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REGISTERED NUMBER: 03418010 (England and Wales)







Abridged Financial Statements for the Year Ended 29th August 2023

for

Recovery Services (Malvern) Limited

Recovery Services (Malvern) Limited (Registered number: 03418010)






Contents of the Financial Statements
for the Year Ended 29th August 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Recovery Services (Malvern) Limited

Company Information
for the Year Ended 29th August 2023







DIRECTOR: J Dean





REGISTERED OFFICE: Unit 1
Spring Lane South
Malvern
Worcestershire
WR14 1AT





REGISTERED NUMBER: 03418010 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

Recovery Services (Malvern) Limited (Registered number: 03418010)

Abridged Balance Sheet
29th August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 176,502 163,531

CURRENT ASSETS
Debtors 24,765 15,120
Cash at bank 68,365 56,251
93,130 71,371
CREDITORS
Amounts falling due within one year 93,345 71,023
NET CURRENT (LIABILITIES)/ASSETS (215 ) 348
TOTAL ASSETS LESS CURRENT
LIABILITIES

176,287

163,879

CREDITORS
Amounts falling due after more than one
year

(12,250

)

(24,588

)

PROVISIONS FOR LIABILITIES 6 (16,600 ) (14,100 )
NET ASSETS 147,437 125,191

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 147,435 125,189
147,437 125,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th August 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 29th August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5th March 2024 and were signed by:



J Dean - Director


Recovery Services (Malvern) Limited (Registered number: 03418010)

Notes to the Financial Statements
for the Year Ended 29th August 2023

1. STATUTORY INFORMATION

Recovery Services (Malvern) Limited 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.

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.
Land and buildings - not provided
Plant and machinery etc - 20% on cost, 20% on reducing balance and 15% on reducing balance

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

GOVERNMENT GRANTS
Income from Government Grants is recognised in the profit and loss in the same period in which the related expense is incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

Recovery Services (Malvern) Limited (Registered number: 03418010)

Notes to the Financial Statements - continued
for the Year Ended 29th August 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 30th August 2022 396,642
Additions 40,100
At 29th August 2023 436,742
DEPRECIATION
At 30th August 2022 233,111
Charge for year 27,129
At 29th August 2023 260,240
NET BOOK VALUE
At 29th August 2023 176,502
At 29th August 2022 163,531

5. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 5,338 10,936
Bank loans - 2,453
5,338 13,389

Loans are secured over the assets of the company.

6. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 16,600 14,100

Deferred
tax
£   
Balance at 30th August 2022 14,100
Provided during year 2,500
Balance at 29th August 2023 16,600