React Catering Services Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 11

React Catering Services Limited

Company Information

Directors

J Currie G J McAughey

Company secretary

J Currie

Registered office

46 Queen Elizabeth Avenue Hillington Park Glasgow G52 4NQ

React Catering Services Limited

(Registration number: SC319456)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	41,932	56,037
Current assets
Stocks	6	12,669	12,066
Debtors	7	483,869	532,552
Cash at bank and in hand		90,344	126,710
		586,882	671,328
Creditors: Amounts falling due within one year	8	(232,951)	(319,765)
Net current assets		353,931	351,563
Total assets less current liabilities		395,863	407,600
Creditors: Amounts falling due after more than one year	8	(16,171)	(45,358)
Provisions for liabilities		(10,484)	(14,010)
Net assets		369,208	348,232
Capital and reserves
Called up share capital	9	150	150
Share premium reserve		73,950	73,950
Retained earnings		295,108	274,132
Shareholders' funds		369,208	348,232

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 21 April 2026 and signed on its behalf by:
 

React Catering Services Limited

(Registration number: SC319456)
Balance Sheet as at 31 July 2025

......................................... J Currie Company secretary and director

......................................... G J McAughey Director

React Catering Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
46 Queen Elizabeth Avenue
Hillington Park
Glasgow
G52 4NQ

These financial statements were authorised for issue by the Board on 21 April 2026.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

React Catering Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

2	Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Vehicles	25% reducing balance
Plant and machinery	20% reducing balance
Office equipment	33.34% reducing balance

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

React Catering Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

2	Accounting policies (continued)

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.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

React Catering Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

2	Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2024 - 9).

4	Profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	14,104	18,880

React Catering Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 August 2024	40,854	106,424	147,278
At 31 July 2025	40,854	106,424	147,278
Depreciation
At 1 August 2024	39,389	51,852	91,241
Charge for the year	462	13,643	14,105
At 31 July 2025	39,851	65,495	105,346
Carrying amount
At 31 July 2025	1,003	40,929	41,932
At 31 July 2024	1,465	54,572	56,037

6

Stocks

	2025 £	2024 £
Raw materials and consumables	12,669	12,066

7

Debtors

Current	Note	2025 £	2024 £
Trade debtors		153,793	250,580
Amounts owed by related parties	10	276,808	227,853
Prepayments		2,268	3,119
Other debtors		51,000	51,000
		483,869	532,552

React Catering Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		93,751	116,661
Trade creditors		58,237	128,449
Taxation and social security		43,260	42,954
Accruals and deferred income		27,136	22,220
Other creditors		10,567	9,481
		232,951	319,765

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	9,601	10,000
HP and finance lease liabilities	19,351	19,351
Other borrowings	64,799	87,310
	93,751	116,661

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		16,171	45,358

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	9,836
HP and finance lease liabilities	16,171	35,522
	16,171	45,358

9	Share capital

Allotted, called up and fully paid shares

React Catering Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

9	Share capital (continued)

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	150	150	150	150

10	Related party transactions

React Scotland Limited
The company pays its parent company management fees, which for the the year totalled £48,000 (2024 £48,000).
The amount owed ( to) / from parent undertakings at the year end totalled £276,808 (2024 £227,853).
Any amounts owed to or from the parent is repayable on demand and is interest free.

React Catering Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

10	Related party transactions (continued)

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	19,166	18,162
Contributions paid to money purchase schemes	36,000	53,023
	55,166	71,185

11	Parent and ultimate parent undertaking

The company's immediate parent is React Scotland Limited, incorporated in Scotland.

 The most senior parent entity producing publicly available financial statements is React Scotland Limited.