Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-3112023-11-01falseRemediation activities and other waste management services1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13699733 2023-11-01 2024-10-31 13699733 2022-11-01 2023-10-31 13699733 2024-10-31 13699733 2023-10-31 13699733 c:Director1 2023-11-01 2024-10-31 13699733 d:PlantMachinery 2023-11-01 2024-10-31 13699733 d:PlantMachinery 2024-10-31 13699733 d:PlantMachinery 2023-10-31 13699733 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 13699733 d:ComputerEquipment 2023-11-01 2024-10-31 13699733 d:ComputerEquipment 2024-10-31 13699733 d:ComputerEquipment 2023-10-31 13699733 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 13699733 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 13699733 d:CurrentFinancialInstruments 2024-10-31 13699733 d:CurrentFinancialInstruments 2023-10-31 13699733 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 13699733 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 13699733 d:ShareCapital 2024-10-31 13699733 d:ShareCapital 2023-10-31 13699733 d:RetainedEarningsAccumulatedLosses 2024-10-31 13699733 d:RetainedEarningsAccumulatedLosses 2023-10-31 13699733 c:OrdinaryShareClass1 2023-11-01 2024-10-31 13699733 c:OrdinaryShareClass1 2024-10-31 13699733 c:OrdinaryShareClass1 2023-10-31 13699733 c:FRS102 2023-11-01 2024-10-31 13699733 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 13699733 c:FullAccounts 2023-11-01 2024-10-31 13699733 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 13699733 e:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13699733









RECYCLELAB LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
RECYCLELAB LIMITED
REGISTERED NUMBER: 13699733

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
20,619
558

  
20,619
558

Current assets
  

Debtors: amounts falling due within one year
 5 
10,884
1,789

Cash at bank and in hand
 6 
7,624
11,562

  
18,508
13,351

Creditors: amounts falling due within one year
 7 
(73,780)
(23,747)

Net current liabilities
  
 
 
(55,272)
 
 
(10,396)

Total assets less current liabilities
  
(34,653)
(9,838)

  

Net liabilities
  
(34,653)
(9,838)


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
(34,654)
(9,839)

  
(34,653)
(9,838)


Page 1

 
RECYCLELAB LIMITED
REGISTERED NUMBER: 13699733
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D Stephens
Director

Date: 5 August 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
RECYCLELAB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Recyclelab Limited is a private company limited by shares, incorporated in England and Wales (registered number: 13699733) The registered office of the company is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

Page 3

 
RECYCLELAB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance method
Computer equipment
-
25%
Straight line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
RECYCLELAB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Plant and machinery
Computer equipment
Total

£
£
£



Cost or valuation


At 1 November 2023
-
583
583


Additions
22,038
-
22,038



At 31 October 2024

22,038
583
22,621



Depreciation


At 1 November 2023
-
24
24


Charge for the year on owned assets
1,832
146
1,978



At 31 October 2024

1,832
170
2,002



Net book value



At 31 October 2024
20,206
413
20,619



At 31 October 2023
-
558
558

Page 5

 
RECYCLELAB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
2,610
-

Other debtors
8,274
1,789

10,884
1,789



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
7,624
11,562

7,624
11,562



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
-
57

Other creditors
71,030
21,940

Accruals and deferred income
2,750
1,750

73,780
23,747



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1


 
Page 6