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REGISTERED NUMBER: 05871668 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023

FOR

SITESERV RECYCLING (SW) LIMITED

SITESERV RECYCLING (SW) LIMITED (REGISTERED NUMBER: 05871668)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SITESERV RECYCLING (SW) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTOR: Mr N E F England





REGISTERED OFFICE: Triple Crown House
Off Llantwit Major Road
Llandow
Vale of Glamorgan
CF71 7PB





REGISTERED NUMBER: 05871668 (England and Wales)





ACCOUNTANTS: Aspen Waite Corporate Solutions
Aspen Marketing Limited
Chartered Certified Accountants
Rubis House
15 Friarn Street
Bridgwater
Somerset
TA6 3LH

SITESERV RECYCLING (SW) LIMITED (REGISTERED NUMBER: 05871668)

BALANCE SHEET
31ST JULY 2023

31/7/23 31/7/22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,461,439 2,930,405
2,461,439 2,930,405

CURRENT ASSETS
Debtors 6 1,231,412 1,031,896
Cash at bank 501 3,056
1,231,913 1,034,952
CREDITORS
Amounts falling due within one year 7 (1,733,934 ) (1,812,584 )
NET CURRENT LIABILITIES (502,021 ) (777,632 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,959,418

2,152,773

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 8 100,981 201,961
Retained earnings 8 1,857,437 1,949,812
1,959,418 2,152,773

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

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

SITESERV RECYCLING (SW) LIMITED (REGISTERED NUMBER: 05871668)

BALANCE SHEET - continued
31ST JULY 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 and authorised for issue by the director and authorised for issue on 3rd April 2024 and were signed by:





Mr N E F England - Director


SITESERV RECYCLING (SW) LIMITED (REGISTERED NUMBER: 05871668)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

1. STATUTORY INFORMATION

Siteserv Recycling (SW) 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. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
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. 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% straight line basis
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost

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.

DEFERRED TAX
Deferred tax is recognised 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 recognised 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 recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

RESEARCH AND DEVELOPMENT AND LAND REMEDIATION
Expenditure on research and development is written off in the year in which it is incurred. The expenditure on Land Remediation work is capitalized in the year in which it is incurred.

SITESERV RECYCLING (SW) LIMITED (REGISTERED NUMBER: 05871668)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023

2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st August 2022
and 31st July 2023 150,000
AMORTISATION
At 1st August 2022
and 31st July 2023 150,000
NET BOOK VALUE
At 31st July 2023 -
At 31st July 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Land
property machinery fittings remediation Totals
£    £    £    £    £   
COST
At 1st August 2022 2,657,036 109,733 53,680 399,750 3,220,199
Additions 520,000 - - - 520,000
Disposals (1,037,018 ) - (51,449 ) - (1,088,467 )
At 31st July 2023 2,140,018 109,733 2,231 399,750 2,651,732
DEPRECIATION
At 1st August 2022 180,919 57,009 51,866 - 289,794
Charge for year 26,570 15,503 335 - 42,408
Eliminated on disposal (90,460 ) - (51,449 ) - (141,909 )
At 31st July 2023 117,029 72,512 752 - 190,293
NET BOOK VALUE
At 31st July 2023 2,022,989 37,221 1,479 399,750 2,461,439
At 31st July 2022 2,476,117 52,724 1,814 399,750 2,930,405

SITESERV RECYCLING (SW) LIMITED (REGISTERED NUMBER: 05871668)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Trade debtors 5,063 302,739
Amounts owed by group undertakings 1,102,601 123,294
Other debtors 123,748 234,945
Tax - 370,918
1,231,412 1,031,896

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Bank loans and overdrafts 35,018 355,889
Trade creditors 702,563 813,007
Amounts owed to group undertakings 889,941 -
Social security and other taxes 580 249,292
VAT 40,928 122,428
Other creditors 7,266 219,345
Accruals and deferred income 57,638 52,623
1,733,934 1,812,584

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1st August 2022 1,949,812 201,961 2,151,773
Deficit for the year (193,355 ) (193,355 )
Transfer to profit and loss 100,980 (100,980 ) -
At 31st July 2023 1,857,437 100,981 1,958,418

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr N E F England.

The company is a trading subsidiary of Siteserv Recycling Holding Company Ltd.