1 December 2022 false Taxfiler 2024.5 11678700business:PrivateLimitedCompanyLtd2022-12-012023-11-30 116787002022-11-30 116787002022-12-012023-11-30 11678700business:AuditExemptWithAccountantsReport2022-12-012023-11-30 11678700business:FilletedAccounts2022-12-012023-11-30 116787002023-11-30 11678700business:Director12022-12-012023-11-30 11678700business:Director22022-12-012023-11-30 11678700business:RegisteredOffice2022-12-012023-11-30 116787002022-11-30 11678700core:WithinOneYear2023-11-30 11678700core:WithinOneYear2022-11-30 11678700core:AfterOneYear2023-11-30 11678700core:AfterOneYear2022-11-30 11678700core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 11678700core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 11678700core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 11678700core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 11678700core:PreviouslyStatedAmount2023-11-30 11678700core:PreviouslyStatedAmount2022-11-30 11678700business:SmallEntities2022-12-012023-11-30 11678700countries:EnglandWales2022-12-012023-11-30 11678700core:MotorVehicles2022-12-012023-11-30 11678700core:MotorVehicles2022-11-30 11678700core:ComputerEquipment2022-11-30 11678700core:MotorVehicles2023-11-30 11678700core:ComputerEquipment2023-11-30 11678700core:ComputerEquipment2022-12-012023-11-30 116787002021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. 11678700 (England and Wales)
GK RECYCLING LIMITED Unaudited accounts for the year ended 30 November 2023
GK RECYCLING LIMITED Unaudited accounts Contents
Page
- 2 -
GK RECYCLING LIMITED Company Information for the year ended 30 November 2023
Directors
Abdul Ghafoor Soheil Ghafoor
Company Number
11678700 (England and Wales)
Registered Office
3c Pelham Court Pelham Road Nottingham NG5 1AP
Accountants
Syed & Co 33 Bentinck Road Nottingham NG7 4AA
- 3 -
GK RECYCLING LIMITED Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,286 
3,985 
Current assets
Inventories
1,500 
6,000 
Debtors
39,588 
3,809 
Cash at bank and in hand
18,686 
7,058 
59,774 
16,867 
Creditors: amounts falling due within one year
(45,087)
(12,420)
Net current assets
14,687 
4,447 
Total assets less current liabilities
17,973 
8,432 
Creditors: amounts falling due after more than one year
(46,342)
(45,938)
Net liabilities
(28,369)
(37,506)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(28,370)
(37,507)
Shareholders' funds
(28,369)
(37,506)
For the year ending 30 November 2023 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 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 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 of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by
Soheil Ghafoor Director Company Registration No. 11678700
- 4 -
GK RECYCLING LIMITED Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
GK RECYCLING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11678700. The registered office is 3c Pelham Court, Pelham Road, Nottingham, NG5 1AP.
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 remained unchanged from the previous year, and also 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:
Motor vehicles
20% on a reducing balance basis
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
4,000 
2,362 
6,362 
At 30 November 2023
4,000 
2,362 
6,362 
Depreciation
At 1 December 2022
1,952 
425 
2,377 
Charge for the year
409 
290 
699 
At 30 November 2023
2,361 
715 
3,076 
Net book value
At 30 November 2023
1,639 
1,647 
3,286 
At 30 November 2022
2,048 
1,937 
3,985 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
39,588 
3,809 
- 5 -
GK RECYCLING LIMITED Notes to the Accounts for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
2,632 
- 
Trade creditors
28,952 
3,295 
Taxes and social security
2,306 
- 
Other creditors
1,678 
- 
Loans from directors
8,369 
9,125 
Accruals
1,150 
- 
45,087 
12,420 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
46,342 
45,938 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 6 -