Registered Number:09125715 |
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 July 2023
W Recycling Services Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
W Recycling Services Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
13,453
7,680
2
13,453
7,680
Trade and other receivables |
34,987
133,037
3
50,558
Cash and cash equivalents |
17,922
150,959
85,545
Trade and other payables: amounts falling due within one |
year |
(151,292)
(202,282)
4
(65,747)
(51,323)
Net current liabilities
Total assets less current liabilities |
(37,870)
(58,067)
Trade and other payables: amounts falling due after more |
than one year |
(31,178)
(14,035)
5
(51,905)
Net liabilities
(89,245)
1,000
1,000
(52,905)
(90,245)
(51,905)
(89,245)
Shareholders' funds
For the year ended 31 July 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 of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 27 February 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 July 2023
W Recycling Services Ltd
Notes to the Financial Statements
Statutory Information
W Recycling Services Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 09125715. |
12 Church End
Nether Broughton
Melton Mowbray
Leicestershire
LE14 3ET
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Motor vehicles
Fixtures and fittings
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
For the year ended 31 July 2023
W Recycling Services Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
14,598
1,739
3,736
8,800
323
8,458
-
3,708
4,750
-
13,550
7,444
1,739
23,056
323
Provision for depreciation and impairment |
6,918
596
1,727
4,572
23
Charge for year
2,685
171
719
1,750
45
9,603
767
2,446
6,322
68
255
7,228
4,998
972
13,453
300
4,228
2,009
1,143
7,680
3. Trade and other receivables |
2022
2023
101,902
34,987
31,135
-
34,987
133,037
The debtors above include the following amounts falling due after more than one year: |
26,000
-
4. Trade and other payables: amounts falling due within one year |
2022
2023
71,217
109,466
Taxation and social security |
129,796
40,683
1,269
1,143
202,282
151,292
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For the year ended 31 July 2023
W Recycling Services Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
14,035
31,178
6. Average number of persons employed |
During the year the average number of employees was 4 (2022 : 5)
4 of 4