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REGISTERED NUMBER: 12739632 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st July 2023

for

RECOVERLUTION LTD

RECOVERLUTION LTD (REGISTERED NUMBER: 12739632)






Contents of the Financial Statements
for the Year Ended 31st July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RECOVERLUTION LTD

Company Information
for the Year Ended 31st July 2023







DIRECTOR: D Fincham





REGISTERED OFFICE: Woodlea
Bates Lane
Helsby
Frodsham
Yorkshire
WA6 9LH





REGISTERED NUMBER: 12739632 (England and Wales)





ACCOUNTANTS: Graham Martin & Co
Accountants
89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ

RECOVERLUTION LTD (REGISTERED NUMBER: 12739632)

Balance Sheet
31st July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 183,260 183,000

CURRENT ASSETS
Debtors 5 6,478 18,071
Cash at bank 3,376 16,637
9,854 34,708
CREDITORS
Amounts falling due within one year 6 589,357 557,228
NET CURRENT LIABILITIES (579,503 ) (522,520 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(396,243

)

(339,520

)

PROVISIONS FOR LIABILITIES 570 570
NET LIABILITIES (396,813 ) (340,090 )

CAPITAL AND RESERVES
Called up share capital 7 2 4
Share premium 697,997 199,997
Retained earnings (1,094,812 ) (540,091 )
SHAREHOLDERS' FUNDS (396,813 ) (340,090 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

RECOVERLUTION LTD (REGISTERED NUMBER: 12739632)

Balance Sheet - continued
31st July 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 22nd December 2023 and were signed by:





D Fincham - Director


RECOVERLUTION LTD (REGISTERED NUMBER: 12739632)

Notes to the Financial Statements
for the Year Ended 31st July 2023

1. STATUTORY INFORMATION

Recoverlution 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.

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.
Plant and machinery etc - 25% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

RECOVERLUTION LTD (REGISTERED NUMBER: 12739632)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2022 185,000
Additions 1,347
At 31st July 2023 186,347
DEPRECIATION
At 1st August 2022 2,000
Charge for year 1,087
At 31st July 2023 3,087
NET BOOK VALUE
At 31st July 2023 183,260
At 31st July 2022 183,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 6,478 18,071

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,829 12,522
Trade creditors 88,132 146,050
Taxation and social security (20,001 ) (20,001 )
Other creditors 519,397 418,657
589,357 557,228

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
142,850 Ordinary Shares £0.00001 2 4
25,200 Preference Shares £0.00001 - -
2 4

RECOVERLUTION LTD (REGISTERED NUMBER: 12739632)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st July 2023 and 31st July 2022:

2023 2022
£    £   
D Fincham
Balance outstanding at start of year 64,263 41,201
Amounts advanced 943 54,880
Amounts repaid (61,186 ) (31,818 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,020 64,263