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REGISTERED NUMBER: 12325317 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

BLACK-LAKE RECYCLING LIMITED

BLACK-LAKE RECYCLING LIMITED (REGISTERED NUMBER: 12325317)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BLACK-LAKE RECYCLING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







Directors: A J Lake
T L Black





Registered office: 20-22 Wenlock Road
London
N1 7GU





Registered number: 12325317 (England and Wales)





Accountants: TC Group
10 Stadium Business Court
Millennium Way
Pride Park
Derby
Derbyshire
DE24 8HP

BLACK-LAKE RECYCLING LIMITED (REGISTERED NUMBER: 12325317)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 4 12,869 449

Current assets
Debtors 5 186,416 305,680
Cash at bank 348,247 406,873
534,663 712,553
Creditors
Amounts falling due within one year 6 (112,202 ) (269,868 )
Net current assets 422,461 442,685
Total assets less current liabilities 435,330 443,134

Capital and reserves
Called up share capital 8 2 2
Retained earnings 435,328 443,132
Shareholders' funds 435,330 443,134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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 Statement of Income and Retained Earnings has not been delivered.

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





A J Lake - Director


BLACK-LAKE RECYCLING LIMITED (REGISTERED NUMBER: 12325317)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Black-Lake 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.

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.
Motor vehicles - 25% on reducing balance
Equipment - 20% on cost

Tangible fixed assets are recognised initially at cost, and then subsequently less accumulated depreciation and provision for any impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 3 (2023 - 3 ) .

BLACK-LAKE RECYCLING LIMITED (REGISTERED NUMBER: 12325317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

4. TANGIBLE FIXED ASSETS
Motor
vehicles Equipment Totals
£ £ £
Cost
At 1 December 2023 - 749 749
Additions 15,995 717 16,712
At 30 November 2024 15,995 1,466 17,461
Depreciation
At 1 December 2023 - 300 300
Charge for year 3,999 293 4,292
At 30 November 2024 3,999 593 4,592
Net book value
At 30 November 2024 11,996 873 12,869
At 30 November 2023 - 449 449

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 33,283 173,049
Other debtors 129,021 129,430
VAT 21,919 -
Prepayments 2,193 3,201
186,416 305,680

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 69,947 88,450
Tax 39,484 140,035
VAT - 39,478
Other creditors 141 -
Accruals and deferred income 2,225 1,500
Directors' current accounts 405 405
112,202 269,868

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 35,366 10,133
Between one and five years 55,996 -
91,362 10,133

BLACK-LAKE RECYCLING LIMITED (REGISTERED NUMBER: 12325317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2 Ordinary £1 2 2

9. RELATED PARTY DISCLOSURES

Black-Lake Investment Limited

A company in which both directors are shareholders


The company was under the control of Mr T Black and Mr A Lake during part of the current year.
Black-Lake Investments Limited owe £129,000 to Black-Lake Recycling Limited and this is included within other debtors.

2024 2023
£ £
Amount due from related party at the balance sheet date 129,000 129,000