2022-08-01 09125715 2023-07-31 09125715 2022-08-01 2023-07-31 09125715 2022-07-31 09125715 2021-08-01 2022-07-31 09125715 uk-core:WithinOneYear 2022-07-31 09125715 uk-core:WithinOneYear 2023-07-31 09125715 uk-core:AfterOneYear 2022-07-31 09125715 uk-core:AfterOneYear 2023-07-31 09125715 uk-core:ShareCapital 2023-07-31 09125715 uk-core:ShareCapital 2022-07-31 09125715 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 09125715 uk-core:RetainedEarningsAccumulatedLosses 2022-07-31 09125715 uk-bus:Director1 2022-08-01 2023-07-31 09125715 uk-core:PlantMachinery 2022-08-01 2023-07-31 09125715 uk-core:ComputerEquipment 2022-08-01 2023-07-31 09125715 uk-core:MotorCars 2022-08-01 2023-07-31 09125715 uk-core:FurnitureFittings 2022-08-01 2023-07-31 09125715 uk-core:ComputerEquipment 2022-07-31 09125715 uk-core:FurnitureFittings 2022-07-31 09125715 uk-core:MotorCars 2022-07-31 09125715 uk-core:PlantMachinery 2022-07-31 09125715 uk-core:MotorCars 2023-07-31 09125715 uk-core:FurnitureFittings 2023-07-31 09125715 uk-core:ComputerEquipment 2023-07-31 09125715 uk-core:PlantMachinery 2023-07-31 09125715 uk-core:AfterOneYear uk-core:Secured 2023-07-31 09125715 uk-core:AfterOneYear uk-core:Secured 2022-07-31 iso4217:GBP xbrli:pure 09125715 uk-bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 09125715 uk-bus:FRS102 2022-08-01 2023-07-31 09125715 uk-bus:FilletedAccounts 2022-08-01 2023-07-31 09125715 uk-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31
W Recycling Services Ltd
Registered Number:09125715
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
09125715
As at 31 July 2023
W Recycling Services Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
13,453
7,680
2
13,453
7,680
Current assets
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)
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
(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.
D Porter Director
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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4
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.
Registered address:
12 Church End
Nether Broughton
Melton Mowbray
Leicestershire
LE14 3ET
The presentation currency is £ sterling.
1. Accounting policies
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
15% Reducing balance
15% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
15% Reducing balance
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.
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5
For the year ended 31 July 2023
W Recycling Services Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or
valuation
At 01 August 2022
14,598
1,739
3,736
8,800
323
8,458
-
3,708
4,750
-
Additions
At 31 July 2023
13,550
7,444
1,739
23,056
323
Provision for depreciation and impairment
At 01 August 2022
6,918
596
1,727
4,572
23
Charge for year
2,685
171
719
1,750
45
At 31 July 2023
9,603
767
2,446
6,322
68
At 31 July 2023
Net book value
255
7,228
4,998
972
13,453
At 31 July 2022
300
4,228
2,009
1,143
7,680
3. Trade and other receivables
2022
2023
£
£
Trade debtors
101,902
34,987
Other debtors
31,135
-
34,987
133,037
The debtors above include the following amounts falling due after more than one year:
Other debtors
26,000
-
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
71,217
109,466
Taxation and social security
129,796
40,683
Other creditors
1,269
1,143
202,282
151,292
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6
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
£
£
Bank loans and overdraft
14,035
31,178
6. Average number of persons employed
During the year the average number of employees was 4 (2022 : 5)
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