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REGISTERED NUMBER: 10318323 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Recursyv Limited

Recursyv Limited (Registered number: 10318323)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Recursyv Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: P J Newman
P Caudell





REGISTERED OFFICE: 238 Station Road
Addlestone
KT15 2PS





REGISTERED NUMBER: 10318323 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Chartered Certified Accountants
238 Station Road
Addlestone
Surrey
KT15 2PS

Recursyv Limited (Registered number: 10318323)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 1,065 2,038

CURRENT ASSETS
Debtors 5 145,313 82,658
Cash at bank 157,533 132,932
302,846 215,590
CREDITORS
Amounts falling due within one year 6 (170,854 ) (158,072 )
NET CURRENT ASSETS 131,992 57,518
TOTAL ASSETS LESS CURRENT LIABILITIES 133,057 59,556

CREDITORS
Amounts falling due after more than one
year

7

(5,286

)

(15,661

)

PROVISIONS FOR LIABILITIES (510 ) (510 )
NET ASSETS 127,261 43,385

CAPITAL AND RESERVES
Called up share capital 1,510 1,510
Retained earnings 125,751 41,875
SHAREHOLDERS' FUNDS 127,261 43,385

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.

Recursyv Limited (Registered number: 10318323)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by:





P Caudell - Director


Recursyv Limited (Registered number: 10318323)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Recursyv 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue
Revenue is measured at fair value and represents revenues receivable under contracts net of value added tax. Where contractual obligations have been partially performed at the balance sheet date, revenue is recognised to the extent that the company has obtained the right to consideration through its performance.

Tangible fixed assets
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows:

Computer equipment - 25% on cost

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the income statement.

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 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Recursyv Limited (Registered number: 10318323)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 January 2024
and 31 December 2024 8,662
DEPRECIATION
At 1 January 2024 6,624
Charge for year 973
At 31 December 2024 7,597
NET BOOK VALUE
At 31 December 2024 1,065
At 31 December 2023 2,038

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 144,325 81,152
Other debtors - 1,506
Prepayments 988 -
145,313 82,658

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 10,395 10,118
Trade creditors 2,220 537
Tax 121,114 107,793
Social security and other taxes 6,394 3,787
VAT 12,934 8,998
Other creditors 652 -
Directors' current accounts 3,645 2,445
Accruals and deferred income 13,500 24,394
170,854 158,072

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans - 1-2 years 5,286 10,375
Bank loans - 2-5 years - 5,286
5,286 15,661