CATALYTIC RECYCLING UK LTD

Company Registration Number:
09453333 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

CATALYTIC RECYCLING UK LTD

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

CATALYTIC RECYCLING UK LTD

Balance sheet

As at 28 February 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 613,383 656,445
Total fixed assets: 613,383 656,445
Current assets
Stocks: 913,338 796,457
Debtors:   28,054 86,099
Cash at bank and in hand: 69,632 20,991
Total current assets: 1,011,024 903,547
Creditors: amounts falling due within one year:   (174,686) (185,615)
Net current assets (liabilities): 836,338 717,932
Total assets less current liabilities: 1,449,721 1,374,377
Provision for liabilities: (11,164) (13,611)
Total net assets (liabilities): 1,438,557 1,360,766
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,438,457 1,360,666
Shareholders funds: 1,438,557 1,360,766

The notes form part of these financial statements

CATALYTIC RECYCLING UK LTD

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 November 2024
and signed on behalf of the board by:

Name: Marius Mogila
Status: Director

The notes form part of these financial statements

CATALYTIC RECYCLING UK LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises revenues, measured at the fair value of consideration receivable and excluding VAT and discounts, in respect of goods and services supplied during the year.

Tangible fixed assets and depreciation policy

Tangible fixed assets, other than freehold property, are stated at cost less accumulated depreciation and any accumulated impairment losses. Freehold buildings may be stated at revaluation where this can be measured reliably, otherwise at cost, and less accumulated depreciation and any accumulated impairment losses. Depreciation is calculated on a straight-line basis, to allocate the cost less estimated residual value of tangible fixed assets, other than freehold land which is not depreciated, over their expected useful lives at the following rates: Freehold buildings are depreciated at an annual rate of 2 percent Plant and machinery are depreciated at an annual rate of 20 percent Motor vehicles are depreciated at an annual rate of 17 percent Office equipment is depreciated at an annual rate of 33 percent The residual value of assets is reviewed annually, and if there is indication of significant impairment to an asset, its carrying amount is reduced to the estimated recoverable amount. An impairment loss, recognised as the difference in these two amounts, is charged to profit or loss for the year.

Valuation and information policy

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes directly attributable labour and other costs of production. Appropriate provision is made for obsolete or slow-moving items.

Other accounting policies

Leases Leases that are not classified as finance leases are treated as operating leases. Rentals payable under operating leases are charged to profit and loss on a straight-line basis over the term of the lease. The aggregate benefit of any lease incentives are recognised in profit and loss over the lease term on a straight-line basis. Deferred taxation The tax expense for the year comprises undiscounted current and deferred tax, where appropriate. Deferred tax, using the tax rates enacted or substantively enacted by the reporting date, is recognised in respect of all timing differences in comparing when transactions are recognised in the financial statements and when they are recognised for tax purposes. Tax is recognised in profit and loss, unless attributable to other comprehensive income. Pension Costs The company operates a defined contribution scheme for the benefit of its employees. The assets of the scheme are held separately from the company in independently administered funds. Pension payments are recognised as an expense in profit and loss in the period in which they fall due.

CATALYTIC RECYCLING UK LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 2023
Average number of employees during the period 9 11

CATALYTIC RECYCLING UK LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible Assets

Total
Cost £
At 01 March 2023 754,103
Additions 1,042
Disposals (19,100)
At 28 February 2024 736,045
Depreciation
At 01 March 2023 97,658
Charge for year 29,092
On disposals (4,088)
At 28 February 2024 122,662
Net book value
At 28 February 2024 613,383
At 28 February 2023 656,445