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Registered number: 12233991
RGE Recycling Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2025
Accsys Accountants Limited
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Directors Mr R G Eastwood
Mrs M R Eastwood
Secretary Mrs M R Eastwood
Company Number 12233991
Registered Office Trade Fair House 2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD
Accountants Accsys Accountants Limited
Chartered Accountants
Trade Fair House 2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD
Page 1
Page 2
Balance Sheet
Registered number: 12233991
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 534,571 683,655
Investments 5 200,000 200,000
734,571 883,655
CURRENT ASSETS
Stocks 6 35,000 43,500
Debtors 7 96,602 175,688
Cash at bank and in hand 395,277 168,760
526,879 387,948
Creditors: Amounts Falling Due Within One Year 8 (366,288 ) (264,269 )
NET CURRENT ASSETS (LIABILITIES) 160,591 123,679
TOTAL ASSETS LESS CURRENT LIABILITIES 895,162 1,007,334
Creditors: Amounts Falling Due After More Than One Year 9 (143,318 ) (225,672 )
NET ASSETS 751,844 781,662
CAPITAL AND RESERVES
Called up share capital 11 3 3
Profit and Loss Account 751,841 781,659
SHAREHOLDERS' FUNDS 751,844 781,662
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For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 29 May 2026 and were signed on its behalf by:
Mr R G Eastwood
Director
Mrs M R Eastwood
Director
29/05/2026
The notes on pages 4 to 7 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
RGE Recycling Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12233991 . The registered office is Trade Fair House 2 West Court, Enterprise Road, Maidstone, Kent, ME15 6JD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33.33% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2024: 11)
12 11
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2024 771,416 155,295 35,551 5,703 967,965
Additions 64,350 103,745 2,582 13,189 183,866
Disposals (175,000 ) (114,500 ) (875 ) (1,458 ) (291,833 )
As at 30 September 2025 660,766 144,540 37,258 17,434 859,998
Depreciation
As at 1 October 2024 187,843 79,567 13,903 2,997 284,310
Provided during the period 128,318 31,171 5,801 2,170 167,460
Disposals (62,786 ) (62,187 ) (368 ) (1,002 ) (126,343 )
As at 30 September 2025 253,375 48,551 19,336 4,165 325,427
Net Book Value
As at 30 September 2025 407,391 95,989 17,922 13,269 534,571
As at 1 October 2024 583,573 75,728 21,648 2,706 683,655
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5. Investments
Listed
£
Cost or Valuation
As at 1 October 2024 200,000
As at 30 September 2025 200,000
Provision
As at 1 October 2024 -
As at 30 September 2025 -
Net Book Value
As at 30 September 2025 200,000
As at 1 October 2024 200,000
6. Stocks
2025 2024
£ £
Stock 35,000 43,500
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 78,110 166,825
Other debtors 18,492 8,863
96,602 175,688
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 72,354 67,988
Trade creditors 110,822 52,286
Bank loans and overdrafts 13,073 18,699
Other creditors 3,837 584
Taxation and social security 166,202 124,712
366,288 264,269
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 141,351 213,705
Bank loans 1,967 11,967
143,318 225,672
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10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 72,354 67,988
Later than one year and not later than five years 141,351 213,705
213,705 281,693
213,705 281,693
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 3 3
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