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Registered number: 14169279
Jeco Recycling Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Merranti Accounting Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14169279
31 May 2024 31 May 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 76,881 55,000
76,881 55,000
CURRENT ASSETS
Debtors 5 10,170 15,616
Cash at bank and in hand 6,993 24,993
17,163 40,609
Creditors: Amounts Falling Due Within One Year 6 (78,290 ) (91,446 )
NET CURRENT ASSETS (LIABILITIES) (61,127 ) (50,837 )
TOTAL ASSETS LESS CURRENT LIABILITIES 15,754 4,163
Creditors: Amounts Falling Due After More Than One Year 7 (46,916 ) -
NET (LIABILITIES)/ASSETS (31,162 ) 4,163
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (31,163 ) 4,162
SHAREHOLDERS' FUNDS (31,162) 4,163
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Edwards
Director
30 April 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Jeco Recycling Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14169279 . The registered office is 21 Farm Close, East Grinstead, RH19 3QQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% Straight Line
Fixtures & Fittings 20% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: NIL)
1 -
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 June 2023 55,000 5,000 60,000
Additions 51,167 500 51,667
Disposals (16,080 ) - (16,080 )
As at 31 May 2024 90,087 5,500 95,587
Depreciation
As at 1 June 2023 4,000 1,000 5,000
...CONTINUED
Page 2
Page 3
Provided during the period 13,939 1,100 15,039
Disposals (1,333 ) - (1,333 )
As at 31 May 2024 16,606 2,100 18,706
Net Book Value
As at 31 May 2024 73,481 3,400 76,881
As at 1 June 2023 51,000 4,000 55,000
5. Debtors
31 May 2024 31 May 2023
£ £
Due within one year
Trade debtors 10,170 15,616
6. Creditors: Amounts Falling Due Within One Year
31 May 2024 31 May 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,302 48,000
Trade creditors 16,620 28,280
Other creditors 35,918 9,486
Taxation and social security 11,450 5,680
78,290 91,446
7. Creditors: Amounts Falling Due After More Than One Year
31 May 2024 31 May 2023
£ £
Net obligations under finance lease and hire purchase contracts 46,916 -
8. Obligations Under Finance Leases and Hire Purchase
31 May 2024 31 May 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 14,302 48,000
Later than one year and not later than five years 46,916 -
61,218 48,000
61,218 48,000
9. Share Capital
31 May 2024 31 May 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3