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
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
Recipro (UK) Limited
Statement of financial position
as at 31 December 2021
Tangible assets
5,659
3,458
Cash at bank and in hand
177,177
159,051
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
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
Recipro (UK) Limited
Notes to the Accounts
for the year ended 31 December 2021
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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 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 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.
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.
Recipro (UK) Limited
Notes to the Accounts
for the year ended 31 December 2021
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
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
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
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
9,646
6,311
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
7
Creditors: amounts falling due after more than one year
2021
2020
Recipro (UK) Limited
Notes to the Accounts
for the year ended 31 December 2021
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).