Recycling & Enviro Service Brkr Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 05621031 (England and Wales)

Financial Statements for the Year Ended 31 August 2022

for

Recycling and Environmental Service

Brokers Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R Smith Bewley

REGISTERED OFFICE:

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

REGISTERED NUMBER:

05621031 (England and Wales)

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Property, plant and equipment

4

10,209

11,271

CURRENT ASSETS

Debtors

5

229,686

253,190

Cash at bank

49,113

25,162

278,799

278,352

CREDITORS

Amounts falling due within one year

6

108,956

118,527

NET CURRENT ASSETS

169,843

159,825

TOTAL ASSETS LESS CURRENT LIABILITIES

180,052

171,096

CREDITORS

Amounts falling due after more than one year

7

27,501

37,501

NET ASSETS

152,551

133,595

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

152,451

133,495

SHAREHOLDERS' FUNDS

152,551

133,595

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 May 2023 and were signed by:

Mr R Smith Bewley - Director

1.	STATUTORY INFORMATION

Recycling and Environmental Service Brokers 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

Revenue 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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year 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 statement of financial position date.

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 1 (2021 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 September 2021

10,241

1,699

1,083

15,506

28,529

Additions

639

-

-

499

1,138

At 31 August 2022

10,880

1,699

1,083

16,005

29,667

DEPRECIATION

At 1 September 2021

2,640

917

626

13,075

17,258

Charge for year

1,236

117

115

732

2,200

At 31 August 2022

3,876

1,034

741

13,807

19,458

NET BOOK VALUE

At 31 August 2022

7,004

665

342

2,198

10,209

At 31 August 2021

7,601

782

457

2,431

11,271

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.22

31.8.21

£

£

Trade debtors

223,435

246,939

Other debtors

6,251

6,251

229,686

253,190

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.22

31.8.21

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

57,269

96,903

Taxation and social security

41,507

11,013

Other creditors

180

611

108,956

118,527

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.22

31.8.21

£

£

Bank loans

27,501

37,501

8.	RELATED PARTY DISCLOSURES

The director, Mr R Smith-Bewley, is considered to be the key management personnel.