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REGISTERED NUMBER: 09816834 (England and Wales)




























Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Resource Waste Recovery Ltd

Resource Waste Recovery Ltd (Registered number: 09816834)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Resource Waste Recovery Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: G Small



REGISTERED OFFICE: Hazlemere
70 Chorley New Road
Bolton
Greater Manchester
BL1 4BY



REGISTERED NUMBER: 09816834 (England and Wales)



ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: Royal Bank Of Scotland
46-48 Deansgate
Bolton
BL1 1BH

Resource Waste Recovery Ltd (Registered number: 09816834)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,855 38,153

CURRENT ASSETS
Debtors 5 1,501,431 540,754
Cash at bank 668,644 729,638
2,170,075 1,270,392
CREDITORS
Amounts falling due within one year 6 1,365,170 760,246
NET CURRENT ASSETS 804,905 510,146
TOTAL ASSETS LESS CURRENT
LIABILITIES

831,760

548,299

CREDITORS
Amounts falling due after more than one
year

7

(29,742

)

(39,164

)

PROVISIONS FOR LIABILITIES 8 (6,714 ) (9,538 )
NET ASSETS 795,304 499,597

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 795,302 499,595
SHAREHOLDERS' FUNDS 795,304 499,597

Resource Waste Recovery Ltd (Registered number: 09816834)

Balance Sheet - continued
31 October 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26 July 2024 and were signed by:





G Small - Director


Resource Waste Recovery Ltd (Registered number: 09816834)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Resource Waste Recovery 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year 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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Resource Waste Recovery Ltd (Registered number: 09816834)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022 9,491 2,266 59,762 71,519
Disposals - - (3,050 ) (3,050 )
At 31 October 2023 9,491 2,266 56,712 68,469
DEPRECIATION
At 1 November 2022 5,936 1,571 25,859 33,366
Charge for year 889 431 8,227 9,547
Eliminated on disposal - - (1,299 ) (1,299 )
At 31 October 2023 6,825 2,002 32,787 41,614
NET BOOK VALUE
At 31 October 2023 2,666 264 23,925 26,855
At 31 October 2022 3,555 695 33,903 38,153

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022
and 31 October 2023 56,712
DEPRECIATION
At 1 November 2022 24,811
Charge for year 7,976
At 31 October 2023 32,787
NET BOOK VALUE
At 31 October 2023 23,925
At 31 October 2022 31,901

Resource Waste Recovery Ltd (Registered number: 09816834)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 748,917 260,834
Other debtors 280,100 279,500
Directors' loan accounts 351,348 -
Tax 118,580 -
Prepayments 2,486 420
1,501,431 540,754

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 9,422 9,422
Trade creditors 818,327 399,651
Amounts owed to group undertakings 193,869 194,000
Tax 297,588 100,750
Social security and other taxes 408 414
Pension control account 84 77
VAT 33,810 47,173
Other creditors 4,478 3,761
Directors' current accounts - 3,648
Accrued expenses 7,184 1,350
1,365,170 760,246

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 29,742 39,164

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 6,714 9,538

Deferred
tax
£   
Balance at 1 November 2022 9,538
Credit to Statement of Income and Retained Earnings during year (2,824 )
Balance at 31 October 2023 6,714

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

Resource Waste Recovery Ltd (Registered number: 09816834)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
G Small
Balance outstanding at start of year - -
Amounts advanced 683,426 -
Amounts repaid (332,078 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 351,348 -

11. ULTIMATE CONTROLLING PARTY

The controlling party is RW Recovery Holdings Ltd.