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Registered Number: 05211749


 

 

 

MERTHYR BOROUGH RECYCLING CENTRE LIMITED



Abridged Accounts
 


Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

MERTHYR BOROUGH RECYCLING CENTRE LIMITED
Contents Page
For the year ended 31 October 2024
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Intangible fixed assets 3 55,370    56,480 
Tangible fixed assets 4 2,319,358    2,239,711 
2,374,728    2,296,191 
Current assets      
Debtors 1,105,455    707,633 
Cash at bank and in hand 477,094    507,749 
1,582,549    1,215,382 
Creditors: amount falling due within one year (802,420)   (611,649)
Net current assets 780,129    603,733 
 
Total assets less current liabilities 3,154,857    2,899,924 
Creditors: amount falling due after more than one year (375,855)   (317,880)
Net assets 2,779,002    2,582,044 
 

Capital and reserves 		     
Called up share capital 10,000    10,000 
Profit and loss account 2,769,002    2,572,044 
Shareholders' funds 2,779,002    2,582,044 
 


For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 28 November 2025 and were signed on its behalf by:


-------------------------------
Glyn BRANNAN
Director
1
General Information
MERTHYR BOROUGH RECYCLING CENTRE LIMITED is a private company, limited by shares, registered in , registration number 05211749, registration address TY LWYFAN, GRAIG Y BEDW NEW TREDEGAR GWENT, NP24 6NS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 10% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 20 (2023 : 20).
3.

Intangible fixed assets

Cost Other   Total
  £   £
At 01 November 2023 149,210    149,210 
Additions -    - 
Disposals -    - 
At 31 October 2024 149,210    149,210 
Amortisation
At 01 November 2023 92,730    92,730 
Charge for year 1,110    1,110 
On disposals -    - 
At 31 October 2024 93,840    93,840 
Net book values
At 31 October 2024 55,370    55,370 
At 31 October 2023 56,480    56,480 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 November 2023 3,563,255    3,563,255 
Additions 527,115    527,115 
Disposals (399,500)   (399,500)
At 31 October 2024 3,690,870    3,690,870 
Depreciation
At 01 November 2023 1,323,544    1,323,544 
Charge for year 199,148    199,148 
On disposals (151,180)   (151,180)
At 31 October 2024 1,371,512    1,371,512 
Net book values
Closing balance as at 31 October 2024 2,319,358    2,319,358 
Opening balance as at 01 November 2023 -    - 


2