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Company Registration No. 07337400 (England and Wales)
Recipro (UK) Limited Unaudited accounts for the year ended 31 December 2023
Recipro (UK) Limited Unaudited accounts Contents
Page
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Recipro (UK) Limited Company Information for the year ended 31 December 2023
Directors
Rebecca Close Michael Close
Company Number
07337400 (England and Wales)
Registered Office
2 Britannia House Dock Road Wallasey Wirral CH41 1DF United Kingdom
Accountants
Elevate Accounting Solutions Limited 14 John Bradshaw Court Alexandria Way Congleton CW12 1LB
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Recipro (UK) Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,041 
4,581 
Current assets
Inventories
15,000 
8,000 
Debtors
43,643 
30,607 
Cash at bank and in hand
196,255 
206,787 
254,898 
245,394 
Creditors: amounts falling due within one year
(134,182)
(161,045)
Net current assets
120,716 
84,349 
Total assets less current liabilities
139,757 
88,930 
Creditors: amounts falling due after more than one year
(14,806)
(24,947)
Provisions for liabilities
Deferred tax
(3,618)
(870)
Net assets
121,333 
63,113 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
121,332 
63,112 
Shareholders' funds
121,333 
63,113 
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by
Rebecca Close Director Company Registration No. 07337400
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Recipro (UK) Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Recipro (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 07337400. The registered office is 2 Britannia House, Dock Road, Wallasey, Wirral, CH41 1DF, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
15% on cost
Motor vehicles
15% on cost
Fixtures & fittings
15% on cost
Computer equipment
33% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Recipro (UK) Limited Notes to the Accounts for the year ended 31 December 2023
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
8,306 
5,495 
10,460 
41,004 
65,265 
Additions
1,929 
15,045 
- 
- 
16,974 
At 31 December 2023
10,235 
20,540 
10,460 
41,004 
82,239 
Depreciation
At 1 January 2023
4,412 
4,808 
10,460 
41,004 
60,684 
Charge for the year
838 
1,676 
- 
- 
2,514 
At 31 December 2023
5,250 
6,484 
10,460 
41,004 
63,198 
Net book value
At 31 December 2023
4,985 
14,056 
- 
- 
19,041 
At 31 December 2022
3,894 
687 
- 
- 
4,581 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
37,211 
28,711 
Accrued income and prepayments
6,432 
1,896 
43,643 
30,607 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,140 
9,890 
VAT
15,372 
12,362 
Trade creditors
26,383 
51,651 
Taxes and social security
22,394 
39,072 
Other creditors
1,759 
- 
Loans from directors
58,134 
48,070 
134,182 
161,045 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,806 
24,947 
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Recipro (UK) Limited Notes to the Accounts for the year ended 31 December 2023
8
Controlling party
The immediate parent company throughout the period was Recipro Limited (company number 07605975, registered in England & Wales). The ultimate parent company throughout the period was Recipro Holdings Limited (company number 13333073, registered in England & Wales). There was no ultimate controlling party during the period.
9
Average number of employees
During the year the average number of employees was 7 (2022: 9).
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