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Company Registration No. 07214977 (England and Wales)
Recycling And Management Services Limited Unaudited accounts for the year ended 30 April 2024
Recycling And Management Services Limited Unaudited accounts Contents
Page
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Recycling And Management Services Limited Company Information for the year ended 30 April 2024
Director
M. Barbsys
Company Number
07214977 (England and Wales)
Registered Office
Lonsto House Princes Lane London London N10 3LU England
Accountants
Accountancy Solutions 4U Ltd 12 Lilac Road Dogsthorpe Peterborough Cambridgeshire PE1 4PR
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Recycling And Management Services Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
431 
2,229 
Creditors: amounts falling due within one year
(11,015)
(12,218)
Net current liabilities
(10,584)
(9,989)
Total assets less current liabilities
(10,584)
(9,989)
Creditors: amounts falling due after more than one year
(15,555)
(16,049)
Net liabilities
(26,139)
(26,038)
Capital and reserves
Called up share capital
12 
12 
Profit and loss account
(26,151)
(26,050)
Shareholders' funds
(26,139)
(26,038)
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 January 2025 and were signed on its behalf by
M. Barbsys Director Company Registration No. 07214977
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Recycling And Management Services Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Recycling And Management Services Limited is a private company, limited by shares, registered in England and Wales, registration number 07214977. The registered office is Lonsto House, Princes Lane, London, London, N10 3LU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period. Deffered tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deffered tax liabilities are generally recognised for all taxable temporary differences. Deffered tax assets are generaly recognised for all deductible timing differences to the extent that it is probable that taxable profits will be availible against which those deductible temporary differences can be utilised. The carrying amount of deffered tax assets is reviewed at the end of easch reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deffered tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the assets realised, based on tax rates (and tax laws) that have beed enacted or substantively enacted by the end of the reporting period. Current or deffered tax for the year is recognised in profit or loss, expect when they ralate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deffered tax is also recognised in other comprehensive income or directly in equity respectively.
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Recycling And Management Services Limited Notes to the Accounts for the year ended 30 April 2024
Foreign currencies
The fuctional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound. Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Moneytary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differrences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retanslated.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interests method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the moment of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,000 
2,778 
Loans from directors
9,015 
9,440 
11,015 
12,218 
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,555 
16,049 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
12 Ordinary shares of £1 each
12 
12 
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Recycling And Management Services Limited Notes to the Accounts for the year ended 30 April 2024
7
Capital contribution reserve
Profit and loss account - includes all current and prior period retained profits and losses.
8
Transactions with related parties
Parent Company The name of the parent of the smallest group for which consolidated financial statements are drawn up of which this entity is a member: Recycling & Management Services (Collections) Ltd The parent's registered office address is: Beever Street Goldthorpe Rotherdam S63 9HT
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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