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Registered number: 3622696
ADS Recycling Limited
Unaudited Financial Statements
For The Year Ended 31 January 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 3622696
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 29,075 41,748
29,075 41,748
CURRENT ASSETS
Debtors 5 1,642,140 1,450,293
Cash at bank and in hand 129,703 103,527
1,771,843 1,553,820
Creditors: Amounts Falling Due Within One Year 6 (1,325,644 ) (1,068,162 )
NET CURRENT ASSETS (LIABILITIES) 446,199 485,658
TOTAL ASSETS LESS CURRENT LIABILITIES 475,274 527,406
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,494 ) (5,619 )
NET ASSETS 470,780 521,787
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 470,778 521,785
SHAREHOLDERS' FUNDS 470,780 521,787
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For the year ending 31 January 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 Neill Thomson
Director
19/10/2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
ADS Recycling Limited is a private company, limited by shares, incorporated in England & Wales, registered number 3622696 . The registered office is 63 Camsley Lane, Lymm, Warrington, Cheshire, WA13 9BY.
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.
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.
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 stated at cost less depreciation. 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:
Leasehold 10% on cost
Plant & Machinery 20% reducing balance
Computer Equipment 33.3% on cost
2.4. 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 24 (2025: 24)
24 24
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2025 172,565 143,388 5,005 320,958
As at 31 January 2026 172,565 143,388 5,005 320,958
Depreciation
As at 1 February 2025 153,288 120,917 5,005 279,210
Provided during the period 8,179 4,494 - 12,673
As at 31 January 2026 161,467 125,411 5,005 291,883
Net Book Value
As at 31 January 2026 11,098 17,977 - 29,075
As at 1 February 2025 19,277 22,471 - 41,748
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 768,006 604,391
Prepayments and accrued income 11,841 10,952
Other debtors - 35,000
Amounts owed by related undertakings 862,293 799,950
1,642,140 1,450,293
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 202,244 116,095
Corporation tax 120,181 120,021
Other taxes and social security 53,883 44,319
Other creditors 25,374 6,354
Amounts owed to group undertakings 887,270 744,680
Amounts owed to related undertakings 36,692 36,693
1,325,644 1,068,162
7. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 2 2
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8. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is ADS Holdings Limited . ADS Holdings Limited was incorporated in England and Wales. The ultimate controlling party is Mr Neill Thomson who controls 100% of the shares of ADS Recycling Limited .
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