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REGISTERED NUMBER: 11074740 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31st March 2025

for

Ferriby Recycling Limited

Ferriby Recycling Limited (Registered number: 11074740)






Contents of the Financial Statements
for the year ended 31st March 2025




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Ferriby Recycling Limited

Company Information
for the year ended 31st March 2025







DIRECTORS: M R Krebs
P R Oxtoby



REGISTERED OFFICE: Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX



REGISTERED NUMBER: 11074740 (England and Wales)



ACCOUNTANTS: Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX



BANKERS: Barclays Bank PLC
Leicester
LE87 2BB

Ferriby Recycling Limited (Registered number: 11074740)

Abridged Balance Sheet
31st March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 229,704 260,816

CURRENT ASSETS
Stocks 204,868 215,157
Debtors 482,204 356,305
Cash at bank 64,108 32,196
751,180 603,658
CREDITORS
Amounts falling due within one year 743,520 657,229
NET CURRENT ASSETS/(LIABILITIES) 7,660 (53,571 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

237,364

207,245

CREDITORS
Amounts falling due after more than one
year

(159,928

)

(180,010

)

PROVISIONS FOR LIABILITIES (31,190 ) (17,166 )
NET ASSETS 46,246 10,069

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 46,146 9,969
SHAREHOLDERS' FUNDS 46,246 10,069

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

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

Ferriby Recycling Limited (Registered number: 11074740)

Abridged Balance Sheet - continued
31st March 2025


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 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 25th July 2025 and were signed on its behalf by:





M R Krebs - Director


Ferriby Recycling Limited (Registered number: 11074740)

Notes to the Financial Statements
for the year ended 31st March 2025

1. STATUTORY INFORMATION

Ferriby 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 etc - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

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.

Ferriby Recycling Limited (Registered number: 11074740)

Notes to the Financial Statements - continued
for the year ended 31st March 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 5 (2024 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2024 411,638
Additions 21,550
Disposals (18,000 )
At 31st March 2025 415,188
DEPRECIATION
At 1st April 2024 150,822
Charge for year 38,982
Eliminated on disposal (4,320 )
At 31st March 2025 185,484
NET BOOK VALUE
At 31st March 2025 229,704
At 31st March 2024 260,816

The net book value of tangible fixed assets includes £ 151,610 (2024 - £ 164,175 ) in respect of assets held under hire purchase contracts.

5. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 144,968 190,578

Hire purchase contracts are secured against the assets to which they relate.

Ferriby Recycling Limited (Registered number: 11074740)

Notes to the Financial Statements - continued
for the year ended 31st March 2025

6. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2025 2024
value: £    £   
100 Share capital 1 £1 100 100

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Ferriby Recycling Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ferriby Recycling Limited for the year ended 31st March 2025 which comprise the Statement of Comprehensive Income, Abridged Balance Sheet, Statement of Changes in Equity and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Ferriby Recycling Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ferriby Recycling Limited. You consider that Ferriby 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 financial statements of Ferriby 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 financial statements.






Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX


25th July 2025