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Registration number: 13527298

Scrivens Recycling Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 July 2024

Scrivens Recycling Limited

Contents

Company Information | 1
Accountants' Report | 2
Profit and Loss Account | 3
Balance Sheet | 4 to 5
Notes to the Unaudited Financial Statements | 6 to 12

Scrivens Recycling Limited

Company Information

Registered office | Ground Floor, Seneca House Links Point, Amy Johnson Way Blackpool Lancashire FY4 2FF

Accountants | Crossley & Davis Chartered Accountants Ground Floor, Seneca House Links Point, Amy Johnson Way Blackpool Lancashire FY4 2FF

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Scrivens Recycling Limited
for the Year Ended 31 July 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Scrivens Recycling Limited for the year ended 31 July 2024 as set out on pages 3 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Scrivens Recycling Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Scrivens Recycling Limited and state those matters that we have agreed to state to the Board of Directors of Scrivens Recycling Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Scrivens Recycling Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Scrivens Recycling Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Scrivens Recycling Limited. You consider that Scrivens Recycling Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Scrivens Recycling Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Crossley & Davis Chartered Accountants
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

18 June 2025

Scrivens Recycling Limited

Profit and Loss Account for the Year Ended 31 July 2024

| Note | 2024 £ | 2023 £
Turnover |  | 764,757 | 710,275
Cost of sales |  | (180,307) | (113,611)
Gross profit |  | 584,450 | 596,664
Administrative expenses |  | (483,625) | (491,558)
Other operating income |  | 17,042 | 6,938
Operating profit |  | 117,867 | 112,044
Other interest receivable and similar income |  | 1,187 | -
Interest payable and similar expenses |  | (5,812) | (5,430)
|  | (4,625) | (5,430)
Profit before tax |  | 113,242 | 106,614
Tax on profit |  | (27,974) | (11,825)
Profit for the financial year |  | 85,268 | 94,789

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Scrivens Recycling Limited

(Registration number: 13527298)
Balance Sheet as at 31 July 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Intangible assets | 4 | 274,423 | 304,914
Tangible assets | 5 | 1,230,439 | 957,942
|  | 1,504,862 | 1,262,856
Current assets |  |  |
Debtors | 6 | 111,852 | 75,799
Cash at bank and in hand |  | 21,032 | 216,648
|  | 132,884 | 292,447
Creditors: Amounts falling due within one year | 7 | (470,964) | (415,162)
Net current liabilities |  | (338,080) | (122,715)
Total assets less current liabilities |  | 1,166,782 | 1,140,141
Creditors: Amounts falling due after more than one year | 7 | (16,717) | (55,818)
Provisions for liabilities |  | (184,693) | (156,719)
Net assets |  | 965,372 | 927,604
Capital and reserves |  |  |
Called up share capital | 8 | 930,000 | 930,000
Retained earnings |  | 35,372 | (2,396)
Shareholders' funds |  | 965,372 | 927,604

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 June 2025

Scrivens Recycling Limited

(Registration number: 13527298)
Balance Sheet as at 31 July 2024

......................................... Mr A Scrivens Director

Scrivens Recycling Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF
England

These financial statements were authorised for issue by the director on 18 June 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Scrivens Recycling Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 15% reducing balance
Motor vehicles | 25% reducing balance
Office equipment | 15% reducing balance
Fixtures & Fittings | 15% reducing balance
Freehold land & buildings | Not currently depreciated

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Scrivens Recycling Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Scrivens Recycling Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 4).

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 August 2023 | 304,914 | 304,914
At 31 July 2024 | 304,914 | 304,914
Amortisation
Amortisation charge | 30,491 | 30,491
At 31 July 2024 | 30,491 | 30,491
Carrying amount
At 31 July 2024 | 274,423 | 274,423
At 31 July 2023 | 304,914 | 304,914

Scrivens Recycling Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Properties under construction £ | Other property, plant and equipment £ | Total £
Cost or valuation
At 1 August 2023 | - | 3,242 | 85,855 | 113,641 | 956,098 | 1,158,836
Additions | 93,281 | 4,479 | 43,060 | - | 373,494 | 514,314
Disposals | - | - | (9,750) | - | (109,384) | (119,134)
Transfers | 113,641 | - | - | (113,641) | - | -
At 31 July 2024 | 206,922 | 7,721 | 119,165 | - | 1,220,208 | 1,554,016
Depreciation
At 1 August 2023 | - | 684 | 13,123 | - | 187,087 | 200,894
Charge for the year | - | 605 | 22,080 | - | 130,674 | 153,359
Eliminated on disposal | - | - | (3,808) | - | (26,868) | (30,676)
At 31 July 2024 | - | 1,289 | 31,395 | - | 290,893 | 323,577
Carrying amount
At 31 July 2024 | 206,922 | 6,432 | 87,770 | - | 929,315 | 1,230,439
At 31 July 2023 | - | 2,558 | 72,732 | 113,641 | 769,011 | 957,942

Included within the net book value of land and buildings above is £206,922 (2023 - £Nil) in respect of freehold land and buildings.

Scrivens Recycling Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

6 | Debtors

Current | 2024 £ | 2023 £
Trade debtors | 87,897 | 75,799
Prepayments | 23,955 | -
| 111,852 | 75,799

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Loans and borrowings | 9 | 43,550 | 64,244
Trade creditors |  | 16,640 | 39,038
Taxation and social security |  | 439 | 16,257
Accruals and deferred income |  | 11,500 | 6,612
Other creditors |  | 398,835 | 289,011
|  | 470,964 | 415,162

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £43,550 (2023 - £64,244).

Creditors: amounts falling due after more than one year

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings | 9 | 16,717 | 55,818

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £16,717 (2023 - £55,818).

8 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary of £1 each | 1 | 1 | 1 | 1

Scrivens Recycling Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

9 | Loans and borrowings

Non-current loans and borrowings

| 2024 £ | 2023 £
Hire purchase contracts | 16,717 | 55,818

Current loans and borrowings

| 2024 £ | 2023 £
Hire purchase contracts | 43,550 | 64,244