IRIS Accounts Production v23.1.5.20 03249021 Board of Directors 1.3.22 28.2.23 28.2.23 28.11.23 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure032490212022-02-28032490212023-02-28032490212022-03-012023-02-28032490212021-02-28032490212021-03-012022-02-28032490212022-02-2803249021ns16:EnglandWales2022-03-012023-02-2803249021ns15:PoundSterling2022-03-012023-02-2803249021ns11:Director12022-03-012023-02-2803249021ns11:PrivateLimitedCompanyLtd2022-03-012023-02-2803249021ns11:SmallEntities2022-03-012023-02-2803249021ns11:Audited2022-03-012023-02-2803249021ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2803249021ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-2803249021ns11:FullAccounts2022-03-012023-02-2803249021ns11:OrdinaryShareClass12022-03-012023-02-2803249021ns11:Director22022-03-012023-02-2803249021ns11:Director32022-03-012023-02-2803249021ns11:Director42022-03-012023-02-2803249021ns11:RegisteredOffice2022-03-012023-02-2803249021ns6:CurrentFinancialInstruments2023-02-2803249021ns6:CurrentFinancialInstruments2022-02-2803249021ns6:ShareCapital2023-02-2803249021ns6:ShareCapital2022-02-2803249021ns6:RetainedEarningsAccumulatedLosses2023-02-2803249021ns6:RetainedEarningsAccumulatedLosses2022-02-2803249021ns6:PlantMachinery2022-03-012023-02-2803249021ns6:MotorVehicles2022-03-012023-02-2803249021ns6:PlantMachinery2022-02-2803249021ns6:MotorVehicles2022-02-2803249021ns6:PlantMachinery2023-02-2803249021ns6:MotorVehicles2023-02-2803249021ns6:PlantMachinery2022-02-2803249021ns6:MotorVehicles2022-02-2803249021ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-2803249021ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-2803249021ns11:OrdinaryShareClass12023-02-28
REGISTERED NUMBER: 03249021 (England and Wales)


















Nottingham Recycling Limited

Financial Statements

for the Year Ended 28 February 2023






Nottingham Recycling Limited (Registered number: 03249021)






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


Nottingham Recycling Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: P D Atkinson
I Gray
J H Greenwood
J Macdonald





REGISTERED OFFICE: c/o Macfarlane Group
Siskin Parkway East
Middlemarch Business Park
Coventry
CV3 4PE





REGISTERED NUMBER: 03249021 (England and Wales)





AUDITORS: Brooks Mayfield Limited
Chartered Accountants
12 Bridgford Road
West Bridgford
Nottinghamshire
NG2 6AB

Nottingham Recycling Limited (Registered number: 03249021)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 447,041 320,775

CURRENT ASSETS
Stocks 852 1,132
Debtors 6 222,870 233,449
Cash at bank and in hand 578,714 556,474
802,436 791,055
CREDITORS
Amounts falling due within one year 7 576,028 585,727
NET CURRENT ASSETS 226,408 205,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

673,449

526,103

PROVISIONS FOR LIABILITIES 84,938 68,954
NET ASSETS 588,511 457,149

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Retained earnings 578,511 447,149
SHAREHOLDERS' FUNDS 588,511 457,149

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 Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:





J H Greenwood - Director


Nottingham Recycling Limited (Registered number: 03249021)

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

1. STATUTORY INFORMATION

Nottingham 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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
Motor vehicles - 25% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Nottingham Recycling Limited (Registered number: 03249021)

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

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2022 680,263 80,250 760,513
Additions 155,172 37,500 192,672
Disposals (19,055 ) - (19,055 )
At 28 February 2023 816,380 117,750 934,130
DEPRECIATION
At 1 March 2022 378,076 61,662 439,738
Charge for year 57,173 5,428 62,601
Eliminated on disposal (15,250 ) - (15,250 )
At 28 February 2023 419,999 67,090 487,089
NET BOOK VALUE
At 28 February 2023 396,381 50,660 447,041
At 28 February 2022 302,187 18,588 320,775

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 217,122 232,589
Other debtors 5,748 860
222,870 233,449

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 123,105 105,784
Taxation and social security 12,141 10,484
Other creditors 440,782 469,459
576,028 585,727

Nottingham Recycling Limited (Registered number: 03249021)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
10,000 Ordinary £1 10,000 10,000

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

William Oates BA FCA (Senior Statutory Auditor)
for and on behalf of Brooks Mayfield Limited

10. CONTINGENT LIABILITIES

During the previous year ended 28th February 2022 a fire took place at the premises, caused by a third party, in which fixed assets were destroyed and costs such as site clearance fees and professional fees were incurred. At the signing of these accounts it still cannot be reasonably or reliably predicted or quantified whether any more costs or whether a financial claim against the third party to recover the costs will be successful.

11. CONTROLLING PARTY

At the 28th February 2023 the parent company of Nottingham Recycling Limited is Macfarlane Group UK Limited, whose registered office is Siskin Parkway East, MIddlemarch Business Park, Coventry, CV3 4PE. The ultimate controlling party is Macfarlane Group PLC whose registered office is 3 Park Gardens, Glasgow, G3 7YE.