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Registered number: 11731961
Bostraze Recycling Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
The Regent Chapel Street
Penzance
Cornwall
TR18 4AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11731961
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 115,890 148,771
115,890 148,771
CURRENT ASSETS
Debtors 5 194,709 153,188
Cash at bank and in hand 28,068 13,456
222,777 166,644
Creditors: Amounts Falling Due Within One Year 6 (338,140 ) (340,421 )
NET CURRENT ASSETS (LIABILITIES) (115,363 ) (173,777 )
TOTAL ASSETS LESS CURRENT LIABILITIES 527 (25,006 )
Creditors: Amounts Falling Due After More Than One Year 7 (23,004 ) (79,177 )
NET LIABILITIES (22,477 ) (104,183 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (22,577 ) (104,283 )
SHAREHOLDERS' FUNDS (22,477) (104,183)
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Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Daniel Menear
Director
18/04/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bostraze Recycling Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11731961 . The registered office is Lower Bostraze , Newbridge , Penzance, Cornwall, TR20 8PU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2022: 11)
11 11
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 269,763 13,000 3,654 2,731 289,148
Additions 36,232 - - - 36,232
Disposals (31,721 ) - - - (31,721 )
As at 31 December 2023 274,274 13,000 3,654 2,731 293,659
Depreciation
As at 1 January 2023 134,461 3,472 944 1,500 140,377
Provided during the period 34,616 1,906 191 679 37,392
As at 31 December 2023 169,077 5,378 1,135 2,179 177,769
Net Book Value
As at 31 December 2023 105,197 7,622 2,519 552 115,890
As at 1 January 2023 135,302 9,528 2,710 1,231 148,771
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 122,241 91,830
Prepayments and accrued income 820 998
Amounts owed by other participating interests 71,648 60,360
194,709 153,188
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 35,324 33,817
Trade creditors 206,313 160,184
Other taxes and social security 6,759 17,686
VAT 18,984 1,835
Bounce Back Loan <1yr 10,000 10,000
Accruals and deferred income 3,500 3,500
Director's loan account 24,658 43,080
Amounts owed to other participating interests 32,602 70,319
338,140 340,421
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 8,837 55,010
Bounce back loan 1 - 5 years 14,167 24,167
23,004 79,177
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8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 35,324 33,817
Later than one year and not later than five years 8,837 55,010
44,161 88,827
44,161 88,827
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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