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REGISTERED NUMBER: 07306397 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Recursive Technologies Ltd

Recursive Technologies Ltd (Registered number: 07306397)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Recursive Technologies Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs R C Murray
M J Murray





REGISTERED OFFICE: 1 Birch Drive
Stourbridge
West Midlands
DY8 3SU





REGISTERED NUMBER: 07306397 (England and Wales)





ACCOUNTANTS: Tollingtons Accountants Limited
Chartered Certified Accountants
11 Ashton Drive
Enderby
Leicestershire
LE19 4BA

Recursive Technologies Ltd (Registered number: 07306397)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 335 419

CURRENT ASSETS
Debtors 5 14,923 16,497
Cash at bank 4,800 3,037
19,723 19,534
CREDITORS
Amounts falling due within one year 6 22,906 19,295
NET CURRENT (LIABILITIES)/ASSETS (3,183 ) 239
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,848

)

658

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (2,948 ) 558
SHAREHOLDERS' FUNDS (2,848 ) 658

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





Mrs R C Murray - Director


Recursive Technologies Ltd (Registered number: 07306397)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Recursive Technologies 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 - 20% on reducing balance
Computer equipment - 33% on cost

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.

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 1 (2023 - 1 ) .

Recursive Technologies Ltd (Registered number: 07306397)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 2,000 5,791 7,791
DEPRECIATION
At 1 July 2023 1,581 5,791 7,372
Charge for year 84 - 84
At 30 June 2024 1,665 5,791 7,456
NET BOOK VALUE
At 30 June 2024 335 - 335
At 30 June 2023 419 - 419

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 10,234 11,808
Directors' loan accounts 4,689 4,689
14,923 16,497

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 866 -
Tax 15,845 14,353
Social security and other taxes 195 57
VAT 5,150 4,465
Directors' current accounts 430 -
Accrued expenses 420 420
22,906 19,295

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
50 Ordinary £1 50 50
50 Ordinary A £1 50 50
100 100

Recursive Technologies Ltd (Registered number: 07306397)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
M J Murray and Mrs R C Murray
Balance outstanding at start of year 4,689 5,535
Amounts repaid - (846 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,689 4,689

The loans to directors are interest free with no fixed repayment terms.