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REGISTERED NUMBER: 04117325 (England and Wales)















OFFICE RECYCLING SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023






OFFICE RECYCLING SOLUTIONS LIMITED (REGISTERED NUMBER: 04117325)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


OFFICE RECYCLING SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: K Denver
K. Ward





SECRETARY: K Denver





REGISTERED OFFICE: Suite D, Astor House
282 Lichfield Road
Four Oaks
Sutton Coldfield
West Midlands
B74 2UG





REGISTERED NUMBER: 04117325 (England and Wales)





ACCOUNTANTS: Four Oaks Taxation & Accounting Services Limited
Suite D, Astor House
282 Lichfield Road
Four Oaks
Sutton Coldfield
West Midlands
B74 2UG

OFFICE RECYCLING SOLUTIONS LIMITED (REGISTERED NUMBER: 04117325)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 76,127 78,781
76,127 78,781

CURRENT ASSETS
Stocks 15,000 15,000
Debtors 6 903,896 653,709
Cash at bank and in hand 538,013 701,626
1,456,909 1,370,335
CREDITORS
Amounts falling due within one year 7 685,911 720,171
NET CURRENT ASSETS 770,998 650,164
TOTAL ASSETS LESS CURRENT
LIABILITIES

847,125

728,945

CREDITORS
Amounts falling due after more than one
year

8

(36,132

)

(59,803

)

PROVISIONS FOR LIABILITIES (14,892 ) (11,570 )
NET ASSETS 796,101 657,572

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 796,001 657,472
SHAREHOLDERS' FUNDS 796,101 657,572

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

OFFICE RECYCLING SOLUTIONS LIMITED (REGISTERED NUMBER: 04117325)

BALANCE SHEET - continued
31 AUGUST 2023


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 Board of Directors and authorised for issue on 31 March 2024 and were signed on its behalf by:





K. Ward - Director


OFFICE RECYCLING SOLUTIONS LIMITED (REGISTERED NUMBER: 04117325)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

Office Recycling Solutions 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance, 25% on cost and 20% 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 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.

OFFICE RECYCLING SOLUTIONS LIMITED (REGISTERED NUMBER: 04117325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 161,600
AMORTISATION
At 1 September 2022
and 31 August 2023 161,600
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 281,594
Additions 23,681
At 31 August 2023 305,275
DEPRECIATION
At 1 September 2022 202,813
Charge for year 26,335
At 31 August 2023 229,148
NET BOOK VALUE
At 31 August 2023 76,127
At 31 August 2022 78,781

OFFICE RECYCLING SOLUTIONS LIMITED (REGISTERED NUMBER: 04117325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 645,878 466,429
Other debtors 39,835 21,989
685,713 488,418

Amounts falling due after more than one year:
Amounts owed by group undertakings 218,183 165,291

Aggregate amounts 903,896 653,709

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 13,112 11,829
Trade creditors 347,438 468,325
Taxation and social security 188,447 218,526
Other creditors 126,914 11,491
685,911 720,171

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 21,679 31,667
Hire purchase contracts 7,636 21,319
Amounts owed to group undertakings 6,817 6,817
36,132 59,803