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
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
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
L and P Recovery Services Limited
Statement of financial position
as at 31 July 2025
Intangible assets
5,000
5,000
Tangible assets
86,147
101,350
Cash at bank and in hand
9,268
32,137
Creditors: amounts falling due within one year
(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
(11,832)
(29,509)
Provisions for liabilities
Deferred tax
(21,537)
(25,338)
Called up share capital
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
L and P Recovery Services Limited
Notes to the Accounts
for the year ended 31 July 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (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
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 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.
L and P Recovery Services Limited
Notes to the Accounts
for the year ended 31 July 2025
4
Intangible fixed assets
Other
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
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
At 31 July 2025
85,786
361
86,147
At 31 July 2024
100,925
425
101,350
Amounts falling due within one year
Trade debtors
14,706
380,349
Accrued income and prepayments
-
916
7
Creditors: amounts falling due within one year
2025
2024
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
Loans from directors
8,708
90,742
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
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
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
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Lynne Rackham
8,709
-
2
8,707
Paul Seymour
(17,164)
2,988
975
(15,151)
12
Average number of employees
During the year the average number of employees was 3 (2024: 2).