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Company Registration No. 2971195 (England and Wales)
Corporate Recovery Services Limited Unaudited accounts for the year ended 30 September 2023
Corporate Recovery Services Limited Unaudited accounts Contents
Page
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Corporate Recovery Services Limited Company Information for the year ended 30 September 2023
Director
H R Guest
Company Number
2971195 (England and Wales)
Registered Office
5 Field End Maresfield Uckfield East Sussex TN22 2DJ
Accountants
Worthweld PT Limited 5 Field End Maresfield Uckfield East Sussex TN22 2DJ
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Corporate Recovery Services Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
869 
1,022 
Current assets
Inventories
1,980 
375 
Cash at bank and in hand
2,264 
5,308 
4,244 
5,683 
Creditors: amounts falling due within one year
(2,280)
(2,782)
Net current assets
1,964 
2,901 
Total assets less current liabilities
2,833 
3,923 
Provisions for liabilities
Deferred tax
(165)
(194)
Net assets
2,668 
3,729 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
2,666 
3,727 
Shareholders' funds
2,668 
3,729 
For the year ending 30 September 2023 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 director acknowledges his 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 and authorised for issue on 22 December 2023 and were signed on its behalf by
H R Guest Director Company Registration No. 2971195
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Corporate Recovery Services Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Corporate Recovery Services Limited is a private company, limited by shares, registered in England and Wales, registration number 2971195. The registered office is 5 Field End, Maresfield, Uckfield, East Sussex, TN22 2DJ.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, for work carried out in respect of services provided to clients.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
15% per anum on the reducing balance method
Stocks
Work-in-progress has been valued at the lower of cost. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
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.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
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Corporate Recovery Services Limited Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 October 2022
13,813 
At 30 September 2023
13,813 
Depreciation
At 1 October 2022
12,791 
Charge for the year
153 
At 30 September 2023
12,944 
Net book value
At 30 September 2023
869 
At 30 September 2022
1,022 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
15 
333 
Loans from directors
1,990 
2,174 
Accruals
275 
275 
2,280 
2,782 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
7
Transactions with related parties
The company is under the control of the Director. The Director continues to make a loan to the Company and at the 30 September 2023 was £1990 (2022: £2174). The Director received a dividend during the year of £1000 (2022: £0) No other transactions required reporting during the year.
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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