Company Registration No. 11138161 (England and Wales)
Platform 8 Recycling Ltd
Unaudited accounts
for the year ended 31 January 2023
Platform 8 Recycling Ltd
Unaudited accounts
Contents
Platform 8 Recycling Ltd
Company Information
for the year ended 31 January 2023
Director
Shui Ling Sheila Tong
Company Number
11138161 (England and Wales)
Registered Office
Victoria Terrace
Bristol
BS2 0TD
UK
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Platform 8 Recycling Ltd
for the year ended 31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Platform 8 Recycling Ltd for the year ended
31 January 2023 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Platform 8 Recycling Ltd, as a body, in accordance with the terms of our engagement letter dated 1 October 2019. Our work has been undertaken solely to prepare for your approval the accounts of Platform 8 Recycling Ltd and state those matters that we have agreed to state to the Board of Directors of Platform 8 Recycling Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Platform 8 Recycling Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Platform 8 Recycling Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Platform 8 Recycling Ltd. You consider that Platform 8 Recycling Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Platform 8 Recycling Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Chartered Certified Accountants
10 September 2023
Platform 8 Recycling Ltd
Statement of financial position
as at 31 January 2023
Tangible assets
26,368
51,868
Cash at bank and in hand
8,652
7,077
Creditors: amounts falling due within one year
448
(56,361)
Net current assets/(liabilities)
69,152
(28,391)
Total assets less current liabilities
95,520
23,477
Creditors: amounts falling due after more than one year
(63,531)
(14,284)
Called up share capital
1
1
Profit and loss account
31,988
9,192
Shareholders' funds
31,989
9,193
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 September 2023 and were signed on its behalf by
Shui Ling Sheila Tong
Director
Company Registration No. 11138161
Platform 8 Recycling Ltd
Notes to the Accounts
for the year ended 31 January 2023
Platform 8 Recycling Ltd is a private company, limited by shares, registered in England and Wales, registration number 11138161. The registered office is Victoria Terrace , Bristol, BS2 0TD, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Over 5 years
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2022
102,236
632
102,868
At 31 January 2023
102,236
632
102,868
At 1 February 2022
51,000
-
51,000
Charge for the year
25,500
-
25,500
At 31 January 2023
76,500
-
76,500
At 31 January 2023
25,736
632
26,368
At 31 January 2022
51,236
632
51,868
Amounts falling due within one year
Platform 8 Recycling Ltd
Notes to the Accounts
for the year ended 31 January 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
39,560
37,960
Taxes and social security
8,954
18,401
Loans from directors
(65,570)
-
7
Creditors: amounts falling due after more than one year
2023
2022
Taxes and social security
38,438
(20,747)
8
Average number of employees
During the year the average number of employees was 15 (2022: 10).