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REGISTERED NUMBER: 10782509 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Andrews Waste Management Limited

Andrews Waste Management Limited (Registered number: 10782509)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Andrews Waste Management Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: W D T Andrews





REGISTERED OFFICE: Frog Lane
Off Marsh Way
Rainham
Essex
RM13 8UG





REGISTERED NUMBER: 10782509 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

Andrews Waste Management Limited (Registered number: 10782509)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 178,309 236,507

CURRENT ASSETS
Stocks - 165,000
Debtors 6 4,517,503 3,771,597
Cash at bank and in hand 33,868 816,904
4,551,371 4,753,501
CREDITORS
Amounts falling due within one year 7 1,755,175 2,014,061
NET CURRENT ASSETS 2,796,196 2,739,440
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,974,505

2,975,947

CREDITORS
Amounts falling due after more than one
year

8

(533,333

)

(733,333

)

PROVISIONS FOR LIABILITIES (14,271 ) (21,024 )
NET ASSETS 2,426,901 2,221,590

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 2,426,601 2,221,290
SHAREHOLDERS' FUNDS 2,426,901 2,221,590

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Andrews Waste Management Limited (Registered number: 10782509)

Balance Sheet - continued
31 March 2023


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 20 November 2023 and were signed by:





W D T Andrews - Director


Andrews Waste Management Limited (Registered number: 10782509)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Andrews Waste Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant & machinery - 25% on reducing balance
Commercial Vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 9 ) .

Andrews Waste Management Limited (Registered number: 10782509)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant &
machinery- Plant & Commercial Computer
Buildings machinery Vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022
and 31 March 2023 139,625 285,800 55,000 12,299 492,724
DEPRECIATION
At 1 April 2022 75,914 141,179 31,797 7,327 256,217
Charge for year 15,928 35,226 5,801 1,243 58,198
At 31 March 2023 91,842 176,405 37,598 8,570 314,415
NET BOOK VALUE
At 31 March 2023 47,783 109,395 17,402 3,729 178,309
At 31 March 2022 63,711 144,621 23,203 4,972 236,507

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant &
machinery
£   
COST
At 1 April 2022 165,000
Transfer to ownership (165,000 )
At 31 March 2023 -
DEPRECIATION
At 1 April 2022 85,723
Charge for year 14,864
Transfer to ownership (100,587 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 79,277

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 1,538,011 970,483
Other debtors 2,979,492 2,801,114
4,517,503 3,771,597

Andrews Waste Management Limited (Registered number: 10782509)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 203,919 200,000
Hire purchase contracts - 29,167
Trade creditors 988,855 724,436
Taxation and social security 134,743 12,214
Other creditors 427,658 1,048,244
1,755,175 2,014,061

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 533,333 733,333

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 733,333 933,333
Hire purchase contracts - 29,167
733,333 962,500

On 5 October 2020, the company entered into a financial arrangement with its bankers who in exchange for lending facilities have taken a debenture charge over the assets of a related company.
Obligations under finance and hire purchase contracts are secured against the assets to which the liability relates.
The bank invoicing facility is secured by way of fixed and floating charge over the company's present and future assets.