Company registration number 07195415 (England and Wales)
AJ ENVIRONMENTAL RECOVERY SERVICES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
AJ ENVIRONMENTAL RECOVERY SERVICES LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
AJ ENVIRONMENTAL RECOVERY SERVICES LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,251
1,519
Current assets
Debtors
4
905
678
Cash at bank and in hand
5,594
25,932
6,499
26,610
Creditors: amounts falling due within one year
5
(13,430)
(27,791)
Net current liabilities
(6,931)
(1,181)
Net (liabilities)/assets
(5,680)
338
Capital and reserves
Called up share capital
6
150
150
Profit and loss reserves
(5,830)
188
Total equity
(5,680)
338

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 27 August 2024 and are signed on its behalf by:
A R G Else
Director
Company registration number 07195415 (England and Wales)
AJ ENVIRONMENTAL RECOVERY SERVICES LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2022
100
2,193
2,293
Year ended 31 December 2022:
Loss and total comprehensive income
-
(2,005)
(2,005)
Issue of share capital
6
50
-
50
Balance at 31 December 2022
150
188
338
Year ended 31 December 2023:
Loss and total comprehensive income
-
(6,018)
(6,018)
Balance at 31 December 2023
150
(5,830)
(5,680)
AJ ENVIRONMENTAL RECOVERY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information

AJ Environmental Recovery Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Mill Lodge, 5 Mill Lane, Gosmore, Hitchin, Hertfordshire, SG4 7RN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. However, the directors are aware of the negative balance sheet which may cause doubt on the company's ability to continue as a going concern. true

1.3
Turnover

Turnover is measured at the fair value of the consideration received or receivable for the rendering of services in the normal course of business and net of VAT.

 

Rendering of services

Revenue arises from the provision of consultancy services.

Revenue is recognised proportionally over the performance of the service contract.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

AJ ENVIRONMENTAL RECOVERY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ”Basic Financial Instruments” to all of its financial instruments.

 

Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Short term debtors are measured at transaction price less any provision for impairment. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.

Basic financial liabilities

Short term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

 

Deferred tax

Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

 

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
AJ ENVIRONMENTAL RECOVERY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 and 31 December 2023
1,787
Depreciation and impairment
At 1 January 2023
268
Depreciation charged in the year
268
At 31 December 2023
536
Carrying amount
At 31 December 2023
1,251
At 31 December 2022
1,519
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Corporation tax recoverable
-
0
371
Other debtors
452
50
452
421
2023
2022
Amounts falling due after more than one year:
£
£
Deferred tax asset
453
257
Total debtors
905
678
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
27
3,404
Taxation and social security
-
0
661
Other creditors
13,403
23,726
13,430
27,791
AJ ENVIRONMENTAL RECOVERY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 6 -
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary class A shares of £1 each
25
25
25
25
Ordinary class B shares of £1 each
25
25
25
25
Ordinary class C shares of £1 each
25
25
25
25
Ordinary class D shares of £1 each
25
25
25
25
Ordinary class E shares of £1 each
25
25
25
25
Ordinary class F shares of £1 each
25
25
25
25
150
150
150
150
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