REGISTERED NUMBER: 09277386 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Innovation Recycling And Recovery Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L Birkbeck

A J Hobson

REGISTERED OFFICE:

Moor Park House

Clifford Lister Business Centre

Bawtry Road, Wickersley

Rotherham

S66 2BL

REGISTERED NUMBER:

09277386 (England and Wales)

ACCOUNTANTS:

Parkins Accountants Ltd

T/A, Parkins, Chartered Accountants

Moor Park House

Bawtry Rd

Wickersley

Rotherham

South Yorkshire

S66 2BL

FIXED ASSETS

Property, plant and equipment

4

1,516,052

1,674,653

CURRENT ASSETS

Inventories

5

45,300

-

Debtors

6

686,128

285,345

Cash at bank

26,397

1,032

757,825

286,377

CREDITORS

Amounts falling due within one year

7

1,982,945

1,066,682

NET CURRENT LIABILITIES

(1,225,120

)

(780,305

)

TOTAL ASSETS LESS CURRENT LIABILITIES

290,932

894,348

CREDITORS

Amounts falling due after more than one year

8

945,397

1,216,352

NET LIABILITIES

(654,465

)

(322,004

)

CAPITAL AND RESERVES

Called up share capital

10

150

150

Retained earnings

11

(654,615

)

(322,154

)

SHAREHOLDERS' FUNDS

(654,465

)

(322,004

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 26 October 2026 and were signed on its behalf by:

A J Hobson - Director

L Birkbeck - Director

1.	STATUTORY INFORMATION

Innovation Recycling And Recovery 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.

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

Revenue 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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2024 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 November 2024

2,034,296

Additions

112,571

At 31 October 2025

2,146,867

DEPRECIATION

At 1 November 2024

359,643

Charge for year

271,172

At 31 October 2025

630,815

NET BOOK VALUE

At 31 October 2025

1,516,052

At 31 October 2024

1,674,653

5.	INVENTORIES

2025

2024

£

£

Stocks

45,300

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

686,128

8,413

VAT

-

276,932

686,128

285,345

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 9)

6,578

10,040

Hire purchase contracts

323,119

287,302

Trade creditors

1,251,880

313,720

Social security and other taxes

20,277

-

VAT

78,404

-

Other creditors

295,475

454,620

Directors' current accounts

4,012

-

Accrued expenses

3,200

1,000

1,982,945

1,066,682

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 9)

-

6,561

Hire purchase contracts

945,397

1,209,791

945,397

1,216,352

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

15

15

Bank loans

6,563

10,025

6,578

10,040

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

6,561

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

50

Ordinary A

1

100

100

50

Ordinary B

1

50

50

150

150

11.

RESERVES

Retained

earnings

£

At 1 November 2024

(322,154

)

Deficit for the year

(332,461

)

At 31 October 2025

(654,615

)

12.	ULTIMATE CONTROLLING PARTY

The controlling party is A J Hobson.