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REGISTERED NUMBER: 04268006 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Cotswold Recycling Company Limited

Cotswold Recycling Company Limited (Registered number: 04268006)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Cotswold Recycling Company Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: R G Cooper





SECRETARY: Mrs E L Cooper





REGISTERED OFFICE: Millmans Farm
Southend
Wotton-Under-Edge
Gloucestershire
GL12 7PD





REGISTERED NUMBER: 04268006 (England and Wales)





ACCOUNTANTS: Stanley Joseph Limited
Chartered Accountants
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST

Cotswold Recycling Company Limited (Registered number: 04268006)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,081,548 4,941,339

CURRENT ASSETS
Debtors 5 335,169 464,781
Cash at bank - 42,491
335,169 507,272
CREDITORS
Amounts falling due within one year 6 1,235,527 1,062,152
NET CURRENT LIABILITIES (900,358 ) (554,880 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,181,190

4,386,459

CREDITORS
Amounts falling due after more than one
year

7

(869,484

)

(1,111,153

)

PROVISIONS FOR LIABILITIES (948,781 ) (921,075 )
NET ASSETS 2,362,925 2,354,231

Cotswold Recycling Company Limited (Registered number: 04268006)

Statement of Financial Position - continued
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,362,825 2,354,131
SHAREHOLDERS' FUNDS 2,362,925 2,354,231

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 24 March 2025 and were signed by:





R G Cooper - Director


Cotswold Recycling Company Limited (Registered number: 04268006)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Cotswold Recycling Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - at variable rates on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Cotswold Recycling Company Limited (Registered number: 04268006)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 5,936,454 18,359 288,330 6,742 6,249,885
Additions 1,490,836 - 19,500 - 1,510,336
Disposals (1,146,109 ) - - - (1,146,109 )
At 31 December 2024 6,281,181 18,359 307,830 6,742 6,614,112
DEPRECIATION
At 1 January 2024 1,191,915 11,511 101,657 3,463 1,308,546
Charge for year 517,726 1,712 50,325 820 570,583
Eliminated on disposal (346,565 ) - - - (346,565 )
At 31 December 2024 1,363,076 13,223 151,982 4,283 1,532,564
NET BOOK VALUE
At 31 December 2024 4,918,105 5,136 155,848 2,459 5,081,548
At 31 December 2023 4,744,539 6,848 186,673 3,279 4,941,339

Cotswold Recycling Company Limited (Registered number: 04268006)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2024 3,746,436 154,485 3,900,921
Additions 1,468,150 - 1,468,150
Disposals (725,443 ) - (725,443 )
Transfer to ownership (452,500 ) (29,397 ) (481,897 )
At 31 December 2024 4,036,643 125,088 4,161,731
DEPRECIATION
At 1 January 2024 358,726 33,699 392,425
Charge for year 352,478 26,321 378,799
Eliminated on disposal (135,244 ) - (135,244 )
Transfer to ownership (100,756 ) (13,895 ) (114,651 )
At 31 December 2024 475,204 46,125 521,329
NET BOOK VALUE
At 31 December 2024 3,561,439 78,963 3,640,402
At 31 December 2023 3,387,710 120,786 3,508,496

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 290,187 443,585
Other debtors 44,982 21,196
335,169 464,781

Cotswold Recycling Company Limited (Registered number: 04268006)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 186,064 50,167
Hire purchase contracts 976,347 920,979
Trade creditors 55,963 44,490
Taxation and social security 2,847 41,010
Other creditors 14,306 5,506
1,235,527 1,062,152

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 20,833 70,833
Hire purchase contracts 848,651 1,040,320
869,484 1,111,153

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the company entered into the following transactions with the director:


Director

20242023

Dividends paid222,024115,000

Capital introduced/(withdrawn)8,425(40,702)

At the period end, the amount due to the director was £9,824 (2023: £1,399).

9. SECURED DEBTS

Creditors include an amount of £1,824,998 (2023 £1,961,299) for which security has been given.