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Company Registration No. 15148986
L and P Recovery Services Limited Unaudited accounts for the period from 1 October 2023 to 31 July 2024
L and P Recovery Services Limited Unaudited accounts Contents
Page
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L and P Recovery Services Limited Company Information for the period from 1 October 2023 to 31 July 2024
Directors
Lynne Rackham Paul Seymour
Company Number
15148986
Registered Office
NEWCROFT TONBRIDGE HILL STOKE ROAD HOO ROCHESTER ME3 9NW ENGLAND
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
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L and P Recovery Services Limited Statement of financial position as at 31 July 2024
2024 
Notes
£ 
Fixed assets
Intangible assets
5,000 
Tangible assets
101,350 
106,350 
Current assets
Debtors
381,265 
Cash at bank and in hand
32,137 
413,402 
Creditors: amounts falling due within one year
(338,079)
Net current assets
75,323 
Total assets less current liabilities
181,673 
Creditors: amounts falling due after more than one year
(29,509)
Provisions for liabilities
Deferred tax
(25,338)
Net assets
126,826 
Capital and reserves
Profit and loss account
126,826 
Shareholders' funds
126,826 
For the period ending 31 July 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 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 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 of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by
Lynne Rackham Director Company Registration No. 15148986
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L and P Recovery Services Limited Notes to the Accounts for the period from 1 October 2023 to 31 July 2024
1
Statutory information
L and P Recovery Services Limited is a private company, limited by shares, , registration number 15148986. The registered office is NEWCROFT TONBRIDGE HILL STOKE ROAD, HOO, ROCHESTER, ME3 9NW, ENGLAND.
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 period, 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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Plant & machinery
15% Reducing Balance
Motor vehicles
15% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
15% Reducing Balance
4
Intangible fixed assets
Other 
£ 
Cost
At 1 October 2023
- 
Additions
5,000 
At 31 July 2024
5,000 
Amortisation
At 1 October 2023
- 
At 31 July 2024
- 
Net book value
At 31 July 2024
5,000 
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L and P Recovery Services Limited Notes to the Accounts for the period from 1 October 2023 to 31 July 2024
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
- 
- 
- 
Additions
118,735 
500 
119,235 
At 31 July 2024
118,735 
500 
119,235 
Depreciation
Charge for the period
17,810 
75 
17,885 
At 31 July 2024
17,810 
75 
17,885 
Net book value
At 31 July 2024
100,925 
425 
101,350 
6
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
380,349 
Accrued income and prepayments
916 
381,265 
7
Creditors: amounts falling due within one year
2024 
£ 
VAT
122,457 
Obligations under finance leases and hire purchase contracts
21,031 
Trade creditors
87,434 
Taxes and social security
15,060 
Other creditors
1,355 
Loans from directors
90,742 
338,079 
8
Creditors: amounts falling due after more than one year
2024 
£ 
Obligations under finance leases and hire purchase contracts
29,509 
9
Deferred taxation
2024 
£ 
Accelerated capital allowances
25,338 
2024 
£ 
Charged to the profit and loss account
25,338 
Provision at end of period
25,338 
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L and P Recovery Services Limited Notes to the Accounts for the period from 1 October 2023 to 31 July 2024
10
Average number of employees
During the period the average number of employees was 2.
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