REGISTERED NUMBER: 11151604 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Recserv Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S P Scovell

SECRETARY:

REGISTERED OFFICE:

Myrtle House

High Street

Henfield

West Sussex

BN5 9DA

REGISTERED NUMBER:

11151604 (England and Wales)

ACCOUNTANTS:

Michael Finn & Co

Myrtle House

High Street

HENFIELD

West Sussex

BN5 9DA

FIXED ASSETS

Tangible assets

4

13,811

18,505

CURRENT ASSETS

Debtors

5

115,306

247,964

Cash at bank

209

15,490

115,515

263,454

CREDITORS

Amounts falling due within one year

6

113,901

208,940

NET CURRENT ASSETS

1,614

54,514

TOTAL ASSETS LESS CURRENT LIABILITIES

15,425

73,019

CREDITORS

Amounts falling due after more than one year

7

7,936

20,103

NET ASSETS

7,489

52,916

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

7,289

52,716

SHAREHOLDERS' FUNDS

7,489

52,916

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 September 2025 and were signed by:

S P Scovell - Director

1.	STATUTORY INFORMATION

Recserv 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2024

1,374

1,061

28,000

3,011

33,446

Additions

-

-

-

43

43

At 31 January 2025

1,374

1,061

28,000

3,054

33,489

DEPRECIATION

At 1 February 2024

795

763

10,500

2,883

14,941

Charge for year

145

75

4,375

142

4,737

At 31 January 2025

940

838

14,875

3,025

19,678

NET BOOK VALUE

At 31 January 2025

434

223

13,125

29

13,811

At 31 January 2024

579

298

17,500

128

18,505

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

114,064

226,692

Directors' current accounts

-

19,947

Prepayments

1,242

1,325

115,306

247,964

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

50,410

86,193

Hire purchase contracts

6,751

6,751

Trade creditors

-

34,540

Tax

14,002

15,853

Social security and other taxes

(14

)

971

VAT

39,280

60,638

Other creditors

-

744

Directors' current accounts

16

-

Accrued expenses

3,456

3,250

113,901

208,940

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bounceback loan

6,250

11,667

Hire purchase contracts

1,686

8,436

7,936

20,103