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REGISTERED NUMBER: 05943151 (England and Wales)







Abridged Financial Statements for the Year Ended 31st August 2024

for

Blackpole Recycling Limited

Blackpole Recycling Limited (Registered number: 05943151)






Contents of the Financial Statements
for the Year Ended 31st August 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Blackpole Recycling Limited

Company Information
for the Year Ended 31st August 2024







DIRECTORS: P M Edwards
M Peyton





REGISTERED OFFICE: Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU





REGISTERED NUMBER: 05943151 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

Blackpole Recycling Limited (Registered number: 05943151)

Abridged Balance Sheet
31st August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,480,755 3,316,627
Investments 6 - 498,480
2,480,755 3,815,107

CURRENT ASSETS
Stocks 11,628 10,500
Debtors 1,184,870 1,505,844
Cash at bank and in hand 73,861 357,269
1,270,359 1,873,613
CREDITORS
Amounts falling due within one year 1,094,238 1,228,871
NET CURRENT ASSETS 176,121 644,742
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,656,876

4,459,849

CREDITORS
Amounts falling due after more than one
year

(441,558

)

(835,446

)

PROVISIONS FOR LIABILITIES 8 (604,000 ) (809,500 )
NET ASSETS 1,611,318 2,814,903

CAPITAL AND RESERVES
Called up share capital 190 190
Retained earnings 1,611,128 2,814,713
1,611,318 2,814,903

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

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

The directors acknowledge their 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.

Blackpole Recycling Limited (Registered number: 05943151)

Abridged Balance Sheet - continued
31st August 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th May 2025 and were signed on its behalf by:




M Peyton - Director



P M Edwards - Director


Blackpole Recycling Limited (Registered number: 05943151)

Notes to the Financial Statements
for the Year Ended 31st August 2024

1. STATUTORY INFORMATION

Blackpole Recycling 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, has been amortised evenly over its estimated useful life of ten years.

Goodwill, being the amount paid in connection with the acquisition of a business on 31 August 2021, will be amortised evenly over its estimated useful life of ten years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 50% on reducing balance and 25% on reducing balance

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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

Blackpole Recycling Limited (Registered number: 05943151)

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

2. ACCOUNTING POLICIES - continued

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 32 (2023 - 34 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st September 2023
and 31st August 2024 279,000
AMORTISATION
At 1st September 2023
and 31st August 2024 279,000
NET BOOK VALUE

At 31st August 2024 -
At 31st August 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st September 2023 6,138,303
Additions 203,183
Disposals (463,268 )
At 31st August 2024 5,878,218
DEPRECIATION
At 1st September 2023 2,821,676
Charge for year 829,942
Eliminated on disposal (254,155 )
At 31st August 2024 3,397,463
NET BOOK VALUE
At 31st August 2024 2,480,755
At 31st August 2023 3,316,627

Blackpole Recycling Limited (Registered number: 05943151)

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

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1st September 2023 498,480
Disposals (498,480 )
At 31st August 2024 -
NET BOOK VALUE
At 31st August 2024 -
At 31st August 2023 498,480

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 890,626 1,414,742

The loans are secured against the assets of the company.

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 604,000 809,500

Deferred
tax
£   
Balance at 1st September 2023 809,500
Provided during year (205,500 )
Balance at 31st August 2024 604,000

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st August 2024 and 31st August 2023:

2024 2023
£    £   
J D Dew
Balance outstanding at start of year 157,273 263,133
Amounts advanced 61,893 3,140
Amounts repaid - (109,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 219,166 157,273

10. RELATED PARTY DISCLOSURES

Included in the accounts is a loan to the director, this loan is not interest bearing.