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Company Registration No. 10506569 (England and Wales)
AKM RECYCLING LIMITED Annual report and unaudited accounts for the year ended 31 December 2024
AKM RECYCLING LIMITED Annual report and unaudited accounts Contents
Page
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AKM RECYCLING LIMITED Company Information for the year ended 31 December 2024
Directors
Peter Ly James tran
Company Number
10506569 (England and Wales)
Registered Office
Unit 14b Caldervale Road Wakefield West Yorkshire WF1 5PE
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AKM RECYCLING LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,944 
26,470 
Investments
29,582 
29,582 
51,526 
56,052 
Current assets
Inventories
153,879 
233,473 
Debtors
70,812 
60,663 
Cash at bank and in hand
(2,032)
(26,499)
222,659 
267,637 
Creditors: amounts falling due within one year
(116,880)
(91,454)
Net current assets
105,779 
176,183 
Total assets less current liabilities
157,305 
232,235 
Creditors: amounts falling due after more than one year
(52,453)
(129,716)
Net assets
104,852 
102,519 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
104,851 
102,518 
Shareholders' funds
104,852 
102,519 
For the year ending 31 December 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 18 February 2025 and were signed on its behalf by
Peter Ly Director Company Registration No. 10506569
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AKM RECYCLING LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
AKM RECYCLING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10506569. The registered office is Unit 14b, Caldervale Road, Wakefield, West Yorkshire, WF1 5PE.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Amended accounts
These are the amended accounts and will replace the statutory accounts that were submitted on the 29th August 2019. These are now the statutory accounts.
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
15% Reducing balance
Computer equipment
25% Straight line
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
21,730 
55,835 
150 
77,715 
At 31 December 2024
21,730 
55,835 
150 
77,715 
Depreciation
At 1 January 2024
16,174 
34,921 
150 
51,245 
Charge for the year
1,389 
3,137 
- 
4,526 
At 31 December 2024
17,563 
38,058 
150 
55,771 
Net book value
At 31 December 2024
4,167 
17,777 
- 
21,944 
At 31 December 2023
5,556 
20,914 
- 
26,470 
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AKM RECYCLING LIMITED Notes to the Accounts for the year ended 31 December 2024
5
Investments
Other investments 
£ 
Valuation at 1 January 2024
29,582 
Valuation at 31 December 2024
29,582 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
29,486 
27,833 
Trade debtors
41,326 
32,830 
70,812 
60,663 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
72,729 
44,693 
Trade creditors
23,017 
25,857 
Taxes and social security
20,134 
19,704 
Accruals
1,000 
1,200 
116,880 
91,454 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
52,453 
129,716 
9
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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