Registered number
01380801
Credit Recovery Systems Limited
Filleted Accounts
31 March 2025

Credit Recovery Systems Limited
Registered number: | 01380801
Balance Sheet
as at 31 March 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  |  | 7,910 |  |  | 3,702
Investments | 4 |  |  | 170 |  |  | 170
|  |  |  | 8,080 |  |  | 3,872
Current assets
Debtors | 5 |  | 186,076 |  |  | 54,454
Cash at bank and in hand |  |  | 446,157 |  |  | 563,229
|  |  | 632,233 |  |  | 617,683
Creditors: amounts falling due within one year | 6 |  | (221,773) |  |  | (237,571)
Net current assets |  |  |  | 410,460 |  |  | 380,112
Net assets |  |  |  | 418,540 |  |  | 383,984
Capital and reserves
Called up share capital |  |  |  | 80,000 |  |  | 80,000
Profit and loss account |  |  |  | 338,540 |  |  | 303,984
Shareholders' funds |  |  |  | 418,540 |  |  | 383,984
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B L Jackson
Director
Approved by the board on 5 November 2025

Credit Recovery Systems Limited
Notes to the Accounts
for the year ended 31 March 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention as modified by the revaluation of certain assets, and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Turnover
| The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Fixtures, fittings and equipment | 25% p.a. straight line
| Investments
| Listed investments are measured at net book value. Unlisted investments are measured at fair value. Changes in fair value are included in the profit and loss account.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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.
| Leased assets
| A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
| Pensions
| Contributions to defined contribution plans are expensed in the period to which they relate.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 7 |  | 7
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Fixtures fittings and equipment
£
| Cost
| At 1 April 2024 | 15,127
| Additions | 7,082
| At 31 March 2025 | 22,209
| Depreciation
| At 1 April 2024 | 11,425
| Charge for the year | 2,874
| At 31 March 2025 | 14,299
| Net book value
| At 31 March 2025 | 7,910
| At 31 March 2024 | 3,702
4 | Investments
Listed
investments
£
| Historic cost
| At 1 April 2024 | 170
| At 31 March 2025 | 170
| Listed Investments having a net book value of £170 (2024 - £170) are held by the company and had a market value of £249 at the end of the year (2024 - £283 ).
5 | Debtors | 2025 |  | 2024
£ | £
| Trade debtors | 49,103 |  | 54,024
| Other debtors | 136,973 |  | 430
|  |  |  |  |  | 186,076 |  | 54,454
6 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Trade creditors | 3,789 |  | 2,001
| Taxation and social security costs | 17,090 |  | 16,544
| Other creditors | 200,894 |  | 219,026
|  |  |  |  |  | 221,773 |  | 237,571
7 | Other financial commitments | 2025 |  | 2024
£ | £
| Total future minimum payments under non-cancellable operating leases |  | 102,083 |  | -
8 | Loans to directors
| During the year, the Directors received advances of £136,500
9 | Related party transactions
| There were no transactions required to be disclosed under FRS 102.
10 | Controlling party
| The company was under the control of the Directors throughout the current and previous year.
11 | Other information
| Credit Recovery Systems Limited is a private company limited by shares and incorporated in England. Its registered office is:
| 49C High Street
| Chislehurst
| Kent
| BR7 5AF

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