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REGISTERED NUMBER: 09953062 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 January 2024

for

3b Recycling Limited

3b Recycling Limited (Registered number: 09953062)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


3b Recycling Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: T E P Bennett
M J Bennett





REGISTERED OFFICE: Unit 8/9 Pegasus
Orion Business Park
Great Blakenham
Ipswich
Suffolk
IP6 0LW





REGISTERED NUMBER: 09953062 (England and Wales)





ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

3b Recycling Limited (Registered number: 09953062)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 180,781 195,079

CURRENT ASSETS
Stocks 4,726 8,425
Debtors 5 361,407 456,596
Cash at bank 1,547,392 1,663,373
1,913,525 2,128,394
CREDITORS
Amounts falling due within one year 6 862,786 1,089,636
NET CURRENT ASSETS 1,050,739 1,038,758
TOTAL ASSETS LESS CURRENT LIABILITIES 1,231,520 1,233,837

PROVISIONS FOR LIABILITIES 7 8,801 6,959
NET ASSETS 1,222,719 1,226,878

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,222,619 1,226,778
SHAREHOLDERS' FUNDS 1,222,719 1,226,878

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

3b Recycling Limited (Registered number: 09953062)

Balance Sheet - continued
31 January 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by:




M J Bennett - Director



T E P Bennett - Director


3b Recycling Limited (Registered number: 09953062)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

3b 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.

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 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.
Freehold property - not provided
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 Statement of Income and Retained Earnings, 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.

3b Recycling Limited (Registered number: 09953062)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 147,880 50,497 17,246 1,247 216,870
Additions - 2,472 - 826 3,298
At 31 January 2024 147,880 52,969 17,246 2,073 220,168
DEPRECIATION
At 1 February 2023 - 15,710 5,561 520 21,791
Charge for year - 12,904 4,311 381 17,596
At 31 January 2024 - 28,614 9,872 901 39,387
NET BOOK VALUE
At 31 January 2024 147,880 24,355 7,374 1,172 180,781
At 31 January 2023 147,880 34,787 11,685 727 195,079

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 361,407 456,596

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 10,975
Trade creditors 564,600 816,641
Taxation and social security 281,414 241,150
Other creditors 16,772 20,870
862,786 1,089,636

3b Recycling Limited (Registered number: 09953062)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 8,801 6,959

Deferred
tax
£   
Balance at 1 February 2023 6,959
Provided during year 1,842
Accelerated capital allowances
Balance at 31 January 2024 8,801

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100