Green World Recycling Limited - Filleted accounts

Registered number

03558720

Green World Recycling Limited

Filleted Accounts

31 December 2025

Green World Recycling Limited
Registered number:		03558720
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		470,248			491,764

Current assets
Stocks		114,751			161,615
Debtors	4	194,013			217,803
Cash at bank and in hand		625			5,547
		309,389			384,965

Creditors: amounts falling due within one year	5	(621,103)			(361,681)

Net current (liabilities)/assets			(311,714)			23,284

Total assets less current liabilities			158,534			515,048

Creditors: amounts falling due after more than one year	6		(366,742)			(523,102)



Net liabilities			(208,208)			(8,054)

Reserves
Income and expenditure account			(208,208)			(8,054)

			(208,208)			(8,054)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




A J Carvalho
Director
Approved by the board on 16 October 2026

Green World Recycling Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 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 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Recycling banks			10% on a straight line
	Office equipment			20% on a straight line
	Plant and machinery			20% on a straight line
	Motor vehicles			10% on a straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025				2024
Number							Number

	Average number of persons employed by the company					22				26


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Recycling banks	Short leasehold	Total
£			£		£		£
	Cost
	At 1 January 2025	121,164		110,558		552,858		358,478	6,687	1,149,745
	Additions	-		14,638		22,995		684	-	38,317
	Disposals	-		(7,870)		-		-	-	(7,870)
	At 31 December 2025	121,164		117,326		575,853		359,162	6,687	1,180,192

	Depreciation
	At 1 January 2025	77,090		95,244		210,728		273,559	1,360	657,981
	Charge for the year	4,407		2,237		36,513		8,560	533	52,250
	On disposals	-		(287)		-		-		(287)
	At 31 December 2025	81,497		97,194		247,241		282,119	1,893	709,944

	Net book value
	At 31 December 2025	39,667		20,132		328,612		77,043	4,794	470,248
	At 31 December 2024	44,074		15,314		342,130		84,919	5,327	491,764


4	Debtors					2025				2024
£							£

	Trade debtors					124,612				131,220
	Other debtors					69,401				86,583
						194,013				217,803


5	Creditors: amounts falling due within one year					2025				2024
£							£

	Bank loans and overdrafts					55,828				6,932
	Obligations under finance lease and hire purchase contracts					26,854				39,821
	Trade creditors					271,446				194,249
	Taxation and social security costs					112,655				57,284
	Other creditors					154,320				63,395
						621,103				361,681


6	Creditors: amounts falling due after one year					2025				2024
£							£

	Bank loans					9,470				31,901
	Obligations under finance lease and hire purchase contracts					75,013				118,496
	Other creditors					282,259				372,705
						366,742				523,102


7	Other information

	Green World Recycling Limited is a private company limited by guarantee and incorporated in England. Its registered office is:
	Unit 15 , The Hayes Trading Estate
	Folkes Road
	Lye Stourbridge
	West Midlands
	DY9 8RG

8	Donation
	During the year the company made a donation of £507 to DAPP-UK.