Company Registration No. 12739632 (England and Wales)
RECOVERLUTION LTD
Unaudited accounts
for the year ended 31 July 2025
RECOVERLUTION LTD
Unaudited accounts
for the year ended 31 July 2025
RECOVERLUTION LTD
Statement of Financial Position
as at 31 July 2025
Intangible assets
123,458
162,000
Tangible fixed assets
1,834
2,445
Cash at bank and in hand
30
693
Creditors: amounts falling due within one year
(718,379)
(731,242)
Net current assets/(liabilities)
(715,612)
(709,254)
Total assets less current liabilities
(590,320)
(544,809)
Net assets/liabilities
(590,320)
(544,809)
Called up share capital
2
2
Share premium account
697,997
697,997
Profit and loss account
(1,288,319)
(1,242,808)
Shareholders' funds
(590,320)
(544,809)
For the period 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 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 accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
RECOVERLUTION LTD
Statement of Financial Position
as at 31 July 2025
The financial statements were approved by the board of directors on 20 October 2026
and signed on behalf of the board by:
.......................
Daniel Fincham
Director
Company Registration Number 12739632
The company is a private company limited by shares, which is incorporated in England and Wales (no 12739632). The address of the registered office is Woodlea Bates Lane Helsby Frodsham WA6 9LH.
RECOVERLUTION LTD
Notes to the financial statements
for the year ended 31 July 2025
RECOVERLUTION LTD is a private company limited by shares, registered in England and Wales, registration number 12739632.
The registered office is Woodlea Bates Lane, Helsby, Frodsham, WA6 9LH.
2 Compliance with Accounting Standards
The financial statements have been prepared in accordance with the Financial Reporting Standard 102 Section 1A Small Entities. There were no significant departures from that standard.
The financial statements have been prepared in accordance with FRS 102, including Section 1A for small entities, and the Companies Act 2006, under the historical cost convention. Comparative restatements and the cumulative opening adjustment are explained in the prior period adjustment note.
The financial statements are presented in pounds sterling, which is the company’s functional currency.
Revenue is recognised as services are supplied and is measured at the consideration receivable, excluding value added tax, discounts and rebates.
Property, plant and equipment
Computer equipment is carried at cost less accumulated depreciation and impairment. Depreciation is charged at 25% on the reducing carrying value, with additions depreciated from the date they are available for use.
The website platform is carried at cost less accumulated amortisation and impairment. Amortisation is charged at 25% on the reducing carrying value. Additions are amortised from the date they are available for use.
Current tax is recognised using tax rates and laws enacted or substantively enacted by the reporting date. Deferred tax is recognised for timing differences using the rates expected to apply when they reverse. Deferred tax assets on losses are recognised only to the extent that recovery against future taxable profits is probable. Tax is recognised in the income statement unless it relates to an item recognised directly in equity.
Foreign-currency transactions are translated into sterling at the transaction exchange rate. Exchange differences on settlement are recognised in the income statement.
RECOVERLUTION LTD
Notes to the financial statements
for the year ended 31 July 2025
3 Accounting Policies (continued)
At 31 July 2025, liabilities exceeded assets by £590,319.66 and the company incurred a loss of £57,464.24. The company depends on continuing financial support from its director and other lenders. The director has confirmed continuing support and that repayments depend on available company funds. The financial statements have been prepared on the going concern basis. These conditions indicate a material uncertainty that may cast significant doubt on the company’s ability to continue as a going concern.
Basic receivables, payables and loans are initially recognised at transaction price and subsequently at amortised cost where applicable. Amounts due within one year are presented as current. Balances are assessed for impairment where there is evidence of non-recovery.
| |
£ |
£ |
| Corporation tax |
-
|
(20,000)
|
| Deferred tax |
-
|
(570)
|
|
|
|
| Tax on profit |
-
|
(20,570)
|
|
|
|
Corporation Tax: provisional computation (CT600 box 55)
The current-period tax-adjusted trading loss is £56,852.94 and Corporation Tax payable is nil. The company has not recovered its previous detailed tax computation, tax-loss schedules or capital-allowance pools from the records available. No brought-forward trading losses or capital allowances are claimed in this return. The loss carried forward in the computation is the current-period loss only; historical entitlements remain unverified.
Website-platform amortisation of £40,541.67 is provisionally treated as a deductible trading intangible debit. This remains subject to checking the asset's earlier tax relief and any previous deduction for capitalised development costs. Excluding this entire amortisation deduction would leave a current-period tax loss of £16,311.27 and no Corporation Tax payable on the other figures presently available.
These figures represent the company's current best assessment from the available accounting records. The historical schedules and website tax treatment will be reconciled and any required return amendment made as soon as the earlier tax records become available. A firm completion date cannot yet be given because the availability of those records has not been established.
RECOVERLUTION LTD
Notes to the financial statements
for the year ended 31 July 2025
5 Intangible fixed assets
| |
Other |
Total |
| |
£ |
£ |
|
Cost
|
|
|
| At 31 July 2024 |
180,000
|
180,000
|
| Additions |
2,000
|
2,000
|
| Disposals |
-
|
-
|
| Revaluations |
-
|
-
|
|
|
|
| At 31 July 2025 |
182,000
|
182,000
|
|
|
|
|
Amortisation
|
|
|
| At 31 July 2024 |
18,000
|
18,000
|
| On disposals |
-
|
-
|
| Charge for the year |
40,542
|
40,542
|
| Other movements (impairment / revaluation) |
-
|
-
|
|
|
|
| At 31 July 2025 |
58,542
|
58,542
|
|
|
|
|
|
|
|
Net book value
|
|
|
| At 31 July 2025 |
123,458
|
123,458
|
|
|
|
| At 31 July 2024 |
162,000
|
162,000
|
|
|
|
| |
Computer |
Total |
| |
equipment |
|
| |
£ |
£ |
|
Cost
|
|
|
| At 31 July 2024 |
6,347
|
6,347
|
| Additions |
-
|
-
|
| Disposals |
-
|
-
|
| Revaluations |
-
|
-
|
|
|
|
| At 31 July 2025 |
6,347
|
6,347
|
|
|
|
|
Depreciation
|
|
|
| At 31 July 2024 |
3,902
|
3,902
|
| On disposals |
-
|
-
|
| Charge for the year |
611
|
611
|
| Other movements (impairment / revaluation) |
-
|
-
|
|
|
|
| At 31 July 2025 |
4,513
|
4,513
|
|
|
|
|
|
|
|
Net book value
|
|
|
| At 31 July 2025 |
1,834
|
1,834
|
|
|
|
| At 31 July 2024 |
2,445
|
2,445
|
|
|
|
RECOVERLUTION LTD
Notes to the financial statements
for the year ended 31 July 2025
| |
£ |
£ |
| Trade debtors |
-
|
1,000
|
| Accrued income and prepayments |
1,542
|
-
|
| Other debtors |
1,195
|
20,295
|
|
|
|
|
2,737
|
21,295
|
|
|
|
8 Creditors: amounts falling due within one year
| |
£ |
£ |
| Directors loan accounts |
30,938
|
30,540
|
| Accruals |
-
|
2,000
|
| Trade creditors |
360
|
24,934
|
| Other creditors |
510
|
513
|
| Other Loans |
684,736
|
674,096
|
| VAT |
1,835
|
840
|
|
|
|
|
718,379
|
731,242
|
|
|
|
9 Transactions with related parties
The amount owed to the director at 31 July 2025 was £30,937.55 (2024: £30,539.93). Repayment of director funding depends on available company funds.
10 Average number of employees
The average number of persons employed, including directors, during the year was 1 (2024: 1).
11 Prior period adjustment
Certified historical bank and clearing corrections reduce comparative cash by £2,337.92, reduce a loan creditor by £200.00 and increase a clearing liability by £3.07. Opening comparative retained earnings decrease by £2,140.99. A pre-August 2024 supplier cancellation is corrected at 1 August 2024: trade creditors decrease by £14,345.45, VAT payable increases by £2,390.91 and retained earnings increase by £11,954.54. The records do not support reliable allocation of the cancellation to an earlier year. Comparative presentation has been aligned: website platform balances are intangible assets, corporation tax recoverable is within debtors and debit card balances are within other debtors. These presentation changes do not affect comparative profit or net assets.