Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 SC583284 Mr Mehmood Hassan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC583284 2022-12-31 SC583284 2023-12-31 SC583284 2023-01-01 2023-12-31 SC583284 frs-core:CurrentFinancialInstruments 2023-12-31 SC583284 frs-core:ComputerEquipment 2023-12-31 SC583284 frs-core:ComputerEquipment 2023-01-01 2023-12-31 SC583284 frs-core:ComputerEquipment 2022-12-31 SC583284 frs-core:MotorVehicles 2023-12-31 SC583284 frs-core:MotorVehicles 2023-01-01 2023-12-31 SC583284 frs-core:MotorVehicles 2022-12-31 SC583284 frs-core:ShareCapital 2023-12-31 SC583284 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC583284 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC583284 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 SC583284 frs-bus:SmallEntities 2023-01-01 2023-12-31 SC583284 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC583284 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC583284 frs-bus:Director1 2023-01-01 2023-12-31 SC583284 frs-countries:Scotland 2023-01-01 2023-12-31 SC583284 2021-12-31 SC583284 2022-12-31 SC583284 2022-01-01 2022-12-31 SC583284 frs-core:CurrentFinancialInstruments 2022-12-31 SC583284 frs-core:ShareCapital 2022-12-31 SC583284 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: SC583284
Recovery 2Day Limited
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC583284
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,365 6,031
4,365 6,031
CURRENT ASSETS
Cash at bank and in hand 4,371 6,871
4,371 6,871
Creditors: Amounts Falling Due Within One Year 5 (2,331 ) (2,975 )
NET CURRENT ASSETS (LIABILITIES) 2,040 3,896
TOTAL ASSETS LESS CURRENT LIABILITIES 6,405 9,927
NET ASSETS 6,405 9,927
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 6,305 9,827
SHAREHOLDERS' FUNDS 6,405 9,927
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mehmood Hassan
Director
24/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Recovery 2Day Limited is a private company, limited by shares, incorporated in Scotland, registered number SC583284 . The registered office is 17 Levern Bridge Way, Glasgow, G53 7AH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20.00% - reducing balance method
Computer Equipment 33.33% - straight line method
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 4)
4 4
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 10,150 4,398 14,548
As at 31 December 2023 10,150 4,398 14,548
Depreciation
As at 1 January 2023 4,953 3,564 8,517
Provided during the period 1,040 626 1,666
As at 31 December 2023 5,993 4,190 10,183
Net Book Value
As at 31 December 2023 4,157 208 4,365
As at 1 January 2023 5,197 834 6,031
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5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 994 1,156
Other taxes and social security 137 619
Accruals and deferred income 1,200 1,200
2,331 2,975
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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