Company Registration No. 10747267 (England and Wales)
Innovent Recycling Ltd
Unaudited accounts
for the year ended 30 April 2024
Innovent Recycling Ltd
Unaudited accounts
Contents
Innovent Recycling Ltd
Company Information
for the year ended 30 April 2024
Directors
Ryan Higginson
Jack Cartwright
Alex Pothiawala
Company Number
10747267 (England and Wales)
Registered Office
Unit 4
Hooton Logistics Park
Hooton Road
Ellesmere Port
Cheshire
CH66 7NA
United Kingdom
Accountants
Barnes Cooper Ltd
Offices 3 & 4 The Meadows
Church Road
Dodleston
Chester
CH4 9NG
Innovent Recycling Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
181,089
87,925
Cash at bank and in hand
25,365
12,583
Creditors: amounts falling due within one year
(94,835)
(37,494)
Net current (liabilities)/assets
(47,263)
3,756
Total assets less current liabilities
133,826
91,681
Creditors: amounts falling due after more than one year
(51,323)
(15,003)
Called up share capital
100
100
Profit and loss account
82,403
76,578
Shareholders' funds
82,503
76,678
For the year ending 30 April 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by
Ryan Higginson
Director
Company Registration No. 10747267
Innovent Recycling Ltd
Notes to the Accounts
for the year ended 30 April 2024
Innovent Recycling Ltd is a private company, limited by shares, registered in England and Wales, registration number 10747267. The registered office is Unit 4, Hooton Logistics Park, Hooton Road, Ellesmere Port, Cheshire, CH66 7NA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2023
42,400
61,085
37,111
1,261
141,857
Additions
-
20,928
131,952
646
153,526
At 30 April 2024
42,400
82,013
169,063
1,907
295,383
At 1 May 2023
10,600
27,090
15,280
962
53,932
Charge for the year
7,949
13,731
38,446
236
60,362
At 30 April 2024
18,549
40,821
53,726
1,198
114,294
At 30 April 2024
23,851
41,192
115,337
709
181,089
At 30 April 2023
31,800
33,995
21,831
299
87,925
Innovent Recycling Ltd
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Trade debtors
12,208
15,768
Accrued income and prepayments
1
-
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
47,407
28,006
Taxes and social security
-
246
Loans from directors
27,152
(6,581)
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
51,323
15,003
8
Average number of employees
During the year the average number of employees was 15 (2023: 13).