Company Registration No. 06480287 (England and Wales)
RECYCLING CLOTHES COMPANY LIMITED
Unaudited accounts
for the year ended 31 January 2019
RECYCLING CLOTHES COMPANY LIMITED
Unaudited accounts
Contents
RECYCLING CLOTHES COMPANY LIMITED
Company Information
for the year ended 31 January 2019
Director
Mindaugas Okunis
Company Number
06480287 (England and Wales)
Registered Office
28 LULWORTH CLOSE
CRAWLEY
WEST SUSSEX
RH11 8XS
Accountants
Eurofirma Ltd
59 Devons Road
London
E3 3DW
RECYCLING CLOTHES COMPANY LIMITED
Statement of financial position
as at
31 January 2019
Tangible assets
81,555
92,634
Inventories
21,013
30,553
Cash at bank and in hand
481,831
280,363
Creditors: amounts falling due within one year
(162,906)
(385,703)
Net current assets
714,540
318,972
Net assets
796,095
411,606
Called up share capital
100
100
Profit and loss account
795,995
411,506
Shareholders' funds
796,095
411,606
For the year ending 31 January 2019 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.
Approved by the Board on 31 October 2019.
Mindaugas Okunis
Director
Company Registration No. 06480287
RECYCLING CLOTHES COMPANY LIMITED
Notes to the Accounts
for the year ended 31 January 2019
RECYCLING CLOTHES COMPANY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06480287. The registered office is 28 LULWORTH CLOSE, CRAWLEY, WEST SUSSEX, RH11 8XS.
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.
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:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2018
80,000
10,527
82,079
172,606
Disposals
-
-
(833)
(833)
At 31 January 2019
80,000
11,090
81,246
172,336
At 1 February 2018
-
4,473
75,499
79,972
Charge for the year
-
1,533
1,747
3,280
On disposals
-
3,529
4,000
7,529
At 31 January 2019
-
9,535
81,246
90,781
At 31 January 2019
80,000
1,555
-
81,555
At 31 January 2018
80,000
6,054
6,580
92,634
Finished goods
21,013
30,553
RECYCLING CLOTHES COMPANY LIMITED
Notes to the Accounts
for the year ended 31 January 2019
Trade debtors
374,502
396,001
Accrued income and prepayments
-
(2,342)
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Creditors: amounts falling due within one year
2019
2018
Trade creditors
55,632
434,154
Taxes and social security
(40,397)
(81,569)
Loans from directors
150,968
43,279
Accruals
(3,297)
(10,161)
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Average number of employees
During the year the average number of employees was 5 (2018: 5).