Recursive Technologies Ltd - Accounts to registrar (filleted) - small 17.3

Recursive Technologies Ltd - Accounts to registrar (filleted) - small 17.3

RECURSIVE TECHNOLOGIES LTD - Company Information

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REGISTERED NUMBER: 07306397 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017

FOR

RECURSIVE TECHNOLOGIES LTD
RECURSIVE TECHNOLOGIES LTD (REGISTERED NUMBER: 07306397)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017










Page

Balance Sheet 1

Notes to the Financial Statements 3


RECURSIVE TECHNOLOGIES LTD (REGISTERED NUMBER: 07306397)

BALANCE SHEET
30 JUNE 2017

30.6.17 30.6.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,580 5,747

CURRENT ASSETS
Debtors 5 18,782 15,966
Cash at bank 19,402 11,648
38,184 27,614
CREDITORS
Amounts falling due within one year 6 29,317 22,047
NET CURRENT ASSETS 8,867 5,567
TOTAL ASSETS LESS CURRENT
LIABILITIES
13,447
11,314

PROVISIONS FOR LIABILITIES 1,000 -
NET ASSETS 12,447 11,314

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 12,347 11,214
12,447 11,314

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

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RECURSIVE TECHNOLOGIES LTD (REGISTERED NUMBER: 07306397)

BALANCE SHEET - continued
30 JUNE 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 24 February 2018 and were signed on its behalf
by:




Mrs R C Murray - Director



M J Murray - Director


The notes form part of these financial statements

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RECURSIVE TECHNOLOGIES LTD (REGISTERED NUMBER: 07306397)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017


1. STATUTORY INFORMATION

Recursive Technologies Ltd is a private company, limited by shares, registered in England and Wales, registered
number 07306397. Its registered office is Blackthorns House, 80-82 Dudley Road, Lye, Stourbridge, West
Midlands, DY9 8ET.

The financial statements are presented in Sterling, which is the functional currency of the company.

2. ACCOUNTING POLICIES

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

These financial statements for the year ended 30 June 2017 are the first financial statements of the company
prepared under FRS102 Section 1A. The date of transition is 1 July 2015.

The transition to FRS102 has had no impact on opening equity or the profit for the comparative period ended 30
June 2016 or the financial position at 1 July 2015 and 30 June 2016.

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.
Plant and machinery - 20% on reducing balance
Computer equipment - 33% on cost

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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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RECURSIVE TECHNOLOGIES LTD (REGISTERED NUMBER: 07306397)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2017


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2016 5,747
Additions 700
At 30 June 2017 6,447
DEPRECIATION
Charge for year 1,867
At 30 June 2017 1,867
NET BOOK VALUE
At 30 June 2017 4,580
At 30 June 2016 5,747

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.17 30.6.16
£    £   
Trade debtors 18,782 8,530
Other debtors - 7,436
18,782 15,966

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.17 30.6.16
£    £   
Taxation and social security 24,537 21,096
Other creditors 4,780 951
29,317 22,047

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £55,000 were paid to the directors .

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