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COMPANY REGISTRATION NUMBER: 05378043
WERN TARW RECYCLING LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
28 February 2023
WERN TARW RECYCLING LIMITED
FINANCIAL STATEMENTS
Year ended 28 February 2023
CONTENTS
PAGE
Balance sheet
1
Notes to the financial statements
2
WERN TARW RECYCLING LIMITED
BALANCE SHEET
28 February 2023
2023
2022
Note
£
£
CURRENT ASSETS
Debtors
4
3,181
7,748
Cash at bank and in hand
1,297
1,935
-------
-------
4,478
9,683
CREDITORS: amounts falling due within one year
5
( 1,375)
( 3,150)
-------
-------
NET CURRENT ASSETS
3,103
6,533
-------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
3,103
6,533
-------
-------
NET ASSETS
3,103
6,533
-------
-------
CAPITAL AND RESERVES
Called up share capital
2
2
Profit and loss account
3,101
6,531
-------
-------
SHAREHOLDERS FUNDS
3,103
6,533
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 20 November 2023 , and are signed on behalf of the board by:
Mr L J Shillibier
Director
Company registration number: 05378043
WERN TARW RECYCLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
Year ended 28 February 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Hendir Uchaf Farm, Rhiwceiliog Pencoed, Bridgend, CF35 6NS. The address of the principal place of business is 43 Village Farm Industrial Estate, Pyle, Mid Glamorgan, CF33 6NU.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. DEBTORS
2023
2022
£
£
Other debtors
3,181
7,748
-------
-------
5. CREDITORS: amounts falling due within one year
2023
2022
£
£
Other creditors
1,375
3,150
-------
-------
6. RELATED PARTY TRANSACTIONS
The company has taken the advantage of the exemption, under FRS 102 Section 1A, not to disclose related party transactions entered into between two members of a group, where any subsidiary which is party to the transaction is wholly owned by such a member.
7. CONTROLLING PARTY
The company is a wholly owned subsidiary of SHL 1 Limited, who it regards as its ultimate parent undertaking. Their registered office is Hendir Uchaf Farm, Rhiwceiliog Pencoed, Bridgend, CF35 6NS and principal place of business is 43 Village Farm Industrial Estate, Pyle, Mid Glamorgan, CF33 6NU.