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Company Registration No. 15148986 (England and Wales)
L and P Recovery Services Limited Unaudited accounts for the year ended 31 July 2025
L and P Recovery Services Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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L and P Recovery Services Limited Company Information for the year ended 31 July 2025
Directors
Lynne Rackham Paul Seymour
Company Number
15148986 (England and Wales)
Registered Office
NEWCROFT TONBRIDGE HILL STOKE ROAD HOO ROCHESTER ME3 9NW ENGLAND
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of L and P Recovery Services Limited for the year ended 31 July 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of L and P Recovery Services Limited for the year ended 31 July 2025 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of L and P Recovery Services Limited, as a body, in accordance with the terms of our engagement letter dated 9 July 2024. Our work has been undertaken solely to prepare for your approval the accounts of L and P Recovery Services Limited and state those matters that we have agreed to state to the Board of Directors of L and P Recovery Services Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than L and P Recovery Services Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that L and P Recovery Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of L and P Recovery Services Limited. You consider that L and P Recovery Services Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of L and P Recovery Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Rustrick Accountants Limited Chartered Accountants 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ 4 June 2026
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L and P Recovery Services Limited Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
5,000
5,000
Tangible assets
5
86,147
101,350
91,147
106,350
Current assets
Debtors
6
29,857
381,265
Cash at bank and in hand
9,268
32,137
39,125
413,402
Creditors: amounts falling due within one year
7
(56,012)
(338,079)
Net current (liabilities)/assets
(16,887)
75,323
Total assets less current liabilities
74,260
181,673
Creditors: amounts falling due after more than one year
8
(11,832)
(29,509)
Provisions for liabilities
Deferred tax
9
(21,537)
(25,338)
Net assets
40,891
126,826
Capital and reserves
Called up share capital
10
2
-
Profit and loss account
40,889
126,826
Shareholders' funds
40,891
126,826
For the year ending 31 July 2025 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 4 June 2026 and were signed on its behalf by
Lynne Rackham Director Company Registration No. 15148986
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L and P Recovery Services Limited Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
L and P Recovery Services Limited is a private company, limited by shares, registered in England and Wales, registration number 15148986. The registered office and principal place of business is NEWCROFT TONBRIDGE HILL STOKE ROAD, HOO, ROCHESTER, ME3 9NW, ENGLAND.
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 accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
15% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Going concern
The director has assessed the company’s financial position, cash flow forecasts and future commitments. Based on this review, he considers that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, the financial statements have been prepared on a going concern basis.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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L and P Recovery Services Limited Notes to the Accounts for the year ended 31 July 2025
4
Intangible fixed assets
Other
£
Cost
At 1 August 2024
5,000
At 31 July 2025
5,000
Amortisation
At 1 August 2024
-
At 31 July 2025
-
Net book value
At 31 July 2025
5,000
At 31 July 2024
5,000
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 August 2024
118,735
500
119,235
At 31 July 2025
118,735
500
119,235
Depreciation
At 1 August 2024
17,810
75
17,885
Charge for the year
15,139
64
15,203
At 31 July 2025
32,949
139
33,088
Net book value
At 31 July 2025
85,786
361
86,147
At 31 July 2024
100,925
425
101,350
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
14,706
380,349
Accrued income and prepayments
-
916
Other debtors
15,151
-
29,857
381,265
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
10,761
122,457
Obligations under finance leases and hire purchase contracts
19,354
21,031
Trade creditors
16,175
87,434
Taxes and social security
926
15,060
Other creditors
88
1,355
Loans from directors
8,708
90,742
56,012
338,079
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L and P Recovery Services Limited Notes to the Accounts for the year ended 31 July 2025
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
11,832
29,509
9
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
21,537
25,338
2025
2024
£
£
Provision at start of year
25,338
-
(Credited)/charged to the profit and loss account
(3,801)
25,338
Provision at end of year
21,537
25,338
10
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
-
Shares issued during the period:
2 Ordinary shares of £1 each
2
11
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Lynne Rackham
8,709
-
2
8,707
Paul Seymour
(17,164)
2,988
975
(15,151)
(8,455)
2,988
977
(6,444)
12
Average number of employees
During the year the average number of employees was 3 (2024: 2).
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