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Registered Number: 08069374
England and Wales

 

 

 

L & K RECYCLING PROPERTY LTD


Abridged Accounts
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of L & K Recycling Property Ltd for the year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of L & K Recycling Property Ltd for the year ended 31 December 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance This report is made solely to the Board of Directors of L & K Recycling Property Ltd, as a body, in accordance with the terms of our engagement letter.

Our work has been undertaken solely to prepare for your approval the accounts of L & K Recycling Property Ltd and state those matters that we have agreed to state to the Board of Directors of L & K Recycling Property Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than L & K Recycling Property Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that L & K Recycling Property Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of L & K Recycling Property Ltd. You consider that L & K Recycling Property Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of L & K Recycling Property Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts for the year ended 31 December 2024. 



....................................................

Chawton Hector

2 Maules Gardens
Bristol
Avon
BS34 8AN

03 March 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 1,641,654    1,634,231 
1,641,654    1,634,231 
Current assets      
Debtors 30,110    24,932 
Cash at bank and in hand 6,390    14,411 
36,500    39,343 
Creditors: amount falling due within one year (370,303)   (491,378)
Net current assets (333,803)   (452,035)
 
Total assets less current liabilities 1,307,851    1,182,196 
Creditors: amount falling due after more than one year (624,305)   (470,002)
Net assets 683,546    712,194 
 

Capital and reserves
     
Called up share capital 2    2 
Revaluation reserves 4 462,631    462,631 
Profit and loss account 220,913    249,561 
Shareholders' funds 683,546    712,194 
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 03 March 2025 and were signed on its behalf by:


-------------------------------
Sarah Willson
Director
2
General Information
L & K Recycling Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 08069374, registration address Bramble Cottage, Spring Lane, Clifton Reynes, MK46 5DS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Motor Vehicles   Investment properties   Total
  £   £   £   £   £
At 01 January 2024 100,000    54,045    30,130    1,475,000    1,659,175 
Additions 300,750    32,550        333,300 
Disposals       (300,000)   (300,000)
At 31 December 2024 400,750    86,595    30,130    1,175,000    1,692,475 
Depreciation
At 01 January 2024   17,412    7,533      24,945 
Charge for year   20,227    5,649      25,876 
On disposals        
At 31 December 2024   37,639    13,182      50,821 
Net book values
Closing balance as at 31 December 2024 400,750    48,956    16,948    1,175,000    1,641,654 
Opening balance as at 01 January 2024   36,634    22,597    1,575,000    1,634,231 

Investment properties
The last valuation was carried out in December 2022. In the directors' opinion the value of investment properties has not changed significantly, therefore no fair value adjustment has been made in the current period under review.

3