IRIS Accounts Production v24.3.2.46 15039243 director 31.7.23 31.7.24 31.7.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh150392432023-07-30150392432024-07-31150392432023-07-312024-07-31150392432023-07-3015039243ns15:EnglandWales2023-07-312024-07-3115039243ns14:PoundSterling2023-07-312024-07-3115039243ns10:Director12023-07-312024-07-3115039243ns10:PrivateLimitedCompanyLtd2023-07-312024-07-3115039243ns10:SmallEntities2023-07-312024-07-3115039243ns10:AuditExempt-NoAccountantsReport2023-07-312024-07-3115039243ns10:SmallCompaniesRegimeForDirectorsReport2023-07-312024-07-3115039243ns10:SmallCompaniesRegimeForAccounts2023-07-312024-07-3115039243ns10:FullAccounts2023-07-312024-07-3115039243ns10:OrdinaryShareClass12023-07-312024-07-3115039243ns10:RegisteredOffice2023-07-312024-07-3115039243ns5:CurrentFinancialInstruments2024-07-3115039243ns5:ShareCapital2024-07-3115039243ns5:RetainedEarningsAccumulatedLosses2024-07-3115039243ns5:PlantMachinery2023-07-312024-07-3115039243ns5:MotorVehicles2023-07-312024-07-3115039243ns5:PlantMachinery2024-07-3115039243ns5:MotorVehicles2024-07-3115039243ns10:OrdinaryShareClass12024-07-31
REGISTERED NUMBER: 15039243 (England and Wales)















247 RECOVERY SERVICES LTD

FINANCIAL STATEMENTS

FOR THE PERIOD

31ST JULY 2023 TO 31ST JULY 2024






247 RECOVERY SERVICES LTD (REGISTERED NUMBER: 15039243)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 31ST JULY 2023 TO 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


247 RECOVERY SERVICES LTD

COMPANY INFORMATION
FOR THE PERIOD 31ST JULY 2023 TO 31ST JULY 2024







DIRECTOR: B Morse





REGISTERED OFFICE: 1 Green Farm Cottages
Rogiet
Caldicot
NP26 3UP





REGISTERED NUMBER: 15039243 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

247 RECOVERY SERVICES LTD (REGISTERED NUMBER: 15039243)

BALANCE SHEET
31ST JULY 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 25,265
Investments 5 674
25,939

CURRENT ASSETS
Stocks 14,657
Debtors 6 1,364
Cash at bank 8,103
24,124
CREDITORS
Amounts falling due within one year 7 17,973
NET CURRENT ASSETS 6,151
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,090

PROVISIONS FOR LIABILITIES 3,335
NET ASSETS 28,755

CAPITAL AND RESERVES
Called up share capital 8 1
Retained earnings 28,754
SHAREHOLDERS' FUNDS 28,755

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st July 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.

247 RECOVERY SERVICES LTD (REGISTERED NUMBER: 15039243)

BALANCE SHEET - continued
31ST JULY 2024


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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 16th December 2024 and were signed by:





B Morse - Director


247 RECOVERY SERVICES LTD (REGISTERED NUMBER: 15039243)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 31ST JULY 2023 TO 31ST JULY 2024

1. STATUTORY INFORMATION

247 Recovery Services 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.
Plant and machinery - 10% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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 period 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.

247 RECOVERY SERVICES LTD (REGISTERED NUMBER: 15039243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31ST JULY 2023 TO 31ST JULY 2024

2. ACCOUNTING POLICIES - continued

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 period was 1 .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
Additions 3,279 25,500 28,779
At 31st July 2024 3,279 25,500 28,779
DEPRECIATION
Charge for period 35 3,479 3,514
At 31st July 2024 35 3,479 3,514
NET BOOK VALUE
At 31st July 2024 3,244 22,021 25,265

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
£   
Private number plates 674

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 1,364

247 RECOVERY SERVICES LTD (REGISTERED NUMBER: 15039243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31ST JULY 2023 TO 31ST JULY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 3,100
Corporation Tax 1,951
VAT 3,756
Other creditors 1,415
Directors' current accounts 5,262
Accrued expenses 2,489
17,973

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £1 1

9. RELATED PARTY DISCLOSURES

The company had an outstanding directors loan account at the year end due to B Morse of £5,262.