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REGISTERED NUMBER: 08709684 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Jem Recycling And Waste Management Ltd

Jem Recycling And Waste Management Ltd (Registered number: 08709684)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

Jem Recycling And Waste Management Ltd

Company Information
for the year ended 30 September 2024







DIRECTOR: J P Robinson





REGISTERED OFFICE: Unit 3
Aragon Court
Manor Park
Runcorn
Cheshire
WA7 1SP





REGISTERED NUMBER: 08709684 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

Jem Recycling And Waste Management Ltd (Registered number: 08709684)

Balance Sheet
30 September 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 36,000 48,000
Tangible assets 5 262,747 272,859
298,747 320,859

CURRENT ASSETS
Stocks 820 896
Debtors 6 802,543 734,441
Cash at bank 107,455 84,909
910,818 820,246
CREDITORS
Amounts falling due within one year 7 (873,614 ) (821,576 )
NET CURRENT ASSETS/(LIABILITIES) 37,204 (1,330 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

335,951

319,529

CREDITORS
Amounts falling due after more than one year 8 (55,066 ) (76,203 )

PROVISIONS FOR LIABILITIES (68,390 ) (54,732 )
NET ASSETS 212,495 188,594

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 212,395 188,494
SHAREHOLDERS' FUNDS 212,495 188,594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Jem Recycling And Waste Management Ltd (Registered number: 08709684)

Balance Sheet - continued
30 September 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 director and authorised for issue on 9 December 2024 and were signed by:





J P Robinson - Director


Jem Recycling And Waste Management Ltd (Registered number: 08709684)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Jem Recycling And Waste Management Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services and goods, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery- 10% on reducing balance
Fixtures and fittings- 33% on cost
Motor vehicles- 25% on reducing balance
Computer equipment- 33% on cost

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.

Jem Recycling And Waste Management Ltd (Registered number: 08709684)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the Income Statement over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the Income Statement 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 the Income Statement in the period to which they relate.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement.

Share capital
Ordinary, Ordinary A, Ordinary B and Ordinary C shares are classed as equity.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and cash held with banks.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 63 (2023 - 56 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 October 2023
and 30 September 2024 60,000
AMORTISATION
At 1 October 2023 12,000
Charge for year 12,000
At 30 September 2024 24,000
NET BOOK VALUE
At 30 September 2024 36,000
At 30 September 2023 48,000

Jem Recycling And Waste Management Ltd (Registered number: 08709684)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 October 2023 244,800 17,675 151,742 9,985 424,202
Additions 341 158 47,068 2,168 49,735
Disposals (14,257 ) - (12,500 ) (2,437 ) (29,194 )
At 30 September 2024 230,884 17,833 186,310 9,716 444,743
DEPRECIATION
At 1 October 2023 66,668 16,184 60,722 7,769 151,343
Charge for year 17,033 1,431 28,698 1,527 48,689
Eliminated on disposal (6,112 ) - (10,399 ) (1,525 ) (18,036 )
At 30 September 2024 77,589 17,615 79,021 7,771 181,996
NET BOOK VALUE
At 30 September 2024 153,295 218 107,289 1,945 262,747
At 30 September 2023 178,132 1,491 91,020 2,216 272,859

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£ £ £
COST
At 1 October 2023 16,995 100,747 117,742
Additions - 27,920 27,920
At 30 September 2024 16,995 128,667 145,662
DEPRECIATION
At 1 October 2023 1,700 34,457 36,157
Charge for year 1,529 21,291 22,820
At 30 September 2024 3,229 55,748 58,977
NET BOOK VALUE
At 30 September 2024 13,766 72,919 86,685
At 30 September 2023 15,295 66,290 81,585

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 718,110 652,303
Other debtors 30,526 30,266
Tax 21,283 21,195
Prepayments 32,624 30,677
802,543 734,441

Jem Recycling And Waste Management Ltd (Registered number: 08709684)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,332 13,997
Hire purchase contracts 30,732 27,019
Trade creditors 233,028 330,540
Tax 48,820 22,078
Social security & other taxes 29,363 28,249
VAT 112,371 76,338
Other creditors 376,068 287,743
Directors' current accounts 25,414 25,934
Accruals 7,486 9,678
873,614 821,576

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 7,040 17,370
Hire purchase contracts 48,026 58,833
55,066 76,203

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 17,372 31,367
Hire purchase contracts 78,758 85,852
Invoice financing 368,900 280,657
465,030 397,876

The bank loan is secured by way of a fixed and floating charge over the assets of the company. Mr J P Robinson has also provided a personal guarantee up to £76,000 in respect of all monies due.

Hire purchase contracts are secured against the assets to which they relate.

Invoice financing included in Other Creditors is secured by way of a fixed and floating charge over the assets of the company.

10. CALLED UP SHARE CAPITAL

Alloted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £

65 Ordinary £1 65 65
10 Ordinary A £1 10 10
15 Ordinary B £1 15 15
10 Ordinary C £1 10 10

100 100

Jem Recycling And Waste Management Ltd (Registered number: 08709684)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

11. OTHER FINANCIAL COMMITMENTS

Total operating lease commitments which are not included in the balance sheet amount to £44,103 falling due within one year, and £19,881 falling due within 5 years.

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£ £
J P Robinson
Balance outstanding at start of year (25,934 ) 2,986
Amounts advanced 520 48,580
Amounts repaid - (77,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (25,414 ) (25,934 )

This loan attracts no interest and is repayable on demand.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Jem Recycling And Waste Management Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jem Recycling And Waste Management Ltd for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Jem Recycling And Waste Management Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jem Recycling And Waste Management Ltd and state those matters that we have agreed to state to the director of Jem Recycling And Waste Management Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jem Recycling And Waste Management Ltd and its director for our work or for this report.

It is your duty to ensure that Jem Recycling And Waste Management Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jem Recycling And Waste Management Ltd. You consider that Jem Recycling And Waste Management Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jem Recycling And Waste Management Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE


Date: .............................................