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REGISTERED NUMBER: 07653362 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

RECOM SURFACING LIMITED

RECOM SURFACING LIMITED (REGISTERED NUMBER: 07653362)

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 SURFACING 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: 07653362 (England and Wales)





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

RECOM SURFACING LIMITED (REGISTERED NUMBER: 07653362)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,066,971 1,006,828

CURRENT ASSETS
Stocks 203,226 162,965
Debtors 5 2,542,233 1,884,963
Cash at bank and in hand 2,094 59,446
2,747,553 2,107,374
CREDITORS
Amounts falling due within one year 6 3,077,021 2,352,969
NET CURRENT LIABILITIES (329,468 ) (245,595 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

737,503

761,233

CREDITORS
Amounts falling due after more than one year 7 (470,421 ) (535,730 )

PROVISIONS FOR LIABILITIES (89,626 ) (89,626 )
NET ASSETS 177,456 135,877

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 177,354 135,775
SHAREHOLDERS' FUNDS 177,456 135,877

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 SURFACING LIMITED (REGISTERED NUMBER: 07653362)

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 Statement of Income and Retained Earnings 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 SURFACING LIMITED (REGISTERED NUMBER: 07653362)

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


1. STATUTORY INFORMATION

Recom Surfacing 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - at varying rates 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 Statement of Income and Retained Earnings, 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.

RECOM SURFACING LIMITED (REGISTERED NUMBER: 07653362)

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 32 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 1,362,479
Additions 161,444
At 30 June 2024 1,523,923
DEPRECIATION
At 1 July 2023 355,651
Charge for year 101,301
At 30 June 2024 456,952
NET BOOK VALUE
At 30 June 2024 1,066,971
At 30 June 2023 1,006,828

RECOM SURFACING LIMITED (REGISTERED NUMBER: 07653362)

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


4. TANGIBLE FIXED ASSETS - continued

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 1,047,038
Additions 148,750
At 30 June 2024 1,195,788
DEPRECIATION
At 1 July 2023 169,652
Charge for year 83,050
At 30 June 2024 252,702
NET BOOK VALUE
At 30 June 2024 943,086
At 30 June 2023 877,386

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 2,246,664 1,618,567
Other debtors 295,569 266,396
2,542,233 1,884,963

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 40,648 39,666
Hire purchase contracts 195,538 204,059
PAYE 46,797 127,832
Trade creditors 1,437,674 1,208,528
Taxation and social security 4,918 3,881
Other creditors 1,351,446 769,003
3,077,021 2,352,969

RECOM SURFACING LIMITED (REGISTERED NUMBER: 07653362)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 63,365 105,844
Hire purchase contracts 407,056 429,886
470,421 535,730

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bibby Commercial Finance Ltd 1,334,456 729,967
HSBC UK Bank PLC 85,000 115,000
1,419,456 844,967

Bibby Commercial Finance Limited, a debt factoring company, holds security comprising fixed and floating charges over all the assets and undertaking of Recom Surfacing Limited, including all present and future freehold and leasehold property, book and other debts, chattels, goodwill and uncalled capital, both present and future.

HSBC UK Bank PLC holds security comprising fixed and floating charges over all the assets and undertaking of Recom Surfacing Limited, including all present and future freehold and leasehold property, book and other debts, chattels, goodwill and uncalled capital, both present and future.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date Mr L Comley, a director of the company was owed £729 by the company . The amount owing does not attract interest and is repayable on demand, and has been repaid in full to the company since the balance sheet date.

10. RELATED PARTY DISCLOSURES

As at 30th June 2024 Recom Asphalt Solutions Limited, a company in which Mr L Comley and Mr F Steptoe are controlling directors and shareholders, owed Recom Surfacing Limited £46,377. The loan does not attract interest and is repayable on demand. Plant hire charges of £45,000 were charged to Recom Surfacing Limited by Recom Asphalt Solutions Limited for the year.