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REGISTERED NUMBER: 11151604 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Recserv Ltd

Recserv Ltd (Registered number: 11151604)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Recserv Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTOR: S P Scovell





SECRETARY:





REGISTERED OFFICE: Myrtle House
High Street
Henfield
West Sussex
BN5 9DA





REGISTERED NUMBER: 11151604 (England and Wales)





ACCOUNTANTS: Michael Finn & Co
Myrtle House
High Street
HENFIELD
West Sussex
BN5 9DA

Recserv Ltd (Registered number: 11151604)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,927 2,019

CURRENT ASSETS
Debtors 5 239,692 203,223
Cash at bank 861 8,899
240,553 212,122
CREDITORS
Amounts falling due within one year 6 187,962 143,011
NET CURRENT ASSETS 52,591 69,111
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,518

71,130

CREDITORS
Amounts falling due after more than one
year

7

31,854

21,264
NET ASSETS 45,664 49,866

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 45,464 49,666
SHAREHOLDERS' FUNDS 45,664 49,866

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 19 October 2023 and were signed by:





S P Scovell - Director


Recserv Ltd (Registered number: 11151604)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Recserv Ltd 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.

The company can confirm the following information applies to these amended accounts;

- They replace the original accounts
- Are now the statutory accounts
- Are prepared as they were at the date of the original accounts

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Recserv Ltd (Registered number: 11151604)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2022 1,374 1,061 - 2,627 5,062
Additions - - 28,000 384 28,384
At 31 January 2023 1,374 1,061 28,000 3,011 33,446
DEPRECIATION
At 1 February 2022 344 493 - 2,206 3,043
Charge for year 258 171 4,667 380 5,476
At 31 January 2023 602 664 4,667 2,586 8,519
NET BOOK VALUE
At 31 January 2023 772 397 23,333 425 24,927
At 31 January 2022 1,030 568 - 421 2,019

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 228,899 198,603
Other debtors - 1,000
Directors' current accounts 9,894 -
Prepayments 899 3,620
239,692 203,223

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 97,219 76,592
Hire purchase contracts 6,751 -
Trade creditors 780 743
Tax 11,376 15,346
Social security and other taxes 915 238
Pensions payable 117 -
VAT 67,704 47,164
Directors' current accounts - 128
Accrued expenses 3,100 2,800
187,962 143,011

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.23 31.1.22
£    £   
Bounceback loan 16,667 21,264
Hire purchase contracts 15,187 -
31,854 21,264