ReClaym Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 8

ReClaym Limited

Balance Sheet

31 December 2024

	Note	2024 £ 000	2023 £ 000
Fixed assets
Tangible assets	5	52	72
Current assets
Debtors	6	1,215	1,087
Cash at bank and in hand		614	534
		1,829	1,620
Creditors: Amounts falling due within one year	7	(165)	(31)
Net current assets		1,663	1,589
Net assets		1,715	1,661
Capital and reserves
Called up share capital	8	3,067	3,067
Profit and loss account		(1,352)	(1,406)
Shareholders' funds		1,715	1,661

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 12 August 2025 and signed on its behalf by:
 

......................................... M Hewson Director

Company Registration Number: 03969280

ReClaym Limited

Notes to the Financial Statements

Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Refurbishment Plant & Burngullow Dries
High Street
Trewoon
St. Austell
PL26 7TF

These financial statements were authorised for issue by the Board on 12 August 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Name of parent of group

These financial statements are consolidated in the financial statements of Imerys SA. The financial statements of Imerys SA can be obtained from the following address:

The Company Secretary
Imerys SA
43 Quai de Grenelle
75015 Paris
France

Going concern

The ultimate parent company, Imerys SA, group 2024 accounts were prepared on a going concern basis with no material uncertainties identified. Similarly, Imerys SA Q1 results up to March 2025 did not identify any additional risks despite the adjusted EBITDA decreasing compared to Q1 2024. As a result, the directors have prepared these financial statements on a going concern basis.

ReClaym Limited

Notes to the Financial Statements

Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax and other sales taxes or duty. Turnover is attributable to the storage, treatment and disposal of hazardous waste and is calculated as cost plus a mark-up.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes which have arisen but not reversed by the balance sheet date, except as required by FRS 102 section 1A.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	4% - 20% straight line
Buildings	2% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the average cost method.

ReClaym Limited

Notes to the Financial Statements

Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Defined contribution pension obligation

The company’s immediate parent, Imerys Minerals Limited, operate a defined contribution pension scheme on behalf of the company’s employees. Contributions are recognised in the income statement in line with the provision of employment services to which they relate.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

ReClaym Limited

Notes to the Financial Statements

Year Ended 31 December 2024 (continued)

4	Intangible assets

	Goodwill  £ 000	Total £ 000
Cost or valuation
At 1 January 2024	1,404	1,404
At 31 December 2024	1,404	1,404
Amortisation
At 1 January 2024	1,404	1,404
At 31 December 2024	1,404	1,404
Carrying amount
At 31 December 2024	-	-

5	Tangible assets

	Land and buildings £ 000	Plant and machinery £ 000	Total £ 000
Cost or valuation
At 1 January 2024	300	1,971	2,271
At 31 December 2024	300	1,971	2,271
Depreciation
At 1 January 2024	300	1,899	2,199
Charge for the year	-	21	21
At 31 December 2024	300	1,920	2,220
Carrying amount
At 31 December 2024	-	52	52
At 31 December 2023	-	72	72

ReClaym Limited

Notes to the Financial Statements

Year Ended 31 December 2024 (continued)

6

Debtors

	Note	2024 £ 000	2023 £ 000
Trade debtors		1	2
Amounts due from group undertakings	9	1,202	1,032
Other debtors		11	52
		1,215	1,087

7

Creditors

	2024 £ 000	2023  £ 000
Due within one year
Trade creditors	7	-
Amounts due to group undertakings	100	-
Accrued expenses and deferred income	58	31
	165	31

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No. 000	£ 000	No. 000	£ 000
Ordinary shares of £1 each	1	1	1	1