2022-03-032023-03-312023-03-31false13951710Reco Energy Ltd2024-02-02iso4217:GBPxbrli:pure139517102022-03-03139517102023-03-31139517102022-03-032023-03-31139517102022-03-02139517102022-03-02139517102022-03-022022-03-0213951710bus:SmallEntities2022-03-032023-03-3113951710bus:AuditExempt-NoAccountantsReport2022-03-032023-03-3113951710bus:FullAccounts2022-03-032023-03-3113951710bus:PrivateLimitedCompanyLtd2022-03-032023-03-3113951710core:WithinOneYear2023-03-3113951710core:AfterOneYear2023-03-3113951710core:WithinOneYear2022-03-0213951710core:AfterOneYear2022-03-0213951710core:ShareCapital2023-03-3113951710core:SharePremium2023-03-3113951710core:RevaluationReserve2023-03-3113951710core:OtherReservesSubtotal2023-03-3113951710core:RetainedEarningsAccumulatedLosses2023-03-3113951710core:ShareCapital2022-03-0213951710core:SharePremium2022-03-0213951710core:RevaluationReserve2022-03-0213951710core:OtherReservesSubtotal2022-03-0213951710core:RetainedEarningsAccumulatedLosses2022-03-0213951710core:LandBuildings2023-03-3113951710core:PlantMachinery2023-03-3113951710core:Vehicles2023-03-3113951710core:FurnitureFittings2023-03-3113951710core:OfficeEquipment2023-03-3113951710core:NetGoodwill2023-03-3113951710core:IntangibleAssetsOtherThanGoodwill2023-03-3113951710core:ListedExchangeTraded2023-03-3113951710core:UnlistedNon-exchangeTraded2023-03-3113951710core:LandBuildings2022-03-0213951710core:PlantMachinery2022-03-0213951710core:Vehicles2022-03-0213951710core:FurnitureFittings2022-03-0213951710core:OfficeEquipment2022-03-0213951710core:NetGoodwill2022-03-0213951710core:IntangibleAssetsOtherThanGoodwill2022-03-0213951710core:ListedExchangeTraded2022-03-0213951710core:UnlistedNon-exchangeTraded2022-03-0213951710core:LandBuildings2022-03-032023-03-3113951710core:PlantMachinery2022-03-032023-03-3113951710core:Vehicles2022-03-032023-03-3113951710core:FurnitureFittings2022-03-032023-03-3113951710core:OfficeEquipment2022-03-032023-03-3113951710core:NetGoodwill2022-03-032023-03-3113951710core:IntangibleAssetsOtherThanGoodwill2022-03-032023-03-3113951710core:ListedExchangeTraded2022-03-032023-03-3113951710core:UnlistedNon-exchangeTraded2022-03-032023-03-3113951710core:MoreThanFiveYears2022-03-032023-03-3113951710core:Non-currentFinancialInstruments2023-03-3113951710core:Non-currentFinancialInstruments2022-03-0213951710dpl:CostSales2022-03-032023-03-3113951710dpl:DistributionCosts2022-03-032023-03-3113951710core:LandBuildings2022-03-032023-03-3113951710core:PlantMachinery2022-03-032023-03-3113951710core:Vehicles2022-03-032023-03-3113951710core:FurnitureFittings2022-03-032023-03-3113951710core:OfficeEquipment2022-03-032023-03-3113951710dpl:AdministrativeExpenses2022-03-032023-03-3113951710core:NetGoodwill2022-03-032023-03-3113951710core:IntangibleAssetsOtherThanGoodwill2022-03-032023-03-3113951710dpl:GroupUndertakings2022-03-032023-03-3113951710dpl:ParticipatingInterests2022-03-032023-03-3113951710dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-032023-03-3113951710core:ListedExchangeTraded2022-03-032023-03-3113951710dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-032023-03-3113951710core:UnlistedNon-exchangeTraded2022-03-032023-03-3113951710dpl:CostSales2022-03-022022-03-0213951710dpl:DistributionCosts2022-03-022022-03-0213951710core:LandBuildings2022-03-022022-03-0213951710core:PlantMachinery2022-03-022022-03-0213951710core:Vehicles2022-03-022022-03-0213951710core:FurnitureFittings2022-03-022022-03-0213951710core:OfficeEquipment2022-03-022022-03-0213951710dpl:AdministrativeExpenses2022-03-022022-03-0213951710core:NetGoodwill2022-03-022022-03-0213951710core:IntangibleAssetsOtherThanGoodwill2022-03-022022-03-0213951710dpl:GroupUndertakings2022-03-022022-03-0213951710dpl:ParticipatingInterests2022-03-022022-03-0213951710dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-022022-03-0213951710core:ListedExchangeTraded2022-03-022022-03-0213951710dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-022022-03-0213951710core:UnlistedNon-exchangeTraded2022-03-022022-03-0213951710core:NetGoodwill2023-03-3113951710core:IntangibleAssetsOtherThanGoodwill2023-03-3113951710core:LandBuildings2023-03-3113951710core:PlantMachinery2023-03-3113951710core:Vehicles2023-03-3113951710core:FurnitureFittings2023-03-3113951710core:OfficeEquipment2023-03-3113951710core:AfterOneYear2023-03-3113951710core:WithinOneYear2023-03-3113951710core:ListedExchangeTraded2023-03-3113951710core:UnlistedNon-exchangeTraded2023-03-3113951710core:ShareCapital2023-03-3113951710core:SharePremium2023-03-3113951710core:RevaluationReserve2023-03-3113951710core:OtherReservesSubtotal2023-03-3113951710core:RetainedEarningsAccumulatedLosses2023-03-3113951710core:NetGoodwill2022-03-0213951710core:IntangibleAssetsOtherThanGoodwill2022-03-0213951710core:LandBuildings2022-03-0213951710core:PlantMachinery2022-03-0213951710core:Vehicles2022-03-0213951710core:FurnitureFittings2022-03-0213951710core:OfficeEquipment2022-03-0213951710core:AfterOneYear2022-03-0213951710core:WithinOneYear2022-03-0213951710core:ListedExchange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Reco Energy Ltd

Registered Number
13951710
(England and Wales)

Unaudited Financial Statements for the Period ended
31 March 2023

Reco Energy Ltd
Company Information
for the period from 3 March 2022 to 31 March 2023

Director

J A Mckenzie

Registered Address

The Granary Beeching Park
Kelly Bray
Callington
PL17 8QS

Registered Number

13951710 (England and Wales)
Reco Energy Ltd
Balance Sheet as at
31 March 2023

Notes

2023

£

£

Fixed assets
Intangible assets75,400
Tangible assets818,800
24,200
Current assets
Stocks9147,663
Debtors1087,196
Cash at bank and on hand98
234,957
Creditors amounts falling due within one year11(234,499)
Net current assets (liabilities)458
Total assets less current liabilities24,658
Creditors amounts falling due after one year12(6,545)
Net assets18,113
Capital and reserves
Called up share capital100
Profit and loss account18,013
Shareholders' funds18,113
The financial statements were approved and authorised for issue by the Director on 2 February 2024, and are signed on its behalf by:
J A Mckenzie
Director
Registered Company No. 13951710
Reco Energy Ltd
Notes to the Financial Statements
for the period ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activities of the company in the year under review were that of electrical installation and plumbing, heat and air-conditioning installation.
4.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
5.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Fixtures and fittings20
Vehicles20
Office Equipment20
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
6.Employee information

2023
Average number of employees during the year7
7.Intangible assets

Goodwill

Total

££
Cost or valuation
Additions6,0006,000
At 31 March 236,0006,000
Amortisation and impairment
Charge for year600600
At 31 March 23600600
Net book value
At 31 March 235,4005,400
At 02 March 22--
8.Property, plant and equipment

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
Additions9,7439,82489875721,222
At 31 March 239,7439,82489875721,222
Depreciation and impairment
Charge for year1,1241,14664882,422
At 31 March 231,1241,14664882,422
Net book value
At 31 March 238,6198,67883466918,800
At 02 March 22-----
9.Stocks

2023

£
Raw materials and consumables86,916
Work in progress60,747
Total147,663
10.Debtors

2023

£
Trade debtors / trade receivables28,624
Amounts owed by associates and joint ventures / participating interests29,436
Other debtors29,136
Total87,196
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
11.Creditors within one year

2023

£
Trade creditors / trade payables148,867
Bank borrowings and overdrafts2,700
Amounts owed to related parties48,835
Taxation and social security21,227
Other creditors12,788
Accrued liabilities and deferred income82
Total234,499
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
12.Creditors after one year

2023

£
Bank borrowings and overdrafts6,545
Total6,545