Company Registration No. 11179102 (England and Wales)
Am Recycling Materials Limited
Unaudited accounts
for the year ended 31 January 2025
Am Recycling Materials Limited
Unaudited accounts
Contents
Am Recycling Materials Limited
Company Information
for the year ended 31 January 2025
Director
Benjamin Roy TAYLOR
Company Number
11179102 (England and Wales)
Registered Office
2 Leonard Place
Westerham Road
Keston
BR2 6HQ
England
Accountants
Sagay Accounting
C/O Sagay Accounting Office B:12 Clockwise Offices
Bromley Old Town Hall
30 Tweedy Road
Bromley
BR1 3FE
Am Recycling Materials Limited
Statement of financial position
as at 31 January 2025
Tangible assets
390,864
344,876
Debtors
2,760,210
2,709,732
Cash at bank and in hand
86,219
343,852
Creditors: amounts falling due within one year
(1,298,058)
(1,385,399)
Net current assets
1,548,371
1,668,185
Total assets less current liabilities
1,939,235
2,013,061
Creditors: amounts falling due after more than one year
(460,388)
(281,410)
Provisions for liabilities
Deferred tax
(7,695)
(7,695)
Net assets
1,471,152
1,723,956
Called up share capital
100
100
Capital contribution reserve
(103,018)
-
Profit and loss account
1,574,070
1,723,856
Shareholders' funds
1,471,152
1,723,956
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2025 and were signed on its behalf by
Benjamin Roy TAYLOR
Director
Company Registration No. 11179102
Am Recycling Materials Limited
Notes to the Accounts
for the year ended 31 January 2025
Am Recycling Materials Limited is a private company, limited by shares, registered in England and Wales, registration number 11179102. The registered office is 2 Leonard Place, Westerham Road, Keston, BR2 6HQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Am Recycling Materials Limited
Notes to the Accounts
for the year ended 31 January 2025
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2024
17,873
463,670
10,350
491,893
Additions
4,396
121,966
3,321
129,683
At 31 January 2025
22,269
585,636
13,671
621,576
At 1 February 2024
8,631
134,362
4,024
147,017
Charge for the year
3,080
78,507
2,108
83,695
At 31 January 2025
11,711
212,869
6,132
230,712
At 31 January 2025
10,558
372,767
7,539
390,864
At 31 January 2024
9,242
329,308
6,326
344,876
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs,
which comprise direct production costs, are based on the method most appropriate to the type of
inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as
incurred. Net realisable value is based on the estimated selling price less any estimated completion or
selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in
which the related revenue is recognised. The amount of any write-down of stocks to net realisable value
and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs.
The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of
inventories recognised as an expense in the period in which the reversal occurs.
Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and
related costs as contract activity progresses.
Amounts falling due within one year
Trade debtors
2,466,659
2,383,056
Amounts due from group undertakings etc.
77,348
78,231
Accrued income and prepayments
-
6,000
Other debtors
27,692
11,090
8
Creditors: amounts falling due within one year
2025
2024
Trade creditors
1,227,479
1,603,034
Taxes and social security
12,977
75,888
Proposed dividends
-
(300,000)
Other creditors
57,602
(962)
Am Recycling Materials Limited
Notes to the Accounts
for the year ended 31 January 2025
9
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
352,973
255,126
Taxes and social security
91,023
-
Provisions are made where an event has taken place that gives the Company a legal or constructive
obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate
can be made of the amount of the obligation.
Provisions are charged as an expense to the profit and loss account in the year that the Company
becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the
expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.
11
Average number of employees
During the year the average number of employees was 8 (2024: 8).