Reelcare Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05707911 (England and Wales)

REELCARE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 APRIL 2025 TO 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Bowness

Mrs E Bowness

Miss M Bowness

SECRETARY:

Indigo Secretaries Limited

REGISTERED OFFICE:

3 Kensworth Gate

200-204 High Street South

Dunstable

Bedfordshire

LU6 3HS

REGISTERED NUMBER:

05707911 (England and Wales)

ACCOUNTANTS:

Higginson & Co (UK) Ltd

3 Kensworth Gate

200 - 204 High Street South

Dunstable

Bedfordshire

LU6 3HS

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

15,288

20,236

15,288

20,236

CURRENT ASSETS

Stocks

119,367

176,392

Debtors

6

1,244,122

1,035,291

Cash at bank and in hand

3,103

3,161

1,366,592

1,214,844

CREDITORS

Amounts falling due within one year

7

1,216,416

1,140,819

NET CURRENT ASSETS

150,176

74,025

TOTAL ASSETS LESS CURRENT
LIABILITIES

165,464

94,261

CREDITORS

Amounts falling due after more than one
year

8

-

13,078

NET ASSETS

165,464

81,183

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

165,364

81,083

SHAREHOLDERS' FUNDS

165,464

81,183

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 4 March 2026 and were signed on its behalf by:

M Bowness - Director

Mrs E Bowness - Director

1.	STATUTORY INFORMATION

Reelcare 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 2006, is being amortised evenly over its estimated useful life of nine 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.

Fixtures and fittings

-

50% on cost, 25% on cost and 10% on cost

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 period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2025 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 December 2025

83,349

AMORTISATION

At 1 April 2025

and 31 December 2025

83,349

NET BOOK VALUE

At 31 December 2025

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

COST

At 1 April 2025

and 31 December 2025

86,088

47,332

133,420

DEPRECIATION

At 1 April 2025

72,945

40,239

113,184

Charge for period

3,618

1,330

4,948

At 31 December 2025

76,563

41,569

118,132

NET BOOK VALUE

At 31 December 2025

9,525

5,763

15,288

At 31 March 2025

13,143

7,093

20,236

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.3.25

£

Trade debtors

132,887

431,069

Associated company

857,602

399,366

Directors' current accounts

249,222

175,980

Deferred tax asset

Accelerated capital allowances

1,651

518

Prepayments and accrued income

2,760

28,358

1,244,122

1,035,291

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.3.25

£

Bank loans and overdrafts

99,252

113,848

Hire purchase contracts

3,664

3,333

Trade creditors

119,961

746,506

Corporation tax

66,462

21,581

Social security and other taxes

7,361

8,808

VAT

128,915

123,970

Associated company

746,587

74,265

Accrued expenses

44,214

48,508

1,216,416

1,140,819

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.25

31.3.25

£

Bank loans - 1-2 years

-

9,750

Hire purchase contracts

-

3,328

-

13,078

9.	DEFERRED TAX

£

Balance at 1 April 2025

(518

)

Credit to Income Statement during period

(1,133

)

Balance at 31 December 2025

(1,651

)

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.3.25

value:

£

100

Ordinary

£1

100

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 December 2025 and the year ended 31 March 2025:

31.12.25

31.3.25

£

Mrs E Bowness

Balance outstanding at start of period

(87,990

)

(7,952

)

Amounts advanced

(36,621

)

(80,038

)

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(124,611

)

(87,990

)

M Bowness

Balance outstanding at start of period

(87,990

)

(7,951

)

Amounts advanced

(36,621

)

(80,039

)

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(124,611

)

(87,990

)

12.	RELATED PARTY DISCLOSURES

During the period, total dividends of £40,000 were paid to the directors .

The company has been under the control of Mr & Mrs M. Bowness since incorporation.

The company trades with the following companies under common control

Debit balances

CRI reels Limited £52,200 (31st March 2025 £Nil)

Gatecare Limited £747,005 (31st March 2025 £399,366)

Reelcare Middle East Ltd £19,361 (31st March 2025 £Nil)

Reelcare SA Pty £38,986 (31st March 2025 £Nil)

JPI Automotive & Industrial Ltd £50 (31st March 2025 £Nil)

Credit balances

CRI reels Limited £708,325 (31st March 2025 598,573)

JPI Automotive & Industrial Ltd £1,322 (31st March 2025 £Nil)

Gatecare Limited £36,939 (31st March 2025 £21,536