1 January 2023 false No description of principal activity Taxfiler 2024.5 10506569business:PrivateLimitedCompanyLtd2023-01-012023-12-31 105065692022-12-31 105065692023-01-012023-12-31 10506569business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 10506569business:FilletedAccounts2023-01-012023-12-31 105065692023-12-31 10506569business:Director12023-01-012023-12-31 10506569business:Director22023-01-012023-12-31 10506569business:RegisteredOffice2023-01-012023-12-31 105065692022-12-31 10506569core:WithinOneYear2023-12-31 10506569core:WithinOneYear2022-12-31 10506569core:AfterOneYear2023-12-31 10506569core:AfterOneYear2022-12-31 10506569core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 10506569core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 10506569core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 10506569core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 10506569core:PreviouslyStatedAmount2023-12-31 10506569core:PreviouslyStatedAmount2022-12-31 10506569business:SmallEntities2023-01-012023-12-31 10506569countries:EnglandWales2023-01-012023-12-31 10506569core:PlantMachinery2023-01-012023-12-31 10506569core:FurnitureFittings2023-01-012023-12-31 10506569core:ComputerEquipment2023-01-012023-12-31 10506569core:PlantMachinery2022-12-31 10506569core:FurnitureFittings2022-12-31 10506569core:ComputerEquipment2022-12-31 10506569core:PlantMachinery2023-12-31 10506569core:FurnitureFittings2023-12-31 10506569core:ComputerEquipment2023-12-31 105065692022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 10506569 (England and Wales)
AKM RECYCLING LIMITED Annual report and unaudited accounts for the year ended 31 December 2023
AKM RECYCLING LIMITED Annual report and unaudited accounts Contents
Page
- 2 -
AKM RECYCLING LIMITED Company Information for the year ended 31 December 2023
Directors
Peter Ly James tran
Company Number
10506569 (England and Wales)
Registered Office
Unit 14b Caldervale Road Wakefield West Yorkshire WF1 5PE
- 3 -
AKM RECYCLING LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
26,470 
32,013 
Investments
29,582 
29,582 
56,052 
61,595 
Current assets
Inventories
233,473 
231,488 
Debtors
60,663 
241,967 
Cash at bank and in hand
(26,499)
(29,804)
267,637 
443,651 
Creditors: amounts falling due within one year
(91,454)
(183,222)
Net current assets
176,183 
260,429 
Total assets less current liabilities
232,235 
322,024 
Creditors: amounts falling due after more than one year
(129,716)
(219,100)
Net assets
102,519 
102,924 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
102,518 
102,923 
Shareholders' funds
102,519 
102,924 
For the year ending 31 December 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 17 September 2024 and were signed on its behalf by
Peter Ly Director Company Registration No. 10506569
- 4 -
AKM RECYCLING LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
AKM RECYCLING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10506569. The registered office is Unit 14b, Caldervale Road, Wakefield, West Yorkshire, WF1 5PE.
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.
Amended accounts
These are the amended accounts and will replace the statutory accounts that were submitted on the 29th August 2019. These are now the statutory accounts.
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
25% Reducing balance
Fixtures & fittings
15% Reducing balance
Computer equipment
25% Straight line
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
21,730 
55,835 
150 
77,715 
At 31 December 2023
21,730 
55,835 
150 
77,715 
Depreciation
At 1 January 2023
14,322 
31,230 
150 
45,702 
Charge for the year
1,852 
3,691 
- 
5,543 
At 31 December 2023
16,174 
34,921 
150 
51,245 
Net book value
At 31 December 2023
5,556 
20,914 
- 
26,470 
At 31 December 2022
7,408 
24,605 
- 
32,013 
- 5 -
AKM RECYCLING LIMITED Notes to the Accounts for the year ended 31 December 2023
5
Investments
Other investments 
£ 
Valuation at 1 January 2023
29,582 
Valuation at 31 December 2023
29,582 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
27,833 
63,799 
Trade debtors
32,830 
178,168 
60,663 
241,967 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
44,693 
- 
Trade creditors
25,857 
163,784 
Taxes and social security
19,704 
18,438 
Accruals
1,200 
1,000 
91,454 
183,222 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
129,716 
219,100 
9
Average number of employees
During the year the average number of employees was 8 (2022: 8).
- 6 -