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REGISTERED NUMBER: 08401393 (England and Wales)









RECYCLE SOUTHERN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






RECYCLE SOUTHERN LIMITED (REGISTERED NUMBER: 08401393)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RECYCLE SOUTHERN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: G R Ayling
A J Falzon





SECRETARY: MC Secretaries Limited





REGISTERED OFFICE: Station House
North Street
Havant
Hampshire
PO9 1QU





REGISTERED NUMBER: 08401393 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

RECYCLE SOUTHERN LIMITED (REGISTERED NUMBER: 08401393)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,379 178,649

CURRENT ASSETS
Debtors 5 871,619 851,427
Cash at bank and in hand 720,582 931,477
1,592,201 1,782,904
CREDITORS
Amounts falling due within one year 6 965,255 1,307,724
NET CURRENT ASSETS 626,946 475,180
TOTAL ASSETS LESS CURRENT
LIABILITIES

710,325

653,829

CREDITORS
Amounts falling due after more than one
year

7

(12,237

)

(27,134

)

PROVISIONS FOR LIABILITIES 8 (9,765 ) (32,875 )
NET ASSETS 688,323 593,820

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 688,223 593,720
SHAREHOLDERS' FUNDS 688,323 593,820

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

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

RECYCLE SOUTHERN LIMITED (REGISTERED NUMBER: 08401393)

BALANCE SHEET - continued
31 JULY 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 7 January 2025 and were signed on its behalf by:





A J Falzon - Director


RECYCLE SOUTHERN LIMITED (REGISTERED NUMBER: 08401393)

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

1. STATUTORY INFORMATION

Recycle Southern 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 represents the net value of recycling services provided during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - over the period of the lease
Plant and machinery etc - 25% on reducing balance

Financial instruments
Debtors and cash at bank: Trade and other debtors are recognised at the settlement amount due after any trade discount offered. prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand includes cash on deposit or in a current account.

Creditors and provisions: Creditors and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of economic benefits to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Deferred tax
Deferred tax is recognised in respect of all timing differences at the balance sheet date, except as otherwise required in the paragraphs below.

Unrelieved 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.

Deferred tax shall not be recognised on permanent differences, other than a business combination where assets (other than goodwill) give rise to a deferred tax asset or liability.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

RECYCLE SOUTHERN LIMITED (REGISTERED NUMBER: 08401393)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2023 - 34 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 381,867 404,833 786,700
Additions 1,595 1,700 3,295
Disposals - (25,045 ) (25,045 )
At 31 July 2024 383,462 381,488 764,950
DEPRECIATION
At 1 August 2023 308,768 299,283 608,051
Charge for year 40,288 56,519 96,807
Eliminated on disposal - (23,287 ) (23,287 )
At 31 July 2024 349,056 332,515 681,571
NET BOOK VALUE
At 31 July 2024 34,406 48,973 83,379
At 31 July 2023 73,099 105,550 178,649

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 171,000
DEPRECIATION
At 1 August 2023
and 31 July 2024 171,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 680,676 653,483
Amounts owed by group undertakings 131,371 137,371
Other debtors 59,572 60,573
871,619 851,427

RECYCLE SOUTHERN LIMITED (REGISTERED NUMBER: 08401393)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,213 9,958
Hire purchase contracts 4,684 27,304
Trade creditors 345,449 455,745
Amounts owed to group undertakings 433,997 571,627
Taxation and social security 154,283 225,738
Other creditors 16,629 17,352
965,255 1,307,724

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,237 22,450
Hire purchase contracts - 4,684
12,237 27,134

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 9,765 32,875

Deferred
tax
£   
Balance at 1 August 2023 32,875
Accelerated capital allowances (23,110 )
Balance at 31 July 2024 9,765

9. ULTIMATE CONTROLLING PARTY

The parent company is Delta Holdings Southern Limited registered in England and Wales. The registered office address is Elbridge Farm Recycling Centre, Chichester Road, Bognor Regis, West Sussex, PO21 5EF. This is the same address for the principal place of business.

The ultimate controlling party is the board of directors.