REGISTERED NUMBER: 08425527 (England and Wales)

Unaudited Financial Statements

for the Period 1 October 2023 to 31 March 2025

for

WF Recycle-Tech Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

M A Bevan

D M Hutchinson

P Lloyd

REGISTERED OFFICE:

Arena Offices, Office 1f10

Watchmoor Park

Riverside Way

Camberley

Surrey

GU15 3YL

REGISTERED NUMBER:

08425527 (England and Wales)

ACCOUNTANTS:

Butt Miller

Chartered Accountants

1 Minster Court

Tuscam Way

Camberley

Surrey

GU15 3YY

FIXED ASSETS

Tangible assets

4

9,484

92,700

CURRENT ASSETS

Debtors

5

57,072

8,297

Cash at bank

544,108

6,974

601,180

15,271

CREDITORS

Amounts falling due within one year

6

(2,864,029

)

(1,718,627

)

NET CURRENT LIABILITIES

(2,262,849

)

(1,703,356

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,253,365

)

(1,610,656

)

CAPITAL AND RESERVES

Called up share capital

600,000

600,000

Share premium

650,000

650,000

Retained earnings

(3,503,365

)

(2,860,656

)

SHAREHOLDERS' FUNDS

(2,253,365

)

(1,610,656

)

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2025 and were signed on its behalf by:

M A Bevan - Director

1.	STATUTORY INFORMATION

WF Recycle-Tech 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.

The accounting period was extended for operational purposes. As a result, the comparative amounts presented in the financial statements (including the notes) are not entirely comparable.

Turnover

Turnover is measured at the fair value of the consideration receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering services is recognised by reference to the stage of completion of the contract. The stage of completion of the contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Where amounts are received from customers in respect of work yet to be performed by the company, these are shown in creditors as deferred income.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

not provided

Fixtures and fittings

-

not provided

Computer equipment

-

not provided

Fixtures and fittings, and Computer equipment, are currently not being depreciated as they are not yet fully available for use.

Plant and machinery was not being depreciated as prior to its disposal it was not yet fully available for use.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Research and development

Expenditure on research and development is written off to the Income Statement in the year in which it is incurred.

Foreign currency translation

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leasing

Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

Pensions

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the Income Statement in the period to which they relate.

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2023

92,700

-

-

92,700

Additions

-

3,869

5,615

9,484

Disposals

(92,700

)

-

-

(92,700

)

At 31 March 2025

-

3,869

5,615

9,484

NET BOOK VALUE

At 31 March 2025

-

3,869

5,615

9,484

At 30 September 2023

92,700

-

-

92,700

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Trade debtors

24,718

-

VAT

19,101

4,297

Prepayments

13,253

4,000

57,072

8,297

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Trade creditors

95,971

365,609

Social security and other taxes

24,758

4,653

Other creditors

1,920,844

1,271,141

Accruals

222,456

77,224

Deferred income

600,000

-

2,864,029

1,718,627

7.	SECURITIES

There is a debenture in place comprising fixed and floating charges over the assets of the company, in favour of a shareholder in the company, Farrel Corporation.

Amounts owed to Farrel Corporation as at 31 March 2025 were £468,727 (as at 30 September 2023: £96,520).