Company Registration No. 14084373 (England and Wales)
Redditch Vehicle Recycling Ltd
Unaudited accounts
for the year ended 31 May 2024
Redditch Vehicle Recycling Ltd
Unaudited accounts
Contents
Redditch Vehicle Recycling Ltd
Company Information
for the year ended 31 May 2024
Company Number
14084373 (England and Wales)
Registered Office
Unit 4 Lakeside Trading Centre
Beoley Road East
Redditch
B98 8PE
England
Redditch Vehicle Recycling Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
38,316
35,690
Cash at bank and in hand
8,138
1,050
Creditors: amounts falling due within one year
(9,266)
(3,438)
Net current assets
14,468
7,017
Total assets less current liabilities
52,784
42,707
Creditors: amounts falling due after more than one year
(119,350)
(83,040)
Net liabilities
(66,566)
(40,333)
Profit and loss account
(66,566)
(40,333)
Shareholders' funds
(66,566)
(40,333)
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 15 February 2025 and were signed on its behalf by
IAN PARKES
Director
Company Registration No. 14084373
Redditch Vehicle Recycling Ltd
Notes to the Accounts
for the year ended 31 May 2024
Redditch Vehicle Recycling Ltd is a private company, limited by shares, registered in England and Wales, registration number 14084373. The registered office is Unit 4 Lakeside Trading Centre, Beoley Road East, Redditch, B98 8PE, England.
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:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
5,326
36,539
2,755
44,620
Additions
-
14,446
-
14,446
At 31 May 2024
5,326
50,985
2,755
59,066
At 1 June 2023
1,071
7,308
551
8,930
Charge for the year
1,071
10,198
551
11,820
At 31 May 2024
2,142
17,506
1,102
20,750
At 31 May 2024
3,184
33,479
1,653
38,316
At 31 May 2023
4,255
29,231
2,204
35,690
Redditch Vehicle Recycling Ltd
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,830
-
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
119,350
83,040
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).