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REGISTERED NUMBER: SC397897 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

H. N. RECYCLING LIMITED

H. N. RECYCLING LIMITED (REGISTERED NUMBER: SC397897)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H. N. RECYCLING LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2025







DIRECTORS: H J Christoffersen
N E Christoffersen



REGISTERED OFFICE: 22 Backbrae Street
Kilsyth
Glasgow
G65 0NH



REGISTERED NUMBER: SC397897 (Scotland)



ACCOUNTANTS: Curle & Co
Chartered Accountants
22 Backbrae Street
Kilsyth
G65 0NH



BANKERS: Bank of Scotland
The Direct Business
PO Box 1000
Edinburgh
BX2 1LB

H. N. RECYCLING LIMITED (REGISTERED NUMBER: SC397897)

BALANCE SHEET
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 26,795 20,355

CURRENT ASSETS
Debtors 5 32,580 87,203
Cash at bank 18,968 68,651
51,548 155,854
CREDITORS
Amounts falling due within one year 6 57,240 127,275
NET CURRENT (LIABILITIES)/ASSETS (5,692 ) 28,579
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,103

48,934

CREDITORS
Amounts falling due after more than one
year

7

-

2,054
NET ASSETS 21,103 46,880

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 20,903 46,680
SHAREHOLDERS' FUNDS 21,103 46,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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

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

H. N. RECYCLING LIMITED (REGISTERED NUMBER: SC397897)

BALANCE SHEET - continued
31 March 2025



The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2025 and were signed on its behalf by:





N E Christoffersen - Director


H. N. RECYCLING LIMITED (REGISTERED NUMBER: SC397897)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

H. N. Recycling Limited is a private company, limited by shares , registered in Scotland. 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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost

Financial instruments
The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments.

Basic financial instruments are initially recognised at transaction value and subsequently measured at their
settlement value.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

H. N. RECYCLING LIMITED (REGISTERED NUMBER: SC397897)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2024 19,595 3,950 33,000 56,545
Additions - - 12,800 12,800
At 31 March 2025 19,595 3,950 45,800 69,345
DEPRECIATION
At 1 April 2024 18,111 3,289 14,790 36,190
Charge for year 297 99 5,964 6,360
At 31 March 2025 18,408 3,388 20,754 42,550
NET BOOK VALUE
At 31 March 2025 1,187 562 25,046 26,795
At 31 March 2024 1,484 661 18,210 20,355

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024
and 31 March 2025 31,000
DEPRECIATION
At 1 April 2024 13,563
Charge for year 4,359
At 31 March 2025 17,922
NET BOOK VALUE
At 31 March 2025 13,078
At 31 March 2024 17,437

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 32,580 85,952
Prepayments - 1,251
32,580 87,203

H. N. RECYCLING LIMITED (REGISTERED NUMBER: SC397897)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts 2,054 2,691
Trade creditors 20,957 29,267
Tax - 12,272
Social security and other taxes (2,071 ) (2,071 )
VAT 1,966 13,058
Directors' current accounts 31,916 41,264
Accrued expenses 2,418 30,794
57,240 127,275

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts - 2,054

8. ULTIMATE CONTROLLING PARTY

The controlling party is H J Christoffersen.

The Directors own and control the company.