REGISTERED NUMBER: 07493232 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Racycle Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

R C Allsop

REGISTERED OFFICE:

Chris Allsop Industrial Park

Private Road No. 2

Colwick

Nottingham

Nottinghamshire

NG4 2JR

REGISTERED NUMBER:

07493232 (England and Wales)

ACCOUNTANTS:

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

FIXED ASSETS

Tangible assets

4

55,250

62,606

CURRENT ASSETS

Stocks

1,300,000

1,306,810

Debtors

5

76,766

60,750

Cash at bank

21,564

-

1,398,330

1,367,560

CREDITORS

Amounts falling due within one year

6

(1,015,027

)

(932,003

)

NET CURRENT ASSETS

383,303

435,557

TOTAL ASSETS LESS CURRENT LIABILITIES

438,553

498,163

CREDITORS

Amounts falling due after more than one year

7

(10,189

)

(30,833

)

NET ASSETS

428,364

467,330

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

428,362

467,328

SHAREHOLDERS' FUNDS

428,364

467,330

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 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 June 2026 and were signed by:

R C Allsop - Director

1.	STATUTORY INFORMATION

Racycle 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

33% on cost, 25% on cost, 20% on cost and 10% on cost

Fixtures and fittings

-

50% on cost, 33% on cost and 25% on cost

Motor vehicles

-

33% on cost and 25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - 1 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2025

609,077

2,206

30,550

641,833

Additions

16,400

-

-

16,400

At 31 March 2026

625,477

2,206

30,550

658,233

DEPRECIATION

At 1 April 2025

546,471

2,206

30,550

579,227

Charge for year

23,756

-

-

23,756

At 31 March 2026

570,227

2,206

30,550

602,983

NET BOOK VALUE

At 31 March 2026

55,250

-

-

55,250

At 31 March 2025

62,606

-

-

62,606

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 April 2025

and 31 March 2026

132,608

DEPRECIATION

At 1 April 2025

and 31 March 2026

132,608

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

30,580

18,742

Other debtors

46,186

42,008

76,766

60,750

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

44,813

49,116

Hire purchase contracts (see note 8)

14,000

14,000

Trade creditors

157,192

243,345

Amounts owed to participating interests

383,567

372,392

Taxation and social security

47,985

7,870

Other creditors

367,470

245,280

1,015,027

932,003

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

856

7,500

Hire purchase contracts (see note 8)

9,333

23,333

10,189

30,833

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2026

2025

£

£

Net obligations repayable:

Within one year

14,000

14,000

Between one and five years

9,333

23,333

23,333

37,333

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank overdrafts

34,813

39,116

Bank loans

10,856

17,500

Hire purchase contracts

23,333

37,333

69,002

93,949

Debenture including fixed and floating charge over all undertakings assets and property of the company dated 11 June 2013.

Bank loans are secured against specific assets owned by the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

2

Ordinary

£1

2

2

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Racycle Ltd for the year ended 31 March 2026 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Racycle Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Racycle Ltd and state those matters that we have agreed to state to the director of Racycle Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Racycle Ltd and its director for our work or for this report.

It is your duty to ensure that Racycle Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Racycle Ltd. You consider that Racycle Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Racycle Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

16 June 2026