Company registration number 5186112 (England and Wales)
Blackthorn Recycling Ltd.
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 July 2024
PAGES FOR FILING WITH REGISTRAR
Blackthorn Recycling Ltd.
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Blackthorn Recycling Ltd.
Statement Of Financial Position
as at 31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
100,554
88,906
Current assets
Debtors
4
4,291
2,093
Cash at bank and in hand
7,395
8,677
11,686
10,770
Creditors: amounts falling due within one year
5
(75,380)
(72,442)
Net current liabilities
(63,694)
(61,672)
Net assets
36,860
27,234
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
36,858
27,232
Total equity
36,860
27,234
For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 23 April 2025
R Thornber
Director
Company registration number 5186112 (England and Wales)
Blackthorn Recycling Ltd.
Notes to the financial statements
for the year ended 31 July 2024
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.
Turnover is recognised on the provision of goods and services.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings Freehold
Not depreciated
Motor vehicles
20% Reducing balance
The director is of the opinion that no depreciation is required in respect of the freehold land and buildings, as a continuous programme of maintenance is carried out and that the carrying value of the freehold land and buildings represents the fair value of the asset.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
Blackthorn Recycling Ltd.
Notes to the financial statements (continued)
for the year ended 31 July 2024
- 3 -
3
Tangible fixed assets
Land and buildings Freehold
Motor vehicles
Total
£
£
£
Valuation
At 1 August 2023
80,000
15,000
95,000
Additions
18,500
18,500
At 31 July 2024
80,000
33,500
113,500
Depreciation and impairment
At 1 August 2023
6,094
6,094
Depreciation charged in the year
6,852
6,852
At 31 July 2024
12,946
12,946
Carrying amount
At 31 July 2024
80,000
20,554
100,554
At 31 July 2023
80,000
8,906
88,906
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
4,291
2,093
5
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
1,220
Other taxation and social security
1,522
1,304
Other creditors
71,088
68,988
Accruals and deferred income
1,550
2,150
75,380
72,442
6
Company information
Blackthorn Recycling Ltd. is a private company limited by shares incorporated in England and Wales. The registered office is Mount Hebron Farm, Scapegoat Hill, Golcar, Huddersfield, West Yorkshire, HD7 4NS.