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Company Registration No. 07917282 (England and Wales)
Anglo Recycling Company Limited Unaudited accounts for the year ended 31 January 2026
Anglo Recycling Company Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Anglo Recycling Company Limited Company Information for the year ended 31 January 2026
Directors
Robert Shaun Pretorius Assim Anthony Al-Ghabban
Company Number
07917282 (England and Wales)
Registered Office
Unit 111, Image Court 328 Molesey Road Hersham KT12 3PD England
Accountants
B McGarr & Co Ltd C112 - 326-338 Molesey Road Hersham KT12 3PD
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Anglo Recycling Company Limited Statement of financial position as at 31 January 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
3
289,140
304,670
Current assets
Inventories
-
4,550
Debtors
4
345,754
408,290
Cash at bank and in hand
666,333
300,983
1,012,087
713,823
Creditors: amounts falling due within one year
5
(383,071)
(398,946)
Net current assets
629,016
314,877
Total assets less current liabilities
918,156
619,547
Creditors: amounts falling due after more than one year
6
(368,228)
(176,894)
Provisions for liabilities
Other provisions
(76,168)
(76,168)
Net assets
473,760
366,485
Capital and reserves
Called up share capital
2
2
Profit and loss account
473,758
366,483
Shareholders' funds
473,760
366,485
For the year ending 31 January 2026 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 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 of Directors and authorised for issue on 16 July 2026 and were signed on its behalf by
Robert Shaun Pretorius Director Company Registration No. 07917282
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Anglo Recycling Company Limited Notes to the Accounts for the year ended 31 January 2026
1
Statutory information
Anglo Recycling Company Limited is a private company, limited by shares, registered in England and Wales, registration number 07917282. The registered office is Unit 111, Image Court 328 Molesey Road, Hersham, KT12 3PD, England.
2
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.
Statement of compliance
These financial statements have been prepared in accordance with financial Reporting Standard 102 Section 1A smaller entitles - '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
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Revenue Recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue tan be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Foreign currency transactions and balances
Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and labilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured. Non-monetary Items measured in terms of historical cost in a foreign currency are not retranslated.
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. 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.
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Anglo Recycling Company Limited Notes to the Accounts for the year ended 31 January 2026
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 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:
Plant & machinery
33.33% Straight line
Motor vehicles
25% Straight Line
Fixtures & fittings
33.33% Straight line
Computer equipment
33.33% Straight line
Trade 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.
Stocks
Stocks are stated al the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.
Borrowings
Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
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Anglo Recycling Company Limited Notes to the Accounts for the year ended 31 January 2026
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation. Lease payments are apportioned between finance costs in the profit and loss account and reduction of the se obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources recelved or receivable, net of the direct casts 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. it contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Financial Instruments
Classification The Company has chosen to adopt sections 11 and 12 of FRS 102 in respect of financial instruments. Recognition and measurement Financial Instruments are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.
Impairment
Financial instruments are Initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.
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Anglo Recycling Company Limited Notes to the Accounts for the year ended 31 January 2026
3
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2025
456,726
835,639
6,512
21,247
1,320,124
Additions
5,707
82,312
387
24,417
112,823
At 31 January 2026
462,433
917,951
6,899
45,664
1,432,947
Depreciation
At 1 February 2025
357,637
639,965
4,328
13,524
1,015,454
Charge for the year
28,448
88,173
1,586
10,146
128,353
At 31 January 2026
386,085
728,138
5,914
23,670
1,143,807
Net book value
At 31 January 2026
76,348
189,813
985
21,994
289,140
At 31 January 2025
99,089
195,674
2,184
7,723
304,670
4
Debtors
2026
2025
£
£
Amounts falling due within one year
VAT
3,911
-
Trade debtors
218,072
336,947
Accrued income and prepayments
58,390
48,322
Other debtors
65,381
23,021
345,754
408,290
5
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
20,439
46,000
Obligations under finance leases and hire purchase contracts
-
105,013
Trade creditors
128,371
161,891
Taxes and social security
201,420
29,826
Other creditors
955
56,216
Loans from directors
1,390
-
Accruals
30,496
-
383,071
398,946
6
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
11,501
11,501
Obligations under finance leases and hire purchase contracts
153,410
48,190
Amounts owed to group undertakings and other participating interests
96,487
-
Other creditors
106,830
117,203
368,228
176,894
- 8 -
Anglo Recycling Company Limited Notes to the Accounts for the year ended 31 January 2026
7
Average number of employees
During the year the average number of employees was 72 (2025: 72).
- 9 -