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REGISTERED NUMBER: 04549917 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 OCTOBER 2023

FOR

WARWICKSHIRE RECYCLING SERVICES LIMITED

WARWICKSHIRE RECYCLING SERVICES LIMITED (REGISTERED NUMBER: 04549917)

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


WARWICKSHIRE RECYCLING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







Directors: Mrs M A Jacques
A M Jacques





Secretary: Mrs M A Jacques





Registered office: Eastland Fields Farm
Marston Jabbett
Bedworth
Coventry
CV12 9SD





Registered number: 04549917 (England and Wales)





Accountants: Athos Business Solutions Limited
1623 Warwick Road
Knowle
Solihull
West Midlands
B93 9LF

WARWICKSHIRE RECYCLING SERVICES LIMITED (REGISTERED NUMBER: 04549917)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 308,062 352,903
Investment property 5 7,462,179 7,381,214
7,770,241 7,734,117

CURRENT ASSETS
Stocks 7,412 8,548
Debtors 6 1,135,395 1,298,296
Cash at bank and in hand 373,548 462,026
1,516,355 1,768,870
CREDITORS
Amounts falling due within one year 7 703,825 159,058
NET CURRENT ASSETS 812,530 1,609,812
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,582,771

9,343,929

CREDITORS
Amounts falling due after more than one
year

8

-

(641,374

)

PROVISIONS FOR LIABILITIES - (79,850 )
NET ASSETS 8,582,771 8,622,705

WARWICKSHIRE RECYCLING SERVICES LIMITED (REGISTERED NUMBER: 04549917)

BALANCE SHEET - continued
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 8,581,771 8,621,705
8,582,771 8,622,705

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 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





A M Jacques - Director


WARWICKSHIRE RECYCLING SERVICES LIMITED (REGISTERED NUMBER: 04549917)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Warwickshire Recycling Services Limited 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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


WARWICKSHIRE RECYCLING SERVICES LIMITED (REGISTERED NUMBER: 04549917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 November 2022 1,062,375 86,382 1,148,757
Additions 6,100 7,500 13,600
Disposals - (2,500 ) (2,500 )
At 31 October 2023 1,068,475 91,382 1,159,857
Depreciation
At 1 November 2022 732,175 63,679 795,854
Charge for year 50,445 7,403 57,848
Eliminated on disposal - (1,907 ) (1,907 )
At 31 October 2023 782,620 69,175 851,795
Net book value
At 31 October 2023 285,855 22,207 308,062
At 31 October 2022 330,200 22,703 352,903

WARWICKSHIRE RECYCLING SERVICES LIMITED (REGISTERED NUMBER: 04549917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 November 2022 7,381,214
Additions 80,965
At 31 October 2023 7,462,179
Net book value
At 31 October 2023 7,462,179
At 31 October 2022 7,381,214

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 25,693 21,905
Other debtors 1,109,702 1,276,391
1,135,395 1,298,296

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 641,374 94,435
Trade creditors 25,772 24,559
Taxation and social security 11,346 14,800
Other creditors 25,333 25,264
703,825 159,058

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 641,374