Recycled Aggregates Limited - Filleted accounts

Registered number

08076262

Recycled Aggregates Limited

Filleted Accounts

30 November 2024

Recycled Aggregates Limited
Registered number:		08076262
Balance Sheet
as at 30 November 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		259,702			316,640

Current assets
Work in Progress		110,830			-
Debtors	4	363,545			537,821
Cash at bank and in hand		7,985			130,210
		482,360			668,031

Creditors: amounts falling due within one year	5	(579,893)			(592,099)

Net current (liabilities)/assets			(97,533)			75,932

Total assets less current liabilities			162,169			392,572

Creditors: amounts falling due after more than one year	6		(133,719)			(282,542)

Provisions for liabilities			(25,501)			(57,574)


Net assets			2,949			52,456

Capital and reserves
Called up share capital			100			100
Profit and loss account			2,849			52,356

Shareholder's funds			2,949			52,456

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr. P. Hughes
Director
Approved by the board on 12 September 2025

Recycled Aggregates Limited
Notes to the Accounts
for the year ended 30 November 2024

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			20% straight line
	Motor Vehicles			25% straight line


	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.


	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.




	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					3		3


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 December 2023	32,000		477,785		145,998		655,783
	Additions	-		94,102		-		94,102
	Disposals	-		-		(118,698)		(118,698)
	At 30 November 2024	32,000		571,887		27,300		631,187

	Depreciation
	At 1 December 2023	32,000		240,793		66,350		339,143
	Charge for the year	-		74,723		12,019		86,742
	On disposals	-		-		(54,400)		(54,400)
	At 30 November 2024	32,000		315,516		23,969		371,485

	Net book value
	At 30 November 2024	-		256,371		3,331		259,702
	At 30 November 2023	-		236,992		79,648		316,640


4	Debtors					2024		2023
£							£

	Trade debtors					253,555		288,969
	Amounts owed by related parties					30,050		147,852
	Other debtors					79,940		101,000
						363,545		537,821



5	Creditors: amounts falling due within one year					2024		2023
£							£

	Bank loans and overdrafts					60,000		60,000
	Obligations under finance lease and hire purchase contracts					90,313		95,394
	Trade creditors					262,079		207,960
	Taxation and social security costs					158,429		222,348
	Other creditors					9,072		6,397
						579,893		592,099


6	Creditors: amounts falling due after one year					2024		2023
£							£

	Bank loans					58,833		129,477
	Obligations under finance lease and hire purchase contracts					74,886		153,065
						133,719		282,542



7	Share capital	Nominal		2024		2024		2023
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100



8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr. P. Hughes
	Directors Loans	100,000		-		(21,060)		78,940

		100,000		-		(21,060)		78,940



9	Related party transactions

	The company has made an interest - free loan to PI Carbon Composites Limited, a company in which the director is a shareholder.


10	Controlling party

	The company is controlled by the director, Mr. P. Hughes.











11	Other information

	Recycled Aggregates Limited is a private company limited by shares and incorporated in England. Its registered office is:
	First Floor, 1 Park Court,
	Pyrford Road,
	West Byfleet,
	Surrey,
	KT14 6SD.

	Its place of business is:
	Axis Point,
	Eastman Way,
	Hemel Hempstead,
	Herts. HP2 7FN.