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REGISTERED NUMBER: 08474908 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Astra Recycling Limited

Astra Recycling Limited (Registered number: 08474908)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Astra Recycling Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: D Kukuruza



SECRETARY:



REGISTERED OFFICE: 34 Bosham Road
Portsmouth
Hampshire
PO2 7LQ



REGISTERED NUMBER: 08474908 (England and Wales)



ACCOUNTANTS: Curtis-Williams
Unit 5 Links House
Dundas Lane
Portsmouth
Hampshire
PO3 5BL



BANKERS: Lloyds Bank plc
2-4 Palmerston Road
Southsea
PO5 3QH

Astra Recycling Limited (Registered number: 08474908)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 702,874 580,455

CURRENT ASSETS
Stocks 4,000 2,000
Debtors 5 17,802 3,210
Cash at bank 174,136 33,766
195,938 38,976
CREDITORS
Amounts falling due within one year 6 138,116 120,964
NET CURRENT ASSETS/(LIABILITIES) 57,822 (81,988 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

760,696

498,467

CREDITORS
Amounts falling due after more than one
year

7

(370,980

)

(298,179

)

PROVISIONS FOR LIABILITIES 9 (30,984 ) -
NET ASSETS 358,732 200,288

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 357,732 199,288
SHAREHOLDERS' FUNDS 358,732 200,288

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

Astra Recycling Limited (Registered number: 08474908)

Statement of Financial Position - continued
31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 July 2023 and were signed by:





D Kukuruza - Director


Astra Recycling Limited (Registered number: 08474908)

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

1. STATUTORY INFORMATION

Astra Recycling 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - not provided
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

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.

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 ) .

Astra Recycling Limited (Registered number: 08474908)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2022 439,040 176,171 3,300
Additions - 83,903 -
Disposals - - -
At 31 March 2023 439,040 260,074 3,300
DEPRECIATION
At 1 April 2022 - 56,165 758
Charge for year - 30,586 449
Eliminated on disposal - - -
At 31 March 2023 - 86,751 1,207
NET BOOK VALUE
At 31 March 2023 439,040 173,323 2,093
At 31 March 2022 439,040 120,006 2,542

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 35,490 3,057 657,058
Additions 129,608 - 213,511
Disposals (37,000 ) - (37,000 )
At 31 March 2023 128,098 3,057 833,569
DEPRECIATION
At 1 April 2022 17,326 2,354 76,603
Charge for year 29,317 234 60,586
Eliminated on disposal (6,494 ) - (6,494 )
At 31 March 2023 40,149 2,588 130,695
NET BOOK VALUE
At 31 March 2023 87,949 469 702,874
At 31 March 2022 18,164 703 580,455

Astra Recycling Limited (Registered number: 08474908)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 8,750 15,995 24,745
Additions 15,613 129,608 145,221
Disposals - (27,500 ) (27,500 )
Transfer to ownership (8,750 ) - (8,750 )
At 31 March 2023 15,613 118,103 133,716
DEPRECIATION
At 1 April 2022 3,376 3,999 7,375
Charge for year 2,342 28,526 30,868
Transfer to ownership (3,376 ) - (3,376 )
At 31 March 2023 2,342 32,525 34,867
NET BOOK VALUE
At 31 March 2023 13,271 85,578 98,849
At 31 March 2022 5,374 11,996 17,370

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 17,802 3,210

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 43,268 10,800
Hire purchase contracts 44,348 7,236
Trade creditors 832 -
Taxation and social security 28,347 43,585
Other creditors 21,321 59,343
138,116 120,964

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 294,805 290,073
Hire purchase contracts 76,175 8,106
370,980 298,179

Astra Recycling Limited (Registered number: 08474908)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 273,938 259,206

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 338,073 300,873

The Bank Loans are secured by a Fixed and Floating charge over the assets of the Company.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 30,984 -

Deferred
tax
£   
Provided during year 30,984
Balance at 31 March 2023 30,984

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
D Kukuruza
Balance outstanding at start of year (41,772 ) (21,080 )
Amounts advanced (50,000 ) (132,000 )
Amounts repaid 89,024 111,308
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,748 ) (41,772 )

11. ULTIMATE CONTROLLING PARTY

The controlling party is D Kukuruza.