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REGISTERED NUMBER: 09693059 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

RECOM ASPHALT SOLUTIONS LIMITED

RECOM ASPHALT SOLUTIONS LIMITED (REGISTERED NUMBER: 09693059)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RECOM ASPHALT SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: L A Comley
F J A Steptoe





REGISTERED OFFICE: 2nd Floor - Robert House
19 Station Road
Chinnor
Oxfordshire
OX39 4PU





REGISTERED NUMBER: 09693059 (England and Wales)





ACCOUNTANTS: Partridges Accountancy Services Limited
Chartered Certified Accountants
2nd Floor - Robert House
19 Station Road
Chinnor
Oxfordshire
OX39 4PU

RECOM ASPHALT SOLUTIONS LIMITED (REGISTERED NUMBER: 09693059)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 117,142 132,092

CURRENT ASSETS
Debtors 5 1,852 66,995
Cash at bank 386 28
2,238 67,023
CREDITORS
Amounts falling due within one year 6 74,401 152,068
NET CURRENT LIABILITIES (72,163 ) (85,045 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,979

47,047

CREDITORS
Amounts falling due after more than one year 7 - 25,400
NET ASSETS 44,979 21,647

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 44,877 21,545
SHAREHOLDERS' FUNDS 44,979 21,647

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

RECOM ASPHALT SOLUTIONS LIMITED (REGISTERED NUMBER: 09693059)

BALANCE SHEET - continued
30 JUNE 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 28 March 2025 and were signed on its behalf by:





L A Comley - Director


RECOM ASPHALT SOLUTIONS LIMITED (REGISTERED NUMBER: 09693059)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Recom Asphalt Solutions 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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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
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. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

RECOM ASPHALT SOLUTIONS LIMITED (REGISTERED NUMBER: 09693059)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 149,500
DEPRECIATION
At 1 July 2023 17,408
Charge for year 14,950
At 30 June 2024 32,358
NET BOOK VALUE
At 30 June 2024 117,142
At 30 June 2023 132,092

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 149,500
DEPRECIATION
At 1 July 2023 17,408
Charge for year 14,950
At 30 June 2024 32,358
NET BOOK VALUE
At 30 June 2024 117,142
At 30 June 2023 132,092

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 1,699 5,149
Other debtors 153 61,846
1,852 66,995

RECOM ASPHALT SOLUTIONS LIMITED (REGISTERED NUMBER: 09693059)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 25,627 38,034
Trade creditors - 1
Other creditors 48,774 114,033
74,401 152,068

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts - 25,400

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Hire purchase contracts 25,627 63,434

Hire purchase obligations and liabilities are secured on the fixed assets purchased.

9. RELATED PARTY DISCLOSURES

As at 30th June 2024 Recom Asphalt Solutions Limited owed Recom Surfacing Limited, a company in which Mr L Comley and Mr F Steptoe are controlling directors and shareholders, an amount of £46,377
which is included in "other creditors". The loan does not attract interest and is repayable on demand.

During the year plant hire charges of £45,000 were charged/accrued to Recom Surfacing Limited for the use of certain fixed assets in the period.

Recom Surfacing Limited have assigned Bibby Commercial Finance Limited as a debt factoring company on their behalf. Bibby Commercial Finance Limited hold security on Recom Asphalt Solutions Limited comprising fixed and floating charges over all the assets and undertaking of Recom Asphalt Solutions Limited, including all present and future freehold and leasehold property, book and other debts, chattels, goodwill and uncalled capital, both present and future.