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Company Registration No. 03794898 (England and Wales)
Recipero Limited Unaudited accounts for the year ended 31 December 2024
Recipero Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Recipero Limited Company Information for the year ended 31 December 2024
Directors
S Shepherd L Gray
Company Number
03794898 (England and Wales)
Registered Office
Watermoor Point Watermoor Road Cirencester GL7 1LF
Accountants
Virtual CFO Limited 118 Watermoor Point Watermoor Road Cirencester GL7 1LF
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Recipero Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
13,655 
17,087 
Investments
5
1,426,000 
1,426,000 
1,439,655 
1,443,087 
Current assets
Inventories
6
57,703 
39,189 
Debtors
7
4,181,383 
3,843,126 
Cash at bank and in hand
531,392 
983,767 
4,770,478 
4,866,082 
Creditors: amounts falling due within one year
8
(940,844)
(1,461,934)
Net current assets
3,829,634 
3,404,148 
Total assets less current liabilities
5,269,289 
4,847,235 
Creditors: amounts falling due after more than one year
9
(629,049)
(425,614)
Net assets
4,640,240 
4,421,621 
Capital and reserves
Called up share capital
427 
427 
Profit and loss account
4,639,813 
4,421,194 
Shareholders' funds
4,640,240 
4,421,621 
For the year ending 31 December 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 9 May 2025 and were signed on its behalf by
S Shepherd Director Company Registration No. 03794898
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Recipero Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Recipero Limited is a private company, limited by shares, registered in England and Wales, registration number 03794898. The registered office is Watermoor Point, Watermoor Road, Cirencester, GL7 1LF.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: • the Company has transferred the significant risks and rewards of ownership to the buyer; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the Company will receive the consideration due under the transaction; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: • the amount of revenue can be measured reliably; • it is probable that the Company will receive the consideration due under the contract; • the stage of completion of the contract at the end of the reporting period can be measured reliably; and • the costs incurred and the costs to complete the contract can be measured reliably.
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Recipero Limited Notes to the Accounts for the year ended 31 December 2024
Tangible fixed assets and depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following bases:.
Fixtures & fittings
3 years
Computer equipment
3 years
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
4,294 
66,265 
70,559 
Additions
570 
8,353 
8,923 
At 31 December 2024
4,864 
74,618 
79,482 
Depreciation
At 1 January 2024
3,095 
50,377 
53,472 
Charge for the year
869 
11,486 
12,355 
At 31 December 2024
3,964 
61,863 
65,827 
Net book value
At 31 December 2024
900 
12,755 
13,655 
At 31 December 2023
1,199 
15,888 
17,087 
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Recipero Limited Notes to the Accounts for the year ended 31 December 2024
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2024
1,426,000 
Valuation at 31 December 2024
1,426,000 
6
Inventories
2024 
2023 
£ 
£ 
Finished goods
57,703 
39,189 
57,703 
39,189 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
387,762 
382,422 
Accrued income and prepayments
103,642 
57,478 
Other debtors
1,626 
1,065 
493,030 
440,965 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
3,688,353 
3,402,161 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
95,757 
109,881 
Trade creditors
21,821 
231,694 
Taxes and social security
(88,987)
(58,803)
Other creditors
8,198 
(3,894)
Accruals
362,306 
710,387 
Deferred income
541,749 
472,669 
940,844 
1,461,934 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
629,049 
425,614 
10
Controlling party
The company's immediate and ultimate parent undertaking is Recipero Group Ltd. Recipero Group Ltd was incorporated in England and Wales. Copies of the group accounts may be obtained from the secretary, Watermoor Point, Watermoor Road, Cirencester GL7 1LF. The ultimate controlling party is Recipero Group Ltd which controls 100% of the shares of Recipero Ltd.
11
Average number of employees
During the year the average number of employees was 23 (2023: 22).
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