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REGISTERED NUMBER: 11151604 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Recserv Ltd

Recserv Ltd (Registered number: 11151604)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Recserv Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: S P Scovell





SECRETARY:





REGISTERED OFFICE: Myrtle House
High Street
Henfield
West Sussex
BN5 9DA





REGISTERED NUMBER: 11151604 (England and Wales)





ACCOUNTANTS: Michael Finn & Co
Myrtle House
High Street
HENFIELD
West Sussex
BN5 9DA

Recserv Ltd (Registered number: 11151604)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,505 24,927

CURRENT ASSETS
Debtors 5 247,964 239,692
Cash at bank 15,490 861
263,454 240,553
CREDITORS
Amounts falling due within one year 6 208,940 187,962
NET CURRENT ASSETS 54,514 52,591
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,019

77,518

CREDITORS
Amounts falling due after more than one
year

7

20,103

31,854
NET ASSETS 52,916 45,664

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 52,716 45,464
SHAREHOLDERS' FUNDS 52,916 45,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 17 October 2024 and were signed by:





S P Scovell - Director


Recserv Ltd (Registered number: 11151604)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Recserv 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2023 - 3 ) .

Recserv Ltd (Registered number: 11151604)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023
and 31 January 2024 1,374 1,061 28,000 3,011 33,446
DEPRECIATION
At 1 February 2023 602 664 4,667 2,586 8,519
Charge for year 193 99 5,833 297 6,422
At 31 January 2024 795 763 10,500 2,883 14,941
NET BOOK VALUE
At 31 January 2024 579 298 17,500 128 18,505
At 31 January 2023 772 397 23,333 425 24,927

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 226,692 228,899
Directors' current accounts 19,947 9,894
Prepayments 1,325 899
247,964 239,692

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 86,193 97,219
Hire purchase contracts 6,751 6,751
Trade creditors 34,540 780
Tax 15,853 11,376
Social security and other taxes 971 915
Pensions payable - 117
VAT 60,638 67,704
Other creditors 744 -
Accrued expenses 3,250 3,100
208,940 187,962

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bounceback loan 11,667 16,667
Hire purchase contracts 8,436 15,187
20,103 31,854