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REGISTERED NUMBER: 11144707 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 January 2024

for

Jbm Recycling Limited

Jbm Recycling Limited (Registered number: 11144707)






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


Jbm Recycling Limited

Company Information
for the Year Ended 31 January 2024







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

Jbm Recycling Limited (Registered number: 11144707)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 294,215 94,476

CURRENT ASSETS
Stocks 5 265,500 205,000
Debtors 6 480,838 162,448
Cash at bank and in hand 16,187 25,615
762,525 393,063
CREDITORS
Amounts falling due within one year 7 700,435 322,781
NET CURRENT ASSETS 62,090 70,282
TOTAL ASSETS LESS CURRENT
LIABILITIES

356,305

164,758

CREDITORS
Amounts falling due after more than one year 8 (234,332 ) (37,036 )

PROVISIONS FOR LIABILITIES - (15,767 )
NET ASSETS 121,973 111,955

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 121,873 111,855
121,973 111,955

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.

Jbm Recycling Limited (Registered number: 11144707)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:





G Maccio - Director


Jbm Recycling Limited (Registered number: 11144707)

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

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.

Jbm Recycling Limited (Registered number: 11144707)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2023 99,958 4,993 30,000 134,951
Additions 254,649 - - 254,649
At 31 January 2024 354,607 4,993 30,000 389,600
DEPRECIATION
At 1 February 2023 30,898 2,077 7,500 40,475
Charge for year 48,556 729 5,625 54,910
At 31 January 2024 79,454 2,806 13,125 95,385
NET BOOK VALUE
At 31 January 2024 275,153 2,187 16,875 294,215
At 31 January 2023 69,060 2,916 22,500 94,476

5. STOCKS
2024 2023
£    £   
Stocks 265,500 205,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 458,193 162,448
Deferred tax asset 22,645 -
480,838 162,448

Jbm Recycling Limited (Registered number: 11144707)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 10,000 10,000
Hire purchase contracts 20,444 9,774
Trade creditors 551,826 88,700
Tax - 378
Social security and other taxes 20,026 2,961
Pensions - 276
VAT 24,294 96,211
Other creditors 71,500 84,000
Directors' current accounts 345 28,481
Accrued expenses 2,000 2,000
700,435 322,781

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 20,592 30,592
Hire purchase contracts 213,740 6,444
234,332 37,036

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
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 20,592 30,592