24/7 Recovery (IW) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 12170847 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

24/7 Recovery (IW) Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mr D Price

REGISTERED OFFICE:

Unit C5-C7

Spithead Business Centre

Sandown

Isle of Wight

PO36 9PH

REGISTERED NUMBER:

12170847 (England and Wales)

ACCOUNTANTS:

Chandler and Partners Limited

5 Moor Street

Worcester

Worcestershire

WR1 3DB

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 24/7 Recovery (IW) Limited for the year ended 31 July 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of 24/7 Recovery (IW) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 24/7 Recovery (IW) Limited and state those matters that we have agreed to state to the director of 24/7 Recovery (IW) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 24/7 Recovery (IW) Limited and its director for our work or for this report.

It is your duty to ensure that 24/7 Recovery (IW) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of 24/7 Recovery (IW) Limited. You consider that 24/7 Recovery (IW) 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 financial statements of 24/7 Recovery (IW) 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 financial statements.

Chandler and Partners Limited

5 Moor Street

Worcester

Worcestershire

WR1 3DB

Date: .............................................

FIXED ASSETS

Tangible assets

4

100,499

118,254

CURRENT ASSETS

Debtors

5

77,592

70,592

Cash at bank

4

5

77,596

70,597

CREDITORS

Amounts falling due within one year

6

58,955

161,741

NET CURRENT ASSETS/(LIABILITIES)

18,641

(91,144

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

119,140

27,110

CREDITORS

Amounts falling due after more than one
year

7

3,551

13,968

NET ASSETS

115,589

13,142

CAPITAL AND RESERVES

Called up share capital

120

Retained earnings

115,469

13,022

115,589

13,142

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

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

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

The financial statements were approved by the director and authorised for issue on 7 July 2026 and were signed by:

Mr D Price - Director

1.	STATUTORY INFORMATION

24/7 Recovery (IW) Limited 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.

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 as modified by the revaluation of certain assets.

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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1 August 2024

and 31 July 2025

81,372

110,915

394

192,681

DEPRECIATION

At 1 August 2024

31,400

42,799

228

74,427

Charge for year

7,496

10,218

41

17,755

At 31 July 2025

38,896

53,017

269

92,182

NET BOOK VALUE

At 31 July 2025

42,476

57,898

125

100,499

At 31 July 2024

49,972

68,116

166

118,254

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

Other debtors

37,592

Directors' current accounts

40,000

-

Prepayments

-

33,000

77,592

70,592

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

Bank loans and overdrafts

10,418

10,161

Amounts owed to participating interests

47,540

151,580

Tax

997

-

58,955

161,741

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.7.25

31.7.24

£

Bank loans - 1-2 years

3,551

10,417

Bank loans - 2-5 years

-

3,551

13,968