REGISTERED NUMBER: 08401393 (England and Wales)

RECYCLE SOUTHERN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G R Ayling

A J Falzon

SECRETARY:

MC Secretaries Limited

REGISTERED OFFICE:

Lake House

2 Port Way

Port Solent

Portsmouth

Hampshire

PO6 4TY

REGISTERED NUMBER:

08401393 (England and Wales)

ACCOUNTANTS:

Morris Crocker

Chartered Accountants

Lake House

2 Port Way

Port Solent

Portsmouth

Hampshire

PO6 4TY

FIXED ASSETS

Tangible assets

4

381,559

83,379

CURRENT ASSETS

Debtors

5

1,223,027

871,619

Cash at bank and in hand

372,513

720,582

1,595,540

1,592,201

CREDITORS

Amounts falling due within one year

6

946,534

965,255

NET CURRENT ASSETS

649,006

626,946

TOTAL ASSETS LESS CURRENT LIABILITIES

1,030,565

710,325

CREDITORS

Amounts falling due after more than one year

7

(219,788

)

(12,237

)

PROVISIONS FOR LIABILITIES

8

(84,975

)

(9,765

)

NET ASSETS

725,802

688,323

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

725,702

688,223

SHAREHOLDERS' FUNDS

725,802

688,323

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

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

The directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2026 and were signed on its behalf by:

A J Falzon - Director

1.	STATUTORY INFORMATION

Recycle Southern Limited 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 represents the net value of recycling services provided during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

over the period of the lease

Plant and machinery etc

-

25% on reducing balance

Financial instruments

Debtors and cash at bank: Trade and other debtors are recognised at the settlement amount due after any trade discount offered. prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand includes cash on deposit or in a current account.

Creditors and provisions: Creditors and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of economic benefits to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Deferred tax

Deferred tax is recognised in respect of all timing differences at the balance sheet date, except as otherwise required in the paragraphs below.

Unrelieved 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 shall not be recognised on permanent differences, other than a business combination where assets (other than goodwill) give rise to a deferred tax asset or liability.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2024 - 35 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2024

383,462

381,488

764,950

Additions

-

378,515

378,515

At 31 July 2025

383,462

760,003

1,143,465

DEPRECIATION

At 1 August 2024

349,056

332,515

681,571

Charge for year

28,426

51,909

80,335

At 31 July 2025

377,482

384,424

761,906

NET BOOK VALUE

At 31 July 2025

5,980

375,579

381,559

At 31 July 2024

34,406

48,973

83,379

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 August 2024

171,000

Additions

350,000

Transfer to ownership

(171,000

)

At 31 July 2025

350,000

DEPRECIATION

At 1 August 2024

171,000

Charge for year

21,389

Transfer to ownership

(171,000

)

At 31 July 2025

21,389

NET BOOK VALUE

At 31 July 2025

328,611

At 31 July 2024

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

866,399

680,676

Amounts owed by group undertakings

302,948

131,371

Other debtors

53,680

59,572

1,223,027

871,619

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,468

10,213

Hire purchase contracts

70,025

4,684

Trade creditors

599,322

345,449

Amounts owed to group undertakings

174,070

433,997

Taxation and social security

78,798

154,283

Other creditors

13,851

16,629

946,534

965,255

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,769

12,237

Hire purchase contracts

218,019

-

219,788

12,237

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

84,975

9,765

Deferred

tax

£

Balance at 1 August 2024

9,765

Accelerated capital allowances

75,210

Balance at 31 July 2025

84,975

9.	ULTIMATE CONTROLLING PARTY

The parent company is Delta Holdings Southern Limited registered in England and Wales. The registered office address is Elbridge Farm Recycling Centre, Chichester Road, Bognor Regis, West Sussex, PO21 5EF. This is the same address for the principal place of business.

The ultimate controlling party is the board of directors.