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REGISTERED NUMBER: 06998910 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

HIXON RECYCLING LIMITED

HIXON RECYCLING LIMITED (REGISTERED NUMBER: 06998910)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HIXON RECYCLING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr N P Bennett
Mr T Smith





REGISTERED OFFICE: The Old Coach House
Horse Fair
Rugeley
Staffordshire
WS15 2EL





REGISTERED NUMBER: 06998910 (England and Wales)





ACCOUNTANT: Wynniatt-Husey Ltd
Chartered Accountants
The Old Coach House
Horsefair
Rugeley
Staffordshire
WS15 2EL

HIXON RECYCLING LIMITED (REGISTERED NUMBER: 06998910)

BALANCE SHEET
31 OCTOBER 2023

31.10.22 31.10.23
£    £    Notes £    £   
FIXED ASSETS
1,861 Tangible assets 4 6,248

CURRENT ASSETS
82,500 Stocks 5 92,000
5,701 Debtors 6 10,298
19,934 Cash at bank 3,234
108,135 105,532
CREDITORS
62,052 Amounts falling due within one year 7 67,823
46,083 NET CURRENT ASSETS 37,709
47,944 TOTAL ASSETS LESS CURRENT
LIABILITIES

43,957

354 PROVISIONS FOR LIABILITIES 8 1,108
47,590 NET ASSETS 42,849

CAPITAL AND RESERVES
2 Called up share capital 9 2
47,588 Retained earnings 42,847
47,590 SHAREHOLDERS' FUNDS 42,849

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

HIXON RECYCLING LIMITED (REGISTERED NUMBER: 06998910)

BALANCE SHEET - continued
31 OCTOBER 2023


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 2 August 2024 and were signed on its behalf by:




Mr T Smith - Director



Mr N P Bennett - Director


HIXON RECYCLING LIMITED (REGISTERED NUMBER: 06998910)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Hixon Recycling Limited 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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

HIXON RECYCLING LIMITED (REGISTERED NUMBER: 06998910)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
Totals machinery fittings vehicles equipment
£    £    £    £    £   
COST
At 1 November 2022 3,175 2,000 1,042 - 133
Additions 5,000 - - 5,000 -
At 31 October 2023 8,175 2,000 1,042 5,000 133
DEPRECIATION
At 1 November 2022 1,314 700 486 - 128
Charge for year 613 400 208 - 5
At 31 October 2023 1,927 1,100 694 - 133
NET BOOK VALUE
At 31 October 2023 6,248 900 348 5,000 -
At 31 October 2022 1,861 1,300 556 - 5

5. STOCKS
31.10.23 31.10.22
£    £   
Stocks 92,000 82,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 9,623 5,026
Prepayments 675 675
10,298 5,701

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 2,666 4,737
Tax - 10,731
Social security and other taxes 605 449
Wages Control 151 -
Pension Control 90 192
VAT 3,964 5,848
Other creditors 219 -
Directors' current accounts 58,928 39,095
Accrued expenses 1,200 1,000
67,823 62,052

HIXON RECYCLING LIMITED (REGISTERED NUMBER: 06998910)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

8. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax 1,108 354

Deferred
tax
£   
Balance at 1 November 2022 354
Charge to Income Statement during year 754
Balance at 31 October 2023 1,108

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
2 Ordinary £1.00 2 2