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Company Registration No. 05868077 (England and Wales)
Shred & Recycle Limited Unaudited accounts for the year ended 31 December 2025
Shred & Recycle Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Shred & Recycle Limited Company Information for the year ended 31 December 2025
Director
Andrew Baldry
Company Number
05868077 (England and Wales)
Registered Office
The New Farmhouse Houghton Hill Farm Houghton Huntingdon PE28 2DH
Accountants
Calm & Considered Accounting Ltd 5 Mandeville Road Brampton Huntingdon PE28 4SB
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Shred & Recycle Limited Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
221
322
Tangible assets
5
856,609
616,935
856,830
617,257
Current assets
Inventories
27,550
27,550
Debtors
6
75,457
93,327
Cash at bank and in hand
25,275
5,752
128,282
126,629
Creditors: amounts falling due within one year
7
(377,193)
(289,769)
Net current liabilities
(248,911)
(163,140)
Total assets less current liabilities
607,919
454,117
Creditors: amounts falling due after more than one year
8
(295,659)
(182,790)
Provisions for liabilities
Deferred tax
(64,297)
(99,523)
Net assets
247,963
171,804
Capital and reserves
Called up share capital
2
2
Profit and loss account
247,961
171,802
Shareholders' funds
247,963
171,804
For the year ending 31 December 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 July 2026 and were signed on its behalf by
Andrew Baldry Director Company Registration No. 05868077
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Shred & Recycle Limited Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Shred & Recycle Limited is a private company, limited by shares, registered in England and Wales, registration number 05868077. The registered office is The New Farmhouse, Houghton Hill Farm, Houghton, Huntingdon, PE28 2DH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
- 5 -
Shred & Recycle Limited Notes to the Accounts for the year ended 31 December 2025
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
£
Cost
At 1 January 2025
966
Additions
332
At 31 December 2025
1,298
Amortisation
At 1 January 2025
644
Charge for the year
433
At 31 December 2025
1,077
Net book value
At 31 December 2025
221
At 31 December 2024
322
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2025
1,053,119
179,244
1,232,363
Additions
463,082
-
463,082
Disposals
(76,109)
-
(76,109)
At 31 December 2025
1,440,092
179,244
1,619,336
Depreciation
At 1 January 2025
531,946
83,482
615,428
Charge for the year
176,650
11,227
187,877
On disposals
(40,578)
-
(40,578)
At 31 December 2025
668,018
94,709
762,727
Net book value
At 31 December 2025
772,074
84,535
856,609
At 31 December 2024
521,173
95,762
616,935
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Shred & Recycle Limited Notes to the Accounts for the year ended 31 December 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
44,994
11,140
Trade debtors
14,216
81,677
Other debtors
16,247
510
75,457
93,327
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
173,439
92,450
Trade creditors
152,244
148,447
Taxes and social security
47,852
42,476
Other creditors
2,407
2,186
Loans from directors
210
210
Accruals
1,041
4,000
377,193
289,769
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
295,659
182,790
The company has a bank loan secured by the government over a 10 year period. Interest is charged at 2.5% per annum. The liability at the year end was £4,380 (2024: £14,777).
9
Pension commitments
The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £9,754 (2024: £8,562). Contributions totalling £2,018 (2024: £1,782) were payable to the scheme at the year end and are included within creditors.
10
Average number of employees
During the year the average number of employees was 16 (2024: 15).
- 7 -