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REGISTERED NUMBER: 11184107 (England and Wales)














Unaudited Financial Statements for the Year Ended 28 February 2023

for

W R Recycling Limited

W R Recycling Limited (Registered number: 11184107)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


W R Recycling Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: M R Jones





REGISTERED OFFICE: Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW





REGISTERED NUMBER: 11184107 (England and Wales)





ACCOUNTANTS: Douglas Fairless Partnership
Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW

W R Recycling Limited (Registered number: 11184107)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,991 12,993

CURRENT ASSETS
Debtors 5 11,311 14,390
Cash at bank 972 585
12,283 14,975
CREDITORS
Amounts falling due within one year 6 4,078 4,427
NET CURRENT ASSETS 8,205 10,548
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,196

23,541

CREDITORS
Amounts falling due after more than one
year

7

(18,341

)

(20,788

)

PROVISIONS FOR LIABILITIES (2,088 ) (2,469 )
NET (LIABILITIES)/ASSETS (1,233 ) 284

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,234 ) 283
SHAREHOLDERS' FUNDS (1,233 ) 284

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 director and authorised for issue on 22 November 2023 and were signed by:





M R Jones - Director


W R Recycling Limited (Registered number: 11184107)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

W R 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.
Plant and machinery - 15% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 23,892 1,464 25,356
DEPRECIATION
At 1 March 2022 11,420 943 12,363
Charge for year 1,871 131 2,002
At 28 February 2023 13,291 1,074 14,365
NET BOOK VALUE
At 28 February 2023 10,601 390 10,991
At 28 February 2022 12,472 521 12,993

W R Recycling Limited (Registered number: 11184107)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Directors' current accounts 11,311 13,868
Corporation tax - 522
11,311 14,390

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 2,500 2,500
Trade creditors - 199
Corporation taxation 77 178
Social security and other taxes 3 2
Accrued expenses 1,498 1,548
4,078 4,427

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans - 1-2 years 5,000 5,000
Bank loans - 2-5 years 4,955 4,955
Bank loans more 5 yr by instal 8,386 10,833
18,341 20,788

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,386 10,833

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
M R Jones
Balance outstanding at start of year 13,868 13,117
Amounts advanced 24,398 24,463
Amounts repaid (25,985 ) (23,712 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,281 13,868

The loans were unsecured, repayable on demand and 2.5% interest was charged on the average balance of the loan.