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REGISTERED NUMBER: 08474908 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Astra Recycling Limited

Astra Recycling Limited (Registered number: 08474908)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Astra Recycling Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D Kukuruza



SECRETARY:



REGISTERED OFFICE: 34 Bosham Road
Portsmouth
Hampshire
PO2 7LQ



REGISTERED NUMBER: 08474908 (England and Wales)



ACCOUNTANTS: Curtis-Williams
Unit 5 Links House
Dundas Lane
Portsmouth
Hampshire
PO3 5BL



BANKERS: Lloyds Bank plc
2-4 Palmerston Road
Southsea
PO5 3QH

Astra Recycling Limited (Registered number: 08474908)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 786,033 702,874

CURRENT ASSETS
Stocks 10,000 4,000
Debtors 5 97,862 17,802
Cash at bank 150,971 174,136
258,833 195,938
CREDITORS
Amounts falling due within one year 6 183,684 138,116
NET CURRENT ASSETS 75,149 57,822
TOTAL ASSETS LESS CURRENT
LIABILITIES

861,182

760,696

CREDITORS
Amounts falling due after more than one
year

7

(318,600

)

(370,980

)

PROVISIONS FOR LIABILITIES 9 (86,748 ) (30,984 )
NET ASSETS 455,834 358,732

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 454,834 357,732
SHAREHOLDERS' FUNDS 455,834 358,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Astra Recycling Limited (Registered number: 08474908)

Statement of Financial Position - continued
31 March 2024


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 24 May 2024 and were signed by:





D Kukuruza - Director


Astra Recycling Limited (Registered number: 08474908)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Astra 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - not provided
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

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.

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 12 (2023 - 11 ) .

Astra Recycling Limited (Registered number: 08474908)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 439,040 260,074 3,300
Additions - 99,657 7,124
Disposals - - -
At 31 March 2024 439,040 359,731 10,424
DEPRECIATION
At 1 April 2023 - 86,751 1,207
Charge for year - 40,947 1,382
Eliminated on disposal - - -
At 31 March 2024 - 127,698 2,589
NET BOOK VALUE
At 31 March 2024 439,040 232,033 7,835
At 31 March 2023 439,040 173,323 2,093

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 128,098 3,057 833,569
Additions 64,852 1,106 172,739
Disposals (25,990 ) - (25,990 )
At 31 March 2024 166,960 4,163 980,318
DEPRECIATION
At 1 April 2023 40,149 2,588 130,695
Charge for year 35,358 525 78,212
Eliminated on disposal (14,622 ) - (14,622 )
At 31 March 2024 60,885 3,113 194,285
NET BOOK VALUE
At 31 March 2024 106,075 1,050 786,033
At 31 March 2023 87,949 469 702,874

Astra Recycling Limited (Registered number: 08474908)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 15,613 118,103 133,716
Additions - 64,852 64,852
Disposals - (15,995 ) (15,995 )
At 31 March 2024 15,613 166,960 182,573
DEPRECIATION
At 1 April 2023 2,342 32,525 34,867
Charge for year 1,991 35,358 37,349
Eliminated on disposal - (6,998 ) (6,998 )
At 31 March 2024 4,333 60,885 65,218
NET BOOK VALUE
At 31 March 2024 11,280 106,075 117,355
At 31 March 2023 13,271 85,578 98,849

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 97,862 17,802

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 46,800 43,268
Hire purchase contracts 63,869 44,348
Trade creditors 160 832
Taxation and social security 47,697 28,347
Other creditors 25,158 21,321
183,684 138,116

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 247,088 294,805
Hire purchase contracts 71,512 76,175
318,600 370,980

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 92,221 273,938

Astra Recycling Limited (Registered number: 08474908)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 293,888 338,073

The Bank Loans are secured by a Fixed and Floating charge over the assets of the Company.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 86,748 30,984

Deferred
tax
£   
Balance at 1 April 2023 30,984
Provided during year 55,764
Balance at 31 March 2024 86,748

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
D Kukuruza
Balance outstanding at start of year (2,748 ) (41,772 )
Amounts advanced - (50,000 )
Amounts repaid 2,748 89,024
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (2,748 )

11. RELATED PARTY DISCLOSURES

Included in 'Other Debtors' is an Interest free Loan of £ 87,300 to Astra Properties Ltd; a company controlled by the Director.This is repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The controlling party is D Kukuruza.