IRIS Accounts Production v23.3.0.418 07917282 Board of Directors 1.2.22 31.1.23 31.1.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh079172822022-01-31079172822023-01-31079172822022-02-012023-01-31079172822021-01-31079172822021-02-012022-01-31079172822022-01-3107917282ns10:Originalns15:EnglandWales2022-02-012023-01-3107917282ns14:PoundSterlingns10:Original2022-02-012023-01-3107917282ns10:Originalns10:Director12022-02-012023-01-3107917282ns10:Original2022-02-012023-01-3107917282ns10:Original2023-01-3107917282ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-01-3107917282ns10:Originalns10:SmallEntities2022-02-012023-01-3107917282ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-012023-01-3107917282ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3107917282ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-01-3107917282ns10:Originalns10:FullAccounts2022-02-012023-01-3107917282ns10:Originalns10:Director22022-02-012023-01-3107917282ns10:CompanySecretary1ns10:Original2022-02-012023-01-3107917282ns10:Originalns10:RegisteredOffice2022-02-012023-01-3107917282ns10:Original2022-01-3107917282ns10:Originalns5:CurrentFinancialInstruments2023-01-3107917282ns10:Originalns5:CurrentFinancialInstruments2022-01-3107917282ns10:Originalns5:Non-currentFinancialInstruments2023-01-3107917282ns10:Originalns5:Non-currentFinancialInstruments2022-01-3107917282ns5:ShareCapitalns10:Original2023-01-3107917282ns5:ShareCapitalns10:Original2022-01-3107917282ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-3107917282ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-3107917282ns10:Original2021-02-012022-01-3107917282ns10:Originalns5:PlantMachinery2022-01-3107917282ns10:Originalns5:PlantMachinery2022-02-012023-01-3107917282ns10:Originalns5:PlantMachinery2023-01-3107917282ns10:Originalns5:PlantMachinery2022-01-3107917282ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-01-3107917282ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-02-012023-01-3107917282ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-3107917282ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-01-3107917282ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3107917282ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-01-3107917282ns10:Originalns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-01-3107917282ns10:Originalns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-01-3107917282ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-01-3107917282ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-01-31
REGISTERED NUMBER: 07917282 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Anglo Recycling Company Limited

Anglo Recycling Company Limited (Registered number: 07917282)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Anglo Recycling Company Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: R S Pretorius
A A J Al-Ghabban





SECRETARY: A A J Al-Ghabban





REGISTERED OFFICE: Unit 114
Image Court
328 Molesey Road
Hersham
Surrey
KT12 3PD





REGISTERED NUMBER: 07917282 (England and Wales)





ACCOUNTANTS: M R Bhautoo & Co
1 Pembury Close
Coulsdon
Surrey
CR5 2QX

Anglo Recycling Company Limited (Registered number: 07917282)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 375,475 264,555

CURRENT ASSETS
Stocks 27,456 14,502
Debtors 5 153,792 267,055
Cash at bank and in hand 650,486 590,502
831,734 872,059
CREDITORS
Amounts falling due within one year 6 305,756 309,035
NET CURRENT ASSETS 525,978 563,024
TOTAL ASSETS LESS CURRENT
LIABILITIES

901,453

827,579

CREDITORS
Amounts falling due after more than
one year

7

257,468

280,674
NET ASSETS 643,985 546,905

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 643,983 546,903
SHAREHOLDERS' FUNDS 643,985 546,905

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

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

Anglo Recycling Company Limited (Registered number: 07917282)

Balance Sheet - continued
31 January 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 13 November 2023 and were signed on its behalf by:





R S Pretorius - Director


Anglo Recycling Company Limited (Registered number: 07917282)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Anglo Recycling Company 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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

Anglo Recycling Company Limited (Registered number: 07917282)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 66 (2022 - 58 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 819,010
Additions 294,929
Disposals (35,645 )
At 31 January 2023 1,078,294
DEPRECIATION
At 1 February 2022 554,455
Charge for year 164,195
Eliminated on disposal (15,831 )
At 31 January 2023 702,819
NET BOOK VALUE
At 31 January 2023 375,475
At 31 January 2022 264,555

Anglo Recycling Company Limited (Registered number: 07917282)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2022 443,023
Additions 137,812
At 31 January 2023 580,835
DEPRECIATION
At 1 February 2022 346,760
Charge for year 82,050
At 31 January 2023 428,810
NET BOOK VALUE
At 31 January 2023 152,025
At 31 January 2022 96,263

5. DEBTORS
31.1.23 31.1.22
£    £   
Amounts falling due within one year:
Trade debtors 98,585 206,854
Other debtors 25,192 30,186
123,777 237,040

Amounts falling due after more than one year:
Other debtors 30,015 30,015

Aggregate amounts 153,792 267,055

Anglo Recycling Company Limited (Registered number: 07917282)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 46,000 48,190
Hire purchase contracts and finance leases 98,799 70,980
Trade creditors 58,941 70,500
Taxation and social security 84,665 101,871
Other creditors 17,351 17,494
305,756 309,035

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans 103,500 149,500
Hire purchase contracts and finance leases 106,468 83,674
Other creditors 47,500 47,500
257,468 280,674

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans: J L G 47,500 47,500