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Registered number: 01053306
GB Recycling Group Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01053306
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 910,967 1,033,134
910,967 1,033,134
CURRENT ASSETS
Debtors 5 1,094,481 936,742
Cash at bank and in hand 355,039 326,620
1,449,520 1,263,362
Creditors: Amounts Falling Due Within One Year 6 (916,031 ) (505,134 )
NET CURRENT ASSETS (LIABILITIES) 533,489 758,228
TOTAL ASSETS LESS CURRENT LIABILITIES 1,444,456 1,791,362
Creditors: Amounts Falling Due After More Than One Year 7 (480,573 ) (519,290 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (29,776 )
NET ASSETS 963,883 1,242,296
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 963,783 1,242,196
SHAREHOLDERS' FUNDS 963,883 1,242,296
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 Patrick Huckle
Director
16/10/2026
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
GB Recycling Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01053306 . The registered office is 38 Cowslip Road, South Woodford, London, E18 1JW.
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 measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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:
Freehold 2% on cost
Plant & Machinery 15% on reducing balance
Motor Vehicles 20% on reducing balance
Office and Computer Equipment 15% to 33 1/3% on reducing balance
2.4. 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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2.5. 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.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 28 (2025: 28)
28 28
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Office and Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2025 679,810 712,475 918,102 13,743 2,324,130
Additions - - 36,391 8,578 44,969
Disposals - (20,000 ) (94,895 ) - (114,895 )
As at 31 March 2026 679,810 692,475 859,598 22,321 2,254,204
Depreciation
As at 1 April 2025 142,009 417,969 720,724 10,294 1,290,996
Provided during the period 13,595 42,641 37,921 2,542 96,699
Disposals - (8,025 ) (36,433 ) - (44,458 )
As at 31 March 2026 155,604 452,585 722,212 12,836 1,343,237
Net Book Value
As at 31 March 2026 524,206 239,890 137,386 9,485 910,967
As at 1 April 2025 537,801 294,506 197,378 3,449 1,033,134
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Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2026 2025
£ £
Plant & Machinery - 24,258
Motor Vehicles 57,338 98,110
57,338 122,368
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 648,478 392,518
Other debtors 446,003 544,224
1,094,481 936,742
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 16,803 34,977
Trade creditors 622,474 278,766
Bank loans and overdrafts 26,165 34,357
Other creditors 224,986 124,308
Taxation and social security 25,603 32,726
916,031 505,134
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 14,770 30,118
Bank loans 465,803 489,172
480,573 519,290
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2026 2025
£ £
Bank loans 352,024 368,811
8. Secured Creditors
Of the creditors the following amounts are secured.
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 31,572 65,095
Bank loans and overdrafts 489,468 511,029
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9. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 16,803 34,977
Later than one year and not later than five years 14,770 30,118
31,573 65,095
31,573 65,095
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
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