Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 27 June 2025 1 January 2024 31 December 2024 31 December 2024 10539557 Mr Melvin Coenraad Jacobus DE GROOT Mr. Jaimin Parmar Hendrik Vriezekolk VG Recycling Groep Beheer BV Velsen - Noord true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10539557 2023-12-31 10539557 2024-12-31 10539557 2024-01-01 2024-12-31 10539557 frs-core:CurrentFinancialInstruments 2024-12-31 10539557 frs-core:ComputerEquipment 2024-12-31 10539557 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10539557 frs-core:ComputerEquipment 2023-12-31 10539557 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 10539557 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 10539557 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 10539557 frs-core:MotorVehicles 2024-12-31 10539557 frs-core:MotorVehicles 2024-01-01 2024-12-31 10539557 frs-core:MotorVehicles 2023-12-31 10539557 frs-core:ShareCapital 2024-12-31 10539557 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10539557 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10539557 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10539557 frs-bus:SmallEntities 2024-01-01 2024-12-31 10539557 frs-bus:Audited 2024-01-01 2024-12-31 10539557 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10539557 1 2024-01-01 2024-12-31 10539557 frs-bus:Director1 2024-01-01 2024-12-31 10539557 frs-bus:Director2 2024-01-01 2024-12-31 10539557 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 10539557 frs-core:CurrentFinancialInstruments 1 2024-12-31 10539557 frs-countries:EnglandWales 2024-01-01 2024-12-31 10539557 2022-12-31 10539557 2023-12-31 10539557 2023-01-01 2023-12-31 10539557 frs-core:CurrentFinancialInstruments 2023-12-31 10539557 frs-core:ShareCapital 2023-12-31 10539557 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10539557 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 10539557
VG Recycling Group Limited
Financial Statements
For The Year Ended 31 December 2024
SAWHNEY CONSULTING
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 10539557
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,730 36,226
27,730 36,226
CURRENT ASSETS
Debtors 5 554,487 486,216
Cash at bank and in hand 15,475 84,632
569,962 570,848
Creditors: Amounts Falling Due Within One Year 6 (364,045 ) (600,887 )
NET CURRENT ASSETS (LIABILITIES) 205,917 (30,039 )
TOTAL ASSETS LESS CURRENT LIABILITIES 233,647 6,187
NET ASSETS 233,647 6,187
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 233,547 6,087
SHAREHOLDERS' FUNDS 233,647 6,187
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 27 June 2025 and were signed on its behalf by:
Mr Melvin Coenraad Jacobus DE GROOT
Director
27 June 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
VG Recycling Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10539557. The registered office is
Harrow Business Centre, 429-433 Pinner Road, North Harrow, Middlesex, HA1 4HN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section  lA of the standard).
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible  fixed  assets  are  measured  at cost  less accumulative  depreciation  and  any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates  calculated  to  write off  the  cost, less estimated  residual  value, of each  asset evenly over its expected useful life, as follows:
Leasehold 25% WDV
Motor Vehicles 25% WDV
Computer Equipment 25% WDV
2.4. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2.5. Pensions
Contributions to defined contribution plans are expensed in the period to which. they relate.
2.6. Debtors
Short term debtors are measured  at transaction price (which is usually the invoice price), less any impairment  losses  for  bad  and  doubtful  debts.  Loans  and  other  financial  assets  are  initially recognised  at  transaction  price  including  any  transaction  costs  and  subsequently  measured  at amortised cost determined  using the effective interest method,  less any impairment  losses for bad and doubtful debts.
2.7. Creditors
Short term creditors are measured  at transaction  price (which is usually the invoice  price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.8. Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at  the  reporting  date  as  a  result  of  a  past  event,  it  is  probable  that  economic  benefit  will  be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 6,641 48,497 7,541 62,679
Additions - - 1,900 1,900
As at 31 December 2024 6,641 48,497 9,441 64,579
...CONTINUED
Page 2
Page 3
Depreciation
As at 1 January 2024 2,214 22,354 1,885 26,453
Provided during the period 2,213 6,536 1,647 10,396
As at 31 December 2024 4,427 28,890 3,532 36,849
Net Book Value
As at 31 December 2024 2,214 19,607 5,909 27,730
As at 1 January 2024 4,427 26,143 5,656 36,226
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 100,462 44,815
Prepayments and accrued income 74,508 172,894
Other debtors 33,950 45,950
VAT recoverable 127,256 102,491
Amounts owed by group undertakings 218,311 120,066
554,487 486,216
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 193,768 290,576
Corporation tax 97,049 168,159
Pension 334 998
Accruals and deferred income 72,894 141,154
364,045 600,887
7. Ultimate Controlling Party
The company's ultimate controlling party is VG Recycling Groep Beheer BV Velsen - Noord by virtue of its ownership of 100% of the issued share capital in the company.
8. Other information
VG RECYCLING  GROUP LIMITED  is a private company limited by shares and  incorporated  in England. Its registered office is:
Harrow Business Centre 
429-433 Pinner Road
North Harrow 
Middlesex
HA1 4HN
9. Audit Information
The auditor's report on the accounts of VG Recycling Group Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Opinder Singh Sawhney (Senior Statutory Auditor) for and on behalf of Sawhney consulting Limited , Statutory Auditor.
Page 3