1 January 2021 false No description of principal activity Taxfiler 2022.8.3 07337400business:PrivateLimitedCompanyLtd2021-01-012021-12-31 073374002020-12-31 073374002021-01-012021-12-31 07337400business:AuditExemptWithAccountantsReport2021-01-012021-12-31 07337400business:FullAccounts2021-01-012021-12-31 073374002021-12-31 07337400business:Director22021-01-012021-12-31 07337400business:Director32021-01-012021-12-31 07337400business:RegisteredOffice2021-01-012021-12-31 073374002020-12-31 07337400core:WithinOneYear2021-12-31 07337400core:WithinOneYear2020-12-31 07337400core:AfterOneYear2021-12-31 07337400core:AfterOneYear2020-12-31 07337400core:ShareCapital2021-12-31 07337400core:ShareCapital2020-12-31 07337400core:RetainedEarningsAccumulatedLosses2021-12-31 07337400core:RetainedEarningsAccumulatedLosses2020-12-31 07337400business:SmallEntities2021-01-012021-12-31 07337400countries:EnglandWales2021-01-012021-12-31 07337400core:PlantMachinery2021-01-012021-12-31 07337400core:MotorVehicles2021-01-012021-12-31 07337400core:FurnitureFittings2021-01-012021-12-31 07337400core:ComputerEquipment2021-01-012021-12-31 07337400core:PlantMachinery2020-12-31 07337400core:MotorVehicles2020-12-31 07337400core:FurnitureFittings2020-12-31 07337400core:ComputerEquipment2020-12-31 07337400core:PlantMachinery2021-12-31 07337400core:MotorVehicles2021-12-31 07337400core:FurnitureFittings2021-12-31 07337400core:ComputerEquipment2021-12-31 073374002020-01-012020-12-31 iso4217:GBP xbrli:pure
Company Registration No. 07337400 (England and Wales)
Recipro (UK) Limited Unaudited accounts for the year ended 31 December 2021
Recipro (UK) Limited Unaudited accounts Contents
Page
- 2 -
Recipro (UK) Limited Company Information for the year ended 31 December 2021
Directors
Rebecca Owens Michael Close
Company Number
07337400 (England and Wales)
Registered Office
2 Britannia House Dock Road Wallasey Wirral CH41 1DF United Kingdom
Accountants
Elevate Accounting Solutions Limited 14 John Bradshaw Court Alexandria Way Congleton CW12 1LB
- 3 -
Recipro (UK) Limited Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,659 
3,458 
Current assets
Inventories
8,000 
5,000 
Debtors
15,332 
71,216 
Cash at bank and in hand
177,177 
159,051 
200,509 
235,267 
Creditors: amounts falling due within one year
(113,830)
(61,755)
Net current assets
86,679 
173,512 
Total assets less current liabilities
92,338 
176,970 
Creditors: amounts falling due after more than one year
(34,837)
(43,689)
Provisions for liabilities
Deferred tax
(1,075)
(657)
Net assets
56,426 
132,624 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
56,425 
132,623 
Shareholders' funds
56,426 
132,624 
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 September 2022 and were signed on its behalf by
Rebecca Owens Director Company Registration No. 07337400
- 4 -
Recipro (UK) Limited Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Recipro (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 07337400. The registered office is 2 Britannia House, Dock Road, Wallasey, Wirral, CH41 1DF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed 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.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on cost
Motor vehicles
15% on cost
Fixtures & fittings
15% on cost
Computer equipment
33% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 5 -
Recipro (UK) Limited Notes to the Accounts for the year ended 31 December 2021
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2021
4,235 
5,495 
10,460 
41,004 
61,194 
Additions
3,550 
- 
- 
- 
3,550 
At 31 December 2021
7,785 
5,495 
10,460 
41,004 
64,744 
Depreciation
At 1 January 2021
3,112 
3,160 
10,460 
41,004 
57,736 
Charge for the year
525 
824 
- 
- 
1,349 
At 31 December 2021
3,637 
3,984 
10,460 
41,004 
59,085 
Net book value
At 31 December 2021
4,148 
1,511 
- 
- 
5,659 
At 31 December 2020
1,123 
2,335 
- 
- 
3,458 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
13,860 
31,296 
Accrued income and prepayments
1,472 
10,206 
Other debtors
- 
29,714 
15,332 
71,216 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
9,646 
6,311 
VAT
17,049 
27,767 
Trade creditors
31,207 
6,850 
Taxes and social security
10,331 
13,014 
Other creditors
3,221 
1,699 
Loans from directors
42,376 
6,114 
113,830 
61,755 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
34,837 
43,689 
- 6 -
Recipro (UK) Limited Notes to the Accounts for the year ended 31 December 2021
8
Controlling party
The immediate parent company throughout the period was Recipro Limited (company number 07605975, registered in England & Wales). The ultimate parent company until 16th July 2021 was Recipro Limited. From 16th July 2021, the ultimate parent company was Recipro Holdings Limited (company number 13333073, registered in England & Wales). Until 16th July 2021, the ultimate controlling party was L Owens. From 16th July 2021, there was no ultimate controlling party.
9
Average number of employees
During the year the average number of employees was 6 (2020: 7).
- 7 -