REGISTERED NUMBER: 15039243 (England and Wales)

247 RECOVERY SERVICES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B Morse

REGISTERED OFFICE:

1 Green Farm Cottages

Rogiet

Caldicot

NP26 3UP

REGISTERED NUMBER:

15039243 (England and Wales)

ACCOUNTANTS:

Green & Co

Chartered Certified Accountants

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Tangible assets

4

87,174

25,265

Investments

5

1,654

674

88,828

25,939

CURRENT ASSETS

Stocks

46,137

14,657

Debtors

6

15,196

1,364

Cash at bank

20,166

8,103

81,499

24,124

CREDITORS

Amounts falling due within one year

7

71,954

17,973

NET CURRENT ASSETS

9,545

6,151

TOTAL ASSETS LESS CURRENT LIABILITIES

98,373

32,090

CREDITORS

Amounts falling due after more than one year

8

(27,467

)

-

PROVISIONS FOR LIABILITIES

(15,598

)

(3,335

)

NET ASSETS

55,308

28,755

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

55,307

28,754

SHAREHOLDERS' FUNDS

55,308

28,755

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

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

The financial statements were approved by the director and authorised for issue on 17th October 2025 and were signed by:

B Morse - Director

1.	STATUTORY INFORMATION

247 Recovery Services 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Plant and machinery

-

10% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1st August 2024

-

3,279

-

25,500

28,779

Additions

4,865

21,473

3,919

44,000

74,257

At 31st July 2025

4,865

24,752

3,919

69,500

103,036

DEPRECIATION

At 1st August 2024

-

35

-

3,479

3,514

Charge for year

324

1,823

321

9,880

12,348

At 31st July 2025

324

1,858

321

13,359

15,862

NET BOOK VALUE

At 31st July 2025

4,541

22,894

3,598

56,141

87,174

At 31st July 2024

-

3,244

-

22,021

25,265

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

35,000

At 31st July 2025

35,000

DEPRECIATION

Charge for year

4,375

At 31st July 2025

4,375

NET BOOK VALUE

At 31st July 2025

30,625

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

Private number plates

1,654

674

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

1,364

Other debtors

5,177

-

Directors' current accounts

7,961

-

Prepayments

2,058

-

15,196

1,364

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

5,513

-

Trade creditors

48,465

3,100

Corporation Tax

-

1,951

Social security and other taxes

450

-

VAT

13,035

3,756

Other creditors

563

1,415

Directors' current accounts

-

5,262

Accrued expenses

3,928

2,489

71,954

17,973

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

27,467

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

10.	RELATED PARTY DISCLOSURES

The company had an outstanding directors loan account at the year end due from B Morse of £7,961 (2024: owing to B Morse £5,263) .