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Company No: 07944073 (England and Wales)

ANDERSONS WASTE TREATMENT CENTRE LTD

Unaudited Financial Statements
For the financial period from 01 August 2022 to 31 December 2023
Pages for filing with the registrar

ANDERSONS WASTE TREATMENT CENTRE LTD

Unaudited Financial Statements

For the financial period from 01 August 2022 to 31 December 2023

Contents

ANDERSONS WASTE TREATMENT CENTRE LTD

BALANCE SHEET

As at 31 December 2023
ANDERSONS WASTE TREATMENT CENTRE LTD

BALANCE SHEET (continued)

As at 31 December 2023
Note 31.12.2023 31.07.2022
£ £
Fixed assets
Tangible assets 3 67,177 17,161
67,177 17,161
Current assets
Debtors 4 686,115 578,014
Cash at bank and in hand 95,335 26,901
781,450 604,915
Creditors: amounts falling due within one year 5 ( 107,869) ( 155,569)
Net current assets 673,581 449,346
Total assets less current liabilities 740,758 466,507
Provision for liabilities ( 10,377) ( 3,224)
Net assets 730,381 463,283
Capital and reserves
Called-up share capital 6 120 120
Profit and loss account 730,261 463,163
Total shareholder's funds 730,381 463,283

For the financial period ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Andersons Waste Treatment Centre Ltd (registered number: 07944073) were approved and authorised for issue by the Board of Directors on 02 April 2024. They were signed on its behalf by:

E A Bacon
Director
T P Nelson
Director
ANDERSONS WASTE TREATMENT CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 August 2022 to 31 December 2023
ANDERSONS WASTE TREATMENT CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 August 2022 to 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Andersons Waste Treatment Centre Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 6 Hydro Estate St Andrews Road, Avonmouth, Bristol, BS11 9HS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The reporting period length has been extended to align with other group companies. Due to this, the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. It is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax is recognized in respect of all timing differences that have originated but not reversed at the balance sheet date. timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognized in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognized only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or further future taxable profits.

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 finance lease, over the lease term whichever is the shorter.

Land and buildings 10 years straight line
Plant and machinery 6 - 7 years straight line
Vehicles 6 - 7 years straight line
Computer equipment 25 % reducing balance
Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

Period from
01.08.2022 to
31.12.2023
Year ended
31.07.2022
Number Number
Monthly average number of persons employed by the Company during the period 4 3

3. Tangible assets

Land and buildings Plant and machinery Vehicles Computer equipment Total
£ £ £ £ £
Cost
At 01 August 2022 0 61,233 23,474 5,573 90,280
Additions 26,695 40,200 0 0 66,895
Disposals 0 ( 23,054) 0 ( 601) ( 23,655)
At 31 December 2023 26,695 78,379 23,474 4,972 133,520
Accumulated depreciation
At 01 August 2022 0 58,221 10,563 4,335 73,119
Charge for the financial period 1,335 9,306 4,983 1,084 16,708
Disposals 0 ( 23,036) 0 ( 448) ( 23,484)
At 31 December 2023 1,335 44,491 15,546 4,971 66,343
Net book value
At 31 December 2023 25,360 33,888 7,928 1 67,177
At 31 July 2022 0 3,012 12,911 1,238 17,161

The net book value of tangible fixed assets includes £7,928 (2022 - £12,911 ) in respect of assets held under hire purchase contracts.

4. Debtors

31.12.2023 31.07.2022
£ £
Trade debtors 146,995 86,406
Amounts owed by Group undertakings 515,265 458,085
Corporation tax 0 4,226
Other debtors 23,855 29,297
686,115 578,014

5. Creditors: amounts falling due within one year

31.12.2023 31.07.2022
£ £
Trade creditors 58,816 66,911
Accruals 4,678 13,307
Corporation tax 40,699 68,837
Other taxation and social security 3,406 3,510
Obligations under finance leases and hire purchase contracts 0 2,717
Other creditors 270 287
107,869 155,569

6. Called-up share capital

31.12.2023 31.07.2022
£ £
Allotted, called-up and fully-paid
120 Ordinary shares of £ 1.00 each 120 120

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

31.12.2023 31.07.2022
£ £
within one year 36,245 27,184
between one and five years 0 36,245
36,245 63,429