IRIS Accounts Production v24.2.0.383 08913643 director 1.8.22 31.8.23 31.8.23 false true false false false true false ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh089136432022-07-31089136432023-08-31089136432022-08-012023-08-31089136432021-07-31089136432021-08-012022-07-31089136432022-07-3108913643ns15:EnglandWales2022-08-012023-08-3108913643ns14:PoundSterling2022-08-012023-08-3108913643ns10:Director12022-08-012023-08-3108913643ns10:PrivateLimitedCompanyLtd2022-08-012023-08-3108913643ns10:SmallEntities2022-08-012023-08-3108913643ns10:AuditExempt-NoAccountantsReport2022-08-012023-08-3108913643ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-08-3108913643ns10:SmallCompaniesRegimeForAccounts2022-08-012023-08-3108913643ns10:FullAccounts2022-08-012023-08-310891364312022-08-012023-08-3108913643ns10:OrdinaryShareClass12022-08-012023-08-3108913643ns10:RegisteredOffice2022-08-012023-08-3108913643ns5:CurrentFinancialInstruments2023-08-3108913643ns5:CurrentFinancialInstruments2022-07-3108913643ns5:Non-currentFinancialInstruments2023-08-3108913643ns5:Non-currentFinancialInstruments2022-07-3108913643ns5:ShareCapital2023-08-3108913643ns5:ShareCapital2022-07-3108913643ns5:SharePremium2023-08-3108913643ns5:SharePremium2022-07-3108913643ns5:RetainedEarningsAccumulatedLosses2023-08-3108913643ns5:RetainedEarningsAccumulatedLosses2022-07-3108913643ns5:IntangibleAssetsOtherThanGoodwill2022-08-012023-08-3108913643ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-08-012023-08-3108913643ns5:PlantMachinery2022-08-012023-08-3108913643ns5:IntangibleAssetsOtherThanGoodwill2022-07-3108913643ns5:IntangibleAssetsOtherThanGoodwill2023-08-3108913643ns5:IntangibleAssetsOtherThanGoodwill2022-07-3108913643ns5:PlantMachinery2022-07-3108913643ns5:PlantMachinery2023-08-3108913643ns5:PlantMachinery2022-07-3108913643ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3108913643ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3108913643ns10:OrdinaryShareClass12023-08-3108913643ns5:RetainedEarningsAccumulatedLosses2022-07-3108913643ns5:SharePremium2022-07-3108913643ns5:RetainedEarningsAccumulatedLosses2022-08-012023-08-31
REGISTERED NUMBER: 08913643 (England and Wales)















Unaudited Financial Statements

for the Period 1 August 2022 to 31 August 2023

for

Accoil Recycling Limited

Accoil Recycling Limited (Registered number: 08913643)






Contents of the Financial Statements
for the Period 1 August 2022 to 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Accoil Recycling Limited

Company Information
for the Period 1 August 2022 to 31 August 2023







DIRECTOR: Miss S Murawski





REGISTERED OFFICE: Unit 4 Romeo Business Centre
Purfleet Industrial Park
London Road
South Ockendon
Essex
RM15 4YD





REGISTERED NUMBER: 08913643 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
SE19 3RW

Accoil Recycling Limited (Registered number: 08913643)

Balance Sheet
31 August 2023

31.8.23 31.7.22
Notes £    £   
FIXED ASSETS
Intangible assets 5 328,965 317,200
Tangible assets 6 81,918 103,609
410,883 420,809

CURRENT ASSETS
Stocks 1,017,000 767,000
Debtors 7 123,145 85,559
Cash at bank and in hand 359,451 306,049
1,499,596 1,158,608
CREDITORS
Amounts falling due within one year 8 (1,464,962 ) (268,738 )
NET CURRENT ASSETS 34,634 889,870
TOTAL ASSETS LESS CURRENT
LIABILITIES

445,517

1,310,679

CREDITORS
Amounts falling due after more than one year 9 (21,970 ) (949,982 )
NET ASSETS 423,547 360,697

CAPITAL AND RESERVES
Called up share capital 10 1,000 200
Share premium 11 199,989 199,989
Retained earnings 11 222,558 160,508
SHAREHOLDERS' FUNDS 423,547 360,697

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Accoil Recycling Limited (Registered number: 08913643)

Balance Sheet - continued
31 August 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 director and authorised for issue on 30 August 2024 and were signed by:





Miss S Murawski - Director


Accoil Recycling Limited (Registered number: 08913643)

Notes to the Financial Statements
for the Period 1 August 2022 to 31 August 2023

1. STATUTORY INFORMATION

Accoil 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. STATEMENT OF COMPLIANCE

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. These are the company's first set of financial statements prepared in accordance with FRS 102. There were no transition adjustments.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

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 cost

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 period 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.


Accoil Recycling Limited (Registered number: 08913643)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 31 August 2023

3. ACCOUNTING POLICIES - continued
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 period 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2022 - 7 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2022 317,200
Additions 43,485
At 31 August 2023 360,685
AMORTISATION
Charge for period 31,720
At 31 August 2023 31,720
NET BOOK VALUE
At 31 August 2023 328,965
At 31 July 2022 317,200

Accoil Recycling Limited (Registered number: 08913643)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 31 August 2023

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 August 2023 175,541
DEPRECIATION
At 1 August 2022 71,932
Charge for period 21,691
At 31 August 2023 93,623
NET BOOK VALUE
At 31 August 2023 81,918
At 31 July 2022 103,609

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.7.22
£    £   
Trade debtors 97,362 48,483
Other debtors 25,783 37,076
123,145 85,559

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.7.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 24,183 53,544
Amounts owed to group undertakings 1,282,487 -
Taxation and social security 12,416 (3,289 )
Other creditors 135,876 208,483
1,464,962 268,738

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.7.22
£    £   
Bank loans 18,845 28,250
Other creditors 3,125 921,732
21,970 949,982

Accoil Recycling Limited (Registered number: 08913643)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 31 August 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.7.22
value: £    £   
1,000 ordinary shares £1 1,000 200

11. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 August 2022 160,508 199,989 360,497
Profit for the period 62,050 62,050
At 31 August 2023 222,558 199,989 422,547