Computer Recycling Services Ltd SC230352 false 2022-05-01 2023-04-30 2023-04-30 The principal activity of the company is The principal activity of the company during the year was the recycling of electrical waste. Digita Accounts Production Advanced 6.30.9574.0 true SC230352 2022-05-01 2023-04-30 SC230352 2023-04-30 SC230352 core:RetainedEarningsAccumulatedLosses 2023-04-30 SC230352 core:ShareCapital 2023-04-30 SC230352 core:CurrentFinancialInstruments 2023-04-30 SC230352 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 SC230352 core:MotorVehicles 2023-04-30 SC230352 core:OfficeEquipment 2023-04-30 SC230352 bus:SmallEntities 2022-05-01 2023-04-30 SC230352 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 SC230352 bus:FullAccounts 2022-05-01 2023-04-30 SC230352 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 SC230352 bus:RegisteredOffice 2022-05-01 2023-04-30 SC230352 bus:Director1 2022-05-01 2023-04-30 SC230352 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 SC230352 bus:OrdinaryShareClass2 2022-05-01 2023-04-30 SC230352 bus:OrdinaryShareClass3 2022-05-01 2023-04-30 SC230352 bus:OrdinaryShareClass4 2022-05-01 2023-04-30 SC230352 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 SC230352 core:ComputerEquipment 2022-05-01 2023-04-30 SC230352 core:MotorVehicles 2022-05-01 2023-04-30 SC230352 core:OfficeEquipment 2022-05-01 2023-04-30 SC230352 countries:Scotland 2022-05-01 2023-04-30 SC230352 2022-04-30 SC230352 core:MotorVehicles 2022-04-30 SC230352 core:OfficeEquipment 2022-04-30 SC230352 2021-05-01 2022-04-30 SC230352 2022-04-30 SC230352 core:RetainedEarningsAccumulatedLosses 2022-04-30 SC230352 core:ShareCapital 2022-04-30 SC230352 core:CurrentFinancialInstruments 2022-04-30 SC230352 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-30 SC230352 core:MotorVehicles 2022-04-30 SC230352 core:OfficeEquipment 2022-04-30 SC230352 bus:OrdinaryShareClass1 2021-05-01 2022-04-30 SC230352 bus:OrdinaryShareClass2 2021-05-01 2022-04-30 SC230352 bus:OrdinaryShareClass3 2021-05-01 2022-04-30 SC230352 bus:OrdinaryShareClass4 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure

Registration number: SC230352

Computer Recycling Services Ltd

Unaudited Financial Statements

for the Year Ended 30 April 2023

 

Computer Recycling Services Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 5

 

Computer Recycling Services Ltd

(Registration number: SC230352)
Statement of Financial Position as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,687

2,733

Current assets

 

Debtors

5

31,542

19,887

Cash at bank and in hand

 

111,452

147,779

 

142,994

167,666

Creditors: Amounts falling due within one year

6

(61,815)

(89,313)

Net current assets

 

81,179

78,353

Net assets

 

82,866

81,086

Capital and reserves

 

Called up share capital

149

149

Retained earnings

82,717

80,937

Shareholders' funds

 

82,866

81,086

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 20 September 2023 and signed on its behalf by:
 

.........................................
Mr Archibald Winter MacFarlane
Director

 

Computer Recycling Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Unit 4
Smeaton Road
Wester Gourdie Industrial Estate
Dundee
DD2 4UT
Scotland

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

 

Computer Recycling Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Equipment

25% straight line

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 8 (2022 - 8).

 

Computer Recycling Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

4

Tangible assets

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2022

35,280

19,812

55,092

At 30 April 2023

35,280

19,812

55,092

Depreciation

At 1 May 2022

34,328

18,031

52,359

Charge for the year

601

445

1,046

At 30 April 2023

34,929

18,476

53,405

Carrying amount

At 30 April 2023

351

1,336

1,687

At 30 April 2022

952

1,781

2,733

5

Debtors

Current

2023
£

2022
£

Trade debtors

29,783

18,627

Prepayments

1,759

1,260

 

31,542

19,887

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

1,050

945

Taxation and social security

26,463

32,933

Accruals and deferred income

1,912

1,807

Other creditors

32,390

53,628

61,815

89,313

 

Computer Recycling Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

7

Dividends

Final dividends paid

   

2023
£

 

2022
£

Final dividend of £133.93 (2022 - £223.21) per each Ordinary A

 

7,500

 

12,500

Final dividend of £340.91 (2022 - £568.18) per each Ordinary B

 

7,500

 

12,500

Final dividend of £250.00 (2022 - £416.67) per each Ordinary C

 

7,500

 

12,500

Final dividend of £250.00 (2022 - £416.67) per each Ordinary D

 

7,500

 

12,500

   

30,000

 

50,000

Interim dividends paid

   

2023
£

 

2022
£

Interim dividend of £250.00 (2022 - £245.83) per each Ordinary A

 

14,000

 

13,767

Interim dividend of £246.82 (2022 - £348.65) per each Ordinary B

 

5,430

 

7,670

   

19,430

 

21,437