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REGISTERED NUMBER: 14238744 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 17TH JULY 2022 TO 31ST JULY 2023

FOR

NORTH WEST RECYCLING GROUP LTD

NORTH WEST RECYCLING GROUP LTD (REGISTERED NUMBER: 14238744)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 17TH JULY 2022 TO 31ST JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NORTH WEST RECYCLING GROUP LTD

COMPANY INFORMATION
FOR THE PERIOD 17TH JULY 2022 TO 31ST JULY 2023







DIRECTORS: L M Allmand
K A W Allmand



REGISTERED OFFICE: 25 Grosvenor Road
Wrexham
LL11 1BT



REGISTERED NUMBER: 14238744 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: ClearBank Limited
5th Floor 1 Appold Street
London
EC2A 2UT

NORTH WEST RECYCLING GROUP LTD (REGISTERED NUMBER: 14238744)

BALANCE SHEET
31ST JULY 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 3,250

CURRENT ASSETS
Stocks 5 1,830
Debtors 6 16,533
Cash at bank and in hand 13,266
31,629
CREDITORS
Amounts falling due within one year 7 81,553
NET CURRENT LIABILITIES (49,924 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(46,674

)

CAPITAL AND RESERVES
Called up share capital 9 20
Retained earnings (46,694 )
SHAREHOLDERS' FUNDS (46,674 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st July 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th December 2023 and were signed on its behalf by:





L M Allmand - Director


NORTH WEST RECYCLING GROUP LTD (REGISTERED NUMBER: 14238744)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 17TH JULY 2022 TO 31ST JULY 2023

1. STATUTORY INFORMATION

North West Recycling Group Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - 15% on cost
Motor vehicles - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

NORTH WEST RECYCLING GROUP LTD (REGISTERED NUMBER: 14238744)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 17TH JULY 2022 TO 31ST JULY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 4,000
At 31st July 2023 4,000
DEPRECIATION
Charge for period 750
At 31st July 2023 750
NET BOOK VALUE
At 31st July 2023 3,250

5. STOCKS
£   
Work-in-progress 1,830

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 2,694
Deferred tax asset 13,713
Prepayments 126
16,533

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 9,910
Social security and other taxes 1,733
VAT 2,424
Directors' current accounts 60,656
Accruals and deferred income 6,830
81,553

8. DEFERRED TAX
£   
Tax on losses (14,525 )
Changes in tax allowances 812
Balance at 31st July 2023 (13,713 )

NORTH WEST RECYCLING GROUP LTD (REGISTERED NUMBER: 14238744)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 17TH JULY 2022 TO 31ST JULY 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
200 Ordinary 10p 20

200 Ordinary shares of 10p were issued during the period for cash of £ 20 .

10. CAPITAL COMMITMENTS
£   
Contracted but not provided for in the
financial statements -

11. ULTIMATE CONTROLLING PARTY

The controlling party is L Allmand and K Allmand.

12. COMPARATIVES

No comparatives as first year of trading