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REGISTERED NUMBER: 04981495 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

ARC RECOVERY LIMITED

ARC RECOVERY LIMITED (REGISTERED NUMBER: 04981495)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ARC RECOVERY LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: A R Phipps
R D Phipps





REGISTERED OFFICE: Fourth Floor St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR





REGISTERED NUMBER: 04981495 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

ARC RECOVERY LIMITED (REGISTERED NUMBER: 04981495)

Statement of Financial Position
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 309,081 71,236

CURRENT ASSETS
Debtors 5 55,854 12,860
Cash at bank and in hand 58,781 35,933
114,635 48,793
CREDITORS
Amounts falling due within one year 6 130,749 60,173
NET CURRENT LIABILITIES (16,114 ) (11,380 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

292,967

59,856

CREDITORS
Amounts falling due after more than
one year

7

(194,613

)

-

PROVISIONS FOR LIABILITIES (10,544 ) (13,092 )
NET ASSETS 87,810 46,764

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 87,806 46,760
87,810 46,764

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ARC RECOVERY LIMITED (REGISTERED NUMBER: 04981495)

Statement of Financial Position - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





R D Phipps - Director


ARC RECOVERY LIMITED (REGISTERED NUMBER: 04981495)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

ARC Recovery Limited 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.
Freehold property - 2% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

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 year was 10 (2023 - 8 ) .

ARC RECOVERY LIMITED (REGISTERED NUMBER: 04981495)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 29,892 121,151 3,298
Additions 250,000 - 404
At 31 December 2024 279,892 121,151 3,702
DEPRECIATION
At 1 January 2024 4,733 89,932 3,009
Charge for year 1,015 7,831 72
At 31 December 2024 5,748 97,763 3,081
NET BOOK VALUE
At 31 December 2024 274,144 23,388 621
At 31 December 2023 25,159 31,219 289

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 94,675 14,529 263,545
Additions - - 250,404
At 31 December 2024 94,675 14,529 513,949
DEPRECIATION
At 1 January 2024 81,509 13,126 192,309
Charge for year 3,291 350 12,559
At 31 December 2024 84,800 13,476 204,868
NET BOOK VALUE
At 31 December 2024 9,875 1,053 309,081
At 31 December 2023 13,166 1,403 71,236

ARC RECOVERY LIMITED (REGISTERED NUMBER: 04981495)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,076 11,186
Other debtors 36,778 1,674
55,854 12,860

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,591 -
Trade creditors 18,493 19,386
Taxation and social security 21,274 24,715
Other creditors 83,391 16,072
130,749 60,173

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 194,613 -

8. RELATED PARTY DISCLOSURES

Phipps (Group) Limited, a related party by virtue of common control, has provided finance to ARC Recovery Limited by way of an interest free loan. During the year, ARC Recovery Limited borrowed £80,000 and repaid £7,234 of existing borrowings. At the balance sheet date, the amount owed to Phipps (Group) Limited was £80,000 (2023 : £7,234) and is included in other creditors.