DIVINE RECOVERY LTD

Company Registration Number:
13475243 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2024

Period of accounts

Start date: 01 July 2023

End date: 30 November 2024

DIVINE RECOVERY LTD

Contents of the Financial Statements

for the Period Ended 30 November 2024

Balance sheet
Notes

DIVINE RECOVERY LTD

Balance sheet

As at 30 November 2024


Notes

17 months to 30 November 2024

2023


£

£
Fixed assets
Tangible assets: 3 1,435 1,913
Total fixed assets: 1,435 1,913
Current assets
Debtors:   63,522 42,008
Cash at bank and in hand: 105,424 92,306
Total current assets: 168,946 134,314
Creditors: amounts falling due within one year: 4 (61,757) (80,879)
Net current assets (liabilities): 107,189 53,435
Total assets less current liabilities: 108,624 55,348
Creditors: amounts falling due after more than one year:   (1,823)
Total net assets (liabilities): 106,801 55,348
Capital and reserves
Called up share capital: 4 4
Profit and loss account: 106,797 55,344
Shareholders funds: 106,801 55,348

The notes form part of these financial statements

DIVINE RECOVERY LTD

Balance sheet statements

For the year ending 30 November 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 April 2025
and signed on behalf of the board by:

Name: Ms A Momoh
Status: Director

The notes form part of these financial statements

DIVINE RECOVERY LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Office equipment - 25% reducing balance

DIVINE RECOVERY LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

2. Employees

17 months to 30 November 2024 2023
Average number of employees during the period 18 8

DIVINE RECOVERY LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Tangible Assets

Total
Cost £
At 01 July 2023 3,401
At 30 November 2024 3,401
Depreciation
At 01 July 2023 1,488
Charge for year 478
At 30 November 2024 1,966
Net book value
At 30 November 2024 1,435
At 30 June 2023 1,913

DIVINE RECOVERY LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Creditors: amounts falling due within one year note

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.

DIVINE RECOVERY LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

5. Related party transactions

Name of the related party: Avwill Limited
Relationship:
A company under the control of the Directors
Description of the Transaction: The company provided an unsecured loan of £51,138 (£42,008 - 2023) to Avwill Limited, a company under the control of the Directors. No interest has been charged on this loan.
£
Balance at 01 July 2023 42,008
Balance at 30 November 2024 51,138