CRI Reels Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07357071 (England and Wales)

CRI REELS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Bowness

B Cox

SECRETARY:

Indigo Secretaries Limited

REGISTERED OFFICE:

3 Kensworth Gate

200-204 High Street South

Dunstable

Bedfordshire

LU6 3HS

REGISTERED NUMBER:

07357071 (England and Wales)

ACCOUNTANTS:

Higginson & Co (UK) Ltd

3 Kensworth Gate

200 - 204 High Street South

Dunstable

Bedfordshire

LU6 3HS

FIXED ASSETS

Tangible assets

4

1,477

2,379

CURRENT ASSETS

Stocks

277,069

191,914

Debtors

5

830,820

789,443

Cash at bank

187,074

79,396

1,294,963

1,060,753

CREDITORS

Amounts falling due within one year

6

2,523,569

2,188,309

NET CURRENT LIABILITIES

(1,228,606

)

(1,127,556

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,227,129

)

(1,125,177

)

CREDITORS

Amounts falling due after more than one
year

7

564,324

616,331

NET LIABILITIES

(1,791,453

)

(1,741,508

)

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

(1,791,553

)

(1,741,608

)

SHAREHOLDERS' FUNDS

(1,791,453

)

(1,741,508

)

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

The members have not required the company to obtain an audit of its financial statements for the year 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

1.	STATUTORY INFORMATION

CRI Reels 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.

Tangible fixed assets

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

Plant and machinery etc

-

50% on cost and 20% on 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.

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 year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2025

and 31 December 2025

3,610

DEPRECIATION

At 1 January 2025

1,231

Charge for year

902

At 31 December 2025

2,133

NET BOOK VALUE

At 31 December 2025

1,477

At 31 December 2024

2,379

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

40,044

89,251

Other debtors

790,776

700,192

830,820

789,443

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Bank loans and overdrafts (see note 8)

10,484

10,225

Trade creditors

17,310

9,012

Social security and other taxes

5,701

5,909

VAT

3,190

2,458

Associated companies

2,340,445

2,001,753

Directors' current accounts

18

2,311

Accrued expenses

146,421

156,641

2,523,569

2,188,309

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.25

31.12.24

£

Bank loans (see note 8)

885

11,369

Associated company

563,439

604,962

564,324

616,331

8.

LOANS

An analysis of the maturity of loans is given below:

31.12.25

31.12.24

£

Amounts falling due within one year or on demand:

Bank loans

10,484

10,225

Amounts falling due between one and two years:

Bank loans - 1-2 years

885

10,484

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

885

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

50

Ordinary A

£1

50

Ordinary B

£1

50

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

M Bowness

Balance outstanding at start of year

2,311

2,191

Amounts advanced

-

120

Amounts repaid

(2,293

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

18

2,311

11.	RELATED PARTY DISCLOSURES

The company trades with other companies under common control.

All transactions between the companies are at open market value.

Intercompany balances at 31st December 2025 were as follows

Amounts due within 1 year

Debit balances

Reelcare Limited £708,325 (2024 £598,573)

Reelcare SA £75,038 (2024 £89,245)

Gatecare Limited £Nil (2024 £2,355)

Reelcare Middle East Ltd £Nil (2024 £2,374)

Credit balances included in trade creditors

Cox Reels Inc. £2,131,645 (2024 £1,709,756)

Reelcare Limited £52,200 (20234-£974)

Gatecare Limited £156,600 (2024 £292,971)

Intercompany loans due after more than 1 year

Cox Reels Inc. £563,439 (2024 £604,962)