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REGISTERED NUMBER: 06264830 (England and Wales)













Raven & Co Recovery Ltd

Unaudited Financial Statements

for the Year Ended 30 March 2023






Raven & Co Recovery Ltd (Registered number: 06264830)






Contents of the Financial Statements
for the year ended 30 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Raven & Co Recovery Ltd

Company Information
for the year ended 30 March 2023







DIRECTOR: A Rafferty





REGISTERED OFFICE: Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB





REGISTERED NUMBER: 06264830 (England and Wales)





ACCOUNTANTS: Slaters & Co Accountants
Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB

Raven & Co Recovery Ltd (Registered number: 06264830)

Balance Sheet
30 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,160 2,575

CURRENT ASSETS
Debtors 5 175,579 175,579

CREDITORS
Amounts falling due within one year 6 95,236 86,547
NET CURRENT ASSETS 80,343 89,032
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,503

91,607

CREDITORS
Amounts falling due after more than one
year

7

(29,167

)

(39,167

)

PROVISIONS FOR LIABILITIES (540 ) (391 )
NET ASSETS 52,796 52,049

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 52,696 51,949
SHAREHOLDERS' FUNDS 52,796 52,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 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.

Raven & Co Recovery Ltd (Registered number: 06264830)

Balance Sheet - continued
30 March 2023


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 27 January 2024 and were signed by:





A Rafferty - Director


Raven & Co Recovery Ltd (Registered number: 06264830)

Notes to the Financial Statements
for the year ended 30 March 2023

1. STATUTORY INFORMATION

Raven & Co Recovery 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.

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.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved, given the impact of coronavirus on the economy and therefore the financial statements have been prepared on a going concern basis.

Turnover
Turnover represents net invoice value of goods / services provided, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Building - 5% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

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 2 (2022 - 2 ) .

Raven & Co Recovery Ltd (Registered number: 06264830)

Notes to the Financial Statements - continued
for the year ended 30 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
Building fittings equipment Totals
£    £    £    £   
COST
At 31 March 2022
and 30 March 2023 600 3,692 6,500 10,792
DEPRECIATION
At 31 March 2022 90 2,041 6,086 8,217
Charge for year 30 248 137 415
At 30 March 2023 120 2,289 6,223 8,632
NET BOOK VALUE
At 30 March 2023 480 1,403 277 2,160
At 30 March 2022 510 1,651 414 2,575

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 175,579 175,579

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 17,972 15,048
Amounts owed to associates 892 892
Taxation and social security 74,752 67,567
Other creditors 1,620 3,040
95,236 86,547

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 29,167 39,167

Raven & Co Recovery Ltd (Registered number: 06264830)

Notes to the Financial Statements - continued
for the year ended 30 March 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 March 2023 and 30 March 2022:

2023 2022
£    £   
A Rafferty
Balance outstanding at start of year 175,579 108,000
Amounts advanced 76,581 67,579
Amounts repaid (76,581 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 175,579 175,579

Interest is charged on the loan at 2% per annum with no fixed repayment terms.

9. RELATED PARTY DISCLOSURES

Premier Business Recovery Limited

A company in which Mrs J Rafferty is a director/shareholder.

2020 2019
£ £
Amount due to related party at the balance sheet date 892 892