REGISTERED NUMBER: 07980821 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Shiptons Recovery Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P B Shipton

Mrs G J Shipton

REGISTERED OFFICE:

Uttoxeter Road

Foston

Derbyshire

DE65 5PX

REGISTERED NUMBER:

07980821 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

4

554,692

632,552

CURRENT ASSETS

Stocks

2,900

3,200

Debtors

5

119,769

131,299

Cash at bank and in hand

169,402

127,140

292,071

261,639

CREDITORS

Amounts falling due within one year

6

472,229

519,138

NET CURRENT LIABILITIES

(180,158

)

(257,499

)

TOTAL ASSETS LESS CURRENT LIABILITIES

374,534

375,053

PROVISIONS FOR LIABILITIES

7

85,819

85,382

NET ASSETS

288,715

289,671

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

288,615

289,571

SHAREHOLDERS' FUNDS

288,715

289,671

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2025 and were signed on its behalf by:

P B Shipton - Director

1.	STATUTORY INFORMATION

Shiptons Recovery Services 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.

The company's financial statements should be prepared on a going concern basis on the grounds that, despite reporting net current liabilities in the balance sheet, current and future sources of funding and the continued support of the directors will be more than adequate for the company's needs. The Board considered a period of twelve months from the date of approval of the financial statements.

Turnover

Turnover represents the net invoiced value of services, excluding value added tax. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the agreed upon payment. In the case of work in progress it includes relevant costs and overheads plus attributable profit to date of uninvoiced work.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

2% on cost

Plant and machinery

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all material timing differences.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

60,561

68,868

1,202,281

2,485

1,334,195

Additions

1,085

38,708

6,500

588

46,881

Disposals

-

(3,900

)

(15,500

)

-

(19,400

)

At 31 March 2025

61,646

103,676

1,193,281

3,073

1,361,676

DEPRECIATION

At 1 April 2024

8,999

33,139

657,417

2,088

701,643

Charge for year

1,229

6,583

108,846

299

116,957

Eliminated on disposal

-

(1,128

)

(10,488

)

-

(11,616

)

At 31 March 2025

10,228

38,594

755,775

2,387

806,984

NET BOOK VALUE

At 31 March 2025

51,418

65,082

437,506

686

554,692

At 31 March 2024

51,562

35,729

544,864

397

632,552

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

78,762

85,445

Other debtors

-

11,575

Tax

-

2,677

Prepayments

41,007

31,602

119,769

131,299

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

21,025

48,942

Social security and other taxes

13,231

750

Other creditors

195

2,772

Directors' current accounts

428,537

460,246

Accrued expenses

9,241

6,428

472,229

519,138

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

85,819

85,382

Deferred

tax

£

Balance at 1 April 2024

85,382

Charge to Profit and Loss Account during year

437

Balance at 31 March 2025

85,819