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REGISTERED NUMBER: SC469818 (Scotland)












REKK RECYCLING LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






REKK RECYCLING LTD (REGISTERED NUMBER: SC469818)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Accountants' Report 6

REKK RECYCLING LTD

COMPANY INFORMATION
for the Year Ended 28 February 2023







DIRECTORS: Mr S J Dodds
Mr J Byrne





REGISTERED OFFICE: 21 Hunter Street
East Kilbride
Glasgow
G74 4LZ





REGISTERED NUMBER: SC469818 (Scotland)





ACCOUNTANTS: Craig Cleland, Chartered Accountants
21 Hunter Street
East Kilbride
G74 4LZ

REKK RECYCLING LTD (REGISTERED NUMBER: SC469818)

STATEMENT OF FINANCIAL POSITION
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,733 8,716

CURRENT ASSETS
Debtors 5 286,950 206,559
Cash at bank 524,468 634,631
811,418 841,190
CREDITORS
Amounts falling due within one year 6 305,048 340,118
NET CURRENT ASSETS 506,370 501,072
TOTAL ASSETS LESS CURRENT
LIABILITIES

556,103

509,788


PROVISIONS FOR LIABILITIES 7 10,484 1,656

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 545,519 508,032
SHAREHOLDERS' FUNDS 545,619 508,132
556,103 509,788

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

REKK RECYCLING LTD (REGISTERED NUMBER: SC469818)

STATEMENT OF FINANCIAL POSITION - continued
28 February 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2023 and were signed on its behalf by:





Mr S J Dodds - Director


REKK RECYCLING LTD (REGISTERED NUMBER: SC469818)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Rekk Recycling Ltd is a private company, limited by shares , registered in Scotland. 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 5,950 6,176 - 6,889 19,015
Additions - - 65,359 - 65,359
At 28 February 2023 5,950 6,176 65,359 6,889 84,374
DEPRECIATION
At 1 March 2022 1,652 3,224 - 5,423 10,299
Charge for year 645 447 21,784 1,466 24,342
At 28 February 2023 2,297 3,671 21,784 6,889 34,641
NET BOOK VALUE
At 28 February 2023 3,653 2,505 43,575 - 49,733
At 28 February 2022 4,298 2,952 - 1,466 8,716

REKK RECYCLING LTD (REGISTERED NUMBER: SC469818)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 162,190 201,380
Other debtors 124,760 5,179
286,950 206,559

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 212,109 211,957
Taxation and social security 87,338 122,561
Other creditors 5,601 5,600
305,048 340,118

7. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 10,484 1,656

Deferred
tax
£   
Balance at 1 March 2022 1,656
Charge to Income Statement during year 8,828
Reversed during the year
Balance at 28 February 2023 10,484

8. RESERVES
Retained
earnings
£   

At 1 March 2022 508,032
Profit for the year 351,287
Dividends (313,800 )
At 28 February 2023 545,519

9. ULTIMATE CONTROLLING PARTY

No ultimate controlling party as both directors own an equal shareholding.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
REKK RECYCLING LTD

The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 Rekk Recycling Ltd for the year ended 28 February 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Rekk Recycling Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rekk Recycling Ltd and state those matters that we have agreed to state to the Board of Directors of Rekk Recycling Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rekk Recycling Ltd 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 Rekk Recycling Ltd. You consider that Rekk Recycling Ltd 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 Rekk Recycling Ltd. 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.






Craig Cleland, Chartered Accountants
21 Hunter Street
East Kilbride
G74 4LZ


19 September 2023