Registered number
04496792
Cairns Waste Management Limited
Filleted Accounts
31 July 2023
Cairns Waste Management Limited
Registered number: 04496792
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 333,857 213,150
Cash at bank and in hand 122,026 261,775
455,883 474,925
Creditors: amounts falling due within one year 4 (288,132) (236,028)
Net current assets 167,751 238,897
Net assets 167,751 238,897
Capital and reserves
Called up share capital 100 100
Profit and loss account 167,651 238,797
Shareholder's funds 167,751 238,897
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. E. Cullen
Director
Approved by the board on 2 November 2023
Cairns Waste Management Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Stocks
Stock is valued at the lower of cost and net realisable value.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 54 51
3 Debtors 2023 2022
£ £
Trade debtors 330,567 203,696
Other debtors 3,290 9,454
333,857 213,150
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 28,502 16,974
Other taxes and social security costs 257,622 219,046
Other creditors 2,008 8
288,132 236,028
5 Share capital Nominal 2023 2023 2022
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
6 Related party transactions
The company had the following transactions with companies which are controlled by the director:
A) Sales of £1,110,203 (2022: £1,113,438) to Holywell Haulage Limited on a normal commercial basis. The amount owed by Holywell Haulage Limited at the year end amounted to £265,287.
B) Sales of £946,217 (2022: £969,170) to Holywell Recycling Limited on a normal commercial basis. The amount outstanding at the year ended was £17,200.
7 Controlling party
The company is controlled by the director, Mr. E. Cullen.
8 Other information
Cairns Waste Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
First Floor, 1 Park Court,
Pyrford Road,
West Byfleet,
Surrey,
KT14 6SD.
It's place of business is:
11 -12 Maxted Road,
Hemel Hempstead,
Herts,
HP2 7DX.
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