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REGISTERED NUMBER: 03736942 (England and Wales)












STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2023

FOR

1ST WASTE MANAGEMENT CONSULTANTS LIMITED

1ST WASTE MANAGEMENT CONSULTANTS LIMITED (REGISTERED NUMBER: 03736942)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Statement of Comprehensive Income 8

Balance Sheet 9

Statement of Changes in Equity 10

Cash Flow Statement 11

Notes to the Cash Flow Statement 12

Notes to the Financial Statements 13


1ST WASTE MANAGEMENT CONSULTANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







DIRECTORS: S J McClafferty
R Groome
M P Nicol
D M Fudge
Mrs G Roberts



SECRETARY: Mrs L E McClafferty



REGISTERED OFFICE: Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP



REGISTERED NUMBER: 03736942 (England and Wales)



AUDITORS: Cook & Partners Limited
Statutory Auditor
Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP



BANKERS: National Westminster Bank
661 Christchurch Road
Boscombe
Bournemouth
Dorset
BH7 6AB

1ST WASTE MANAGEMENT CONSULTANTS LIMITED (REGISTERED NUMBER: 03736942)

STRATEGIC REPORT
FOR THE YEAR ENDED 31ST JANUARY 2023

The directors present their strategic report for the year ended 31st January 2023.

REVIEW OF BUSINESS
The results for the financial year ended 31 January 2023 are shown in the annexed financial statements.

Turnover has increased by 13.67% (2022: increased of 9.8%) to £27,347,479.

Profit margins have not been significantly affected by the increase in turnover, overall Gross Profit Margin is up from 23.89% to 25.83% (2022 up from 22.41% to 23.89%) due to management use of cost saving measures where available as well as the easing of COVID-19 restrictions and concerns. These results have led to a profit before tax of £170,038 (2022: £150,103).

Other than as mentioned above, the directors do not consider it necessary, for an understanding of the
development or performance of the business of 1st Waste Management Consultants Limited to provide any further detailed financial key performance indicators.

In the current economic climate the directors consider the company's results for the year to be satisfactory.

PRINCIPAL RISKS AND UNCERTAINTIES
The company uses various financial instruments these include cash and various items, such as trade debtors and trade creditors that arise directly from its operations as well as short term liquid investments. The main purpose of these financial instruments is to raise finance for the company's operations.

The existence of these financial instruments exposes the company to a number of financial risks, which are described in more detail below. The directors review and agree policies for managing each of these risks and they are summarised below. These policies have remained unchanged from previous years.

Liquidity Risk

The Company seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably.

Interest Rate Risk

The Company finances its operations through its retained profits. It does not have any borrowings and therefore the exposure interest rate risk is low. The company actively seeks the best available deposit rates for investing surplus cash.

Credit Risk

The Company's principal financial assets are cash, trade debtors and short term investments; the principal risk arises therefore from its trade debtors. The impact associated with trade debtor risk is reduced through a broad customer base and payment terms which ensure monies are received from customers before operator costs are paid.

ON BEHALF OF THE BOARD:





Mrs L E McClafferty - Secretary


24th October 2023

1ST WASTE MANAGEMENT CONSULTANTS LIMITED (REGISTERED NUMBER: 03736942)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST JANUARY 2023

The directors present their report with the financial statements of the company for the year ended 31st January 2023.

DIVIDENDS
No dividends will be distributed for the year ended 31st January 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st February 2022 to the date of this report.

S J McClafferty
R Groome
M P Nicol
D M Fudge
Mrs G Roberts

Other changes in directors holding office are as follows:

Ms K Mann - resigned 23rd December 2022

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

1ST WASTE MANAGEMENT CONSULTANTS LIMITED (REGISTERED NUMBER: 03736942)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST JANUARY 2023


AUDITORS
The auditors, Cook & Partners Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:



Mrs L E McClafferty - Secretary


24th October 2023

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
1ST WASTE MANAGEMENT CONSULTANTS LIMITED

Opinion
We have audited the financial statements of 1st Waste Management Consultants Limited (the 'company') for the year ended 31st January 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31st January 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
1ST WASTE MANAGEMENT CONSULTANTS LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Ensured all in the audit team are aware of the risks identified and particular areas that were susceptible to misstatement and during the audit planning meeting.
Throughout the audit additional substantive testing was undertaken in areas where there was perceived to be a medium or high risk of misstatement.
Audit testing was undertaken in a manner that was unpredictable in nature, selection and timing when compared to previous years work.
The engagement Partners final review of the audit file and financial statements included a detailed review of all areas of medium or high risk identified at the planning stage of the audit.
Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with such laws and regulations identified above:
Financial reporting Standard 102, Companies Act 2006 and UK General Data Protection Regulation. The audit team all have a good understanding of the requirements under these laws and regulations common to most trading businesses and were alert throughout the audit to any potential instances of non-compliance.
Further, at both the planning and completion stage of the audit enquiries where made of management regarding any known instances of fraud or non-compliance with laws and regulations
These representations were corroborated where possible through the review of board minutes/correspondence with HMRC and companies house / correspondence with other regulatory bodies. No contradictory evidence was noted.
We consider that the work detailed above has ensured that the likelihood of detection of irregularities including fraud is considered to be high both at management level and during our audit approach. It is however worth noting that there is an inherent difficulty in detecting irregularities and there is no guarantee that all irregularities have been identified.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
1ST WASTE MANAGEMENT CONSULTANTS LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Michael Cook (Senior Statutory Auditor)
for and on behalf of Cook & Partners Limited
Statutory Auditor
Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

24th October 2023

1ST WASTE MANAGEMENT CONSULTANTS LIMITED (REGISTERED NUMBER: 03736942)

STATEMENT OF COMPREHENSIVE
INCOME
FOR THE YEAR ENDED 31ST JANUARY 2023

2023 2022
Notes £    £   

TURNOVER 27,347,479 24,058,870

Cost of sales 20,284,738 18,311,504
GROSS PROFIT 7,062,741 5,747,366

Administrative expenses 6,891,248 5,597,528
OPERATING PROFIT 4 171,493 149,838

Interest receivable and similar income 3,668 265
175,161 150,103

Interest payable and similar expenses 5 5,123 -
PROFIT BEFORE TAXATION 170,038 150,103

Tax on profit 6 41,825 32,517
PROFIT FOR THE FINANCIAL YEAR 128,213 117,586

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

128,213

117,586

1ST WASTE MANAGEMENT CONSULTANTS LIMITED (REGISTERED NUMBER: 03736942)

BALANCE SHEET
31ST JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 7 26,034 38,538
Tangible assets 8 246,730 115,810
272,764 154,348

CURRENT ASSETS
Debtors 9 1,708,730 1,624,561
Investments 10 3,483,580 3,512,687
Cash at bank 3,098,693 2,175,282
8,291,003 7,312,530
CREDITORS
Amounts falling due within one year 11 6,518,759 5,676,583
NET CURRENT ASSETS 1,772,244 1,635,947
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,045,008

1,790,295

CREDITORS
Amounts falling due after more than one
year

12

(131,806

)

-

PROVISIONS FOR LIABILITIES 14 (9,705 ) (15,011 )
NET ASSETS 1,903,497 1,775,284

CAPITAL AND RESERVES
Called up share capital 15 100 100
Retained earnings 16 1,903,397 1,775,184
SHAREHOLDERS' FUNDS 1,903,497 1,775,284

The financial statements were approved by the Board of Directors and authorised for issue on 24th October 2023 and were signed on its behalf by:





S J McClafferty - Director


1ST WASTE MANAGEMENT CONSULTANTS LIMITED (REGISTERED NUMBER: 03736942)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31ST JANUARY 2023

Called up
share Retained Total
capital earnings equity
£    £    £   

Balance at 1st February 2021 100 1,657,598 1,657,698

Changes in equity
Total comprehensive income - 117,586 117,586
Balance at 31st January 2022 100 1,775,184 1,775,284

Changes in equity
Total comprehensive income - 128,213 128,213
Balance at 31st January 2023 100 1,903,397 1,903,497

1ST WASTE MANAGEMENT CONSULTANTS LIMITED (REGISTERED NUMBER: 03736942)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31ST JANUARY 2023

2023 2022
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 457,855 (580,404 )
Interest element of hire purchase payments
paid

(5,123

)

-
Tax paid (24,613 ) (9,548 )
Net cash from operating activities 428,119 (589,952 )

Cash flows from investing activities
Purchase of intangible fixed assets - (50,000 )
Purchase of tangible fixed assets (194,110 ) (61,180 )
Purchase of current asset investments - (750,000 )
Sale of current asset investments 29,106 -
Interest received 3,668 265
Net cash from investing activities (161,336 ) (860,915 )

Cash flows from financing activities
Capital repayments in year 149,929 -
Amount introduced by directors 618,914 471,324
Amount withdrawn by directors (112,215 ) -
Net cash from financing activities 656,628 471,324

Increase/(decrease) in cash and cash equivalents 923,411 (979,543 )
Cash and cash equivalents at beginning of
year

2

2,175,282

3,154,825

Cash and cash equivalents at end of year 2 3,098,693 2,175,282

1ST WASTE MANAGEMENT CONSULTANTS LIMITED (REGISTERED NUMBER: 03736942)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31ST JANUARY 2023

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS
2023 2022
£    £   
Profit before taxation 170,038 150,103
Depreciation charges 75,695 40,415
Fair value gain on investment - (185,120 )
Finance costs 5,123 -
Finance income (3,668 ) (265 )
247,188 5,133
Increase in trade and other debtors (84,169 ) (545,752 )
Increase/(decrease) in trade and other creditors 294,836 (39,785 )
Cash generated from operations 457,855 (580,404 )

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31st January 2023
31.1.23 1.2.22
£    £   
Cash and cash equivalents 3,098,693 2,175,282
Year ended 31st January 2022
31.1.22 1.2.21
£    £   
Cash and cash equivalents 2,175,282 3,154,825


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.2.22 Cash flow At 31.1.23
£    £    £   
Net cash
Cash at bank 2,175,282 923,411 3,098,693
2,175,282 923,411 3,098,693

Liquid resources
Current asset investments 3,512,687 (29,107 ) 3,483,580
3,512,687 (29,107 ) 3,483,580
Debt
Finance leases - (149,929 ) (149,929 )
- (149,929 ) (149,929 )
Total 5,687,969 744,375 6,432,344

1ST WASTE MANAGEMENT CONSULTANTS LIMITED (REGISTERED NUMBER: 03736942)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023

1. STATUTORY INFORMATION

1st Waste Management Consultants 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern.They have not identified any material uncertainties or risks related to events or conditions that could cast significant doubt about the company's ability to continue as a going concern and therefore the financial statements for the period ended 31st January 2023 have been prepared using the going concern basis of accounting.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income and costs relating to contracts which are invoiced in advance are deferred into the period in which the service will take place, such deferred revenues and costs are reported within creditors and debtors respectively.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intangible Asset are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Current asset investments
Current asset investments held by the company are bonds and are classified as non basic financial instruments under section 12 of FRS 102. These have been valued at fair value at the year end with the gain or loss being recognised through the profit and loss account.

1ST WASTE MANAGEMENT CONSULTANTS LIMITED (REGISTERED NUMBER: 03736942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

3. EMPLOYEES AND DIRECTORS
2023 2022
£    £   
Wages and salaries 1,665,809 1,469,746
Social security costs 5,721 12,928
Other pension costs 52,063 49,595
1,723,593 1,532,269

The average number of employees during the year was as follows:
2023 2022

Management 11 11
Sales 6 6
Admin 15 15
Customer Services 12 12
Operations 9 9
Small Works 3 3
56 56

2023 2022
£    £   
Directors' remuneration 47,707 93,400
Directors' pension contributions to money purchase schemes 12,003 13,367

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2023 2022
£    £   
Other operating leases 240,548 251,174
Depreciation - owned assets 40,816 28,953
Depreciation - assets on hire purchase contracts 22,374 -
Intangible Asset amortisation 12,504 11,462
Fair value adjustment on current asset investments - (185,120 )

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2023 2022
£    £   
Hire purchase 5,123 -

1ST WASTE MANAGEMENT CONSULTANTS LIMITED (REGISTERED NUMBER: 03736942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax 47,131 24,613

Deferred tax (5,306 ) 7,904
Tax on profit 41,825 32,517

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2023 2022
£    £   
Profit before tax 170,038 150,103
Profit multiplied by the standard rate of corporation tax in the UK of 19%
(2022 - 19%)

32,307

28,520

Effects of:
Expenses not deductible for tax purposes 14,824 (3,907 )
tax
Deferred tax (5,306 ) 7,904
Total tax charge 41,825 32,517

7. INTANGIBLE FIXED ASSETS
Intangible
Asset
£   
COST
At 1st February 2022
and 31st January 2023 50,000
AMORTISATION
At 1st February 2022 11,462
Amortisation for year 12,504
At 31st January 2023 23,966
NET BOOK VALUE
At 31st January 2023 26,034
At 31st January 2022 38,538

1ST WASTE MANAGEMENT CONSULTANTS LIMITED (REGISTERED NUMBER: 03736942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

8. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1st February 2022 57,295 201,754 62,980 322,029
Additions - 2,816 191,294 194,110
At 31st January 2023 57,295 204,570 254,274 516,139
DEPRECIATION
At 1st February 2022 25,446 159,192 21,581 206,219
Charge for year 8,515 17,325 37,350 63,190
At 31st January 2023 33,961 176,517 58,931 269,409
NET BOOK VALUE
At 31st January 2023 23,334 28,053 195,343 246,730
At 31st January 2022 31,849 42,562 41,399 115,810

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 178,990
At 31st January 2023 178,990
DEPRECIATION
Charge for year 22,374
At 31st January 2023 22,374
NET BOOK VALUE
At 31st January 2023 156,616

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,405,786 1,318,353
Other debtors 101,076 90,059
VAT - 1,675
Prepayments 201,868 214,474
1,708,730 1,624,561

10. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Other 3,483,580 3,512,687

Current asset investments are shown at fair value through the profit and loss account.

1ST WASTE MANAGEMENT CONSULTANTS LIMITED (REGISTERED NUMBER: 03736942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 13) 18,123 -
Trade creditors 3,693,930 3,713,038
Corporation tax 47,131 24,613
Social security and other taxes 18,666 33,442
VAT 25,050 -
Other creditors 22,896 43,521
Directors' current accounts 2,136,757 1,630,058
Accruals and deferred income 556,206 231,911
6,518,759 5,676,583

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 13) 131,806 -

13. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 18,123 -
Between one and five years 131,806 -
149,929 -

Non-cancellable operating leases
2023 2022
£    £   
Within one year - 58,212
Between one and five years - 48,371
- 106,583

14. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 9,705 15,011

1ST WASTE MANAGEMENT CONSULTANTS LIMITED (REGISTERED NUMBER: 03736942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

14. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st February 2022 15,011
Provided during year (5,306 )
Balance at 31st January 2023 9,705

15. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
76 Ordinary "A" £1 76 76
24 Ordinary "B" £1 24 24
100 100

16. RESERVES
Retained
earnings
£   

At 1st February 2022 1,775,184
Profit for the year 128,213
At 31st January 2023 1,903,397

17. PENSION COMMITMENTS

The company operates a defined contribution pension scheme for one of its directors and certain staff. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension charge amounted to £52,063 (2022 £49,595) which represents contributions to the funds by the company. No amounts remained unpaid at the balance sheet date.

1ST WASTE MANAGEMENT CONSULTANTS LIMITED (REGISTERED NUMBER: 03736942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

18. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors maintain loan accounts with the company and details of these are as follows:

S J McClafferty

The loan balance at the year end was credit £2,138,723 (2022 credit £1,505,880).

R Groome

The loan balance at the year end was credit £11,964 (2022 credit £81,406).

M Nicol

The loan balance at the year end was credit £Nil (2022 credit £42,033).

K Mann

The loan balance at the year end was credit £nil (2022 £Nil).

D Fudge

The loan balance at the year end was £Nil (2022 £Nil).

G Roberts

The loan balance at the year end was £Nil (2022 £Nil).

19. RELATED PARTY DISCLOSURES

Macbourt Limited
A company in which Mr S J McClafferty is a shareholder.

Included in Trade Creditors is a balance of £1,302 (2022: £1,457) due to the company.

Included in Trade Debtors is a balance of £nil (2022: £310) due to the company.

No interest is charged on amounts outstanding.

Almenia Limited
A company in which Mr S J McClafferty is a shareholder.

Included in Other Debtors is a balance of £100 (2022: £100) due to the company.

Included in Trade Creditors is a balance of £180,000 (2022: £100,000) due to the company.

Included in Trade Debtors is a balance of £nil (2022: £200,000) due to the company.

During the year the company paid management fees of £3,516,679 (2022: £3,028,746)

20. ULTIMATE CONTROLLING PARTY

The directors consider S J McClafferty to be the ultimate controlling party.

1ST WASTE MANAGEMENT CONSULTANTS LIMITED (REGISTERED NUMBER: 03736942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

21. POST BALANCE SHEET EVENTS

The Directors, together with management, has reviewed liquidity and a preliminary financial forecast and has concluded that the business is expected to remain as a going concern through at least year end. The board and management, will continue to monitor this situation, and will issue a further statement should the financial outlook change in a material way.