1 January 2024 false No description of principal activity Taxfiler 2024.6 08265472business:PrivateLimitedCompanyLtd2024-01-012024-12-31 082654722023-12-31 082654722024-01-012024-12-31 08265472business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 08265472business:AbridgedAccounts2024-01-012024-12-31 082654722024-12-31 08265472business:Director12024-01-012024-12-31 08265472business:Director22024-01-012024-12-31 08265472business:Director32024-01-012024-12-31 08265472business:RegisteredOffice2024-01-012024-12-31 082654722023-12-31 08265472core:WithinOneYear2024-12-31 08265472core:WithinOneYear2023-12-31 08265472core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 08265472core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 08265472core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 08265472core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 08265472core:PreviouslyStatedAmount2024-12-31 08265472core:PreviouslyStatedAmount2023-12-31 08265472business:SmallEntities2024-01-012024-12-31 08265472countries:EnglandWales2024-01-012024-12-31 082654722023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 08265472 (England and Wales)
Ink and Toner Recycling Ltd Unaudited accounts for the year ended 31 December 2024
Ink and Toner Recycling Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Ink and Toner Recycling Ltd Company Information for the year ended 31 December 2024
Directors
M Dhanji G Smedley T Smedley
Company Number
08265472 (England and Wales)
Registered Office
52 Burners Lane South Kiln Farm Milton Keynes Bucks MK11 3HD
Accountants
Riley Accountants Limited 1st Floor 11 High Street Tring Herts HP23 5AL
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Ink and Toner Recycling Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
23,904 
32,700 
Current assets
Inventories
212,763 
208,205 
Debtors
411,032 
243,472 
Cash at bank and in hand
94,249 
79,324 
718,044 
531,001 
Creditors: amounts falling due within one year
(448,420)
(308,344)
Net current assets
269,624 
222,657 
Total assets less current liabilities
293,528 
255,357 
Provisions for liabilities
Deferred tax
(3,287)
(3,287)
Net assets
290,241 
252,070 
Capital and reserves
Called up share capital
1,670 
1,670 
Profit and loss account
288,571 
250,400 
Shareholders' funds
290,241 
252,070 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by
T Smedley Director Company Registration No. 08265472
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Ink and Toner Recycling Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Ink and Toner Recycling Ltd is a private company, limited by shares, registered in England and Wales, registration number 08265472. The registered office is 52 Burners Lane South, Kiln Farm, Milton Keynes, Bucks, MK11 3HD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2024
91,439 
Additions
2,890 
At 31 December 2024
94,329 
Depreciation
At 1 January 2024
58,739 
Charge for the year
11,686 
At 31 December 2024
70,425 
Net book value
At 31 December 2024
23,904 
At 31 December 2023
32,700 
5
Average number of employees
During the year the average number of employees was 32 (2023: 32).
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