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
L and P Recovery Services Limited
Company Information
for the period from 1 October 2023 to 31 July 2024
Directors
Lynne Rackham
Paul Seymour
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
L and P Recovery Services Limited
Statement of financial position
as at 31 July 2024
Cash at bank and in hand
32,137
Creditors: amounts falling due within one year
(338,079)
Total assets less current liabilities
181,673
Creditors: amounts falling due after more than one year
(29,509)
Provisions for liabilities
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
L and P Recovery Services Limited
Notes to the Accounts
for the period from 1 October 2023 to 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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
Additions
118,735
500
119,235
At 31 July 2024
118,735
500
119,235
Charge for the period
17,810
75
17,885
At 31 July 2024
17,810
75
17,885
At 31 July 2024
100,925
425
101,350
Amounts falling due within one year
Accrued income and prepayments
916
7
Creditors: amounts falling due within one year
2024
Obligations under finance leases and hire purchase contracts
21,031
Taxes and social security
15,060
Loans from directors
90,742
8
Creditors: amounts falling due after more than one year
2024
Obligations under finance leases and hire purchase contracts
29,509
Accelerated capital allowances
25,338
Charged to the profit and loss account
25,338
Provision at end of period
25,338
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.