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COMPANY REGISTRATION NUMBER: 04994760

Mayling Recycling Limited

Filleted Unaudited Financial Statements

31 January 2026

Mayling Recycling Limited

Financial Statements

Year ended 31st January 2026

Contents | Page

Statement of financial position | 1

Notes to the financial statements | 3

Mayling Recycling Limited

Statement of Financial Position

31 January 2026

| 2026 | 2025
Note | £ | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 94,632 |  | 166,234

Current assets

Debtors | 6 | 164,395 |  | 432,624 |
Cash at bank and in hand | 25,140 |  | 76,828 |
| ---------- |  | ---------- |
| 189,535 |  | 509,452 |

Creditors: amounts falling due within one year | 7 | 187,176 |  | 442,569 |
| ---------- |  | ---------- |
Net current assets |  | 2,359 |  | 66,883
|  | -------- |  | ----------
Total assets less current liabilities |  | 96,991 |  | 233,117

Provisions

Taxation including deferred tax |  | 73,363 |  | 73,363
|  | -------- |  | ----------
Net assets |  | 23,628 |  | 159,754
|  | -------- |  | ----------

Capital and reserves

Called up share capital | 8 |  | 100 |  | 100
Profit and loss account |  | 23,528 |  | 159,654
|  | -------- |  | ----------
Shareholders funds |  | 23,628 |  | 159,754
|  | -------- |  | ----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st January 2026 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 year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Mayling Recycling Limited

Statement of Financial Position (continued)

31 January 2026
These financial statements were approved by the board of directors and authorised for issue on 26 June 2026 , and are signed on behalf of the board by:

Mr. A. O'Malley
Director

Company registration number: 04994760

Mayling Recycling Limited

Notes to the Financial Statements

Year ended 31st January 2026
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Printing House, 66 Lower Road, Harrow, HA2 0DH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 15% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2025: 1 ).
5. Tangible assets

| Plant and machinery | Total
| £ | £
Cost |  |
At 1st February 2025 | 939,437 | 939,437
Additions | 6,000 | 6,000
| ---------- | ----------
At 31st January 2026 | 945,437 | 945,437
| ---------- | ----------
Depreciation |  |
At 1st February 2025 | 773,203 | 773,203
Charge for the year | 77,602 | 77,602
| ---------- | ----------
At 31st January 2026 | 850,805 | 850,805
| ---------- | ----------
Carrying amount |  |
At 31st January 2026 | 94,632 | 94,632
| ---------- | ----------
At 31st January 2025 | 166,234 | 166,234
| ---------- | ----------

6. Debtors

| 2026 | 2025
| £ | £
Trade debtors | 11,727 | 254,270
Amounts owed by group undertakings | 151,956 | 175,868
Prepayments and accrued income | – | 2,444
Other debtors | 712 | 42
| ---------- | ----------
| 164,395 | 432,624
| ---------- | ----------

7. Creditors: amounts falling due within one year

| 2026 | 2025
| £ | £
Trade creditors | 40,766 | 281,260
Accruals and deferred income | 1,500 | 1,500
Social security and other taxes | – | 10,751
Obligations under finance leases and hire purchase contracts | – | 4,148
Director loan accounts | 134,910 | 134,910
Other creditors | 10,000 | 10,000
| ---------- | ----------
| 187,176 | 442,569
| ---------- | ----------

Obligations under finance leases and hire purchase contracts are secured by the assets purchased under these contracts.
8. Called up share capital
Issued, called up and fully paid

| 2026 | 2025
| No. | £ | No. | £
Ordinary shares of £ 1 each | 100 | 100 | 100 | 100
| ---- | ---- | ---- | ----

9. Related party transactions
The amounts owed by related parties are in respect of short-term interest free loans and trading activities.

|  | 2026 | 2025
|  | £ | £
| Balance owed by: |  |
| Other related parties | 5,211 | 7,754
|  | ------- | -------