Relco UK Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03671139 (England and Wales)

RELCO UK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Mr M Gill

Mr I D Gill

SECRETARY:

Mr M Gill

REGISTERED OFFICE:

Relco Building

Imperial Way

WATFORD

WD24 4JP

REGISTERED NUMBER:

03671139 (England and Wales)

ACCOUNTANTS:

Johnson Tidsall Limited

Chartered Accountants

81 Burton Road

Derby

Derbyshire

DE1 1TJ

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

1,465,587

1,549,082

1,465,587

1,549,082

CURRENT ASSETS

Stocks

309,544

301,166

Debtors

6

864,711

821,603

Cash at bank and in hand

3,656,956

3,636,733

4,831,211

4,759,502

CREDITORS

Amounts falling due within one year

7

848,773

916,435

NET CURRENT ASSETS

3,982,438

3,843,067

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,448,025

5,392,149

PROVISIONS FOR LIABILITIES

20,830

31,817

NET ASSETS

5,427,195

5,360,332

CAPITAL AND RESERVES

Called up share capital

9

632,000

Capital redemption reserve

471,461

Retained earnings

4,323,734

4,256,871

SHAREHOLDERS' FUNDS

5,427,195

5,360,332

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 24 September 2026 and were signed on its behalf by:

Mr M Gill - Director

1.	STATUTORY INFORMATION

Relco UK 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.

Freehold property

-

2% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

COST

At 1 January 2025

and 31 December 2025

1

267,000

267,001

AMORTISATION

At 1 January 2025

and 31 December 2025

1

267,000

267,001

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

COST

At 1 January 2025

1,709,295

456,828

214,666

Additions

-

At 31 December 2025

1,709,295

456,828

214,666

DEPRECIATION

At 1 January 2025

320,175

431,738

197,305

Charge for year

34,187

6,823

14,395

At 31 December 2025

354,362

438,561

211,700

NET BOOK VALUE

At 31 December 2025

1,354,933

18,267

2,966

At 31 December 2024

1,389,120

25,090

17,361

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 January 2025

244,584

36,658

2,662,031

Additions

-

10,178

At 31 December 2025

244,584

46,836

2,672,209

DEPRECIATION

At 1 January 2025

130,050

33,681

1,112,949

Charge for year

36,962

1,306

93,673

At 31 December 2025

167,012

34,987

1,206,622

NET BOOK VALUE

At 31 December 2025

77,572

11,849

1,465,587

At 31 December 2024

114,534

2,977

1,549,082

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

490,636

556,399

Other debtors

224,828

227,228

VAT

13,636

18,997

Prepayments and accrued income

135,611

18,979

864,711

821,603

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

604,519

616,124

Corporation tax

6,176

64,276

Social security and other taxes

37,392

37,365

Other creditors

8,168

6,403

Directors' current accounts

183,717

Accruals and deferred income

8,801

8,550

848,773

916,435

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

9.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

632,000

Share capital 1

£1

632,000

10.	RELATED PARTY DISCLOSURES

Included in current liabilities are directors loans amounting to £183,717 (2024:£183,717) on which no interest is being charged.