A1 Copper Recycling Ltd |
Registered number: |
09970566 |
Statement of Financial Position |
as at 30 April 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
- |
|
|
8,342 |
|
Current assets |
Debtors |
4 |
|
800 |
|
|
324 |
Cash at bank and in hand |
|
|
413 |
|
|
10,591 |
|
|
|
1,213 |
|
|
10,915 |
|
Creditors: amounts falling due within one year |
5 |
|
(1,550) |
|
|
(29,056) |
|
Net current liabilities |
|
|
|
(337) |
|
|
(18,141) |
|
Total assets less current liabilities |
|
|
|
(337) |
|
|
(9,799) |
|
|
Provisions for liabilities |
|
|
|
- |
|
|
(2,153) |
|
|
Net liabilities |
|
|
|
(337) |
|
|
(11,952) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
(437) |
|
|
(12,052) |
|
Shareholders' funds |
|
|
|
(337) |
|
|
(11,952) |
|
|
|
|
|
|
|
|
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 members have 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 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. |
|
|
|
|
E Wilkins |
Director |
Approved by the board on 12 June 2023 |
|
A1 Copper Recycling Ltd |
Notes to the Accounts |
for the year ended 30 April 2023 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland. |
|
|
Going concern |
|
The company ceased trading on 30/04/2023. The accounts have, therefore, not been produced on a going concern basis, with all assets being valued at their net realisable value. |
|
|
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: |
|
|
Plant and machinery |
25% reducing balance |
|
|
Inventories |
|
Inventories 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. |
|
|
Debtors |
|
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Provisions |
|
Provisions are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
2 |
Employees and directors |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of directors and persons employed by the company |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
£ |
|
Cost |
|
At 1 May 2022 |
50,000 |
|
Disposals |
(50,000) |
|
At 30 April 2023 |
- |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2022 |
41,658 |
|
On disposals |
(41,658) |
|
At 30 April 2023 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2023 |
- |
|
At 30 April 2022 |
8,342 |
|
|
|
|
|
|
|
|
|
|
4 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Prepayments |
800 |
|
- |
|
Other debtors |
- |
|
324 |
|
|
|
|
|
|
800 |
|
324 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Accruals |
800 |
|
780 |
|
Other creditors |
750 |
|
28,276 |
|
|
|
|
|
|
1,550 |
|
29,056 |
|
|
|
|
|
|
|
|
|
|
6 |
Other information |
|
|
A1 Copper Recycling Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
243 Charlton Road |
|
Shepperton |
|
Middlesex |
|
TW17 0SH |