Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31false12024-01-01No description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08328010 2024-01-01 2024-12-31 08328010 2023-01-01 2023-12-31 08328010 2024-12-31 08328010 2023-12-31 08328010 2023-01-01 08328010 c:Director2 2024-01-01 2024-12-31 08328010 d:PlantMachinery 2024-01-01 2024-12-31 08328010 d:PlantMachinery 2024-12-31 08328010 d:PlantMachinery 2023-12-31 08328010 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08328010 d:MotorVehicles 2024-01-01 2024-12-31 08328010 d:MotorVehicles 2024-12-31 08328010 d:MotorVehicles 2023-12-31 08328010 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08328010 d:OfficeEquipment 2024-01-01 2024-12-31 08328010 d:OfficeEquipment 2024-12-31 08328010 d:OfficeEquipment 2023-12-31 08328010 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08328010 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08328010 d:CurrentFinancialInstruments 2024-12-31 08328010 d:CurrentFinancialInstruments 2023-12-31 08328010 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 08328010 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08328010 d:ShareCapital 2024-12-31 08328010 d:ShareCapital 2023-12-31 08328010 d:RetainedEarningsAccumulatedLosses 2024-12-31 08328010 d:RetainedEarningsAccumulatedLosses 2023-12-31 08328010 c:EntityNoLongerTradingButTradedInPast 2024-01-01 2024-12-31 08328010 c:FRS102 2024-01-01 2024-12-31 08328010 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08328010 c:FullAccounts 2024-01-01 2024-12-31 08328010 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08328010 2 2024-01-01 2024-12-31 08328010 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 08328010 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 08328010 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 08328010










YOU CHOOSE RECYCLING LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
YOU CHOOSE RECYCLING LTD
REGISTERED NUMBER: 08328010

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,480
19,272

Current assets
  

Debtors: amounts falling due within one year
 5 
-
94,968

Cash at bank and in hand
  
15,093
10,936

  
15,093
105,904

Creditors: amounts falling due within one year
 6 
(14,616)
(12,200)

Net current assets
  
 
 
477
 
 
93,704

Total assets less current liabilities
  
2,957
112,976

Provisions for liabilities
  

Deferred tax
 7 
-
(2,373)

  
 
 
-
 
 
(2,373)

Net assets
  
2,957
110,603


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
2,857
110,503

  
2,957
110,603


Page 1

 
YOU CHOOSE RECYCLING LTD
REGISTERED NUMBER: 08328010
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






A House
Director

Date: 24 April 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
YOU CHOOSE RECYCLING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

You Choose Recycling Limited, 08328010, is a private company limited by shares. It is incorporated in England & Wales. The registered office is Wey Court West, Union Road, Farnham, GU9 7PT. 
The company ceased to trade on the 22nd October 2024 and will be closed down. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
YOU CHOOSE RECYCLING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
YOU CHOOSE RECYCLING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

 
2.10

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.11

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.12

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 5

 
YOU CHOOSE RECYCLING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2024
59,309
32,441
5,467
97,217


Disposals
(38,848)
(32,441)
(5,467)
(76,756)



At 31 December 2024

20,461
-
-
20,461



Depreciation


At 1 January 2024
46,866
25,612
5,467
77,945


Charge for the year on owned assets
826
-
-
826


Disposals
(29,711)
(25,612)
(5,467)
(60,790)



At 31 December 2024

17,981
-
-
17,981



Net book value



At 31 December 2024
2,480
-
-
2,480



At 31 December 2023
12,443
6,829
-
19,272


5.


Debtors

2024
2023
£
£


Trade debtors
-
21,977

Other debtors
-
72,991

-
94,968


Page 6

 
YOU CHOOSE RECYCLING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
3,664

Trade creditors
786
3,225

Other taxation and social security
1,226
3,861

Other creditors
10,604
-

Accruals and deferred income
2,000
1,450

14,616
12,200


Page 7

 
YOU CHOOSE RECYCLING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Deferred taxation




2024
2023


£

£






At beginning of year
(2,373)
6,719


Charged to profit or loss
2,373
(9,092)



At end of year
-
(2,373)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
-
(2,373)

-
(2,373)

 
Page 8