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Company Registration No. 07079676 (England and Wales)
MV RECYCLING (UK) LIMITED Unaudited accounts for the year ended 30 November 2022
MV RECYCLING (UK) LIMITED Unaudited accounts Contents
Page
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MV RECYCLING (UK) LIMITED Company Information for the year ended 30 November 2022
Director
Noormohammed Adam Master
Company Number
07079676 (England and Wales)
Registered Office
TIME TECHNOLOGY PARK BLACKBURN ROAD SIMONSTONE BURNLEY LANCASHIRE BB12 7TW ENGLAND
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MV RECYCLING (UK) LIMITED Statement of financial position as at 30 November 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
530,480 
512,189 
Current assets
Debtors
430,088 
123,333 
Cash at bank and in hand
266,969 
459,433 
697,057 
582,766 
Creditors: amounts falling due within one year
(406,203)
(544,334)
Net current assets
290,854 
38,432 
Total assets less current liabilities
821,334 
550,621 
Creditors: amounts falling due after more than one year
(85,341)
(88,699)
Net assets
735,993 
461,922 
Capital and reserves
Called up share capital
2 
2 
Capital contribution reserve
212,396 
- 
Profit and loss account
523,595 
461,920 
Shareholders' funds
735,993 
461,922 
For the year ending 30 November 2022 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 17 March 2023 and were signed on its behalf by
Noormohammed Adam Master Director Company Registration No. 07079676
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MV RECYCLING (UK) LIMITED Notes to the Accounts for the year ended 30 November 2022
1
Statutory information
MV RECYCLING (UK) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07079676. The registered office is TIME TECHNOLOGY PARK BLACKBURN ROAD, SIMONSTONE, BURNLEY, LANCASHIRE, BB12 7TW, ENGLAND.
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:
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2021
441,328 
40,100 
71,288 
552,716 
Additions
- 
- 
40,579 
40,579 
At 30 November 2022
441,328 
40,100 
111,867 
593,295 
Depreciation
At 1 December 2021
- 
6,015 
34,512 
40,527 
Charge for the year
- 
6,817 
15,471 
22,288 
At 30 November 2022
- 
12,832 
49,983 
62,815 
Net book value
At 30 November 2022
441,328 
27,268 
61,884 
530,480 
At 30 November 2021
441,328 
34,085 
36,776 
512,189 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
45,088 
17,457 
Trade debtors
385,000 
105,876 
430,088 
123,333 
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MV RECYCLING (UK) LIMITED Notes to the Accounts for the year ended 30 November 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
381,627 
362,507 
Taxes and social security
19,962 
18,371 
Other creditors
2,305 
2,097 
Loans from directors
229 
159,231 
Accruals
2,080 
2,128 
406,203 
544,334 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
39,701 
49,113 
Obligations under finance leases and hire purchase contracts
45,640 
39,586 
85,341 
88,699 
8
Average number of employees
During the year the average number of employees was 5 (2021: 5).
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