| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 APRIL 2024 TO 30 NOVEMBER 2024 |
| FOR |
| EASTFIELD RECYCLING LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 APRIL 2024 TO 30 NOVEMBER 2024 |
| FOR |
| EASTFIELD RECYCLING LIMITED |
| EASTFIELD RECYCLING LIMITED (REGISTERED NUMBER: 09881472) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 APRIL 2024 TO 30 NOVEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 | to | 4 |
| EASTFIELD RECYCLING LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 1 APRIL 2024 TO 30 NOVEMBER 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Ground Floor |
| Custom House |
| Waterfront East |
| Brierley Hill |
| West Midlands |
| DY5 1XH |
| EASTFIELD RECYCLING LIMITED (REGISTERED NUMBER: 09881472) |
| BALANCE SHEET |
| 30 NOVEMBER 2024 |
| 30.11.24 | 31.3.24 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| EASTFIELD RECYCLING LIMITED (REGISTERED NUMBER: 09881472) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 APRIL 2024 TO 30 NOVEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Eastfield Recycling Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The company ceased trading on 30th September 2023 and the trade/assets have been transferred to a related party. The financial statements reflect material adjustments relating to the cessation of trading. |
| Turnover |
| Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. |
| Revenue from the sale of goods is recognised when: |
| (a) the significant risks and rewards of ownership have passed to the buyer. |
| (b) the amount of revenue can be reliably measured. |
| (c) it is probable that the economic benefits associated with the transaction will flow |
| to the company. |
| (d) the costs incurred, or to be incurred, in respect of the transaction can be measured reliably. |
| Taxation |
| Taxation for the period 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 period 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was NIL (2024 - |
| EASTFIELD RECYCLING LIMITED (REGISTERED NUMBER: 09881472) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 APRIL 2024 TO 30 NOVEMBER 2024 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.24 | 31.3.24 |
| £ | £ |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.24 | 31.3.24 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the period ended 30 November 2024 and the year ended 31 March 2024: |
| 30.11.24 | 31.3.24 |
| £ | £ |
| Balance outstanding at start of period | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |
| The amount due from the directors was unsecured and interest free. |
| 7. | RELATED PARTY DISCLOSURES |
| Included in other debtors is an amount of Nil due from MetCat Limited (2024 - £500,000) There were recharges and expenses from MetCat totalling Nil (2024 - £98,4641) and sales to Metcat of Nil (2024 - £225,051). |
| The companies are related by way of a family connection. |
| 8. | ULTIMATE CONTROLLING PARTY |
| During the period the company became a wholly owned subsidiary of J Bridgwood Holdings Limited. |
| The directors J Bridgwood and J A Bridgwood are the ultimate controlling party through their controlling interest in J Bridgwood Holdings Limited. |