Recycle Shop Limited - Filleted accounts

Registered number

06889763

Recycle Shop Limited

Filleted Accounts

30 April 2025

Recycle Shop Limited
Registered number:		06889763
Balance Sheet
as at 30 April 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		14,139			20,089

Current assets
Stocks		52,968			552,968
Debtors	4	977,804			578,414
Cash at bank and in hand		83,470			81,110
		1,114,242			1,212,492

Creditors: amounts falling due within one year	5	(578,330)			(612,952)

Net current assets			535,912			599,540

Total assets less current liabilities			550,051			619,629

Creditors: amounts falling due after more than one year	6		(34,656)			(94,974)

Provisions for liabilities			(14,869)			(14,869)


Net assets			500,526			509,786

Capital and reserves
Called up share capital			1,010			1,010
Profit and loss account			499,516			508,776

Shareholders' funds			500,526			509,786

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 members have 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.




I Kamil
Director
Approved by the board on 6 January 2026

Recycle Shop Limited
Notes to the Accounts
for the year ended 30 April 2025


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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	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:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	20% reducing balance
	Fixtures, fittings, tools and equipment	over 5 years
	Motor vehicles	25% reducing balance

	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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			16		17


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 May 2024	43,493		23,979		67,472
	Additions	915		-		915
	At 30 April 2025	44,408		23,979		68,387

	Depreciation
	At 1 May 2024	35,893		11,490		47,383
	Charge for the year	1,743		5,122		6,865
	At 30 April 2025	37,636		16,612		54,248

	Net book value
	At 30 April 2025	6,772		7,367		14,139
	At 30 April 2024	7,600		12,489		20,089


4	Debtors			2025		2024
£					£

	Trade debtors			857,886		465,497
	Prepayments			112,492		112,492
	Other debtors			7,426		425
				977,804		578,414




5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			3,453		-
	Trade creditors			509,407		555,220
	Corporation tax			8,580		2,999
	Other taxes and social security costs			20,018		14,077
	Other creditors			36,872		40,656
				578,330		612,952


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			34,656		94,974


7	Other information

	Recycle Shop Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 5d
	Bestwood Business Park
	Nottingham
	Nottinghamshire
	NG6 8TQ