Relay Port Agency Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 1584945

Relay Port Agency Limited

Filleted Unaudited Financial Statements

31 October 2025

Relay Port Agency Limited

Statement of Financial Position

31 October 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Intangible assets	6	523,228	417,650
Tangible assets	7	500,055	538,837
		------------	---------
		1,023,283	956,487

Current assets

Debtors	8	550,224	498,442
Cash at bank and in hand		346,702	391,914
		---------	---------
		896,926	890,356

Creditors: amounts falling due within one year	9	684,164		486,357
		---------		---------
Net current assets			212,762		403,999
			------------		------------
Total assets less current liabilities			1,236,045		1,360,486

Provisions

Taxation including deferred tax	12,960	9,055
	------------	------------
Net assets	1,223,085	1,351,431
	------------	------------

Capital and reserves

Called up share capital	10	105	140
Profit and loss account		1,222,980	1,351,291
		------------	------------
Shareholders funds		1,223,085	1,351,431
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 October 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Relay Port Agency Limited

Statement of Financial Position (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 13 March 2026 , and are signed on behalf of the board by:

Mr D J Southwell

Director

Company registration number: 1584945

Relay Port Agency Limited

Notes to the Financial Statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hessle Haven House, 14 Livingstone Road, Hessle, East Yorkshire, HU13 0EG.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less, or to receive more tax.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Software	-	4% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Property improvements	-	10% straight line
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 20 (2024: 19 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	115,426	91,830

Deferred tax:

Origination and reversal of timing differences	3,905	( 9,200)
	---------	--------
Tax on profit	119,331	82,630
	---------	--------

6. Intangible assets

	Software
	£
Cost
At 1 November 2024	465,668
Additions	129,380
	---------
At 31 October 2025	595,048
	---------
Amortisation
At 1 November 2024	48,018
Charge for the year	23,802
	---------
At 31 October 2025	71,820
	---------
Carrying amount
At 31 October 2025	523,228
	---------
At 31 October 2024	417,650
	---------

7. Tangible assets

	Freehold property	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 November 2024	561,813	291,373	32,445	885,631
Disposals	–	–	( 32,445)	( 32,445)
	---------	---------	--------	---------
At 31 October 2025	561,813	291,373	–	853,186
	---------	---------	--------	---------
Depreciation
At 1 November 2024	102,366	222,248	22,180	346,794
Charge for the year	11,236	17,281	–	28,517
Disposals	–	–	( 22,180)	( 22,180)
	---------	---------	--------	---------
At 31 October 2025	113,602	239,529	–	353,131
	---------	---------	--------	---------
Carrying amount
At 31 October 2025	448,211	51,844	–	500,055
	---------	---------	--------	---------
At 31 October 2024	459,447	69,125	10,265	538,837
	---------	---------	--------	---------

8. Debtors

	2025	2024
	£	£
Trade debtors	526,638	462,711
Prepayments and accrued income	2,840	2,140
Other debtors	20,746	33,591
	---------	---------
	550,224	498,442
	---------	---------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	33,370	56,915
Accruals and deferred income	83,015	52,368
Corporation tax	115,426	91,827
Social security and other taxes	12,135	9,248
Director loan accounts	234,239	50,782
Other creditors	205,979	225,217
	---------	---------
	684,164	486,357
	---------	---------

10. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	90	90	100	100
'A' Ordinary shares of £ 1 each	15	15	40	40
	----	----	----	----
	105	105	140	140
	----	----	----	----

During the year the company purchased and then subsequently cancelled 10 of its own ordinary £1 shares and 25 of its own 'A' ordinary £1 shares.

11. Directors' advances, credits and guarantees

During the year, there were no directors credits, advances or guarantees.

12. Controlling interest

During the current and previous year, the company was under the control of Mr D J Southwell .