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CINCO RECYCLING LIMITED
Registered Number:13964443
For the year ended 31 August 2024
England and Wales
Report of the Directors and Unaudited Financial Statements
2
For the year ended 31 August 2024
CINCO RECYCLING LIMITED
Contents Page
Company Information
1
2
Directors' Report
3
Independent Accountants' Report
4
Income Statement
5
Statement of Financial Position
6
Statement of Changes in Equity
7 to 9
Notes to the Financial Statements
3
For the year ended 31 August 2024
CINCO RECYCLING LIMITED
Company Information
Charlie Wilson
Directors
Chloe Wilson
Marian O Neill
Shannon Wilson (Resigned on 30 June 2024)
13964443
Registered Number
59, KIMPTON CLOSE
Registered Office
HEMEL HEMPSTEAD
HERTS
HP2 7PW
A L C Pateman
Accountants
59, Kimpton Close
Hemel Hempstead
Herts
HP2 7PW
Lloyds Bank Plc
Bankers
Intu Shopping Centre
Units 32/32a
Watford
WD172UB
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4
For the year ended 31 August 2024
CINCO RECYCLING LIMITED
Directors' Report
The directors present their report and financial statements for the year ended 31 August
2024.
Principal activities
The principal activity of the company continued to be that of waste removal and recycling and related services.
Directors
The directors who served the company throughout the year were as follows:
Charlie Wilson
Chloe Wilson
Marian O Neill
Shannon Wilson (Resigned on 30/06/2024)
Charlie Wilson
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Date:
10 September 2024
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5
For the year ended 31 August 2024
CINCO RECYCLING LIMITED
Independent Accountants' Report
As described on the Statement of Financial Position you are responsible for the preparation
of the financial statements for the year ended 31 August 2024 and you consider that the
company is exempt from an audit under the Companies Act 2006. In accordance with your
instructions, we have compiled these unaudited financial statements in order to assist you
to fulfil your statutory responsibilities, from the accounting records and information and
explanations supplied to us.
A L C Pateman
59, Kimpton Close
Hemel Hempstead
Herts
HP2 7PW
Date:
05 September 2024
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6
For the year ended 31 August 2024
CINCO RECYCLING LIMITED
Income Statement
2023
£
2024
£
Turnover
1,558,353
1,338,092
(1,068,646)
Cost of sales
(1,273,157)
269,446
Gross profit
285,196
Distribution costs
(49,604)
(37,922)
Administrative expenses
(171,108)
(181,134)
64,484
50,390
Other operating income
18,060
17,090
Operating profit
82,544
67,480
Interest payable and similar charges
(1,426)
(731)
81,118
66,749
Profit before taxation
(9,277)
(2,779)
Taxation
71,841
Profit for the financial year
63,970
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7
Registered Number :
13964443
As at 31 August 2024
CINCO RECYCLING LIMITED
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
166,188
139,383
2
166,188
139,383
Current assets
Trade and other receivables
289,449
345,306
3
89,585
Cash and cash equivalents
76,457
421,763
379,034
Trade and other payables: amounts falling due
within one year
(203,592)
(238,363)
4
175,442
183,400
Net current assets
Total assets less current liabilities
349,588
314,825
Trade and other payables: amounts falling due
after more than one year
(209,103)
(273,677)
5
75,911
Net assets
105,722
Capital and reserves
Called up share capital
100
100
Retained earnings
75,811
63,970
75,911
64,070
Shareholders' funds
For the year ended 31 August 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 of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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 in accordance with the provisions applicable to companies subject to the small companies regime.
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8
Registered Number :
13964443
For the year ended 31 August 2024
CINCO RECYCLING LIMITED
Statement of Financial Position Continued
Charlie Wilson
These financial statements were approved and authorised for issue by the Board on 10 September 2024 and were signed by:
The notes form part of these financial statements
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9
For the year ended 31 August 2024
CINCO RECYCLING LIMITED
Statement of Changes in Equity
Share
Capital
Retained
earnings
Total
£
£
£
Balance at 01 September 2022
-
-
-
Share issue during the year
100
100
63,970
63,970
Profit/Loss for the year
Balance at 31 August 2023 and 01 September
2023
64,070
63,970
100
71,841
71,841
Profit/Loss for the year
Dividends
(60,000)
(60,000)
Balance at 31 August 2024
100
75,811
75,911
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10
For the year ended 31 August 2024
CINCO RECYCLING LIMITED
Notes to the Financial Statements
Statutory Information
CINCO RECYCLING LIMITED is a private limited company, limited by shares, domiciled in
England and Wales, registration number 13964443.
Registered address:
59, KIMPTON CLOSE
HEMEL HEMPSTEAD
HERTS
HP2 7PW
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of
Section 1A of Financial Reporting Standard 102 ''The Financial Reporting Standard
applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial
statements have been prepared under the historical costs convention as modified by the
revaluation of certain assets.
2. Property, plant and equipment
Total
Computer
Equipment
Furniture
and Fittings
Motor
Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
£
Cost or
valuation
At 01
September
2023
169,092
6,054
5,050
89,515
23,473
45,000
57,101
1,500
-
44,287
11,314
-
Additions
At 31 August
2024
45,000
133,802
5,050
7,554
226,193
34,787
Provision for depreciation and impair
ment
At 01
September
2023
29,709
1,208
1,010
17,785
9,706
-
Charge for
year
30,296
1,269
808
23,203
5,016
-
At 31 August
2024
60,005
2,477
1,818
40,988
14,722
-
At 31 August
2024
Net book value
45,000
20,065
92,814
3,232
5,077
166,188
45,000
13,767
71,730
4,040
4,846
139,383
At 31 August
2023
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11
For the year ended 31 August 2024
CINCO RECYCLING LIMITED
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Trade debtors
339,112
281,829
Other debtors
6,194
7,620
289,449
345,306
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
13,331
11,375
Trade creditors
127,833
95,301
Taxation and social security
72,994
65,768
Other creditors
24,205
31,148
238,363
203,592
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
41,107
34,125
Other creditors
232,570
174,978
273,677
209,103
6. Average number of persons employed
During the year the average number of employees was 0 (2023 : 10)
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