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REGISTERED NUMBER: 12256341 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Ecotyres Recycling Ltd

Ecotyres Recycling Ltd (Registered number: 12256341)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ecotyres Recycling Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J Eskildsen





REGISTERED OFFICE: Rosebay Road
Littleburn Industrial Estate
Langley Moor
Durham
DH7 8HJ





REGISTERED NUMBER: 12256341 (England and Wales)





ACCOUNTANTS: Haywoods
Kevan Pilling House
1 Myrtle Street
Bolton
Lancashire
BL1 3AH

Ecotyres Recycling Ltd (Registered number: 12256341)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 34,629

CURRENT ASSETS
Debtors 5 150,406 139,813
Cash at bank and in hand 4,859 7,313
155,265 147,126
CREDITORS
Amounts falling due within one year 6 (483,321 ) (465,725 )
NET CURRENT LIABILITIES (328,056 ) (318,599 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(328,056

)

(283,970

)

CREDITORS
Amounts falling due after more than one
year

7

(220,688

)

(224,738

)
NET LIABILITIES (548,744 ) (508,708 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (549,744 ) (509,708 )
(548,744 ) (508,708 )

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 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.

Ecotyres Recycling Ltd (Registered number: 12256341)

Balance Sheet - 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 director and authorised for issue on 30 January 2025 and were signed by:





J Eskildsen - Director


Ecotyres Recycling Ltd (Registered number: 12256341)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Ecotyres Recycling Ltd 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.

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.

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 14 (2023 - 14 ) .

Ecotyres Recycling Ltd (Registered number: 12256341)

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 64,295
Disposals (43,333 )
At 31 March 2024 20,962
DEPRECIATION
At 1 April 2023 29,666
Charge for year 3,607
Eliminated on disposal (12,311 )
At 31 March 2024 20,962
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 34,629

Plant & Machinery was acquired during the period ended 31 March 2021, and is subject to retention of title.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,251 9,053
Other debtors 120,155 130,760
150,406 139,813

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 41,413 12,383
Trade creditors 102,001 156,482
Taxation and social security 170,216 106,775
Other creditors 169,691 190,085
483,321 465,725

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 8,775 12,825
Other creditors 211,913 211,913
220,688 224,738