CURRENT ASSETS

Stocks

2,062,736

2,220,033

Debtors

5

949,861

724,281

Cash at bank and in hand

132,993

54,219

3,145,590

2,998,533

CREDITORS

Amounts falling due within one year

6

2,926,874

2,741,359

NET CURRENT ASSETS

218,716

257,174

TOTAL ASSETS LESS CURRENT LIABILITIES

454,778

490,438

CREDITORS

Amounts falling due after more than one year

7

(22,462

)

(63,391

)

PROVISIONS FOR LIABILITIES

(44,210

)

(50,758

)

NET ASSETS

388,106

376,289

CAPITAL AND RESERVES

Called up share capital

90

90

Retained earnings

388,016

376,199

SHAREHOLDERS' FUNDS

388,106

376,289

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 9 December 2025 and were signed on its behalf by:

Mr M.M. Taylor - Director

1.	STATUTORY INFORMATION

Reload Systems 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 represents net sales less credit notes of goods/services, excluding value added tax.

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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

125,740

293,749

143,367

562,856

Additions

1,427

699

66,388

68,514

At 31 March 2025

127,167

294,448

209,755

631,370

DEPRECIATION

At 1 April 2024

71,990

155,043

102,559

329,592

Charge for year

11,036

27,881

26,799

65,716

At 31 March 2025

83,026

182,924

129,358

395,308

NET BOOK VALUE

At 31 March 2025

44,141

111,524

80,397

236,062

At 31 March 2024

53,750

138,706

40,808

233,264

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

Motor

vehicles

£

COST

At 1 April 2024

62,750

Additions

32,888

Transfer to ownership

(32,700

)

At 31 March 2025

62,938

DEPRECIATION

At 1 April 2024

32,052

Charge for year

15,897

Transfer to ownership

(22,354

)

At 31 March 2025

25,595

NET BOOK VALUE

At 31 March 2025

37,343

At 31 March 2024

30,698

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

782,428

551,065

Amounts owed by group undertakings

70,204

60,646

Other debtors

43,660

40,220

896,292

651,931

Amounts falling due after more than one year:

Other debtors

53,569

72,350

Aggregate amounts

949,861

724,281

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

44,000

44,000

Hire purchase contracts

11,851

13,910

Trade creditors

2,707,405

2,520,441

Taxation and social security

154,639

150,347

Other creditors

8,979

12,661

2,926,874

2,741,359

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

14,666

58,666

Hire purchase contracts

7,796

4,725

22,462

63,391

8.	RELATED PARTY DISCLOSURES

Reload Systems Limited is a subsidiary of Midvak Limited, registered office 15-17 Church Street, Stourbridge, West Midlands, DY8 1LU.