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REGISTERED NUMBER: SC397897 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

H. N. RECYCLING LIMITED

H. N. RECYCLING LIMITED (REGISTERED NUMBER: SC397897)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H. N. RECYCLING LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: H J Christoffersen
N E Christoffersen



REGISTERED OFFICE: 22 Backbrae Street
Kilsyth
Glasgow
G65 0NH



REGISTERED NUMBER: SC397897 (Scotland)



ACCOUNTANTS: Curle & Co
Chartered Accountants
22 Backbrae Street
Kilsyth
G65 0NH



BANKERS: Bank of Scotland
The Direct Business
PO Box 1000
Edinburgh
BX2 1LB

H. N. RECYCLING LIMITED (REGISTERED NUMBER: SC397897)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,355 26,914

CURRENT ASSETS
Debtors 5 87,203 2,741
Cash at bank 68,651 20,054
155,854 22,795
CREDITORS
Amounts falling due within one year 6 127,275 50,484
NET CURRENT ASSETS/(LIABILITIES) 28,579 (27,689 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,934

(775

)

CREDITORS
Amounts falling due after more than one
year

7

2,054

4,745
NET ASSETS/(LIABILITIES) 46,880 (5,520 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 46,680 (5,720 )
SHAREHOLDERS' FUNDS 46,880 (5,520 )

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 directors acknowledge their 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.

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.

H. N. RECYCLING LIMITED (REGISTERED NUMBER: SC397897)

BALANCE SHEET - continued
31 March 2024



The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





N E Christoffersen - Director


H. N. RECYCLING LIMITED (REGISTERED NUMBER: SC397897)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

H. N. Recycling Limited is a private company, limited by shares , registered in Scotland. 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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost

Taxation
Taxation for the year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 19,595 3,950 33,000 56,545
DEPRECIATION
At 1 April 2023 17,740 3,172 8,719 29,631
Charge for year 371 117 6,071 6,559
At 31 March 2024 18,111 3,289 14,790 36,190
NET BOOK VALUE
At 31 March 2024 1,484 661 18,210 20,355
At 31 March 2023 1,855 778 24,281 26,914

H. N. RECYCLING LIMITED (REGISTERED NUMBER: SC397897)

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:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 31,000
DEPRECIATION
At 1 April 2023 7,750
Charge for year 5,813
At 31 March 2024 13,563
NET BOOK VALUE
At 31 March 2024 17,437
At 31 March 2023 23,250

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 85,952 2,741
Prepayments 1,251 -
87,203 2,741

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 2,691 2,691
Trade creditors 29,267 -
Tax 12,272 -
Social security and other taxes (2,071 ) (2,071 )
VAT 13,058 459
Directors' current accounts 41,264 31,271
Accrued expenses 30,794 18,134
127,275 50,484

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 2,054 4,745

8. ULTIMATE CONTROLLING PARTY

The controlling party is H J Christoffersen.

The Directors own and control the company.