REGISTERED NUMBER: 01295803 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

RELIANCE RECOVERY LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A G Harrison

K V Harrison

Ms K L Petts

SECRETARY:

Mrs A G Harrison

REGISTERED OFFICE:

13A Benhall Mill Road

TUNBRIDGE WELLS

Kent

TN2 5JH

REGISTERED NUMBER:

01295803 (England and Wales)

ACCOUNTANTS:

Raymond Benn & Co Limited

Chartered Certified Accountants

1 Sheffield Road

Southborough

TUNBRIDGE WELLS

Kent

TN4 0PD

BANKERS:

Lloyds TSB Bank Plc

130/132 Broadway

Bexleyheath

Kent

DA6 7DP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,515,349

1,712,429

1,515,349

1,712,429

CURRENT ASSETS

Stocks

3,000

2,000

Debtors

102,036

90,220

Cash at bank and in hand

4,833

58

109,869

92,278

CREDITORS

Amounts falling due within one year

(350,400

)

(405,259

)

NET CURRENT LIABILITIES

(240,531

)

(312,981

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,274,818

1,399,448

CREDITORS

Amounts falling due after more than one year

(276,209

)

(238,351

)

PROVISIONS FOR LIABILITIES

8

(72,999

)

(194,245

)

NET ASSETS

925,610

966,852

CAPITAL AND RESERVES

Called up share capital

130

130

Share premium

18,985

18,985

Revaluation reserve

9

804,621

956,502

Retained earnings

101,874

(8,765

)

SHAREHOLDERS' FUNDS

925,610

966,852

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 July 2026 and were signed on its behalf by:

Mrs A G Harrison - Director

1.	STATUTORY INFORMATION

Reliance Recovery 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 as modified by the revaluation of certain assets.

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.

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.

Freehold property

-

50 years straight line on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

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 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.

Going concern

Despite net current liabilities of £240,531 the directors consider there is no material uncertainty that the company can continue as a going concern as the directors have prepared forecasts and secured additional funding and a confirmation that repayment of directors' loans will not be requested, to ensure that the company can continue to meet its obligations as they fall due for a period of at least twelve months from the date of approval of these financial statements. The directors therefore continue to adopt the going concern basis of accounting in the preparation of these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2025 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2025

and 31 January 2026

48,388

AMORTISATION

At 1 February 2025

and 31 January 2026

48,388

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 February 2025

2,558,907

Additions

125,041

Disposals

(210,472

)

Revaluations

(196,223

)

At 31 January 2026

2,277,253

DEPRECIATION

At 1 February 2025

846,478

Charge for year

107,648

Eliminated on disposal

(192,222

)

At 31 January 2026

761,904

NET BOOK VALUE

At 31 January 2026

1,515,349

At 31 January 2025

1,712,429

Cost or valuation at 31 January 2026 is represented by:

Totals

£

Valuation in 2020

1,150,747

Valuation in 2026

(196,223

)

Cost

1,322,729

2,277,253

If freehold property had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

377,656

377,656

Freehold property was valued on an open market basis on 31 January 2026 by director's appraisal .

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

Totals

£

COST OR VALUATION

At 1 February 2025

635,809

Disposals

(97,281

)

At 31 January 2026

538,528

DEPRECIATION

At 1 February 2025

353,895

Charge for year

98,193

Eliminated on disposal

(84,296

)

At 31 January 2026

367,792

NET BOOK VALUE

At 31 January 2026

170,736

At 31 January 2025

281,914

6.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

92,025

76,846

Between one and five years

209,542

233,351

301,567

310,197

Non-cancellable

operating leases

2026

2025

£

£

Within one year

15,000

15,000

7.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loan

-

13,486

The bank loan indebtedness in the year ended 31 january 2025 represented a loan from Lloyds Bank plc which matured and was fully repaid on 9th June 2025.

The indebtedness to Lloyds Bank plc is secured by fixed and floating charges over all of the assets of the company.

8.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

72,999

194,245

Deferred

tax

£

Balance at 1 February 2025

194,245

Credit to Income Statement during year

(121,246

)

Balance at 31 January 2026

72,999

9.

RESERVES

Revaluation

reserve

£

At 1 February 2025

956,502

Transfer

(151,881

)

At 31 January 2026

804,621