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Company Registration No. 14724657 (England and Wales)
REVERSE SUPPLY CHAIN UK LIMITED Unaudited accounts for the period from 13 March 2023 to 31 March 2024
REVERSE SUPPLY CHAIN UK LIMITED Unaudited accounts Contents
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REVERSE SUPPLY CHAIN UK LIMITED Company Information for the period from 13 March 2023 to 31 March 2024
Director
Chun Wai Wan
Company Number
14724657 (England and Wales)
Registered Office
Unit 3 Industrial Estate Tame Road Birmingham West Midlands B6 7HS England
Accountants
Elaga Accountancy Ltd 75 Shelton St Covent Garden London WC2H 9JQ
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Accountants' report on the preparation of the unaudited statutory statements of REVERSE SUPPLY CHAIN UK LIMITED (The Company) for the period from 13 March 2023 to 31 March 2024
In order to assist you as the sole director to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the period from 13 March 2023 to 31 March 2024 which comprises of the profit and loss account, the balance sheet, and explanatory notes from the company's accounting records and from information and explanations which you have provided us with.
As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to you as the sole director of the company, in accordance with the terms of our letter of engagement dated 11 July 2023. Our work has been undertaken solely to prepare for your approval the financial statements of the company, and state those matters that we have agreed to state to you, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and you as the sole director for our work or for this report.
It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and financial performance of the company. You consider that the company is exempt from the statutory audit requirement for the period from 13 March 2023 to 31 March 2024.
We have not been instructed to carry out any assurance service on the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Elaga Accountancy Ltd Financial Accountants 75 Shelton St Covent Garden London WC2H 9JQ 19 August 2024
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REVERSE SUPPLY CHAIN UK LIMITED Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
2,969 
Current assets
Debtors
20,886 
Cash at bank and in hand
2,804 
23,690 
Creditors: amounts falling due within one year
(158,523)
Net current liabilities
(134,833)
Net liabilities
(131,864)
Capital and reserves
Called up share capital
1,000 
Profit and loss account
(132,864)
Shareholders' funds
(131,864)
For the period ending 31 March 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 August 2024 and were signed on its behalf by
Chun Wai Wan Director Company Registration No. 14724657
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REVERSE SUPPLY CHAIN UK LIMITED Notes to the Accounts for the period from 13 March 2023 to 31 March 2024
1
Statutory information
REVERSE SUPPLY CHAIN UK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14724657. The registered office is Unit 3, Industrial Estate, Tame Road, Birmingham, West Midlands, B6 7HS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance method
Motor vehicles
20% reducing balance method
Fixtures & fittings
20% reducing balance method
Computer equipment
20% reducing balance method
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 13 March 2023
- 
- 
- 
Additions
2,503 
1,209 
3,712 
At 31 March 2024
2,503 
1,209 
3,712 
Depreciation
Charge for the period
501 
242 
743 
At 31 March 2024
501 
242 
743 
Net book value
At 31 March 2024
2,002 
967 
2,969 
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REVERSE SUPPLY CHAIN UK LIMITED Notes to the Accounts for the period from 13 March 2023 to 31 March 2024
5
Debtors
2024 
£ 
Amounts falling due within one year
VAT
3,790 
Accrued income and prepayments
17,096 
20,886 
6
Creditors: amounts falling due within one year
2024 
£ 
Loans from directors
158,523 
7
Average number of employees
During the period the average number of employees was 3.
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