REGISTERED NUMBER: 03249021 (England and Wales)

Nottingham Recycling Limited

Financial Statements

for the Period

29 February 2024 to 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P D Atkinson

I Gray

J H Greenwood

J Macdonald

REGISTERED OFFICE:

c/o Macfarlane Group

Siskin Parkway East

Middlemarch Business Park

Coventry

CV3 4PE

REGISTERED NUMBER:

03249021 (England and Wales)

AUDITORS:

Brooks Mayfield Limited

Chartered Accountants

12 Bridgford Road

West Bridgford

Nottinghamshire

NG2 6AB

FIXED ASSETS

Tangible assets

5

615,695

462,926

CURRENT ASSETS

Stocks

9,440

7,628

Debtors

6

259,109

270,649

Cash at bank

63,524

141,188

332,073

419,465

CREDITORS

Amounts falling due within one year

7

180,129

439,112

NET CURRENT ASSETS/(LIABILITIES)

151,944

(19,647

)

TOTAL ASSETS LESS CURRENT LIABILITIES

767,639

443,279

PROVISIONS FOR LIABILITIES

153,924

115,732

NET ASSETS

613,715

327,547

CAPITAL AND RESERVES

Called up share capital

8

10,000

10,000

Retained earnings

603,715

317,547

SHAREHOLDERS' FUNDS

613,715

327,547

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 29 August 2025 and were signed on its behalf by:

J Macdonald - Director

1.	STATUTORY INFORMATION

Nottingham 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 11 (2024 - 11 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 29 February 2024

873,121

104,750

977,871

Additions

220,279

-

220,279

At 31 December 2024

1,093,400

104,750

1,198,150

DEPRECIATION

At 29 February 2024

447,460

67,485

514,945

Charge for period

59,746

7,764

67,510

At 31 December 2024

507,206

75,249

582,455

NET BOOK VALUE

At 31 December 2024

586,194

29,501

615,695

At 28 February 2024

425,661

37,265

462,926

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

28.2.24

£

£

Trade debtors

196,760

218,263

Other debtors

62,349

52,386

259,109

270,649

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

28.2.24

£

£

Trade creditors

21,566

62,881

Amounts owed to group undertakings

51,410

49,878

Taxation and social security

8,121

13,237

Other creditors

99,032

313,116

180,129

439,112

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

28.2.24

value:

£

£

10,000

Ordinary

£1

10,000

10,000

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

William Oates BA FCA (Senior Statutory Auditor)

for and on behalf of Brooks Mayfield Limited

10.	CONTINGENT LIABILITIES

During the year ended 28th February 2022 a fire took place at the premises, caused by a third party, in which fixed assets were destroyed and costs such as site clearance fees and professional fees were incurred. At the signing of these accounts it still cannot be reasonably or reliably predicted or quantified whether any more costs or whether a financial claim against the third party to recover the costs will be successful.

11.	CONTROLLING PARTY

At the 28th February 2024 the parent company of Nottingham Recycling Limited is Macfarlane Group UK Limited, whose registered office is Siskin Parkway East, MIddlemarch Business Park, Coventry, CV3 4PE. The ultimate controlling party is Macfarlane Group PLC whose registered office is 3 Park Gardens, Glasgow, G3 7YE.