REGISTERED NUMBER: 07203165 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Fourway Pallet Recycling Ltd

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

Mr R Harris

REGISTERED OFFICE:

C/o BSM (UK) Accounants

Unit 9, Creekmouth Industrial Estate

57 River Road

Barking

Essex

IG11 0DA

REGISTERED NUMBER:

07203165 (England and Wales)

ACCOUNTANTS:

BSM (U.K) Accountants Ltd

Unit 9 Creekmouth Industrial Estate

57 River Road

Barking

Essex

IG11 0DA

The director presents his report with the financial statements of the company for the year ended 31 March 2025.

INCORPORATION

The company was incorporated on 25 March 2010 .

DIRECTOR

Mr R Harris held office during the whole of the period from 1 April 2024 to the date of this report.

The director, being eligible, offers himself for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr R Harris - Director

17 December 2025

TURNOVER

793,751

Cost of sales

603,640

GROSS PROFIT

190,111

Distribution costs

5,992

Administrative expenses

187,789

193,781

OPERATING LOSS

4

(3,670

)

Interest receivable and similar income

17,291

PROFIT BEFORE TAXATION

13,621

Tax on profit

-

PROFIT FOR THE FINANCIAL YEAR

13,621

FIXED ASSETS

Tangible assets

5

132,627

CURRENT ASSETS

Debtors

6

131,474

Cash at bank

875,067

1,006,541

CREDITORS

Amounts falling due within one year

7

757,641

NET CURRENT ASSETS

248,900

TOTAL ASSETS LESS CURRENT LIABILITIES

381,527

CREDITORS

Amounts falling due after more than one year

8

7,000

NET ASSETS

374,527

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

374,427

SHAREHOLDERS' FUNDS

374,527

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 17 December 2025 and were signed by:

Mr R Harris - Director

1.	STATUTORY INFORMATION

Fourway Pallet Recycling Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. 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

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	OPERATING LOSS

The operating loss is stated after charging:

£

Depreciation - owned assets

57,793

5.	TANGIBLE FIXED ASSETS

Short

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

13,368

48,437

128,615

190,420

DEPRECIATION

Charge for year

-

8,718

49,075

57,793

At 31 March 2025

-

8,718

49,075

57,793

NET BOOK VALUE

At 31 March 2025

13,368

39,719

79,540

132,627

At 31 March 2024

13,368

48,437

128,615

190,420

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

104,782

Other debtors

26,692

131,474

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

13,052

Other loans

4,900

VAT

25,000

Directors' loan accounts

713,289

Accrued expenses

1,400

757,641

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Hire purchase contracts

7,000