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
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
FIRST RECOVERING LIMITED
Statement of financial position
as at 30 April 2023
Tangible assets
55,656
41,501
Cash at bank and in hand
632,497
515,614
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)
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
FIRST RECOVERING LIMITED
Notes to the Accounts
for the year ended 30 April 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
FIRST RECOVERING LIMITED
Notes to the Accounts
for the year ended 30 April 2023
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
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
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
111,942
71,594
Taxes and social security
-
1,140
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).