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Company Registration No. 12069562 (England and Wales)
H&B RECYCLING LTD Unaudited accounts for the year ended 31 May 2023
H&B RECYCLING LTD Unaudited accounts Contents
Page
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H&B RECYCLING LTD Company Information for the year ended 31 May 2023
Director
Mr Hassan Bashir
Company Number
12069562 (England and Wales)
Registered Office
Former Ukranian Church Lemon Street Halifax West Yorkshire HX1 4LJ
Accountants
Sultan Accountants Ltd 298 Gibbet Street Halifax West Yorkshire HX1 4JX
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H&B RECYCLING LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,560 
275 
Current assets
Inventories
101,430 
97,210 
Cash at bank and in hand
1,875 
(1,496)
103,305 
95,714 
Creditors: amounts falling due within one year
(24,079)
(33,091)
Net current assets
79,226 
62,623 
Total assets less current liabilities
80,786 
62,898 
Creditors: amounts falling due after more than one year
(25,000)
(25,000)
Net assets
55,786 
37,898 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
55,686 
37,798 
Shareholders' funds
55,786 
37,898 
For the year ending 31 May 2023 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 October 2023 and were signed on its behalf by
Mr Hassan Bashir Director Company Registration No. 12069562
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H&B RECYCLING LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
H&B RECYCLING LTD is a private company, limited by shares, registered in England and Wales, registration number 12069562. The registered office is Former Ukranian Church, Lemon Street, Halifax, West Yorkshire, HX1 4LJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15%
Computer equipment
15%
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
- 
500 
500 
Additions
600 
1,000 
1,600 
At 31 May 2023
600 
1,500 
2,100 
Depreciation
At 1 June 2022
- 
225 
225 
Charge for the year
90 
225 
315 
At 31 May 2023
90 
450 
540 
Net book value
At 31 May 2023
510 
1,050 
1,560 
At 31 May 2022
- 
275 
275 
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H&B RECYCLING LTD Notes to the Accounts for the year ended 31 May 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
5,545 
4,818 
Trade creditors
9,256 
19,417 
Taxes and social security
8,528 
8,106 
Other creditors
750 
750 
24,079 
33,091 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
25,000 
25,000 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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