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REGISTERED NUMBER: 11634456 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31st March 2023

for

REVOPLAS RECYCLING SOLUTIONS LIMITED

REVOPLAS RECYCLING SOLUTIONS LIMITED (REGISTERED NUMBER: 11634456)

Contents of the Financial Statements
for the Year Ended 31st March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REVOPLAS RECYCLING SOLUTIONS LIMITED

Company Information
for the Year Ended 31st March 2023







DIRECTORS: Mrs C Connors
Mr M Connors
Mr D Cooke
Mrs F K Cooke





REGISTERED OFFICE: Hoo Hole Mill
Cragg Road
Mytholmroyd
Hebden Bridge
West Yorkshire
HX7 5JT





REGISTERED NUMBER: 11634456 (England and Wales)





ACCOUNTANTS: Riley & Co Limited
52 St Johns Lane
Halifax
West Yorkshire
HX1 2BW

REVOPLAS RECYCLING SOLUTIONS LIMITED (REGISTERED NUMBER: 11634456)

Balance Sheet
31st March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,298,119 327,847

CURRENT ASSETS
Stocks 271,252 194,820
Debtors 5 1,599,645 1,197,408
Cash at bank and in hand 330,289 52,083
2,201,186 1,444,311
CREDITORS
Amounts falling due within one year 6 1,097,415 843,541
NET CURRENT ASSETS 1,103,771 600,770
TOTAL ASSETS LESS CURRENT LIABILITIES 2,401,890 928,617

CREDITORS
Amounts falling due after more than one
year

7

(300,903

)

(39,959

)

PROVISIONS FOR LIABILITIES (324,387 ) (56,563 )
NET ASSETS 1,776,600 832,095

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,776,598 832,093
1,776,600 832,095

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

REVOPLAS RECYCLING SOLUTIONS LIMITED (REGISTERED NUMBER: 11634456)

Balance Sheet - continued
31st March 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 20th October 2023 and were signed on its behalf by:





Mrs C Connors - Director


REVOPLAS RECYCLING SOLUTIONS LIMITED (REGISTERED NUMBER: 11634456)

Notes to the Financial Statements
for the Year Ended 31st March 2023


1. STATUTORY INFORMATION

Revoplas Recycling Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.
Plant and machinery etc - 25% on reducing balance and Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

REVOPLAS RECYCLING SOLUTIONS LIMITED (REGISTERED NUMBER: 11634456)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023


2. ACCOUNTING POLICIES - continued

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 11 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022 374,418
Additions 1,128,531
Disposals (61,020 )
At 31st March 2023 1,441,929
DEPRECIATION
At 1st April 2022 46,571
Charge for year 99,971
Eliminated on disposal (2,732 )
At 31st March 2023 143,810
NET BOOK VALUE
At 31st March 2023 1,298,119
At 31st March 2022 327,847

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 546,256 962,911
Other debtors 1,053,389 234,497
1,599,645 1,197,408

REVOPLAS RECYCLING SOLUTIONS LIMITED (REGISTERED NUMBER: 11634456)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 10,664 9,662
Hire purchase contracts 69,375 -
Trade creditors 804,674 668,634
Taxation and social security 12,199 128,104
Other creditors 200,503 37,141
1,097,415 843,541

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans 28,525 39,959
Hire purchase contracts 272,378 -
300,903 39,959

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2023 and 31st March 2022:

31/3/23 31/3/22
£    £   
Mrs C Connors
Balance outstanding at start of year 128,117 13,326
Amounts advanced 48,070 131,521
Amounts repaid (162,774 ) (16,730 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,413 128,117

Mrs F K Cooke
Balance outstanding at start of year - -
Amounts advanced 9,271 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,271 -