RECYCLING OF USED PLASTICS LIMITED

Company limited by guarantee

Company Registration Number:
02435729 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

RECYCLING OF USED PLASTICS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

RECYCLING OF USED PLASTICS LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

RECOUP is a not-for-profit organisation and registered charity. We are built on a network of members and stakeholders who represent all sectors of the plastics supply and recovery chain – including polymer producers, convertors, packer fillers, brands, retailers, local authorities, waste management companies and plastics reprocessors. RECOUP also have affiliations with a number of corporate trade bodies, academic groups and NGOs. The depth and scope of our network gives us a valuable insight and access to the complete plastic supply and recycling chain.RECOUP deliver a range of activities related to the sustainable development of plastics recycling and resource efficiency such as demonstration projects, research, consumer engagement and stakeholder advice. This includes working collaboratively with UK and international stakeholder groups; responding to government consultations; research and information sharing;bespoke member activities; attending and speaking at conferences andexhibitions; and many other activities.Support and collaboration through membership is the life blood of RECOUP.

Political and charitable donations

Donations, voluntary contributions and sponsorship receivable are accounted for as soon as their amount and receipt are certain. In the case of voluntary contributions this is only when they are received. All other income is accounted for under the accruals concept. Gifts in kind are valued at their estimated value to the charity.

Additional information

RECOUP is administered by its Trustees who are elected by the members of the company, in accordance with the Memorandum and Articles of Association. A number of Advisers are appointed on the Board to provide guidance and input alongside Trustees. The Board meet at least three times a year to formulate the policies of the company and to engage and instruct independent third parties to implement such policies on their behalf. The company itself does not directly employ people.



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Jim Armstrong
Mike Baxter
Ian Burman
Iain Ferguson
Stuart Hayward Higham
Steven Walsh
Hayley Lloyd House
Anne Sutton
Ahmed Detta


The directors shown below have held office during the period of
31 May 2023 to 31 December 2023

Danny Cheke
Adrian Whyle


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
14 June 2024

And signed on behalf of the board by:
Name: Jim Armstrong
Status: Director

RECYCLING OF USED PLASTICS LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 649,652 914,970
Cost of sales: ( 929,788 ) ( 857,979 )
Gross profit(or loss): (280,136) 56,991
Operating profit(or loss): (280,136) 56,991
Profit(or loss) before tax: (280,136) 56,991
Profit(or loss) for the financial year: (280,136) 56,991

RECYCLING OF USED PLASTICS LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 0 22
Investments: 4 1 1
Total fixed assets: 1 23
Current assets
Debtors: 5 83,920 119,986
Cash at bank and in hand: 49,379 329,102
Total current assets: 133,299 449,088
Creditors: amounts falling due within one year: 6 ( 127,787 ) ( 163,462 )
Net current assets (liabilities): 5,512 285,626
Total assets less current liabilities: 5,513 285,649
Total net assets (liabilities): 5,513 285,649
Members' funds
Profit and loss account: 5,513 285,649
Total members' funds: 5,513 285,649

The notes form part of these financial statements

RECYCLING OF USED PLASTICS LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 14 June 2024
and signed on behalf of the board by:

Name: Jim Armstrong
Status: Director

The notes form part of these financial statements

RECYCLING OF USED PLASTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

RECYCLING OF USED PLASTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

RECYCLING OF USED PLASTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 0 22 0 0 0 22
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 0 22 0 0 0 22
Depreciation
At 1 January 2023 0 0 0 0 0 0
Charge for year
On disposals
Other adjustments 22 22
At 31 December 2023 0 22 0 0 0 22
Net book value
At 31 December 2023 0 0 0 0 0 0
At 31 December 2022 0 22 0 0 0 22

RECYCLING OF USED PLASTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Fixed assets investments note

Tangible fixed assets have been previously written down to the value of £1. As these no longer offer future economic benefit, they have been disposed from the accounts.

RECYCLING OF USED PLASTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 2022
£ £
Trade debtors 83,920 119,986
Total 83,920 119,986
Debtors due after more than one year: 0 0

RECYCLING OF USED PLASTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 127,787 163,462
Total 127,787 163,462