Registration number: SC230352

Computer Recycling Services Ltd

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 6

Computer Recycling Services Ltd

(Registration number: SC230352)
Statement of Financial Position as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	19,401	3,652
Current assets
Debtors	5	22,166	35,671
Cash at bank and in hand		96,747	94,147
		118,913	129,818
Creditors: Amounts falling due within one year	6	(42,765)	(48,334)
Net current assets		76,148	81,484
Total assets less current liabilities		95,549	85,136
Creditors: Amounts falling due after more than one year	6	(16,337)	-
Net assets		79,212	85,136
Capital and reserves
Called up share capital		149	149
Retained earnings		79,063	84,987
Shareholders' funds		79,212	85,136

For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 25 August 2025 and signed on its behalf by:
 

......................................... Mr Archibald Winter MacFarlane Director

Computer Recycling Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1	General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Unit 4
Smeaton Road
Wester Gourdie Industrial Estate
Dundee
DD2 4UT
Scotland

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Computer Recycling Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance
Equipment	25% straight line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Computer Recycling Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. ‹

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 7 (2024 - 8).

Computer Recycling Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4	Tangible assets

	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 May 2024	5,055	19,812	24,867
Additions	-	21,432	21,432
Disposals	(2,405)	(17,312)	(19,717)
At 30 April 2025	2,650	23,932	26,582
Depreciation
At 1 May 2024	2,405	18,810	21,215
Charge for the year	663	4,081	4,744
Eliminated on disposal	(2,405)	(16,373)	(18,778)
At 30 April 2025	663	6,518	7,181
Carrying amount
At 30 April 2025	1,987	17,414	19,401
At 30 April 2024	2,650	1,002	3,652

5

Debtors

Current	2025 £	2024 £
Trade debtors	17,602	31,199
Prepayments	4,564	4,472
	22,166	35,671

6

Creditors

Creditors: amounts falling due within one year

Computer Recycling Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		3,805	-
Trade creditors		4,264	4,246
Taxation and social security		16,253	21,576
Accruals and deferred income		1,880	1,969
Other creditors		16,563	20,543
		42,765	48,334

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		16,337	-

7

Dividends

Final dividends paid

		2025 £		2024 £
Final dividend of £71.42 (2024 - £89.29) per each Ordinary A		4,000		5,000
Final dividend of £181.81 (2024 - £227.27) per each Ordinary B		4,000		5,000
Final dividend of £133.33 (2024 - £166.67) per each Ordinary C		4,000		5,000
Final dividend of £133.33 (2024 - £166.67) per each Ordinary D		4,000		5,000
		16,000		20,000

Interim dividends paid

		2025 £		2024 £
Interim dividend of £250.00 per each Ordinary A		14,000		14,000
Interim dividend of £246.82 per each Ordinary B		5,430		5,430
		19,430		19,430