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Company Registration No. 11898597 (England and Wales)
SA CREDIT RECOVERY LTD Unaudited accounts for the year ended 31 March 2024
SA CREDIT RECOVERY LTD Unaudited accounts Contents
Page
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SA CREDIT RECOVERY LTD Company Information for the year ended 31 March 2024
Director
Samad Abdul
Company Number
11898597 (England and Wales)
Registered Office
High Oak Business Centre Office 19 15-17 Gentlemens Field, Westmill Road Ware Hertfordshire SG12 0EF
Accountants
Project H Limited Accountants Beadle House Bull Plain Hertford Hertfordshire SG14 1DT
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SA CREDIT RECOVERY LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,824 
17,280 
Current assets
Debtors
701 
2,920 
Cash at bank and in hand
6,379 
3,270 
7,080 
6,190 
Creditors: amounts falling due within one year
(7,834)
(8,737)
Net current liabilities
(754)
(2,547)
Total assets less current liabilities
13,070 
14,733 
Creditors: amounts falling due after more than one year
(7,936)
(13,333)
Net assets
5,134 
1,400 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
5,132 
1,398 
Shareholders' funds
5,134 
1,400 
For the year ending 31 March 2024 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 director acknowledges his 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 and authorised for issue on 13 November 2024 and were signed on its behalf by
Samad Abdul Director Company Registration No. 11898597
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SA CREDIT RECOVERY LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
SA CREDIT RECOVERY LTD is a private company, limited by shares, registered in England and Wales, registration number 11898597. The registered office is High Oak Business Centre Office 19, 15-17 Gentlemens Field, Westmill Road, Ware, Hertfordshire, SG12 0EF.
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.
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:
Motor vehicles
20% reducing balance
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 April 2023
27,000 
At 31 March 2024
27,000 
Depreciation
At 1 April 2023
9,720 
Charge for the year
3,456 
At 31 March 2024
13,176 
Net book value
At 31 March 2024
13,824 
At 31 March 2023
17,280 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
701 
2,920 
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SA CREDIT RECOVERY LTD Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,398 
5,000 
VAT
687 
1,284 
Trade creditors
- 
172 
Taxes and social security
1,463 
- 
Other creditors
261 
- 
Loans from directors
- 
2,018 
Accruals
25 
263 
7,834 
8,737 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,936 
13,333 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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