L Mezzini00031 December 202525.0025.00181643033.0033.00N/A1 January 20250188981889814661466203642036477933825320663578547266972013105277524736337719404476196528042342462443712241661164064127293266052605048523128471436584102027293261692605047939127451272932660626050491631291122729326606260504916312911228163462615135101634681513518000001800000281634626151351889820364188982036428352442635499283460326338383613941516590484652026907126317464780832135675116001Ballards LLPBirminghamFinancials UK FRS 1022026.10.0+102728Andy Bewick07 October 202607 Oct 202603355913 03355913 bus:Director4 2025-12-31 03355913 bus:Audited 2025-01-01 2025-12-31 03355913 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 03355913 core:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 03355913 core:RetainedEarningsAccumulatedLosses 2025-12-31 03355913 core:RetainedEarningsAccumulatedLosses 2024-12-31 03355913 core:LongLeaseholdAssets core:LandBuildings 2025-12-31 03355913 core:OfficeEquipment 2025-12-31 03355913 core:MotorVehicles 2025-12-31 03355913 bus:Director2 2025-01-01 2025-12-31 03355913 core:ShareCapital 2024-12-31 03355913 bus:Director1 2025-01-01 2025-12-31 03355913 core:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2025-01-01 2025-12-31 03355913 bus:Director3 2025-12-31 03355913 core:ShareCapital 2025-12-31 03355913 bus:Director4 2025-01-01 2025-12-31 03355913 core:CurrentFinancialInstruments 2025-12-31 03355913 bus:Director3 2025-01-01 2025-12-31 03355913 bus:RegisteredOffice 2025-01-01 2025-12-31 03355913 bus:FullAccounts 2025-01-01 2025-12-31 03355913 curr:PoundSterling 2025-01-01 2025-12-31 03355913 core:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2025-12-31 03355913 core:OwnedOrFreeholdAssets core:OfficeEquipment 2025-01-01 2025-12-31 03355913 core:MotorVehicles 2024-12-31 03355913 core:PlantMachinery 2024-12-31 03355913 core:OfficeEquipment 2024-12-31 03355913 core:LongLeaseholdAssets core:LandBuildings 2024-12-31 03355913 2025-01-01 03355913 core:CurrentFinancialInstruments 2024-12-31 03355913 core:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-12-31 03355913 core:PlantMachinery 2025-12-31 03355913 bus:FRS102 2025-01-01 2025-12-31 03355913 core:OwnedOrFreeholdAssets core:PlantMachinery 2025-01-01 2025-12-31 03355913 2024-12-31 03355913 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 03355913 2025-12-31 03355913 2024-01-01 2024-12-31 03355913 2025-01-01 2025-12-31 xbrli:pure xbrli:pure iso4217:GBP iso4217:GBP

Registration number: 03355913 

REEL (UK) LIMITED

​​​​​

Financial Statements

For The Year​ Ended 31 December 2025

REEL (UK) LIMITED

 

Company Information
2
Statement of Financial Position
3
Notes to the Financial Statements
4

 

Company Information

 

 

​Directors

O L R V Demarthe
R J Leraistre
L Mezzini (appointed 09-01-2026)
C Schmuck (resigned 09-01-2026)

Registered office

​​Platts Road​
Amblecote​
​
Stourbridge​
West Midlands​
DY8 4YR​

​Independent auditors

Ballards LLP​​​
Chartered Accountants
15 Colmore Row​
​
​
Birmingham​
​
B3 2BH​

2

 

REEL (UK) LIMITED

Registered number: 03355913​

 

Statement of Financial Position​

as at 31 December 2025

Note
2025
£
2024
£
Fixed assets
)
)
Tangible fixed assets
 4
641
)
1,661
)
Current assets
)
)
Stocks
135,675
)
116,001
)
Debtors: amounts falling due within one year
 5
2,631,746
)
4,780,832
)
Cash at bank and in hand
846,520
)
269,071
)
 
3,613,941
)
5,165,904
)
Creditors: amounts falling due within one year
 6
(779,338)
(2,532,066)
Net current assets
2,834,603
)
2,633,838
)
Total assets less current liabilities
2,835,244
)
2,635,499
)
 
2,835,244
)
2,635,499
)
Provisions for liabilities
)
)
Other provisions
 7
(18,898)
(20,364)
 
(18,898)
(20,364)
Net assets
2,816,346
)
2,615,135
)
Capital and reserves
)
)
Called up share capital
1,800,000
)
1,800,000
)
Profit and loss account
1,016,346
)
815,135
)
Total capital and reserves
2,816,346
)
2,615,135
)
The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf:

L Mezzini
Director

Date: 07 Oct 2026 

The notes 4 on to 10 form part of these financial statements.

3

REEL (UK) LIMITED

 

1.

General information

REEL (UK) LIMITED is a private company limited by share capital, incorporated in England & Wales. 

The address of its registered office is
Platts Road, Amblecote, Stourbridge, West Midlands, England, DY8 4YR, United Kingdom.

2.

Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been applied consistently to all periods presented, unless otherwise stated.

a.

Basis of preparation of financial statements

The financial statements have been prepared under the historic cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

b.

Foreign currency translation

Functional and presentational currency

The Company's functional and presentational currency is GBP. The financial statements are rounded to the nearest £.

4

REEL (UK) LIMITED

 

2.

Accounting policies

continued
b.

Foreign currency translation

continued

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.At each period end, foreign currency monetary items are translated using the closing rate, Non-monetary items measured on a historical cost basis are translated using the exchange rate at the date of the transaction, and non-monetary items measured at fair value in a foreign currency are translated using the rate at the date when the fair value was determined.Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
c.

Revenue

Revenue from the manufacturing, installation and maintenance of heavy lifting and industrial equipment is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. 

Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:the Company has transferred the significant risks and rewards of ownership to the buyer;the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;the amount of revenue can be measured reliably;it is probable that the Company will receive the consideration due under the transaction; andthe costs incurred or to be incurred in respect of the transaction can be measured reliably.
Rendering of services

Revenue from a contract to provide services is recognised in the period in which services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

  • the amount of revenue can be measured reliably;
  • it is probable that the Company​​​ will receive the consideration due under the transaction;
  • the stage of completion of the contract at the end of the reporting period can be measured reliably; and
  • the costs incurred or to be incurred in respect of the transaction can be measured reliably.

5

REEL (UK) LIMITED

 

2.

Accounting policies

continued
d.

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit and loss on a straight-line basis over the lease term.Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset. 
e.

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. 

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

f.

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date. 

6

REEL (UK) LIMITED

 

2.

Accounting policies

continued
g.

Tangible fixed assets​​

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as detailed below;

Depreciation is provided on the following basis:

Leasehold improvement
50% Straight line method
Plant and machinery
25% Reducing balance basis
Motor vehicles
25% Reducing balance basis
Office equipment
15% Reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

h.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out (FIFO)​​ basis. Work in progress and finished goods​ include labour costs and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If an item of stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

i.

Provisions

A provision for an onerous contract is made when the expected costs to complete a project exceed the contract price. A contract is considered to be onerous at the point that the directors identify that the contract will be loss making and at that point the expected loss is recognised in the profit or loss immediately. 

7

REEL (UK) LIMITED

 

2.

Accounting policies

continued
j.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

3.

Employees

The average number of persons employed by the company (including directors) during the year, was 31 (2024 - 33 ).

4.

Tangible fixed assets​

Leasehold property
£
Plant and machinery
£
Motor vehicles
£
Office equipment
£
Total
£
Cost
)
)
)
)
)
At 1 January 2025
27,293
)
26,606
)
26,050
)
49,163
)
129,112
)
At 31 December 2025
27,293
)
26,606
)
26,050
)
49,163
)
129,112
)
Depreciation and impairment
)
)
)
)
)
At 1 January 2025
(27,293)
(26,169)
(26,050)
(47,939)
(127,451)
Charge for the year on owned assets
-
)
(436)
-
)
(584)
(1,020)
At 31 December 2025
(27,293)
(26,605)
(26,050)
(48,523)
(128,471)
Net book value
)
)
)
)
)
At 31 December 2025
-
)
1
)
-
)
640
)
641
)
At 31 December 2024
-
)
437
)
-
)
1,224
)
1,661
)
5.

Debtors​​​

2025
£
2024
£
Due within one year
)
)
Trade debtors
1,463,834
)
1,202,409
)
Amounts owed by group undertakings
1,053,997
)
3,160,439
)
Other debtors
48,111
)
450
)
Prepayments and accrued income
65,804
)
413,786
)
Deferred tax
-
)
3,748
)
 
2,631,746
)
4,780,832
)

8

REEL (UK) LIMITED

 

6.

Creditors​: amounts falling due within one year

2025
£
2024
£
Trade creditors
280,423
)
424,624
)
Amounts owed to group undertakings
-
)
761,965
)
Corporation tax
33,771
)
94,044
)
Other taxation and social security
105,277
)
524,736
)
Other creditors
2,013
)
-
)
Accruals and deferred income
357,854
)
726,697
)
 
779,338
)
2,532,066
)
7.

Provisions

Onerous lease
£
Total
£
At 1 January 2025 
20,364
)
20,364
)
Charged to profit or loss
(1,466)
(1,466)
At 31 December 2025
18,898
)
18,898
)
8.

Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. As at the reporting date, an amount of £21,723 is included in liabilities in relation to this (2024: £16,426).

9.

Commitments under operating leases

At 31 December 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2025
£
2024
£
Not later than 1 year
69,736
)
50,307
)
Later than 1 year and not later than 5 years
57,672
)
72,312
)
 
127,408
)
122,619
)

9

REEL (UK) LIMITED

 

10.

Controlling party

REEL SAS is the immediate parent company incorporated in France. The ultimate controlling party is Groupe REEL SAS which is incorporated in France.

The smallest group in which the financial statements of Reel (UK) Limited are consolidated is that headed by Groupe REEL SAS. Copies of the financial statements of Groupe REEL SAS can be obtained from 69 Rue De La Chaux, 69450, St-Cyr-Ayr-Mont-D'or France.

11.

Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified.

The audit report was signed on 07 October 2026  by Andy Bewick FCCA (Senior statutory auditor) on behalf of Ballards LLP. 

10