LOCAL TO GLOBAL TEXTILE RECYCLING LTD

Company Registration Number:
14080948 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

LOCAL TO GLOBAL TEXTILE RECYCLING LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

LOCAL TO GLOBAL TEXTILE RECYCLING LTD

Company Information

for the Period Ended 31 May 2024




Director: Sarshar Alvi
Registered office: B7
Park Road
Bestwood Business Park
Nottingham
England
NG6 8TQ
Company Registration Number: 14080948 (England and Wales)

LOCAL TO GLOBAL TEXTILE RECYCLING LTD

Directors' Report Period Ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Directors

The director(s) shown below were appointed to the company during the period
Sarshar Alvi
01 June 2023

This report was approved by the board of directors on 8 February 2025
And Signed On Behalf Of The Board By:

Name: Sarshar Alvi
Status: Director

LOCAL TO GLOBAL TEXTILE RECYCLING LTD

Profit and Loss Account

for the Period Ended 31 May 2024


Notes

2024
£
13 months to
31 May 2023
£
Turnover 42,622 39,268
Cost of sales ( 42,640 ) ( 38,505 )
Gross Profit or (Loss) ( 18 ) 763
Income from coronavirus (COVID-19) business support grants 0 0
Operating Profit or (Loss) ( 18 ) 763
Profit or (Loss) Before Tax ( 18 ) 763
Tax on Profit - ( 134 )
Profit or (Loss) for Period ( 18 ) 629

The notes form part of these financial statements

LOCAL TO GLOBAL TEXTILE RECYCLING LTD

Balance sheet

As at 31 May 2024


Notes

2024
£
13 months to
31 May 2023
£
Fixed assets
Tangible assets: 4 3,460 3,460
Total fixed assets: 3,460 3,460
Current assets
Stocks: 9,000
Cash at bank and in hand: 4,012
Total current assets: 13,012
Prepayments and accrued income: 26,000
Creditors: amounts falling due within one year: 5 ( 42,454 )
Net current assets (liabilities): ( 3,442 )
Total assets less current liabilities: 18 3,460
Total net assets (liabilities): 18 3,460

The notes form part of these financial statements

LOCAL TO GLOBAL TEXTILE RECYCLING LTD

Balance sheet continued

As at 31 May 2024


Notes

2024
£
13 months to
31 May 2023
£
Capital and reserves
Called up share capital: 18 3,460
Shareholders funds: 18 3,460

For the year ending 31 May 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 8 February 2025
And Signed On Behalf Of The Board By:

Name: Sarshar Alvi
Status: Director

The notes form part of these financial statements

LOCAL TO GLOBAL TEXTILE RECYCLING LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

LOCAL TO GLOBAL TEXTILE RECYCLING LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees


    2024
    13 months to
    31 May 2023
    Average number of employees during the period 0 0

LOCAL TO GLOBAL TEXTILE RECYCLING LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 3. Off balance sheet disclosure

    No

LOCAL TO GLOBAL TEXTILE RECYCLING LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Tangible assets

Plant & machinery Fixtures & fittings Total
Cost £ £ £
At 01 June 2023 3,000 460 3,460
Additions - - -
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 May 2024 3,000 460 3,460
Depreciation
At 01 June 2023 - - -
Charge for year - - -
On disposals - - -
Other adjustments - - -
At 31 May 2024 - - -
Net book value
At 31 May 2024 3,000 460 3,460
At 31 May 2023 3,000 460 3,460

LOCAL TO GLOBAL TEXTILE RECYCLING LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

5.Creditors: amounts falling due within one year note


2024
£
13 months to
31 May 2023
£
Trade creditors 42,454
Total 42,454