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REGISTERED NUMBER: 08709684 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Jem Recycling And Waste Management Ltd

Jem Recycling And Waste Management Ltd (Registered number: 08709684)






Contents of the Financial Statements
for the year ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 8

Jem Recycling And Waste Management Ltd

Company Information
for the year ended 30 September 2023







DIRECTOR: J P Robinson





REGISTERED OFFICE: Unit 3
Aragon Court
Manor Park
Runcorn
Cheshire
WA7 1SP





REGISTERED NUMBER: 08709684 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

Jem Recycling And Waste Management Ltd (Registered number: 08709684)

Balance Sheet
30 September 2023

2023 2022
Notes £ £
FIXED ASSETS
Intangible assets 4 48,000 -
Tangible assets 5 272,859 202,602
320,859 202,602

CURRENT ASSETS
Stocks 896 7,896
Debtors 6 734,441 611,274
Cash at bank 84,909 52,651
820,246 671,821
CREDITORS
Amounts falling due within one year 7 (821,576 ) (673,643 )
NET CURRENT LIABILITIES (1,330 ) (1,822 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

319,529

200,780

CREDITORS
Amounts falling due after more than one year 8 (76,203 ) (67,193 )

PROVISIONS FOR LIABILITIES (54,732 ) (43,291 )
NET ASSETS 188,594 90,296

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 188,494 90,196
SHAREHOLDERS' FUNDS 188,594 90,296

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director and authorised for issue on 2 April 2024 and were signed by:



J P Robinson - Director


Jem Recycling And Waste Management Ltd (Registered number: 08709684)

Notes to the Financial Statements
for the year ended 30 September 2023

1. STATUTORY INFORMATION

Jem Recycling And Waste Management Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services and goods, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery- 10% on reducing balance
Fixtures and fittings- 33% on cost
Motor vehicles- 25% on reducing balance
Computer equipment- 33% on cost

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.

Jem Recycling And Waste Management Ltd (Registered number: 08709684)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the Income Statement over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the Income Statement 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 the Income Statement in the period to which they relate.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement.

Share capital
Ordinary, Ordinary A, Ordinary B and Ordinary C shares are classed as equity.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and cash held with banks.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 56 (2022 - 51 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
Additions 60,000
At 30 September 2023 60,000
AMORTISATION
Charge for year 12,000
At 30 September 2023 12,000
NET BOOK VALUE
At 30 September 2023 48,000

Jem Recycling And Waste Management Ltd (Registered number: 08709684)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 October 2022 308,961
Additions 130,141
Disposals (14,900 )
At 30 September 2023 424,202
DEPRECIATION
At 1 October 2022 106,359
Charge for year 54,646
Eliminated on disposal (9,662 )
At 30 September 2023 151,343
NET BOOK VALUE
At 30 September 2023 272,859
At 30 September 2022 202,602

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
COST
At 1 October 2022 82,747
Additions 62,395
Disposals (14,900 )
Transfer to ownership (12,500 )
At 30 September 2023 117,742
DEPRECIATION
At 1 October 2022 31,720
Charge for year 23,797
Eliminated on disposal (9,662 )
Transfer to ownership (9,698 )
At 30 September 2023 36,157
NET BOOK VALUE
At 30 September 2023 81,585
At 30 September 2022 51,027

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 652,303 547,579
Other debtors 82,138 63,695
734,441 611,274

Jem Recycling And Waste Management Ltd (Registered number: 08709684)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 13,997 18,621
Hire purchase contracts 27,019 14,318
Trade creditors 330,540 291,876
Taxation and social security 126,665 103,273
Other creditors 323,355 245,555
821,576 673,643

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 17,370 31,211
Hire purchase contracts 58,833 35,982
76,203 67,193

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Bank loans 31,367 49,832
Hire purchase contracts 85,852 50,300
Invoice financing 280,657 234,021
397,876 334,153

The bank loan is secured by way of a fixed and floating charge over the assets of the company. Mr J P Robinson has also provided a personal guarantee up to £76,000 in respect of all monies due.

Hire purchase contracts are secured against the assets to which they relate.

Invoice financing included in Other Creditors is secured by way of a fixed and floating charge over the assets of the company.

10. CALLED UP SHARE CAPITAL

Alloted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £

65 Ordinary £1 65 65
10 Ordinary A £1 10 10
15 Ordinary B £1 15 15
10 Ordinary C £1 10 10

100 100

11. OTHER FINANCIAL COMMITMENTS

Total operating lease commitments which are not included in the balance sheet amount to £89,374 falling due within one year, and £69,106 falling due within 5 years.

Jem Recycling And Waste Management Ltd (Registered number: 08709684)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£ £
J P Robinson
Balance outstanding at start of year 2,986 26,499
Amounts advanced 48,580 1,844
Amounts repaid (77,500 ) (25,357 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (25,934 ) 2,986

This loan attracts no interest and is repayable on demand.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Jem Recycling And Waste Management Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jem Recycling And Waste Management Ltd for the year ended 30 September 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Jem Recycling And Waste Management Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jem Recycling And Waste Management Ltd and state those matters that we have agreed to state to the director of Jem Recycling And Waste Management Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jem Recycling And Waste Management Ltd and its director for our work or for this report.

It is your duty to ensure that Jem Recycling And Waste Management Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jem Recycling And Waste Management Ltd. You consider that Jem Recycling And Waste Management Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jem Recycling And Waste Management Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE


2 April 2024