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Registered number: 07497265
Hurn Recycling Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 07497265
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 12,089 16,636
Tangible Assets 5 940,156 865,380
952,245 882,016
CURRENT ASSETS
Debtors 6 531,616 372,147
Cash at bank and in hand 27,752 33,095
559,368 405,242
Creditors: Amounts Falling Due Within One Year 7 (875,280 ) (681,371 )
NET CURRENT ASSETS (LIABILITIES) (315,912 ) (276,129 )
TOTAL ASSETS LESS CURRENT LIABILITIES 636,333 605,887
Creditors: Amounts Falling Due After More Than One Year 8 (195,189 ) (243,937 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (233,019 ) (214,213 )
NET ASSETS 208,125 147,737
CAPITAL AND RESERVES
Called up share capital 10 1,010 1,010
Profit and Loss Account 207,115 146,727
SHAREHOLDERS' FUNDS 208,125 147,737
Page 1
Page 2
For the year ending 31 March 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.
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.
On behalf of the board
Mr P Cascarino
Director
17 August 2026
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hurn Recycling Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07497265 . The registered office is 452 Bournemouth International Airport, Christchurch, Dorset, BH23 6NW.
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 recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to software costs. Amortisation is provided on a straight-line basis so as to write off the cost of each asset, less any estimated residual value, over its expected useful economic life. Software is amortised at 15% per annum.
2.5. 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:
Leasehold 25 years
Plant & Machinery 15% Straight line
Motor Vehicles 20% Reducing Balance
Computer Equipment 15% Straight line
2.6. 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.
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2.7. 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: 21 (2025: 18)
21 18
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 April 2025 100,180 857 101,037
As at 31 March 2026 100,180 857 101,037
Amortisation
As at 1 April 2025 84,266 135 84,401
Provided during the period 4,418 129 4,547
As at 31 March 2026 88,684 264 88,948
Net Book Value
As at 31 March 2026 11,496 593 12,089
As at 1 April 2025 15,914 722 16,636
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Page 5
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 April 2025 47,543 639,752 903,716 1,591,011
Additions - 147,440 154,670 302,110
Disposals - - (84,050 ) (84,050 )
As at 31 March 2026 47,543 787,192 974,336 1,809,071
Depreciation
As at 1 April 2025 4,878 294,715 426,038 725,631
Provided during the period 1,901 94,864 102,342 199,107
Disposals - - (55,823 ) (55,823 )
As at 31 March 2026 6,779 389,579 472,557 868,915
Net Book Value
As at 31 March 2026 40,764 397,613 501,779 940,156
As at 1 April 2025 42,665 345,037 477,678 865,380
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2026 2025
£ £
Plant & Machinery 157,674 183,015
Motor Vehicles 331,598 333,663
489,272 516,678
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 336,544 287,105
Amounts owed by group undertakings 152,138 59,567
Other debtors 42,934 25,475
531,616 372,147
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7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 196,724 193,499
Trade creditors 281,800 192,931
Bank loans and overdrafts 163,535 179,622
Other creditors 145,058 57,118
Taxation and social security 88,163 58,201
875,280 681,371
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 125,927 197,013
Bank loans 69,262 46,924
195,189 243,937
The bank loan is secured by both a fixed and floating charge covering the property of the company.
9. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 196,724 193,499
Later than one year and not later than five years 125,927 197,013
322,651 390,512
322,651 390,512
10. Share Capital
2026 2025
Allotted, called up and fully paid £ £
808 Ordinary A shares of £ 1.00 each 808 808
100 Ordinary B shares of £ 1.00 each 100 100
1 Ordinary C shares of £ 1.00 each 1 1
101 Ordinary D shares of £ 1.00 each 101 101
1,010 1,010
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11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2026 2025
£ £
Not later than one year 80,000 80,000
Later than one year and not later than five years 400,000 400,000
Later than five years 1,186,665 1,266,665
1,666,665 1,746,665
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