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Registration number: 07761026

Fleetwood Recycling Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 June 2025

Fleetwood Recycling Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 6

Fleetwood Recycling Limited

(Registration number: 07761026)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 76,953 | 104,017
Current assets |  |  |
Debtors | 5 | 153,629 | 79,208
Cash at bank and in hand |  | 2,067 | 2,214
|  | 155,696 | 81,422
Creditors: Amounts falling due within one year | 6 | (45,310) | (36,283)
Net current assets |  | 110,386 | 45,139
Total assets less current liabilities |  | 187,339 | 149,156
Provisions for liabilities |  | (19,243) | (24,928)
Net assets |  | 168,096 | 124,228
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 167,996 | 124,128
Shareholders' funds |  | 168,096 | 124,228

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 March 2026 and signed on its behalf by:

M B Marshall Director |  |

Fleetwood Recycling Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
C/o Milsted Langdon LLP
Motivo House
Alvington
Yeovil
Somerset
BA20 2FG

These financial statements were authorised for issue by the Board on 17 March 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue from the provision of services in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
a) the amount of revenue can be reliably measured;
b) it is probable that future economic benefit will flow to the entity;
c) the stage of completion of the contract at the end of the reporting period can be reliably measured; and
d) the costs incurred and the costs to complete the contract can be reliably measured.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Fleetwood Recycling Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor vehicles | 10% reducing balance
Plant and machinery | 25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fleetwood Recycling Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension
fund and the company has no legal or constructive obligation to pay further contributions even if the
fund does not hold sufficient assets to pay all employees the benefits relating to employee service in
the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they
are due. If contribution payments exceed the contribution due for service, the excess is recognised as
a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 4 (2024 - 1).

Fleetwood Recycling Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

4 | Tangible assets

| Plant and machinery £ | Motor vehicles £ | Total £
Cost or valuation
At 1 July 2024 | 126,788 | 27,268 | 154,056
Disposals | - | (6,701) | (6,701)
At 30 June 2025 | 126,788 | 20,567 | 147,355
Depreciation
At 1 July 2024 | 42,077 | 7,962 | 50,039
Charge for the year | 21,178 | 1,490 | 22,668
Eliminated on disposal | - | (2,305) | (2,305)
At 30 June 2025 | 63,255 | 7,147 | 70,402
Carrying amount
At 30 June 2025 | 63,533 | 13,420 | 76,953
At 30 June 2024 | 84,711 | 19,306 | 104,017

5 | Debtors

| 2025 £ | 2024 £
Other debtors | 153,629 | 79,208
| 153,629 | 79,208

6 | Creditors

Due within one year | 2025 £ | 2024 £
Trade creditors | 486 | 3,785
Amounts due to related parties | - | 68
Social security and other taxes | 1,670 | 473
Other creditors | 48 | -
Accruals | 23,885 | 22,746
Corporation tax liability | 19,221 | 9,211
| 45,310 | 36,283

Fleetwood Recycling Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

7 | Related party transactions

Transactions with directors

2025 | At 1 July 2024 £ | Advances to director £ | Repayments by director £ | At 30 June 2025 £
M B Marshall
| (68) | 49,344 | (44,410) | 4,866

2024 | At 1 July 2023 £ | Advances to director £ | Repayments by director £ | At 30 June 2024 £
M B Marshall
| 39,507 | 49,835 | (89,410) | (68)

Interest is charged on the above loan at a rate of 2.25% per annum and the loan is repayable on demand.

Summary of transactions with other related parties

Fleetwood Grab Services Limited
(Company under common control) During the year Fleetwood Grab Services Limited received a loan from the company. No interest is charged on this loan. At the balance sheet date the amount due from Fleetwood Grab Services Limited was £145,702 (2024 - £66,702).

Loans to related parties

2025 | Other related parties £ | Total £
At start of period | 66,702 | 66,702
Advanced | 121,000 | 121,000
Repaid | (42,000) | (42,000)
At end of period | 145,702 | 145,702

2024 | Other related parties £ | Total £
At start of period | 93,960 | 93,960
Advanced | 57,000 | 57,000
Repaid | (84,258) | (84,258)
At end of period | 66,702 | 66,702