Ecotrans - Uk Recycling Ltd. 09628259 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is recycling collection. Digita Accounts Production Advanced 6.30.9574.0 true true 09628259 2023-07-01 2024-06-30 09628259 2024-06-30 09628259 bus:OrdinaryShareClass1 2024-06-30 09628259 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-06-30 09628259 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-06-30 09628259 core:CurrentFinancialInstruments 2024-06-30 09628259 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 09628259 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 09628259 core:ConstructionInProgressAssetsUnderConstruction 2024-06-30 09628259 core:FurnitureFittings 2024-06-30 09628259 core:MotorVehicles 2024-06-30 09628259 core:OfficeEquipment 2024-06-30 09628259 bus:SmallEntities 2023-07-01 2024-06-30 09628259 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 09628259 bus:FullAccounts 2023-07-01 2024-06-30 09628259 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 09628259 bus:RegisteredOffice 2023-07-01 2024-06-30 09628259 bus:Director1 2023-07-01 2024-06-30 09628259 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 09628259 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09628259 core:ComputerEquipment 2023-07-01 2024-06-30 09628259 core:ConstructionInProgressAssetsUnderConstruction 2023-07-01 2024-06-30 09628259 core:FurnitureFittings 2023-07-01 2024-06-30 09628259 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 09628259 core:MotorVehicles 2023-07-01 2024-06-30 09628259 core:OfficeEquipment 2023-07-01 2024-06-30 09628259 core:PlantMachinery 2023-07-01 2024-06-30 09628259 countries:EnglandWales 2023-07-01 2024-06-30 09628259 2023-06-30 09628259 core:ConstructionInProgressAssetsUnderConstruction 2023-06-30 09628259 core:FurnitureFittings 2023-06-30 09628259 core:MotorVehicles 2023-06-30 09628259 core:OfficeEquipment 2023-06-30 09628259 2022-07-01 2023-06-30 09628259 2023-06-30 09628259 bus:OrdinaryShareClass1 2023-06-30 09628259 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-06-30 09628259 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-06-30 09628259 core:CurrentFinancialInstruments 2023-06-30 09628259 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 09628259 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 09628259 core:ConstructionInProgressAssetsUnderConstruction 2023-06-30 09628259 core:FurnitureFittings 2023-06-30 09628259 core:MotorVehicles 2023-06-30 09628259 core:OfficeEquipment 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09628259

Ecotrans - Uk Recycling Ltd.

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Ecotrans - Uk Recycling Ltd.

Contents

Company Information

1

Director's Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 10

 

Ecotrans - Uk Recycling Ltd.

Company Information





 

Director




 

Mr Spencer Winston Linehan

Registered office





 

T8/9 Brooke's Mill
Armitage Bridge
Huddersfield
West Yorkshire
HD4 7NR

Accountants

D & A Hill
No.18 T8/9 Brooke's Mill
Armitage Bridge
Huddersfield
West Yorkshire
HD4 7NR

 

Ecotrans - Uk Recycling Ltd.

Director's Report
for the Year Ended 30 June 2024

The director presents his report and the financial statements for the year ended 30 June 2024.

Director of the company

The director who held office during the year was as follows:

Mr Spencer Winston Linehan

Principal activity

The principal activity of the company is recycling collection.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 19 August 2024
 

.........................................
Mr Spencer Winston Linehan
Director

 

Ecotrans - Uk Recycling Ltd.

(Registration number: 09628259 )
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

78,714

86,191

Current assets

 

Stocks

6

24,750

25,000

Debtors

7

24,426

42,834

Cash at bank and in hand

 

43,006

46,123

 

92,182

113,957

Creditors: Amounts falling due within one year

8

(47,103)

(86,409)

Net current assets

 

45,079

27,548

Total assets less current liabilities

 

123,793

113,739

Creditors: Amounts falling due after more than one year

8

(11,859)

(13,838)

Net assets

 

111,934

99,901

Capital and reserves

 

Called up share capital

9

10

10

Retained earnings

111,924

99,891

Shareholders' funds

 

111,934

99,901

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 August 2024
 

 

Ecotrans - Uk Recycling Ltd.

(Registration number: 09628259 )
Balance Sheet as at 30 June 2024

.........................................
Mr Spencer Winston Linehan
Director

 

Ecotrans - Uk Recycling Ltd.

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
T8/9 Brooke's Mill
Armitage Bridge
Huddersfield
West Yorkshire
HD4 7NR
United Kingdom

These financial statements were authorised for issue by the director on 19 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Ecotrans - Uk Recycling Ltd.

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Trailers

25% on reducing balance

Motor vehicles

25% on reducing balance

Computer equipment

33% on reducing balance

Portacabin

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Ecotrans - Uk Recycling Ltd.

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 11 (2023 - 14).

4

Profit/loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

26,274

28,837

 

Ecotrans - Uk Recycling Ltd.

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024

5

Tangible assets

Portacabin
 £

Trailers
£

Computer equipment
£

Motor vehicles
 £

Cost or valuation

At 1 July 2023

2,585

40,005

4,380

157,608

Additions

-

-

-

36,000

Disposals

-

-

-

(26,000)

At 30 June 2024

2,585

40,005

4,380

167,608

Depreciation

At 1 July 2023

1,347

29,868

2,492

84,680

Charge for the year

186

2,534

623

22,931

Eliminated on disposal

-

-

-

(8,797)

At 30 June 2024

1,533

32,402

3,115

98,814

Carrying amount

At 30 June 2024

1,052

7,603

1,265

68,794

At 30 June 2023

1,238

10,137

1,888

72,928

Total
£

Cost or valuation

At 1 July 2023

204,578

Additions

36,000

Disposals

(26,000)

At 30 June 2024

214,578

Depreciation

At 1 July 2023

118,387

Charge for the year

26,274

Eliminated on disposal

(8,797)

At 30 June 2024

135,864

Carrying amount

At 30 June 2024

78,714

At 30 June 2023

86,191

 

Ecotrans - Uk Recycling Ltd.

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024

6

Stocks

2024
£

2023
£

Other inventories

24,750

25,000

7

Debtors

Current

2024
£

2023
£

Trade debtors

15,875

42,834

Other debtors

8,551

-

 

24,426

42,834

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

16,748

11,701

Taxation and social security

 

11,617

55,263

Accruals and deferred income

 

10,132

10,373

Other creditors

 

8,606

9,072

 

47,103

86,409

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

11,859

13,838

 

Ecotrans - Uk Recycling Ltd.

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024

9

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

         

10

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Hire purchase contracts

11,859

13,838

2024
£

2023
£

Current loans and borrowings

Hire purchase contracts

16,748

11,701