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REGISTERED NUMBER: 08027964 (England and Wales)















CLEARPOINT RECYCLING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






CLEARPOINT RECYCLING LIMITED (REGISTERED NUMBER: 08027964)






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


CLEARPOINT RECYCLING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: W Lee
S Sanpher
M Garrett





REGISTERED OFFICE: 12 Crown House
Hornbeam Square North
Harrogate
HG2 8PB





REGISTERED NUMBER: 08027964 (England and Wales)





ACCOUNTANTS: DSC
Chartered Accountants
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT

CLEARPOINT RECYCLING LIMITED (REGISTERED NUMBER: 08027964)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 118,798 105,729

CURRENT ASSETS
Stocks 483,455 -
Debtors 5 2,570,465 2,556,337
Prepayments and accrued income 643,040 383,736
Cash at bank 1,512,678 716,419
5,209,638 3,656,492
CREDITORS
Amounts falling due within one year 6 2,164,749 1,655,185
NET CURRENT ASSETS 3,044,889 2,001,307
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,163,687

2,107,036

CREDITORS
Amounts falling due after more than one
year

7

(21,667

)

(32,640

)

PROVISIONS FOR LIABILITIES (19,510 ) -

ACCRUALS AND DEFERRED INCOME (729,576 ) (528,001 )
NET ASSETS 2,392,934 1,546,395

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,392,834 1,546,295
2,392,934 1,546,395

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.

CLEARPOINT RECYCLING LIMITED (REGISTERED NUMBER: 08027964)

BALANCE SHEET - continued
31 OCTOBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





M Garrett - Director


CLEARPOINT RECYCLING LIMITED (REGISTERED NUMBER: 08027964)

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

1. STATUTORY INFORMATION

Clearpoint Recycling 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 etc - 25% on reducing balance and 15% on reducing balance

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.

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

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 15 (2022 - 18 ) .

CLEARPOINT RECYCLING LIMITED (REGISTERED NUMBER: 08027964)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 151,656
Additions 107,237
Disposals (92,333 )
At 31 October 2023 166,560
DEPRECIATION
At 1 November 2022 45,927
Charge for year 3,759
Eliminated on disposal (1,924 )
At 31 October 2023 47,762
NET BOOK VALUE
At 31 October 2023 118,798
At 31 October 2022 105,729

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,279,618 953,855
Other debtors 1,290,847 1,602,482
2,570,465 2,556,337

A financial guarantee of £29,400 is held on the balance sheet which are moneys held by 3rd parties as a form of insurance for material/waste being moved through other jurisdictions.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 1,596,171 1,381,405
Taxation and social security 555,671 260,792
Other creditors 2,907 2,988
2,164,749 1,655,185

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 21,667 32,640

CLEARPOINT RECYCLING LIMITED (REGISTERED NUMBER: 08027964)

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

8. DIRECTORS' 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
£    £   
W Lee
Balance outstanding at start of year (74,689 ) (29,155 )
Amounts advanced (801,494 ) 268,153
Amounts repaid 268,947 (313,687 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (607,236 ) (74,689 )

Interest has been charged on the above balances at the official rate of interest and is included therein. The amounts charged were £7,475 (2022: £1,017) to W Lee.

The balance was repaid via dividends on 21 May 2024.