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REGISTERED NUMBER: 07757725 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

S & B RECYCLING LIMITED

S & B RECYCLING LIMITED (REGISTERED NUMBER: 07757725)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


S & B RECYCLING LIMITED

COMPANY INFORMATION
for the Year Ended 31 AUGUST 2023







DIRECTORS: C R S Black
B Black





REGISTERED OFFICE: Sherfield House
Mulfords Hill
Tadley
Hampshire
RG26 3JE





REGISTERED NUMBER: 07757725 (England and Wales)

S & B RECYCLING LIMITED (REGISTERED NUMBER: 07757725)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,337 7,567

CURRENT ASSETS
Debtors 5 498 9,392
Cash at bank - 8,253
498 17,645
CREDITORS
Amounts falling due within one year 6 33,053 40,571
NET CURRENT LIABILITIES (32,555 ) (22,926 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(27,218

)

(15,359

)

CREDITORS
Amounts falling due after more than one
year

7

(29,805

)

(33,153

)

PROVISIONS FOR LIABILITIES (1,078 ) (1,438 )
NET LIABILITIES (58,101 ) (49,950 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (59,101 ) (50,950 )
(58,101 ) (49,950 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 9 July 2024 and were signed on its behalf by:



C R S Black - Director



B Black - Director


S & B RECYCLING LIMITED (REGISTERED NUMBER: 07757725)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2023

1. STATUTORY INFORMATION

S & B 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern
The accounts have been prepared under the going concern basis as the company continues to meet its obligations as and when they arise with the support of its directors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

S & B RECYCLING LIMITED (REGISTERED NUMBER: 07757725)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 18,000
Disposals (4,500 )
At 31 August 2023 13,500
DEPRECIATION
At 1 September 2022 10,433
Charge for year 1,873
Eliminated on disposal (4,143 )
At 31 August 2023 8,163
NET BOOK VALUE
At 31 August 2023 5,337
At 31 August 2022 7,567

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other debtors 498 9,392

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 12,608 18,261
Taxation and social security (1,726 ) 9,628
Other creditors 12,171 2,682
33,053 40,571

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans 29,805 33,153

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
C R S Black
Balance outstanding at start of year 9,392 10,000
Amounts advanced 2,031 17,879
Amounts repaid (20,912 ) (18,487 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (9,489 ) 9,392

S & B RECYCLING LIMITED (REGISTERED NUMBER: 07757725)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

B Black
Balance outstanding at start of year (482 ) 9,752
Amounts repaid - (10,234 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (482 ) (482 )

The agreed terms are the loans are payable on demand and interest is charged at the official rate on all advances where balances exceeded £10,000 at anytime during the year.

Interest of £120 (2022; £199) has been charge during the year.