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Company Registration No. 10099223 (England and Wales)
FIRST RECOVERING LIMITED Unaudited accounts for the year ended 30 April 2023
FIRST RECOVERING LIMITED Unaudited accounts Contents
Page
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FIRST RECOVERING LIMITED Company Information for the year ended 30 April 2023
Director
Christopher Frederick Price
Company Number
10099223 (England and Wales)
Registered Office
NO 2 CARAVAN BICKERSHAW LANE CARAVAN SITE WIGAN LANCASHIRE WN2 5PL
Accountants
Emerald Path Ltd 32 Frances Avenue Gatley Cheadle Cheshire SK8 4BJ
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FIRST RECOVERING LIMITED Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
55,656 
41,501 
Current assets
Debtors
16,097 
16,097 
Cash at bank and in hand
632,497 
515,614 
648,594 
531,711 
Creditors: amounts falling due within one year
(501,462)
(373,685)
Net current assets
147,132 
158,026 
Total assets less current liabilities
202,788 
199,527 
Creditors: amounts falling due after more than one year
(111,942)
(111,994)
Net assets
90,846 
87,533 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
90,746 
87,433 
Shareholders' funds
90,846 
87,533 
For the year ending 30 April 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 31 January 2024 and were signed on its behalf by
Christopher Frederick Price Director Company Registration No. 10099223
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FIRST RECOVERING LIMITED Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
FIRST RECOVERING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10099223. The registered office is NO 2 CARAVAN BICKERSHAW LANE, CARAVAN SITE, WIGAN, LANCASHIRE, WN2 5PL.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
10 % Straight Line
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 May 2022
45,689 
Additions
20,489 
At 30 April 2023
66,178 
Depreciation
At 1 May 2022
4,188 
Charge for the year
6,334 
At 30 April 2023
10,522 
Net book value
At 30 April 2023
55,656 
At 30 April 2022
41,501 
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FIRST RECOVERING LIMITED Notes to the Accounts for the year ended 30 April 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
16,097 
- 
Amounts falling due after more than one year
Accrued income and prepayments
- 
16,097 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
10,740 
VAT
- 
(14,712)
Trade creditors
3,421 
4,599 
Taxes and social security
8,655 
9,228 
Other creditors
482,346 
339,080 
Loans from directors
- 
20,000 
Accruals
7,040 
4,750 
501,462 
373,685 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
39,260 
Other creditors
111,942 
71,594 
Taxes and social security
- 
1,140 
111,942 
111,994 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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