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REGISTERED NUMBER: 13156949 (England and Wales)


Financial Statements for the Year Ended 31 January 2024

for

IT Recycling Group Ltd

IT Recycling Group Ltd (Registered number: 13156949)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IT Recycling Group Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr Zia Fareed
Mrs Naheed Fareed





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
United Kingdom
CV6 4AD





REGISTERED NUMBER: 13156949 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

IT Recycling Group Ltd (Registered number: 13156949)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 347,342 347,342

CURRENT ASSETS
Debtors 5 10,001 10,001
Cash at bank and in hand 334 1,229
10,335 11,230
CREDITORS
Amounts falling due within one year 6 3,034 1,293
NET CURRENT ASSETS 7,301 9,937
TOTAL ASSETS LESS CURRENT
LIABILITIES

354,643

357,279

CREDITORS
Amounts falling due after more than one
year

7

342,000

350,000
NET ASSETS 12,643 7,279

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 12,543 7,179
SHAREHOLDERS' FUNDS 12,643 7,279

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

IT Recycling Group Ltd (Registered number: 13156949)

Balance Sheet - continued
31 January 2024


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 Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:





Mr Zia Fareed - Director


IT Recycling Group Ltd (Registered number: 13156949)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

IT Recycling Group Ltd 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.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 February 2023
and 31 January 2024 347,342
NET BOOK VALUE
At 31 January 2024 347,342
At 31 January 2023 347,342

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 10,001 10,001

IT Recycling Group Ltd (Registered number: 13156949)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Taxation and social security 2,034 793
Other creditors 1,000 500
3,034 1,293

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.24 31.1.23
£    £   
Other creditors 342,000 350,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100