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REGISTERED NUMBER: 07418083 (England and Wales)















Financial Statements for the Year Ended 31 October 2023

for

P J Recycling Limited

P J Recycling Limited (Registered number: 07418083)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P J Recycling Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: P Jones
C Jones





SECRETARY: C Jones





REGISTERED OFFICE: Northfields
Government Road
Aldershot
Hampshire
GU11 2PU





REGISTERED NUMBER: 07418083 (England and Wales)





ACCOUNTANTS: J.Y. Limited
Rangefield Court
Farnham Trading Estate
Farnham
Surrey
GU9 9NP

P J Recycling Limited (Registered number: 07418083)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 3,355

CURRENT ASSETS
Stocks - 5,102
Debtors 5 36,963 33,685
Cash at bank 22 21
36,985 38,808
CREDITORS
Amounts falling due within one year 6 25,197 29,131
NET CURRENT ASSETS 11,788 9,677
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,788

13,032

CREDITORS
Amounts falling due after more than one
year

7

11,772

12,917
NET ASSETS 16 115

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (84 ) 15
SHAREHOLDERS' FUNDS 16 115

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

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

P J Recycling Limited (Registered number: 07418083)

Balance Sheet - continued
31 October 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 8 April 2024 and were signed on its behalf by:




P Jones - Director



C Jones - Director


P J Recycling Limited (Registered number: 07418083)

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

1. STATUTORY INFORMATION

P J 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 - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 2 (2022 - 2 ) .

P J Recycling Limited (Registered number: 07418083)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2022 62,602 402 2,540 65,544
Disposals (62,602 ) (402 ) (2,540 ) (65,544 )
At 31 October 2023 - - - -
DEPRECIATION
At 1 November 2022 59,427 402 2,360 62,189
Eliminated on disposal (59,427 ) (402 ) (2,360 ) (62,189 )
At 31 October 2023 - - - -
NET BOOK VALUE
At 31 October 2023 - - - -
At 31 October 2022 3,175 - 180 3,355

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors - 6,734
Other debtors 36,963 26,951
36,963 33,685

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 7,140 7,379
Trade creditors - 1,447
Taxation and social security 17,619 18,870
Other creditors 438 1,435
25,197 29,131

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 11,772 12,917

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100

P J Recycling Limited (Registered number: 07418083)

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

9. RESERVES
Retained
earnings
£   

At 1 November 2022 15
Deficit for the year (99 )
At 31 October 2023 (84 )

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
P Jones
Balance outstanding at start of year 20,561 16,585
Amounts advanced 11,012 3,976
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,573 20,561

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Jones.