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Company Registration No. 07079676 (England and Wales)
MV RECYCLING (UK) LIMITED Unaudited accounts for the year ended 30 November 2023
MV RECYCLING (UK) LIMITED Unaudited accounts Contents
Page
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MV RECYCLING (UK) LIMITED Company Information for the year ended 30 November 2023
Director
Noormohammed Adam Master
Company Number
07079676 (England and Wales)
Registered Office
Building 18 Higham Side Road Inskip Preston PR4 0TL
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MV RECYCLING (UK) LIMITED Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
703,056 
530,480 
Current assets
Debtors
288,945 
430,088 
Cash at bank and in hand
408,907 
266,969 
697,852 
697,057 
Creditors: amounts falling due within one year
(442,084)
(406,203)
Net current assets
255,768 
290,854 
Total assets less current liabilities
958,824 
821,334 
Creditors: amounts falling due after more than one year
(67,085)
(85,341)
Net assets
891,739 
735,993 
Capital and reserves
Called up share capital
2 
2 
Capital contribution reserve
212,396 
212,396 
Profit and loss account
679,341 
523,595 
Shareholders' funds
891,739 
735,993 
For the year ending 30 November 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 director acknowledges his 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 and authorised for issue on 2 September 2024 and were signed on its behalf by
Noormohammed Adam Master Director Company Registration No. 07079676
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MV RECYCLING (UK) LIMITED Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
MV RECYCLING (UK) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07079676. The registered office is Building 18, Higham Side Road, Inskip, Preston, PR4 0TL.
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.
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:
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
441,328 
40,100 
111,867 
593,295 
Additions
- 
- 
233,697 
233,697 
At 30 November 2023
441,328 
40,100 
345,564 
826,992 
Depreciation
At 1 December 2022
- 
12,832 
49,983 
62,815 
Charge for the year
- 
2,005 
59,116 
61,121 
At 30 November 2023
- 
14,837 
109,099 
123,936 
Net book value
At 30 November 2023
441,328 
25,263 
236,465 
703,056 
At 30 November 2022
441,328 
27,268 
61,884 
530,480 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
13,107 
45,088 
Trade debtors
275,838 
385,000 
288,945 
430,088 
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MV RECYCLING (UK) LIMITED Notes to the Accounts for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
400,917 
381,627 
Taxes and social security
25,614 
19,962 
Other creditors
2,648 
2,305 
Loans from directors
10,825 
229 
Accruals
2,080 
2,080 
442,084 
406,203 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
29,929 
39,701 
Obligations under finance leases and hire purchase contracts
37,156 
45,640 
67,085 
85,341 
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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