Company No: 04326372 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Jennifer Gaydon-Lownds
	Adam Mcdonald
	Ian Mcdonald
	Joan Mcdonald

SECRETARY

Jennifer Gaydon-Lownds

REGISTERED OFFICE	Stoneygate Lane
	Felling
	Gateshead
	NE10 0EX
	United Kingdom

COMPANY NUMBER

04326372 (England and Wales)

ACCOUNTANT	S&W Partners Newcastle Limited
	17 Queens Lane
	Newcastle
	NE1 1RN

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	174,336		219,249
Investments	4	683,715		683,715
		858,051		902,964
Current assets
Debtors	5	44,014		44,788
Cash at bank and in hand		4,291		100
		48,305		44,888
Creditors: amounts falling due within one year	6	( 62,336)		( 452,347)
Net current liabilities		(14,031)		(407,459)
Total assets less current liabilities		844,020		495,505
Provision for liabilities		( 16,923)		( 20,861)
Net assets		827,097		474,644
Capital and reserves
Called-up share capital		100		100
Profit and loss account		826,997		474,544
Total shareholders' funds		827,097		474,644

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Aim To Recycle Limited (registered number: 04326372) were approved and authorised for issue by the Board of Directors on 26 November 2025. They were signed on its behalf by:

Adam Mcdonald Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Aim To Recycle Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Stoneygate Lane, Felling, Gateshead, NE10 0EX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Aim To Recycle Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue arising from the provision of services is recognised by reference to the stage of completion as follows:
[include details of the specific recognition and measurement policies for each significant type of service provided]
When the stage of completion cannot be measured reliably revenue is recognised up to the extent of recoverable expenses and accordingly no profit is recognised.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	4 years straight line
Plant and machinery	4 years straight line
	20 - 25 % reducing balance
Vehicles	20 % reducing balance
Fixtures and fittings	4 - 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Plant and machinery acquired under finance leases are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' not to disclose related party transactions with wholly owned subsidiaries within the group.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		4

3. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£
Cost
At 01 December 2023	19,864		200,323		177,808		38,339		436,334
Additions	0		0		0		1,048		1,048
Disposals	0		0		( 25,663)		0		( 25,663)
At 30 November 2024	19,864		200,323		152,145		39,387		411,719
Accumulated depreciation
At 01 December 2023	15,312		98,669		74,088		29,016		217,085
Charge for the financial year	4,552		11,766		19,519		4,000		39,837
Disposals	0		0		( 19,539)		0		( 19,539)
At 30 November 2024	19,864		110,435		74,068		33,016		237,383
Net book value
At 30 November 2024	0		89,888		78,077		6,371		174,336
At 30 November 2023	4,552		101,654		103,720		9,323		219,249

4. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 December 2023	683,715
At 30 November 2024	683,715
Carrying value at 30 November 2024	683,715
Carrying value at 30 November 2023	683,715

5. Debtors

	2024		2023
	£		£
Amounts owed by Group undertakings	40,000		40,000
Other debtors	4,014		4,788
	44,014		44,788

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank overdrafts	0		6,579
Trade creditors	33,088		70,070
Amounts owed to Group undertakings	0		330,918
Taxation and social security	14,297		16,130
Other creditors	14,951		28,650
	62,336		452,347