REGISTERED NUMBER: 12988894 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

H & M RECYCLING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E C S Medforth

H P R Harrison

REGISTERED OFFICE:

Main Street

Flixton, Scarborough

North Yorkshire

YO11 3UD

REGISTERED NUMBER:

12988894 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Tangible assets

4

317,258

114,947

CURRENT ASSETS

Stocks

-

3,920

Debtors

5

28,594

62,788

Cash at bank and in hand

20

2,223

28,614

68,931

CREDITORS

Amounts falling due within one year

6

351,429

246,795

NET CURRENT LIABILITIES

(322,815

)

(177,864

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,557

)

(62,917

)

CREDITORS

Amounts falling due after more than one year

7

141,185

19,604

NET LIABILITIES

(146,742

)

(82,521

)

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

(146,744

)

(82,523

)

SHAREHOLDERS' FUNDS

(146,742

)

(82,521

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2026 and were signed on its behalf by:

E C S Medforth - Director

H P R Harrison - Director

1.	STATUTORY INFORMATION

H & M Recycling Ltd 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.

Due to the continued support of the company's directors, the accounts have been prepared using the going concern basis.

Turnover

Turnover is derived from the sale of recycling cartridges and other plastic materials, and the hire of plant. The income derived from recycling is recognised when goods are received and the income derived from plant hire is recognised on the supply of goods.

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.

Buildings

-

2% on cost

Plant and machinery

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax 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.

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 statement of income and retained earnings over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to statement of income and retained earnings on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company has implemented an auto-enrolment pension in respect of all employees. Contributions are charged to the statement of income and retained earnings in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2025

1,750

169,449

171,199

Additions

-

291,382

291,382

Disposals

-

(91,150

)

(91,150

)

At 31 March 2026

1,750

369,681

371,431

DEPRECIATION

At 1 April 2025

76

56,176

56,252

Charge for year

35

17,886

17,921

Eliminated on disposal

-

(20,000

)

(20,000

)

At 31 March 2026

111

54,062

54,173

NET BOOK VALUE

At 31 March 2026

1,639

315,619

317,258

At 31 March 2025

1,674

113,273

114,947

The net book value of tangible fixed assets includes £ 213,292 (2025 - £ 66,233 ) in respect of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

13,561

61,321

Other debtors

15,033

1,467

28,594

62,788

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

29,706

19,268

Hire purchase contracts

37,467

15,827

Trade creditors

3,140

30,606

Amounts owed to group undertakings

144,714

-

Taxation and social security

-

699

Other creditors

136,402

180,395

351,429

246,795

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts

141,185

19,604

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Hire purchase contracts

178,652

35,431

Factoring account

-

45,800

178,652

81,231

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

2

Ordinary

£1

2

2