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REGISTERED NUMBER: 01237613 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

BUTTERFIELD'S RECOVERY LTD

BUTTERFIELD'S RECOVERY LTD (REGISTERED NUMBER: 01237613)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


BUTTERFIELD'S RECOVERY LTD

COMPANY INFORMATION
For The Year Ended 30 June 2024







DIRECTORS: A J Butterfield
Mrs L G Butterfield





SECRETARY: Mrs L G Butterfield





REGISTERED OFFICE: Ground Floor, Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR





REGISTERED NUMBER: 01237613 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

BUTTERFIELD'S RECOVERY LTD (REGISTERED NUMBER: 01237613)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 174,743 174,973

CURRENT ASSETS
Debtors 5 1,889 935

CREDITORS
Amounts falling due within one year 6 289,288 281,291
NET CURRENT LIABILITIES (287,399 ) (280,356 )
TOTAL ASSETS LESS CURRENT LIABILITIES (112,656 ) (105,383 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (112,756 ) (105,483 )
SHAREHOLDERS' FUNDS (112,656 ) (105,383 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2025 and were signed on its behalf by:





A J Butterfield - Director


BUTTERFIELD'S RECOVERY LTD (REGISTERED NUMBER: 01237613)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024


1. STATUTORY INFORMATION

Butterfield's Recovery 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.
Land & buildings - 2% SL on assets
Plant & equipment - 15% on reducing balance
Motor vehicles - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

Going concern
The financial statements have been prepared on a going concern basis although the balance sheet displayed a negative amount of at the balance sheet date. The directors has confirmed continued support to the company and will ensure the company retains sufficient working capital to continue trading for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Land & Plant & Motor
buildings equipment vehicles Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 173,433 80,998 179,505 433,936
DEPRECIATION
At 1 July 2023 - 80,011 178,952 258,963
Charge for year - 148 82 230
At 30 June 2024 - 80,159 179,034 259,193
NET BOOK VALUE
At 30 June 2024 173,433 839 471 174,743
At 30 June 2023 173,433 987 553 174,973

BUTTERFIELD'S RECOVERY LTD (REGISTERED NUMBER: 01237613)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 872
VAT 94 63
Prepayments and accrued income 1,795 -
1,889 935

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,296 6,919
Trade creditors 1,828 61
Directors' current accounts 277,244 272,521
Accrued expenses 1,920 1,790
289,288 281,291

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. ULTIMATE CONTROLLING PARTY

The controlling party is A J Butterfield.