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
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
MV RECYCLING (UK) LIMITED
Statement of financial position
as at 30 November 2023
Tangible assets
703,056
530,480
Cash at bank and in hand
408,907
266,969
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
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
MV RECYCLING (UK) LIMITED
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 30 November 2023
441,328
25,263
236,465
703,056
At 30 November 2022
441,328
27,268
61,884
530,480
Amounts falling due within one year
Trade debtors
275,838
385,000
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
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
37,156
45,640
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).