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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
Page
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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
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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
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Platform 8 Recycling Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
26,368 
51,868 
Current assets
Inventories
15,621 
20,893 
Debtors
44,431 
- 
Cash at bank and in hand
8,652 
7,077 
68,704 
27,970 
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)
Net assets
31,989 
9,193 
Capital and reserves
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
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Platform 8 Recycling Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
At 1 February 2022
51,000 
- 
51,000 
Charge for the year
25,500 
- 
25,500 
At 31 January 2023
76,500 
- 
76,500 
Net book value
At 31 January 2023
25,736 
632 
26,368 
At 31 January 2022
51,236 
632 
51,868 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
44,431 
- 
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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 
Other creditors
16,608 
- 
Loans from directors
(65,570)
- 
(448)
56,361 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
25,093 
35,031 
Taxes and social security
38,438 
(20,747)
63,531 
14,284 
8
Average number of employees
During the year the average number of employees was 15 (2022: 10).
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