General Information
Release Potential Ltd is a private company, limited by shares, registered in England and Wales, registration number 06768623, registration address The Bridges, Lead Road, Stocksfield, Northumberland, NE43 7SF.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under going concern and the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
10% Straight Line
|
| Motor Vehicles |
25% Reducing Balance
|
| Fixtures and Fittings |
15% Reducing Balance
|
| Computer Equipment |
25% Straight Line
|
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 28 (2024 : 30).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 January 2025 |
40,301 |
|
152,010 |
|
92,266 |
|
126,154 |
|
410,731 |
| Additions |
- |
|
- |
|
- |
|
8,432 |
|
8,432 |
| Disposals |
- |
|
(97,480) |
|
- |
|
- |
|
(97,480) |
| At 31 December 2025 |
40,301 |
|
54,530 |
|
92,266 |
|
134,586 |
|
321,683 |
| Depreciation |
| At 01 January 2025 |
12,664 |
|
52,025 |
|
72,124 |
|
85,941 |
|
222,754 |
| Charge for year |
4,031 |
|
11,512 |
|
3,864 |
|
13,979 |
|
33,386 |
| On disposals |
- |
|
(43,546) |
|
- |
|
- |
|
(43,546) |
| At 31 December 2025 |
16,695 |
|
19,991 |
|
75,988 |
|
99,920 |
|
212,594 |
| Net book values |
| Closing balance as at 31 December 2025 |
23,606 |
|
34,539 |
|
16,278 |
|
34,666 |
|
109,089 |
| Opening balance as at 01 January 2025 |
27,637 |
|
99,985 |
|
20,142 |
|
40,213 |
|
187,977 |
|
| 4. |
Investments
| Cost |
Other investments other than loans |
|
Total |
| |
£ |
|
£ |
| At 01 January 2025 |
152,994 |
|
152,994 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 December 2025 |
152,994 |
|
152,994 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
163,876 |
|
108,946 |
| Prepayments & Accrued Income |
49,884 |
|
45,124 |
|
213,760 |
|
154,070 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
9,824 |
|
15,075 |
| Corporation Tax |
20,486 |
|
97,672 |
| PAYE & Social Security |
28,943 |
|
61,675 |
| Accrued Expenses |
13,068 |
|
18,541 |
| VAT |
2,782 |
|
2,377 |
|
75,103 |
|
195,340 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Directors' Loan Accounts |
1,242 |
|
5,219 |
|
1,242 |
|
5,219 |
|
| 8. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Deferred Tax |
24,464 |
|
3,031 |
|
24,464 |
|
3,031 |
|
| 9. |
Directors advances, credits and guarantees
Included in creditors are amounts owed to Directors from the Company of £1,020 (2024 - £5,219).
|
2
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