Registered number
11472992
READY SET RECYCLE LTD
Filleted Accounts
31 July 2023
READY SET RECYCLE LTD
Registered number: 11472992
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 14,120 6,925
Cash at bank and in hand 78,730 21,712
92,850 28,637
Creditors: amounts falling due within one year 4 (323) (11,527)
Net current assets 92,527 17,110
Net assets 92,527 17,110
Capital and reserves
Called up share capital 3 3
Profit and loss account 92,524 17,107
Shareholders' funds 92,527 17,110
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mat Lambert
Director
Approved by the board on 30 July 2024
READY SET RECYCLE LTD
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 0
3 Debtors 2023 2022
£ £
Other debtors 4,117 6,925
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs (3,390) 5,127
Other creditors 746 6,400
323 11,527
5 Other information
READY SET RECYCLE LTD is a private company limited by shares and incorporated in England. Its registered office is:
103 Washway Road
Sale
Cheshire
M33 7TY
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