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COMPANY REGISTRATION NUMBER: 04555060
SPIVEY WASTE MANAGEMENT LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 July 2023
SPIVEY WASTE MANAGEMENT LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
SPIVEY WASTE MANAGEMENT LIMITED
BALANCE SHEET
31 July 2023
2023
2022
Note
£
£
Fixed assets
Investments
5
376,875
376,875
Current assets
Debtors
6
100
100
Cash at bank and in hand
1,778
2,378
------------
------------
1,878
2,478
Creditors: amounts falling due within one year
7
( 378,653)
( 379,253)
------------
------------
Net current liabilities
( 376,775)
( 376,775)
------------
------------
Total assets less current liabilities
100
100
------------
------------
Capital and reserves
Called up share capital
8
100
100
------------
------------
Shareholders funds
100
100
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 12 April 2024 , and are signed on behalf of the board by:
D H Garsed
Director
Company registration number: 04555060
SPIVEY WASTE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 30 Pheasant Drive, Birstall, Batley, West Yorkshire, WF17 9LT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity and are rounded to the nearest £.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company, including the director, during the year was 1 (2022: 1).
5. Investments
Shares in group undertakings
£
Cost
At 1 August 2022 and 31 July 2023
376,875
------------
Impairment
At 1 August 2022 and 31 July 2023
------------
Carrying amount
At 31 July 2023
376,875
------------
At 31 July 2022
376,875
------------
The company owns 50% of the issued share capital of Palmyra Consultancy Limited. The director does not consider that any impairment provision is required in relation to the carrying value of this investment.
6. Debtors
2023
2022
£
£
Called up share capital not paid
100
100
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Director loan accounts
14,857
20,000
Amounts owed to related undertakings
363,796
359,253
------------
------------
378,653
379,253
------------
------------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary A shares shares of £ 1 each
75
75
75
75
Ordinary B shares shares of £ 1 each
25
25
25
25
------------
------------
------------
------------
100
100
100
100
------------
------------
------------
------------
9. Related party transactions
Included in creditors is a loan of £363,796 (2022: £359,253) owed to Palmyra Consultancy Limited, a company controlled by the director, and also a loan of £14,857 (2022: £20,000) owed to the director. Both of these are unsecured, currently interest free and repayable on demand.ni
10. Controlling party
The company is controlled by the director.