T I Recovery Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14958861

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		518,024		242,583

			518,024		242,583
CURRENT ASSETS
Stocks	5	1,000		61
Debtors	6	94,828		70,290
Cash at bank and in hand		3,354		4,154

		99,182		74,505
Creditors: Amounts Falling Due Within One Year	7	(137,422 )		(264,996 )

NET CURRENT ASSETS (LIABILITIES)			(38,240 )		(190,491 )

TOTAL ASSETS LESS CURRENT LIABILITIES			479,784		52,092

Creditors: Amounts Falling Due After More Than One Year	8		(474,755 )		(68,961 )

NET ASSETS/(LIABILITIES)			5,029		(16,869 )

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			5,027		(16,871 )

SHAREHOLDERS' FUNDS			5,029		(16,869)

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T I Recovery Ltd

Balance Sheet (continued)

As At 30 June 2025

For the year ending 30 June 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Matthew Bowden-Scott

Director

14 July 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

T I Recovery Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14958861 . The registered office is 1b Blackfriars House, Parsonage, Manchester, Greater Manchester, M3 2JA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10% reducing balance
Motor Vehicles	10% reducing balance
Computer Equipment	33% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 1)

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T I Recovery Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 July 2024	11,022	239,793	194	251,009
Additions	29,037	273,402	349	302,788

As at 30 June 2025	40,059	513,195	543	553,797

Depreciation
As at 1 July 2024	2,189	6,208	29	8,426
Provided during the period	3,787	23,560	-	27,347

As at 30 June 2025	5,976	29,768	29	35,773

Net Book Value
As at 30 June 2025	34,083	483,427	514	518,024

As at 1 July 2024	8,833	233,585	165	242,583

5. Stocks

	2025	2024
	£	£
Stock	1,000	61

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	93,148	25,265
Amounts owed by group undertakings	-	32,579
Other debtors	1,680	12,446

	94,828	70,290

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	61,297	67,567
Trade creditors	41,875	11,707
Bank loans and overdrafts	9,847	-
Other creditors	19,259	185,722
Taxation and social security	5,144	-

	137,422	264,996

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T I Recovery Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	280,945	68,961
Other creditors	193,810	-

	474,755	68,961

The other creditor of £193,810 represents the investment into the company by the director, Matthew Bowden-Scott.

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	69,599	67,567
Later than one year and not later than five years	295,191	68,961

	364,790	136,528
Less: Finance charges allocated to future periods	22,548	-

	342,242	136,528

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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