Company Registration No. 9865725 (England and Wales)
SLW Recycle Limited
Unaudited accounts
for the year ended 31 October 2020
SLW Recycle Limited
Statement of financial position
as at 31 October 2020
Tangible assets
33,958
3,947
Cash at bank and in hand
31,074
13,193
Creditors: amounts falling due within one year
(67,996)
(52,726)
Net current assets/(liabilities)
27,402
(797)
Total assets less current liabilities
61,360
3,150
Creditors: amounts falling due after more than one year
(53,934)
-
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
874
2,300
Shareholders' funds
974
2,400
For the year ending 31 October 2020 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 March 2021 and were signed on its behalf by
Simon Lee Jones
Director
Company Registration No. 9865725
SLW Recycle Limited
Notes to the Accounts
for the year ended 31 October 2020
SLW Recycle Limited is a private company, limited by shares, registered in England and Wales, registration number 9865725. The registered office is Sundale, Brickyard Lane, Studley, Warwickshire, B80 7EE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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 accounts. 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 current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
SLW Recycle Limited
Notes to the Accounts
for the year ended 31 October 2020
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 November 2019
4,385
-
4,385
At 31 October 2020
4,385
40,600
44,985
At 1 November 2019
438
-
438
Charge for the year
439
10,150
10,589
At 31 October 2020
877
10,150
11,027
At 31 October 2020
3,508
30,450
33,958
At 31 October 2019
3,947
-
3,947
Trade debtors
27,694
3,684
Accrued income and prepayments
-
5,000
Other debtors
36,630
30,052
Total debtors less than one year
64,324
38,736
Total debtors
64,324
38,736
6
Creditors: amounts falling due within one year
2020
2019
Obligations under finance leases and hire purchase contracts
4,422
-
Trade creditors
12,787
1,624
Taxes and social security
6,489
12,270
Other creditors
21,767
16,816
7
Creditors: amounts falling due after more than one year
2020
2019
Obligations under finance leases and hire purchase contracts
23,934
-
SLW Recycle Limited
Notes to the Accounts
for the year ended 31 October 2020
8
Deferred taxation
2020
2019
Accelerated capital allowances
6,452
750
Provision at start of year
750
-
Charged to the profit and loss account
5,702
750
Provision at end of year
6,452
750
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Simon Jones
27,911
48,376
41,797
34,490
27,911
48,376
41,797
34,490
11
Average number of employees
During the year the average number of employees was 7 (2019: 3).
