| Registered Number:13964443 |
For the year ended 31 August 2024
England and Wales
Report of the Directors and Unaudited Financial Statements
For the year ended 31 August 2024
CINCO RECYCLING LIMITED
Contents Page
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
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
59, KIMPTON CLOSE
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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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. |
| 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)
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. |
10 September 2024
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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
05 September 2024
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For the year ended 31 August 2024
CINCO RECYCLING LIMITED
Income Statement
2023
2024
1,558,353
1,338,092
(1,068,646)
(1,273,157)
269,446
Gross profit
285,196
(49,604)
(37,922)
(171,108)
(181,134)
64,484
50,390
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)
71,841
Profit for the financial year
63,970
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CINCO RECYCLING LIMITED
Statement of Financial Position
2023
2024
| Property, plant and equipment |
166,188
139,383
2
166,188
139,383
| 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
100
100
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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For the year ended 31 August 2024
CINCO RECYCLING LIMITED
Statement of Financial Position Continued
| 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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For the year ended 31 August 2024
CINCO RECYCLING LIMITED
Statement of Changes in Equity
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
(60,000)
(60,000)
| Balance at 31 August 2024 |
100
75,811
75,911
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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. |
59, KIMPTON CLOSE
HEMEL HEMPSTEAD
HERTS
HP2 7PW
| The presentation currency is £ sterling. |
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 |
169,092
6,054
5,050
89,515
23,473
45,000
57,101
1,500
-
44,287
11,314
-
45,000
133,802
5,050
7,554
226,193
34,787
| Provision for depreciation and impair |
| ment |
29,709
1,208
1,010
17,785
9,706
-
30,296
1,269
808
23,203
5,016
-
60,005
2,477
1,818
40,988
14,722
-
45,000
20,065
92,814
3,232
5,077
166,188
45,000
13,767
71,730
4,040
4,846
139,383
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For the year ended 31 August 2024
CINCO RECYCLING LIMITED
Notes to the Financial Statements Continued
| 3. Trade and other receivables |
2023
2024
339,112
281,829
6,194
7,620
289,449
345,306
| 4. Trade and other payables: amounts falling due within one year |
2023
2024
13,331
11,375
127,833
95,301
| Taxation and social security |
72,994
65,768
24,205
31,148
238,363
203,592
| 5. Trade and other payables: amounts falling due after more than one year |
2023
2024
41,107
34,125
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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