Company Registration No. 10506569 (England and Wales)
AKM RECYCLING LIMITED
Annual report and unaudited accounts
for the year ended 31 December 2022
AKM RECYCLING LIMITED
Annual report and unaudited accounts
Contents
AKM RECYCLING LIMITED
Company Information
for the year ended 31 December 2022
Directors
Peter Ly
James tran
Company Number
10506569 (England and Wales)
Registered Office
Unit 14b
Caldervale Road
Wakefield
West Yorkshire
WF1 5PE
AKM RECYCLING LIMITED
Statement of financial position
as at 31 December 2022
Tangible assets
32,013
38,827
Inventories
231,488
205,500
Cash at bank and in hand
(29,804)
(12,939)
Creditors: amounts falling due within one year
(183,222)
(133,905)
Net current assets
260,429
239,502
Total assets less current liabilities
322,024
307,911
Creditors: amounts falling due after more than one year
(219,100)
(219,100)
Called up share capital
1
1
Profit and loss account
102,923
88,810
Shareholders' funds
102,924
88,811
For the year ending 31 December 2022 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 directors acknowledge their 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 of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by
Peter Ly
Director
Company Registration No. 10506569
AKM RECYCLING LIMITED
Notes to the Accounts
for the year ended 31 December 2022
AKM RECYCLING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10506569. The registered office is Unit 14b, Caldervale Road, Wakefield, West Yorkshire, WF1 5PE.
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.
These are the amended accounts and will replace the statutory accounts that were submitted on the 29th August 2019. These are now the statutory accounts.
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
25% Reducing balance
Fixtures & fittings
15% Reducing balance
Computer equipment
25% Straight line
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2022
21,730
55,835
150
77,715
At 31 December 2022
21,730
55,835
150
77,715
At 1 January 2022
11,852
26,888
148
38,888
Charge for the year
2,470
4,342
2
6,814
At 31 December 2022
14,322
31,230
150
45,702
At 31 December 2022
7,408
24,605
-
32,013
At 31 December 2021
9,878
28,947
2
38,827
AKM RECYCLING LIMITED
Notes to the Accounts
for the year ended 31 December 2022
5
Investments
Other investments
Valuation at 1 January 2022
29,582
Valuation at 31 December 2022
29,582
Amounts falling due within one year
Trade debtors
178,168
161,056
7
Creditors: amounts falling due within one year
2022
2021
Trade creditors
163,784
120,433
Taxes and social security
18,438
13,472
8
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
219,100
219,100
9
Average number of employees
During the year the average number of employees was 8 (2021: 8).