REGISTERED NUMBER: 08726098 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

WP Recovery Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

W S C Patton

REGISTERED OFFICE:

Belfry House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

REGISTERED NUMBER:

08726098 (England and Wales)

ACCOUNTANTS:

Chaves LLP

Belfry House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

FIXED ASSETS

Tangible assets

4

126,232

75,021

CURRENT ASSETS

Debtors

18,704

27,611

Cash at bank

117,176

28,433

135,880

56,044

CREDITORS

Amounts falling due within one year

148,737

66,399

NET CURRENT LIABILITIES

(12,857

)

(10,355

)

TOTAL ASSETS LESS CURRENT LIABILITIES

113,375

64,666

CREDITORS

Amounts falling due after more than one year

(79,666

)

(48,983

)

PROVISIONS FOR LIABILITIES

6

(31,558

)

(14,254

)

NET ASSETS

2,151

1,429

CAPITAL AND RESERVES

Called up share capital

7

101

101

Retained earnings

2,050

1,328

SHAREHOLDERS' FUNDS

2,151

1,429

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 July 2026 and were signed by:

W S C Patton - Director

1.	STATUTORY INFORMATION

WP Recovery 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2024

169,733

Additions

104,500

Disposals

(46,369

)

At 31 October 2025

227,864

DEPRECIATION

At 1 November 2024

94,712

Charge for year

42,059

Eliminated on disposal

(35,139

)

At 31 October 2025

101,632

NET BOOK VALUE

At 31 October 2025

126,232

At 31 October 2024

75,021

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

Totals

£

COST

At 1 November 2024

124,206

Additions

75,000

Transfer to ownership

(43,706

)

At 31 October 2025

155,500

DEPRECIATION

At 1 November 2024

68,696

Charge for year

30,140

Transfer to ownership

(33,758

)

At 31 October 2025

65,078

NET BOOK VALUE

At 31 October 2025

90,422

At 31 October 2024

55,510

5.

LOANS

An analysis of the maturity of loans is given below:

31.10.25

31.10.24

£

£

Amounts falling due within one year or on demand:

Bank loans

3,942

6,068

31.10.25

31.10.24

£

£

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

4,501

6.	PROVISIONS FOR LIABILITIES

31.10.25

31.10.24

£

£

Deferred tax

Accelerated capital allowances

31,558

14,254

Deferred

tax

£

Balance at 1 November 2024

14,254

Provided during year

17,304

Balance at 31 October 2025

31,558

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

100

Ordinary

£1

100

100

1

A

£1

1

1

101

101