Waste Collection Services Limited NI009516 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is to supply and collect skips which have been hired for waste collection. Digita Accounts Production Advanced 6.30.9574.0 true true NI009516 2023-01-01 2023-12-31 NI009516 2023-12-31 NI009516 bus:OrdinaryShareClass1 2023-12-31 NI009516 core:CurrentFinancialInstruments 2023-12-31 NI009516 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 NI009516 core:FurnitureFittingsToolsEquipment 2023-12-31 NI009516 core:LandBuildings 2023-12-31 NI009516 core:MotorVehicles 2023-12-31 NI009516 bus:SmallEntities 2023-01-01 2023-12-31 NI009516 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 NI009516 bus:FullAccounts 2023-01-01 2023-12-31 NI009516 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI009516 bus:RegisteredOffice 2023-01-01 2023-12-31 NI009516 bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 NI009516 bus:Director4 2023-01-01 2023-12-31 NI009516 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 NI009516 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI009516 bus:Agent1 2023-01-01 2023-12-31 NI009516 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 NI009516 core:LandBuildings 2023-01-01 2023-12-31 NI009516 core:MotorVehicles 2023-01-01 2023-12-31 NI009516 core:PlantMachinery 2023-01-01 2023-12-31 NI009516 countries:NorthernIreland 2023-01-01 2023-12-31 NI009516 2022-12-31 NI009516 core:FurnitureFittingsToolsEquipment 2022-12-31 NI009516 core:LandBuildings 2022-12-31 NI009516 core:MotorVehicles 2022-12-31 NI009516 2022-01-01 2022-12-31 NI009516 2022-12-31 NI009516 bus:OrdinaryShareClass1 2022-12-31 NI009516 core:CurrentFinancialInstruments 2022-12-31 NI009516 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 NI009516 core:FurnitureFittingsToolsEquipment 2022-12-31 NI009516 core:LandBuildings 2022-12-31 NI009516 core:MotorVehicles 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI009516

Waste Collection Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Company Information

Directors

Mrs Alexandra Margaret Wilson

Mr Robert John Wilson

Company secretary

Mrs Alexandra Margaret Wilson

Registered office

76 Ballylagan Road
Ballynure
Ballyclare
Antirm
BT39 9QR

Bankers

Danske Bank
Ballyclare
18 The Square
Ballyclare
BT39 9BB

Accountants

T B Millar & Co
Chartered Accountants
6 Doagh Road
Ballyclare
Co Antrim
BT39 9BG

 

(Registration number: NI009516)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

145,121

171,067

Current assets

 

Debtors

5

66,074

65,295

Cash at bank and in hand

 

304,799

302,748

 

370,873

368,043

Creditors: Amounts falling due within one year

6

(71,480)

(64,886)

Net current assets

 

299,393

303,157

Total assets less current liabilities

 

444,514

474,224

Provisions for liabilities

(26,088)

(30,755)

Net assets

 

418,426

443,469

Capital and reserves

 

Called up share capital

7

5,000

5,000

Retained earnings

413,426

438,469

Shareholders' funds

 

418,426

443,469

For the financial year 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 March 2024 and signed on its behalf by:
 

 

(Registration number: NI009516)
Balance Sheet as at 31 December 2023

.........................................
Mrs Alexandra Margaret Wilson
Company secretary and director

.........................................
Mr Robert John Wilson
Director

 

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
76 Ballylagan Road
Ballynure
Ballyclare
Antirm
BT39 9QR

These financial statements were authorised for issue by the Board on 12 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Fixtures, fittings and equipment

25% reducing balance

Motor vehicles

15% reducing balance

Land and buildings

15% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

32,500

374,821

542,026

949,347

At 31 December 2023

32,500

374,821

542,026

949,347

Depreciation

At 1 January 2023

23,303

372,019

382,958

778,280

Charge for the year

1,380

706

23,860

25,946

At 31 December 2023

24,683

372,725

406,818

804,226

Carrying amount

At 31 December 2023

7,817

2,096

135,208

145,121

At 31 December 2022

9,197

2,802

159,068

171,067

Included within the net book value of land and buildings above is £7,817 (2022 - £9,197) in respect of freehold land and buildings.
 

 

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Debtors

Current

2023
£

2022
£

Trade debtors

66,074

64,945

Prepayments

-

350

 

66,074

65,295

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

11,196

6,342

Taxation and social security

21,118

19,678

Other creditors

39,166

38,866

71,480

64,886

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

5,000

5,000

5,000

5,000