REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2023 |
FOR |
UTILITY RECYCLING NORTH WEST LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2023 |
FOR |
UTILITY RECYCLING NORTH WEST LIMITED |
UTILITY RECYCLING NORTH WEST LIMITED (REGISTERED NUMBER: 13162985) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31st January 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
UTILITY RECYCLING NORTH WEST LIMITED |
COMPANY INFORMATION |
for the Year Ended 31st January 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
100 Barbirolli Square |
Manchester |
M2 3BD |
UTILITY RECYCLING NORTH WEST LIMITED (REGISTERED NUMBER: 13162985) |
BALANCE SHEET |
31st January 2023 |
2023 | 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges his 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. |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
UTILITY RECYCLING NORTH WEST LIMITED (REGISTERED NUMBER: 13162985) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31st January 2023 |
1. | STATUTORY INFORMATION |
Utility Recycling North West Limited is a private company limited by share capital, incorporated in England and Wales, registration number 13162985.The registered office is Sandford House, Sandfold Lane, Levenshulme, Manchester, M19 3BJ. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going concern |
The company has negative reserves of £255,934 at the reporting date (£2022: £169,131). The company will continue to be supported by the director for the next 12 months. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Turnover principally consists of income from waste refining processes. |
Taxation |
Taxation for the year comprises current tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current 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. |
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. |
Trade and other debtors |
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts. |
Trade and other creditors |
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. |
Cash and cash equivalents |
Cash and cash equivalents comprise cash at bank and in hand. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
UTILITY RECYCLING NORTH WEST LIMITED (REGISTERED NUMBER: 13162985) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31st January 2023 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Amounts owed to participating interests | 481,234 | 232,036 |
Taxation and social security |
Other creditors |
6. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Share capital 1 | £1.00 | 100 | 100 |
7. | RELATED PARTY DISCLOSURES |
At the reporting date, the company owed to the related party company Integral Energy Solutions Ltd £464,934 (2023: £215,736). This balance is unsecured,interest-free and repayable on demand. |
8. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |