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REGISTERED NUMBER: 14088693 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

L T H RECYCLING LIMITED

L T H RECYCLING LIMITED (REGISTERED NUMBER: 14088693)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


L T H RECYCLING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: L Riley





REGISTERED OFFICE: 33-35 Exchange Street
Driffield
East Yorkshire
YO25 6LL





REGISTERED NUMBER: 14088693 (England and Wales)





ACCOUNTANTS: Jackson Robson Licence Limited
33-35 Exchange Street
Driffield
East Yorkshire
YO25 6LL

L T H RECYCLING LIMITED (REGISTERED NUMBER: 14088693)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 165,067 155,368

CURRENT ASSETS
Debtors 5 339 -
Cash at bank 48,723 80,961
49,062 80,961
CREDITORS
Amounts falling due within one year 6 89,336 87,488
NET CURRENT LIABILITIES (40,274 ) (6,527 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,793

148,841

PROVISIONS FOR LIABILITIES 30,113 20,926
NET ASSETS 94,680 127,915

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 94,580 127,815
94,680 127,915

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

L T H RECYCLING LIMITED (REGISTERED NUMBER: 14088693)

BALANCE SHEET - continued
31 MAY 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 director and authorised for issue on 8 January 2025 and were signed by:





L Riley - Director


L T H RECYCLING LIMITED (REGISTERED NUMBER: 14088693)

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

1. STATUTORY INFORMATION

L T H 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 - 33% on cost, 20% on reducing balance and 15% on reducing balance

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.

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 4 (2023 - 4 ) .

L T H RECYCLING LIMITED (REGISTERED NUMBER: 14088693)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 185,625
Additions 54,428
Disposals (14,500 )
At 31 May 2024 225,553
DEPRECIATION
At 1 June 2023 30,257
Charge for year 33,129
Eliminated on disposal (2,900 )
At 31 May 2024 60,486
NET BOOK VALUE
At 31 May 2024 165,067
At 31 May 2023 155,368

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 339 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,379 -
Taxation and social security 28,141 23,002
Other creditors 54,816 64,486
89,336 87,488

7. RESERVES
Retained
earnings
£   

At 1 June 2023 127,815
Deficit for the year (5,735 )
Dividends (27,500 )
At 31 May 2024 94,580

L T H RECYCLING LIMITED (REGISTERED NUMBER: 14088693)

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

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £27,500 (2023 - £28,500) were paid to the director .

As at 31/05/2024 the Company owed the director £29,560 (2023: £2,986)

This loan is interest free, £27,500 was repaid on 29/09/2024