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REGISTERED NUMBER: 01004496 (England and Wales)















RECLAMATIONS (OLLERTON) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






RECLAMATIONS (OLLERTON) LIMITED (REGISTERED NUMBER: 01004496)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


RECLAMATIONS (OLLERTON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J Wignall
A Wignall





SECRETARY: A Wignall





REGISTERED OFFICE: Tuxford North Goods Yard
Tuxford
Newark
Nottinghamshire
NG22 0JL





REGISTERED NUMBER: 01004496 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

RECLAMATIONS (OLLERTON) LIMITED (REGISTERED NUMBER: 01004496)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 58,816 73,167

CURRENT ASSETS
Stocks - 300
Debtors 5 2,275 5,772
Cash at bank and in hand 3,874 35,029
6,149 41,101
CREDITORS
Amounts falling due within one year 6 116,546 135,322
NET CURRENT LIABILITIES (110,397 ) (94,221 )
TOTAL ASSETS LESS CURRENT LIABILITIES (51,581 ) (21,054 )

CAPITAL AND RESERVES
Called up share capital 7 15,006 15,006
Retained earnings (66,587 ) (36,060 )
SHAREHOLDERS' FUNDS (51,581 ) (21,054 )

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

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

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 12 June 2024 and were signed on its behalf by:





A Wignall - Director


RECLAMATIONS (OLLERTON) LIMITED (REGISTERED NUMBER: 01004496)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Reclamations (Ollerton) 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.

Revenue
Revenue represents net invoiced sales of services, excluding value added tax

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories
Inventories are valued at the lower of cost and estimated selling price less costs to complete and sell and 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

RECLAMATIONS (OLLERTON) LIMITED (REGISTERED NUMBER: 01004496)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 163,627 149,306 312,933
Disposals - (38,834 ) (38,834 )
At 31 March 2024 163,627 110,472 274,099
DEPRECIATION
At 1 April 2023 106,203 133,563 239,766
Charge for year 3,272 852 4,124
Eliminated on disposal - (28,607 ) (28,607 )
At 31 March 2024 109,475 105,808 215,283
NET BOOK VALUE
At 31 March 2024 54,152 4,664 58,816
At 31 March 2023 57,424 15,743 73,167

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 906
Other debtors 2,275 4,866
2,275 5,772

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,245 -
Taxation and social security - 1,242
Other creditors 113,301 134,080
116,546 135,322

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
15,006 Ordinary shares 1 15,006 15,006