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REGISTERED NUMBER: 11144707 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 January 2023

for

Jbm Recycling Limited
Parkins Accountants Ltd
T/A, Parkins, Chartered Accountants
Moor Park House
Bawtry Rd
Wickersley
Rotherham
South Yorkshire
S66 2BL








Jbm Recycling Limited (Registered number: 11144707)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jbm Recycling Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: G Maccio
S Larkin





REGISTERED OFFICE: Unit G2 White Lee Road
Swinton
Mexborough
Rotherham
S64 8BH





REGISTERED NUMBER: 11144707 (England and Wales)





ACCOUNTANTS: Parkins Accountants Ltd
T/A, Parkins, Chartered Accountants
Moor Park House
Bawtry Rd
Wickersley
Rotherham
South Yorkshire
S66 2BL
Page 1
Jbm Recycling Limited (Registered number: 11144707)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 94,476 66,489

CURRENT ASSETS
Stocks 5 205,000 120,000
Debtors 6 162,448 144,145
Cash at bank and in hand 25,615 11,213
393,063 275,358
CREDITORS
Amounts falling due within one year 7 322,781 194,943
NET CURRENT ASSETS 70,282 80,415
TOTAL ASSETS LESS CURRENT
LIABILITIES
164,758
146,904

CREDITORS
Amounts falling due after more than one
year
8
(37,036
)
(52,051
)

PROVISIONS FOR LIABILITIES (15,767 ) (12,633 )
NET ASSETS 111,955 82,220

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 111,855 82,120
111,955 82,220

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these financial statements

Page 2 continued...
Jbm Recycling Limited (Registered number: 11144707)

Balance Sheet - continued
31 January 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2023 and were signed on its behalf by:





G Maccio - Director


The notes form part of these financial statements

Page 3
Jbm Recycling Limited (Registered number: 11144707)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Jbm Recycling Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Page 4 continued...
Jbm Recycling Limited (Registered number: 11144707)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2022 82,803 3,745 - 86,548
Additions 17,155 1,248 30,000 48,403
At 31 January 2023 99,958 4,993 30,000 134,951
DEPRECIATION
At 1 February 2022 18,711 1,348 - 20,059
Charge for year 12,187 729 7,500 20,416
At 31 January 2023 30,898 2,077 7,500 40,475
NET BOOK VALUE
At 31 January 2023 69,060 2,916 22,500 94,476
At 31 January 2022 64,092 2,397 - 66,489

5. STOCKS
2023 2022
£    £   
Stocks 205,000 120,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 162,448 144,145

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 10,000 10,000
Hire purchase contracts 9,774 9,774
Trade creditors 88,700 78,803
Tax 378 6,381
Social security and other taxes 2,961 1,350
Pensions 276 -
VAT 96,211 86,274
Other creditors 84,000 -
Directors' current accounts 28,481 361
Accrued expenses 2,000 2,000
322,781 194,943

Page 5 continued...
Jbm Recycling Limited (Registered number: 11144707)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 30,592 35,833
Hire purchase contracts 6,444 16,218
37,036 52,051

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 30,592 35,833

Page 6