Bexley Recycling Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11716720

Bexley Recycling Ltd

Filleted Unaudited Financial Statements

31 December 2025

Bexley Recycling Ltd

Financial Statements

Year ended 31 December 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Bexley Recycling Ltd

Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	1,035,020	1,085,531

Current assets

Stocks		–	15,318
Debtors	6	302,341	220,573
Cash at bank and in hand		17,612	14,835
		---------	---------
		319,953	250,726

Creditors: amounts falling due within one year	7	1,068,792	888,432
		------------	---------
Net current liabilities		748,839	637,706
		------------	------------
Total assets less current liabilities		286,181	447,825

Creditors: amounts falling due after more than one year	8	160,693	148,709

Provisions	5,760	49,138
	---------	---------
Net assets	119,728	249,978
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	119,628	249,878
	---------	---------
Shareholders funds	119,728	249,978
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Bexley Recycling Ltd

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 12 August 2026 , and are signed on behalf of the board by:

Mr RK Body

Director

Company registration number: 11716720

Bexley Recycling Ltd

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, CT1 3DN, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis relying on the continuing support of companies under common control. The Directors have assessed the ability of the connected companies to continue to support the company, and have confirmed the going concern basis is appropriate.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% straight line
Fixtures and fittings	-	33% straight line
Equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 January 2025	1,435,601	8,638	374	1,444,613
Additions	137,000	–	–	137,000
Disposals	–	–	374	374
	------------	-------	----	------------
At 31 December 2025	1,572,601	8,638	748	1,581,987
	------------	-------	----	------------
Depreciation
At 1 January 2025	351,424	7,284	374	359,082
Charge for the year	186,261	1,250	–	187,511
Disposals	–	–	374	374
	------------	-------	----	------------
At 31 December 2025	537,685	8,534	748	546,967
	------------	-------	----	------------
Carrying amount
At 31 December 2025	1,034,916	104	–	1,035,020
	------------	-------	----	------------
At 31 December 2024	1,084,177	1,354	–	1,085,531
	------------	-------	----	------------

6. Debtors

	2025	2024
	£	£
Trade debtors	244,815	146,279
Other debtors	57,526	74,294
	---------	---------
	302,341	220,573
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	5,287	10,375
Trade creditors	231,747	221,711
Social security and other taxes	33,527	19,176
Other creditors	798,231	637,170
	------------	---------
	1,068,792	888,432
	------------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	5,288
Other creditors	160,693	143,421
	---------	---------
	160,693	148,709
	---------	---------

9. Related party transactions

At the balance sheet date, the company had trade debtor balances of £7,442 (2024: £24,981) due from companies related through common control. At the balance sheet date, the company had other creditor balances payable of £705,297 (2024: £559,300) and trade creditor balances payable of £30,074 (2024: £181,618) due to companies related through common control.