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REGISTERED NUMBER: 09161645 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MULTI WASTE RECYCLING LIMITED

MULTI WASTE RECYCLING LIMITED (REGISTERED NUMBER: 09161645)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MULTI WASTE RECYCLING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M S Lythgoe
Mrs S L Lythgoe





REGISTERED OFFICE: Greenland Works
Coleford Road
Sheffield
S9 5NN





REGISTERED NUMBER: 09161645 (England and Wales)





ACCOUNTANTS: Michael A Jarvis & Co Ltd
Edenthorpe
Grove Road
Rotherham
South Yorkshire
S60 2ER

MULTI WASTE RECYCLING LIMITED (REGISTERED NUMBER: 09161645)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,132,693 813,261

CURRENT ASSETS
Stocks 120,000 120,000
Debtors 5 422,912 436,212
Cash at bank and in hand 210,688 270,564
753,600 826,776
CREDITORS
Amounts falling due within one year 6 1,052,988 927,623
NET CURRENT LIABILITIES (299,388 ) (100,847 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

833,305

712,414

CREDITORS
Amounts falling due after more than one year 7 (222,583 ) (220,178 )

PROVISIONS FOR LIABILITIES (45,384 ) -
NET ASSETS 565,338 492,236

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 565,336 492,234
565,338 492,236

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

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

MULTI WASTE RECYCLING LIMITED (REGISTERED NUMBER: 09161645)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 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 22 November 2024 and were signed on its behalf by:





M S Lythgoe - Director


MULTI WASTE RECYCLING LIMITED (REGISTERED NUMBER: 09161645)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Multi Waste 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 etc - 25% on reducing balance, 20% on reducing balance and 10% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 21 ) .

MULTI WASTE RECYCLING LIMITED (REGISTERED NUMBER: 09161645)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 1,384,644
Additions 608,976
Disposals (128,512 )
At 31 March 2024 1,865,108
DEPRECIATION
At 1 April 2023 571,383
Charge for year 209,385
Eliminated on disposal (48,353 )
At 31 March 2024 732,415
NET BOOK VALUE
At 31 March 2024 1,132,693
At 31 March 2023 813,261

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 417,912 436,212
Other debtors 5,000 -
422,912 436,212

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 233,541 282,623
Hire purchase contracts 127,924 93,175
Trade creditors 486,860 303,220
Taxation and social security 162,197 209,915
Other creditors 42,466 38,690
1,052,988 927,623

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 11,502 91,445
Hire purchase contracts 211,081 128,733
222,583 220,178

MULTI WASTE RECYCLING LIMITED (REGISTERED NUMBER: 09161645)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 168,192 212,543
Bank loans 65,349 70,080
233,541 282,623

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,200 71,200

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,302 20,245

The company drew down funds under the Bounce Back Loan Scheme subject to the standard terms and
conditions set out by HM Treasury.

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 168,192 212,543
Hire purchase contracts 339,005 221,908
507,197 434,451

Factoring advances are secured by a charge on trade debtors and a debenture over other company assets

Obligations under finance leases and hire purchase contracts are secured upon the assets to which they relate .