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REGISTERED NUMBER: 11919890 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2023

FOR

PORTABLE BATTERY RECYCLING LIMITED

PORTABLE BATTERY RECYCLING LIMITED (REGISTERED NUMBER: 11919890)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PORTABLE BATTERY RECYCLING LIMITED

COMPANY INFORMATION
for the Year Ended 31st July 2023







DIRECTORS: Mr L D Gottlieb
Mr G Clementson
Mr P S Gottlieb





SECRETARY: Ms F Henshall





REGISTERED OFFICE: 100 Barbirolli Square
Manchester
M2 3BD





REGISTERED NUMBER: 11919890 (England and Wales)





ACCOUNTANTS: KJG
100 Barbirolli Square
Manchester
M2 3BD

PORTABLE BATTERY RECYCLING LIMITED (REGISTERED NUMBER: 11919890)

BALANCE SHEET
31st July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 6,750 -
Tangible assets 5 304,277 382,377
311,027 382,377

CURRENT ASSETS
Stocks 48,517 110,000
Debtors 6 1,435,317 1,991,583
Investments 7 124,834 6,929
Cash at bank and in hand 1,606,547 626,215
3,215,215 2,734,727
CREDITORS
Amounts falling due within one year 8 (552,910 ) (779,148 )
NET CURRENT ASSETS 2,662,305 1,955,579
TOTAL ASSETS LESS CURRENT LIABILITIES 2,973,332 2,337,956

PROVISIONS FOR LIABILITIES (256,173 ) (84,330 )
NET ASSETS 2,717,159 2,253,626

CAPITAL AND RESERVES
Called up share capital 11 120 120
Retained earnings 2,717,039 2,253,506
SHAREHOLDERS' FUNDS 2,717,159 2,253,626

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

PORTABLE BATTERY RECYCLING LIMITED (REGISTERED NUMBER: 11919890)

BALANCE SHEET - continued
31st July 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 12th March 2024 and were signed on its behalf by:





Mr L D Gottlieb - Director


PORTABLE BATTERY RECYCLING LIMITED (REGISTERED NUMBER: 11919890)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st July 2023


1. STATUTORY INFORMATION

Portable Battery Recycling Limited is a private company limited by share capital, incorporated in England and Wales, registration number 11919890. The address of the registered office is 100 Barbirolli Square, Manchester, M2 3BD and the principal place of business is Unit H2 Enterprise Park, Ennis Close, Roundthorn Industrial Estate, Manchester, M23 9LE.

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 represents amounts recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists of the sale of portable batteries and evidence, which are recognised at the point of which the goods or services are provided.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Plant and machinery -20% straight line
Fixtures and fittings-20% -33% straight line
Motor vehicles-20%straight line
Computer equipment-33% straight line

At each balance sheet date, the Company reviews the carrying amounts of its fixed assets to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

PORTABLE BATTERY RECYCLING LIMITED (REGISTERED NUMBER: 11919890)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st July 2023


2. ACCOUNTING POLICIES - continued

Stocks
Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Costs are based on the method most appropriate to the type of inventory class, usually on a first-in-first-out basis. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of these stocks are recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down in stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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 year 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leasing commitments
Operating lease payments are recognised as an expense on straight-line basis over the lease term, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed. Contingent rentals arising under operating leases are recognised as an expense in the period in which they are incurred.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

PORTABLE BATTERY RECYCLING LIMITED (REGISTERED NUMBER: 11919890)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st July 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the Company in an independent administered fund.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2022 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
Additions 6,750
At 31st July 2023 6,750
NET BOOK VALUE
At 31st July 2023 6,750

PORTABLE BATTERY RECYCLING LIMITED (REGISTERED NUMBER: 11919890)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st July 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st August 2022 35,074 113,513 361,600 12,970 523,157
Additions - 14,798 352,530 3,017 370,345
Disposals - (1,074 ) (394,671 ) - (395,745 )
At 31st July 2023 35,074 127,237 319,459 15,987 497,757
DEPRECIATION
At 1st August 2022 3,543 40,496 89,259 7,482 140,780
Charge for year 7,012 36,094 95,207 4,645 142,958
Eliminated on disposal - (859 ) (89,399 ) - (90,258 )
At 31st July 2023 10,555 75,731 95,067 12,127 193,480
NET BOOK VALUE
At 31st July 2023 24,519 51,506 224,392 3,860 304,277
At 31st July 2022 31,531 73,017 272,341 5,488 382,377

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 1,137,544 1,433,424
Other debtors 196,543 558,159
1,334,087 1,991,583

Amounts falling due after more than one year:
Other debtors 101,230 -

Aggregate amounts 1,435,317 1,991,583

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Unlisted investments 124,834 6,929

PORTABLE BATTERY RECYCLING LIMITED (REGISTERED NUMBER: 11919890)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st July 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 255,045 101,866
Taxation and social security 211,427 393,607
Other creditors 86,438 283,675
552,910 779,148

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 117,032 117,032
Between one and five years 420,000 537,032
537,032 654,064

10. SECURED DEBTS

Barclays bank holds fixed and floating charges dated 21/02 and 02/12 over the assets of the company. These charges contain negative pledges as there's several charges

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal value: 2023 2022
£ £
51 Ordinary A £1.00 51 51
9 Ordinary B £1.00 9 9
3 Ordinary C £1.00 3 3
48 Ordinary D £1.00 48 48
3 Ordinary E £1.00 3 3
3 Ordinary F £1.00 3 3
3 Ordinary G £1.00 3 3
120 120

12. OTHER FINANCIAL COMMITMENTS

At the year end the company was committed to purchasing €4,860 (£4,166) and $93,238 (£72,485) by way of metal contract commitments.

13. RELATED PARTY DISCLOSURES

During the year the company sold motor vehicles to the Directors for £141,866 (2022: £23,000).