Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-308The principal activity of the company througout the year was that of waste disposal and skip hire.2022-07-01false8truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12039150 2022-07-01 2023-06-30 12039150 2021-07-01 2022-06-30 12039150 2023-06-30 12039150 2022-06-30 12039150 c:Director1 2022-07-01 2023-06-30 12039150 d:PlantMachinery 2022-07-01 2023-06-30 12039150 d:PlantMachinery 2023-06-30 12039150 d:PlantMachinery 2022-06-30 12039150 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 12039150 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-07-01 2023-06-30 12039150 d:MotorVehicles 2022-07-01 2023-06-30 12039150 d:MotorVehicles 2023-06-30 12039150 d:MotorVehicles 2022-06-30 12039150 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 12039150 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-07-01 2023-06-30 12039150 d:FurnitureFittings 2022-07-01 2023-06-30 12039150 d:FurnitureFittings 2023-06-30 12039150 d:FurnitureFittings 2022-06-30 12039150 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 12039150 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-07-01 2023-06-30 12039150 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 12039150 d:LeasedAssetsHeldAsLessee 2022-07-01 2023-06-30 12039150 d:CurrentFinancialInstruments 2023-06-30 12039150 d:CurrentFinancialInstruments 2022-06-30 12039150 d:Non-currentFinancialInstruments 2023-06-30 12039150 d:Non-currentFinancialInstruments 2022-06-30 12039150 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12039150 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 12039150 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 12039150 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 12039150 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 12039150 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-06-30 12039150 d:ShareCapital 2023-06-30 12039150 d:ShareCapital 2022-06-30 12039150 d:RetainedEarningsAccumulatedLosses 2023-06-30 12039150 d:RetainedEarningsAccumulatedLosses 2022-06-30 12039150 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-06-30 12039150 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-06-30 12039150 c:FRS102 2022-07-01 2023-06-30 12039150 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 12039150 c:FullAccounts 2022-07-01 2023-06-30 12039150 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12039150 d:HirePurchaseContracts d:WithinOneYear 2023-06-30 12039150 d:HirePurchaseContracts d:WithinOneYear 2022-06-30 12039150 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-06-30 12039150 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-06-30 12039150 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-06-30 12039150 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-06-30 12039150 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-06-30 12039150 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-06-30 12039150 d:LeasedAssetsHeldAsLessee 2023-06-30 12039150 d:LeasedAssetsHeldAsLessee 2022-06-30 12039150 e:PoundSterling 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 12039150









MOGSONSWASTE LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

 
MOGSONSWASTE LTD
REGISTERED NUMBER: 12039150

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
371,674
212,080

  
371,674
212,080

Current assets
  

Stocks
 5 
42,830
58,831

Debtors: amounts falling due within one year
 6 
44,862
94,292

Cash at bank and in hand
 7 
23,548
9,203

  
111,240
162,326

Creditors: amounts falling due within one year
 8 
(367,378)
(231,178)

Net current liabilities
  
 
 
(256,138)
 
 
(68,852)

Total assets less current liabilities
  
115,536
143,228

Creditors: amounts falling due after more than one year
 9 
(185,265)
(137,184)

  

Net (liabilities)/assets
  
(69,729)
6,044


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(69,829)
5,944

  
(69,729)
6,044


Page 1

 
MOGSONSWASTE LTD
REGISTERED NUMBER: 12039150
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 March 2024.




................................................
Connor Lysons
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
MOGSONSWASTE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Mogsonswaste Ltd is a private company limited by share capital, incorporated in England and Wales. The principal activity of the Company throughout the year was that of the collection of waste.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basIs, this assumes the continued support of the director which he has pledged for the foreseeable future.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
MOGSONSWASTE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
Reducing balance
Motor vehicles
-
25%
Reducing balance
Fixtures and fittings
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
MOGSONSWASTE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2022 - 8).

Page 5

 
MOGSONSWASTE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 July 2022
259,323
27,940
3,098
290,361


Additions
182,127
66,995
1,699
250,821


Disposals
(11,500)
(16,500)
-
(28,000)



At 30 June 2023

429,950
78,435
4,797
513,182



Depreciation


At 1 July 2022
61,129
16,153
999
78,281


Charge for the year on owned assets
29,126
1,207
949
31,282


Charge for the year on financed assets
26,460
16,749
-
43,209


Disposals
(1,725)
(9,539)
-
(11,264)



At 30 June 2023

114,990
24,570
1,948
141,508



Net book value



At 30 June 2023
314,960
53,865
2,849
371,674



At 30 June 2022
198,194
11,787
2,099
212,080

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Plant and machinery
183,937
130,281

Motor vehicles
50,246
6,961

234,183
137,242

Page 6

 
MOGSONSWASTE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Stocks

2023
2022
£
£

Finished goods and goods for resale
42,830
58,831

42,830
58,831



6.


Debtors

2023
2022
£
£


Trade debtors
34,578
17,928

Other debtors
6,495
6,552

Prepayments and accrued income
3,789
69,812

44,862
94,292



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
23,548
9,203

23,548
9,203


Page 7

 
MOGSONSWASTE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
38,211
27,756

Trade creditors
163,778
64,842

Other taxation and social security
36,454
40,339

Obligations under finance lease and hire purchase contracts
61,234
43,690

Other creditors
57,251
51,941

Accruals and deferred income
10,450
2,610

367,378
231,178


The following liabilities were secured:


Bank loans are secured. The hire purchase loans are secured on the asset concerned.

Details of security provided:






9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
49,171
61,356

Net obligations under finance leases and hire purchase contracts
136,094
75,828

185,265
137,184


The following liabilities were secured:


Details of security provided:

Bank loans are secured. The hire purchase loans are secured on the asset concerned.

Page 8

 
MOGSONSWASTE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
38,211
27,756

Amounts falling due 1-2 years

Bank loans
49,171
61,356

87,382
89,112



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
-
43,690

Between 1-5 years
-
75,828

-
119,518


12.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
23,548
9,203




Financial assets measured at fair value through profit or loss comprise cash at bank.


13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,124 (2022- £1,003). Contributions totalling £2,069 (2022 - £204) were payable to the fund at the balance sheet date.

Page 9

 
MOGSONSWASTE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

14.


Controlling party

There is no overall controlling party.
 
Page 10