REGISTERED NUMBER: 08425527 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2025 to 31 December 2025

for

WF Recycle-Tech Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

M A Bevan

D M Hutchinson

P Lloyd

J M Dennis

J R Zwolinski

REGISTERED OFFICE:

Arena Offices, Office 1f10

Watchmoor Park

Riverside Way

Camberley

Surrey

GU15 3YL

REGISTERED NUMBER:

08425527 (England and Wales)

ACCOUNTANTS:

Butt Miller

Chartered Accountants

1 Minster Court

Tuscam Way

Camberley

Surrey

GU15 3YY

FIXED ASSETS

Tangible assets

4

8,160

9,484

CURRENT ASSETS

Stocks

5

1,008,575

-

Debtors

6

40,368

57,072

Cash at bank and in hand

459,592

544,108

1,508,535

601,180

CREDITORS

Amounts falling due within one year

7

(4,607,089

)

(2,864,029

)

NET CURRENT LIABILITIES

(3,098,554

)

(2,262,849

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,090,394

)

(2,253,365

)

CAPITAL AND RESERVES

Called up share capital

600,000

600,000

Share premium

650,000

650,000

Retained earnings

(4,340,394

)

(3,503,365

)

SHAREHOLDERS' FUNDS

(3,090,394

)

(2,253,365

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2026 and were signed on its behalf by:

M A Bevan - Director

1.	STATUTORY INFORMATION

WF Recycle-Tech 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.

The previous accounting period was extended for operational purposes and the current accounting period was shortened to bring it in line with the calendar year ahead of a change of beneficial owner. As a result, the comparative amounts presented in the financial statements (including the notes) are not entirely comparable.

Turnover

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

Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering services is recognised by reference to the stage of completion of the contract. The stage of completion of the contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Where amounts are received from customers in respect of work yet to be performed by the company, these are shown in creditors as deferred income.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Work in progress

Work in progress is valued at the lower of cost and net realisable value. Cost comprises direct costs incurred in respect of systems under assembly at the statement of financial position date.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Foreign currency translation

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leasing

Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

Pensions

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

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2025

3,869

5,615

9,484

Additions

-

484

484

At 31 December 2025

3,869

6,099

9,968

DEPRECIATION

Charge for period

725

1,083

1,808

At 31 December 2025

725

1,083

1,808

NET BOOK VALUE

At 31 December 2025

3,144

5,016

8,160

At 31 March 2025

3,869

5,615

9,484

5.

STOCKS

2025

2025

£

£

Work-in-progress

1,008,575

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2025

£

£

Trade debtors

-

24,718

VAT

23,223

19,101

Prepayments

17,145

13,253

40,368

57,072

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2025

£

£

Trade creditors

48,096

95,971

Social security and other taxes

11,123

24,758

Other creditors

2,821,466

1,920,844

Accruals

526,404

222,456

Deferred income

1,200,000

600,000

4,607,089

2,864,029

8.	SECURITIES

There is a debenture in place comprising fixed and floating charges over the assets of the company, in favour of a shareholder in the company, Farrel Corporation.

Total amounts owed to Farrel Corporation as at 31 December 2025 were £1,342,064 (as at 31 March 2025: £468,727).