2022-02-012023-01-312023-01-31false11780570WASTEBASED 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WASTEBASED LIMITED

Registered Number
11780570
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2023

WASTEBASED LIMITED
Company Information
for the year from 1 February 2022 to 31 January 2023

Director

CLEARY, Jack

Registered Address

Suite 312, Atlas House Caxton Close
Wigan
WN3 6XU

Registered Number

11780570 (England and Wales)
WASTEBASED LIMITED
Balance Sheet as at
31 January 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets5343776
343776
Current assets
Stocks6-14,547
Debtors76,0113,606
Cash at bank and on hand1,0133,833
7,02421,986
Creditors amounts falling due within one year8(28,335)(14,503)
Net current assets (liabilities)(21,311)7,483
Total assets less current liabilities(20,968)8,259
Net assets(20,968)8,259
Capital and reserves
Called up share capital100100
Profit and loss account(21,068)8,159
Shareholders' funds(20,968)8,259
The financial statements were approved and authorised for issue by the Director on 31 October 2023, and are signed on its behalf by:
CLEARY, Jack
Director
Registered Company No. 11780570
WASTEBASED LIMITED
Notes to the Financial Statements
for the year ended 31 January 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20232022
Average number of employees during the year00
5.Property, plant and equipment

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 February 22-1,3001,300
At 31 January 23-1,3001,300
Depreciation and impairment
At 01 February 22-524524
Charge for year433-433
At 31 January 23433524957
Net book value
At 31 January 23(433)776343
At 31 January 22-776776
6.Stocks

2023

2022

££
Other stocks-14,547
Total-14,547
7.Debtors

2023

2022

££
Trade debtors / trade receivables5,0363,431
Other debtors975-
Prepayments and accrued income-175
Total6,0113,606
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables-4,263
Taxation and social security-497
Other creditors28,3359,743
Total28,33514,503
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.