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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

RECYCALLOY LIMITED

RECYCALLOY LIMITED (REGISTERED NUMBER: 01378666)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

RECYCALLOY LIMITED

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTORS: Mr J E Adams
Mr S M Lister





SECRETARY: Mr J E Adams





REGISTERED OFFICE: Unit 3
Pye Bridge Industrial Estate
Pye Bridge
Derbyshire
DE55 4NX





REGISTERED NUMBER: 01378666 (England and Wales)





ACCOUNTANTS: Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN

RECYCALLOY LIMITED (REGISTERED NUMBER: 01378666)

BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 219,085 208,372

CURRENT ASSETS
Stocks 1,465,376 1,596,215
Debtors 5 2,062,986 1,787,858
Cash at bank and in hand 41 211,012
3,528,403 3,595,085
CREDITORS
Amounts falling due within one year 6 1,467,796 1,409,207
NET CURRENT ASSETS 2,060,607 2,185,878
TOTAL ASSETS LESS CURRENT LIABILITIES 2,279,692 2,394,250

PROVISIONS FOR LIABILITIES 13,575 10,220
NET ASSETS 2,266,117 2,384,030

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Revaluation reserve 7 105,334 106,354
Retained earnings 2,060,783 2,177,676
SHAREHOLDERS' FUNDS 2,266,117 2,384,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 January 2025 and were signed on its behalf by:





Mr S M Lister - Director


RECYCALLOY LIMITED (REGISTERED NUMBER: 01378666)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Recycalloy 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

We prepare the accounts on a going concern basis and deem this appropriate. We do not consider that a material uncertainty about our going concern status currently exists. In making this assessment we have considered the likely trading conditions for a period of twelve months from the date of our approval of these accounts

Preparation of consolidated financial statements
The financial statements contain information about Recycalloy Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance

The company has taken advantage of the transitional rules available under FRS 102 and has adopted the revalued amount as the deemed 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.

RECYCALLOY LIMITED (REGISTERED NUMBER: 01378666)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 16 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 202,400 155,188 357,588
Additions - 34,400 34,400
Disposals - (21,220 ) (21,220 )
At 30 June 2024 202,400 168,368 370,768
DEPRECIATION
At 1 July 2023 34,909 114,307 149,216
Charge for year 3,191 18,416 21,607
Eliminated on disposal - (19,140 ) (19,140 )
At 30 June 2024 38,100 113,583 151,683
NET BOOK VALUE
At 30 June 2024 164,300 54,785 219,085
At 30 June 2023 167,491 40,881 208,372

Included in cost of land and buildings is freehold land of £ 42,840 (2023 - £ 42,840 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 2,013,657 1,738,644
Other debtors 49,329 49,214
2,062,986 1,787,858

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 39,004 -
Trade creditors 1,252,280 1,247,238
Taxation and social security 67,941 55,528
Other creditors 108,571 106,441
1,467,796 1,409,207

RECYCALLOY LIMITED (REGISTERED NUMBER: 01378666)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

7. RESERVES
Revaluation
reserve
£   
At 1 July 2023 106,354
Transfer to profit and loss
account (1,020 )

At 30 June 2024 105,334

The company has taken advantage of the transitional options on conversion to FRS102 and has adopted the last valuation as it's deemed cost.

8. INVESTMENTS

Recycalloy holds a 100% interest in the subsidiary Recycalloy Developments Limited. This company is dormant and has a balance sheet value of £nil. The value of the investment shown has been written down to nil to reflect the status of the dormant investment

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RECYCALLOY LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Recycalloy Limited for the year ended 30 June 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Recycalloy Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Recycalloy Limited and state those matters that we have agreed to state to the Board of Directors of Recycalloy Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Recycalloy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Recycalloy Limited. You consider that Recycalloy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Recycalloy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN


Date: .............................................