2023-03-012024-02-292024-02-29false06807152UTILITY RECOVERIES SPECIALISTS 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UTILITY RECOVERIES SPECIALISTS LIMITED

Registered Number
06807152
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

UTILITY RECOVERIES SPECIALISTS LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

THOMAS, Mark Leslie
THOMAS, Sarah Vanessa

Company Secretary

THOMAS, Sarah Vanessa

Registered Address

Chestnut Field House
Chestnut Field
Rugby
CV21 2PD

Registered Number

06807152 (England and Wales)
UTILITY RECOVERIES SPECIALISTS LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3349,190283,586
349,190283,586
Current assets
Debtors372,918841,214
Cash at bank and on hand82,320102,606
455,238943,820
Creditors amounts falling due within one year4(117,250)(139,560)
Net current assets (liabilities)337,988804,260
Total assets less current liabilities687,1781,087,846
Creditors amounts falling due after one year(66,531)(23,228)
Net assets620,6471,064,618
Capital and reserves
Called up share capital2020
Profit and loss account620,6271,064,598
Shareholders' funds620,6471,064,618
The financial statements were approved and authorised for issue by the Board of Directors on 26 November 2024, and are signed on its behalf by:
THOMAS, Mark Leslie
Director
Registered Company No. 06807152
UTILITY RECOVERIES SPECIALISTS LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
Utility Recoveries Specialists Limited 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.
Statement of compliance
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 policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee 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.
Current 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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery-10
Fixtures and fittings-10
Vehicles20-
Office Equipment-5
2.Average number of employees

20242023
Average number of employees during the year44
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 23347,569
Additions106,392
At 29 February 24453,961
Depreciation and impairment
At 01 March 2363,983
Charge for year40,788
At 29 February 24104,771
Net book value
At 29 February 24349,190
At 28 February 23283,586
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables3,6748,076
Bank borrowings and overdrafts25,32010,648
Taxation and social security88,256120,836
Total117,250139,560
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
THOMAS, Mark Leslie739,6740467,463272,211
739,6740467,463272,211