Company registration number 08196743 (England and Wales)
BERKSWELL RECYCLING LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
PAGES FOR FILING WITH REGISTRAR
BERKSWELL RECYCLING LIMITED
COMPANY INFORMATION
Directors
Mr G A N Longmuir
(Appointed 2 October 2023)
Mr P H Thornton
(Appointed 2 October 2023)
Company number
08196743
Registered office
Rosedale Nursery
College Road
Hextable
Swanley
BR8 7LT
Auditor
Sumer Auditco Limited
The Beehive
Beehive Ring Road
London Gatwick Airport
Gatwick
United Kingdom
RH6 0PA
BERKSWELL RECYCLING LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
BERKSWELL RECYCLING LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 SEPTEMBER 2023
30 September 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,416,498
1,445,402
Current assets
Debtors
5
284,141
18,739
Cash at bank and in hand
732
284,141
19,471
Creditors: amounts falling due within one year
6
(153,303)
(50,953)
Net current assets/(liabilities)
130,838
(31,482)
Total assets less current liabilities
1,547,336
1,413,920
Creditors: amounts falling due after more than one year
7
(6,460)
Net assets
1,540,876
1,413,920
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
1,540,776
1,413,820
Total equity
1,540,876
1,413,920
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 8 February 2024 and are signed on its behalf by:
Mr G A N Longmuir
Director
Company registration number 08196743 (England and Wales)
BERKSWELL RECYCLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 2 -
1
Accounting policies
Company information
Berkswell 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.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The directors have formed a judgment that, as at the date of approving the financial statements, there is a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future.
The financial statements have accordingly been prepared on a going concern basis
1.2
Turnover
Turnover represents net invoiced sales of services, excluding value added tax.
1.3
Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when the cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.
Depreciation is charged so as to allocate the cost of the assets less their residual value over their estimated useful lives, on the following bases:
Leasehold improvements
2% per annum
Plant and equipment
Straight line over the life of the lease
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.
2
Exceptional item
During the year, the company has agreed that any loans with fellow group companies that existed to 30 September 2023 shall be formally written off as at that date. This has created a credit in the profit and loss of £33,450 (2022 £1,140,479) .
BERKSWELL RECYCLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 3 -
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
3
4
Tangible fixed assets
Leasehold improvements
Plant and equipment
Total
£
£
£
Cost
At 1 October 2022
1,445,402
1,445,402
Additions
4
4
At 30 September 2023
1,445,402
4
1,445,406
Depreciation and impairment
At 1 October 2022
Depreciation charged in the year
28,908
28,908
At 30 September 2023
28,908
28,908
Carrying amount
At 30 September 2023
1,416,494
4
1,416,498
At 30 September 2022
1,445,402
1,445,402
The leasehold improvements were restated at cost on 30th September 2023
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
267,567
Other debtors
2,846
Prepayments and accrued income
13,728
18,739
284,141
18,739
BERKSWELL RECYCLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 4 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
19,593
Trade creditors
18,388
32,642
Taxation and social security
4,522
Other creditors
115,322
13,789
153,303
50,953
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
6,460
8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
9
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
Senior Statutory Auditor:
Mr Alan Edward Jones FCCA
Statutory Auditor:
Sumer Auditco Limited
Date of audit report:
8 February 2024
10
Post balance sheet events
On 2nd October 2023, the entity sold its shares to Freeland Horticulture Limited, who replaced Jack Moody Holdings Limited as the ultimate controlling party effective as of the date of sale. Subsequently, Mr J Moody and Mr R J Moody resigned as directors and Mr G Longmuir and Mr P Thornton were appointed as directors.
BERKSWELL RECYCLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 5 -
11
Ultimate controlling party
Until the 2nd October 2023, the company's controlling party was Jack Moody Holdings Limited, whose registered office is Hollybush Farm, Warstone Road, Shareshill, Wolverhampton, WV10 7LX.
The directors regarded Laney Green Holdings Limited as the company's ultimate parent undertakings, whose registered office is Meriden House, 6 Great Cornbow, Halesowen, B63 3AB. The consolidated accounts of this company may be obtained from the Registrar of Companies, Companies Registration Office, Crown Way, Maindy, Cardiff, CF14 3UZ.
As of 2nd October 2023 the Ultimate controlling party changed to Freeland Horticulture Limited whose registered office is
Rosedale Nursery College Road Hextable Swanley BR8 7LT.