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REGISTERED NUMBER: 08311904 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Morris Recycling Limited

| Morris Recycling Limited (Registered number: 08311904) |

Contents of the Financial Statements

for the Year Ended 30 November 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Morris Recycling Limited |

Company Information

for the Year Ended 30 November 2025

| DIRECTOR: | A P Morris

| REGISTERED OFFICE: | Unit 34 Coneygree Industrial Estate

| Tipton

| West Midlands

| DY4 8XP

| REGISTERED NUMBER: | 08311904 (England and Wales)

| ACCOUNTANTS: | Pride Accountants

| Polymer Court

| Hope Street

| Dudley

| West Midlands

| DY2 8RS

| Morris Recycling Limited (Registered number: 08311904) |

Balance Sheet

30 November 2025

| 30.11.25 | 30.11.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,107,175 |  | 1,157,706 |  |

CURRENT ASSETS

Stocks | 120,665 |  | 128,925 |  |

Debtors | 5 | 501,322 |  | 260,359 |  |

Cash at bank | 78,137 |  | 124,084 |  |

700,124 |  | 513,368 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,077,577 |  | 602,414 |  |

NET CURRENT LIABILITIES | (377,453 | ) | (89,046 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 729,722 |  | 1,068,660 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (251,974 | ) | (419,338 | ) |

PROVISIONS FOR LIABILITIES | 10 | (53,064 | ) | (95,810 | ) |

NET ASSETS | 424,684 |  | 553,512 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 100 |  | 100 |  |

Retained earnings | 424,584 |  | 553,412 |  |

SHAREHOLDERS' FUNDS | 424,684 |  | 553,512 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

| Morris Recycling Limited (Registered number: 08311904) |

Balance Sheet - continued

30 November 2025

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 June 2026 and were signed by:

A P Morris - Director

| Morris Recycling Limited (Registered number: 08311904) |

Notes to the Financial Statements

for the Year Ended 30 November 2025

1. | STATUTORY INFORMATION

| Morris Recycling Limited 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery | - | 10% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Office equipment | - | 25% on reducing balance

| Government grants

| Government grants are recognised at their fair value received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and that the grants will be received.

| Government grants are recognised using the accruals model and where relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related cost for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the company with no future related costs, are recognised as income for the period in which they become receivable.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

| Morris Recycling Limited (Registered number: 08311904) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 35 (2024 - 32 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and |  | Motor |  | Office |

| machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 December 2024 | 1,636,496 |  | 217,291 |  | 3,084 |  | 1,856,871 |  |

| Additions | 84,000 |  | - |  | 916 |  | 84,916 |  |

| At 30 November 2025 | 1,720,496 |  | 217,291 |  | 4,000 |  | 1,941,787 |  |

| DEPRECIATION

| At 1 December 2024 | 552,434 |  | 144,825 |  | 1,906 |  | 699,165 |  |

| Charge for year | 116,806 |  | 18,117 |  | 524 |  | 135,447 |  |

| At 30 November 2025 | 669,240 |  | 162,942 |  | 2,430 |  | 834,612 |  |

| NET BOOK VALUE

| At 30 November 2025 | 1,051,256 |  | 54,349 |  | 1,570 |  | 1,107,175 |  |

| At 30 November 2024 | 1,084,062 |  | 72,466 |  | 1,178 |  | 1,157,706 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.11.25 |  | 30.11.24

£ | £ |

| Trade debtors | 201,872 |  | 218,941 |  |

| Other debtors | 135,176 |  | - |  |

| Prepayments | 164,274 |  | 41,418 |  |

501,322 |  | 260,359 |  |

| Morris Recycling Limited (Registered number: 08311904) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.11.25 |  | 30.11.24

£ | £ |

| Bank loans and overdrafts | 9,090 |  | 18,182 |  |

| Hire purchase contracts (see note 8) | 303,858 |  | 186,840 |  |

| Trade creditors | 587,875 |  | 226,415 |  |

| Taxation and social security | 80,733 |  | 100,682 |  |

| Other creditors | 96,021 |  | 70,295 |  |

1,077,577 |  | 602,414 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.11.25 |  | 30.11.24

£ | £ |

| Bank loans | - |  | 9,090 |  |

| Hire purchase contracts (see note 8) | 251,974 |  | 410,248 |  |

251,974 |  | 419,338 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments under hire purchase fall due as follows:

| 30.11.25 |  | 30.11.24 |

£ | £ |

| Gross obligations repayable:

| Within one year | 373,965 |  | 236,549 |  |

| Between one and five years | 338,403 |  | 543,215 |  |

712,368 |  | 779,764 |  |

| Finance charges repayable:

| Within one year | 70,107 |  | 49,709 |  |

| Between one and five years | 86,429 |  | 132,967 |  |

156,536 |  | 182,676 |  |

| Net obligations repayable:

| Within one year | 303,858 |  | 186,840 |  |

| Between one and five years | 251,974 |  | 410,248 |  |

555,832 |  | 597,088 |  |

9. | SECURED DEBTS

| National Westminster Bank Plc hold an all assets debenture containing a fixed and floating charge dated 15th October 2021.

| Morris Recycling Limited (Registered number: 08311904) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

10. | PROVISIONS FOR LIABILITIES

| 30.11.25 |  | 30.11.24

£ | £ |

| Deferred tax | 53,064 |  | 95,810 |  |

| Deferred |

| tax |

£ |

| Balance at 1 December 2024 | 95,810 |  |

| Provided during year | (42,746 | ) |

| Balance at 30 November 2025 | 53,064 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.11.25 |  | 30.11.24

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

12. | RELATED PARTY DISCLOSURES

| Debtors (including non interest bearing loans) as at 30th November 2025 include due from Drew Bob Limited £183,176, (2024 - £nil), due from Blue Logan Limited £50,000 (2024 - £nil) and due from Nimbus Storage Limited £9,000. (2024 - £nil)

| Creditors (including non interest bearing loans) as at 30th November 2025 include due to Drew Bob Limited £111,250, (2024 - £41,000), due to Blue Logan Limited £194,800 (2024 - £20,400) and due to Nimbus Storage Limited £10,800. (2024 - £nil)

| Morris Recycling Limited, Blue Logan Limited, Drew Bob Limited and Nimbus Storage Limited share common directors and shareholders.

13. | ULTIMATE CONTROLLING PARTY

| The company is under the control of its director Mr A P Morris as he owns all of the issued share capital.