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REGISTERED NUMBER: 05116560 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Butlers Waste Management Ltd

Butlers Waste Management Ltd (Registered number: 05116560)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Butlers Waste Management Ltd (Registered number: 05116560)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 430,383 457,120

CURRENT ASSETS
Debtors 5 199,375 194,553
Cash at bank and in hand 246,503 261,615
445,878 456,168
CREDITORS
Amounts falling due within one year 6 269,615 246,365
NET CURRENT ASSETS 176,263 209,803
TOTAL ASSETS LESS CURRENT LIABILITIES 606,646 666,923

CREDITORS
Amounts falling due after more than one year 7 (81,617 ) (138,201 )

PROVISIONS FOR LIABILITIES (107,595 ) (86,852 )
NET ASSETS 417,434 441,870

CAPITAL AND RESERVES
Called up share capital 106 106
Retained earnings 417,328 441,764
SHAREHOLDERS' FUNDS 417,434 441,870

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2024 and were signed on its behalf by:





C Butler - Director


Butlers Waste Management Ltd (Registered number: 05116560)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Butlers Waste Management Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05116560

Registered office: Ebenezer House
Ryecroft
Newcastle-under-Lyme
Staffordshire
ST5 2BE

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.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

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 a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% straight line basis
Plant and machinery - 15% on reducing balance
Commercial vehicles - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Office equipment - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Butlers Waste Management Ltd (Registered number: 05116560)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 24 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Commercial
property machinery vehicles
£    £    £   
COST
At 1 November 2022 7,615 983,260 461,570
Additions - 53,499 9,995
At 31 October 2023 7,615 1,036,759 471,565
DEPRECIATION
At 1 November 2022 7,615 665,024 323,716
Charge for year - 55,760 34,317
At 31 October 2023 7,615 720,784 358,033
NET BOOK VALUE
At 31 October 2023 - 315,975 113,532
At 31 October 2022 - 318,236 137,854

Butlers Waste Management Ltd (Registered number: 05116560)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 November 2022 133 7,106 1,459,684
Additions - - 63,494
At 31 October 2023 133 7,106 1,523,178
DEPRECIATION
At 1 November 2022 133 6,076 1,002,564
Charge for year - 154 90,231
At 31 October 2023 133 6,230 1,092,795
NET BOOK VALUE
At 31 October 2023 - 876 430,383
At 31 October 2022 - 1,030 457,120

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Commercial
machinery vehicles Totals
£    £    £   
COST
At 1 November 2022 294,750 280,019 574,769
Transfer to ownership (248,000 ) (119,920 ) (367,920 )
At 31 October 2023 46,750 160,099 206,849
DEPRECIATION
At 1 November 2022 151,687 162,109 313,796
Charge for year 6,810 25,558 32,368
Transfer to ownership (150,340 ) (104,246 ) (254,586 )
At 31 October 2023 8,157 83,421 91,578
NET BOOK VALUE
At 31 October 2023 38,593 76,678 115,271
At 31 October 2022 143,063 117,910 260,973

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 119,858 167,017
Amounts owed by group undertakings 73,702 22,039
Other debtors 5,815 5,497
199,375 194,553

Butlers Waste Management Ltd (Registered number: 05116560)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,106 20,742
Hire purchase contracts 34,495 34,495
Trade creditors 110,860 79,635
Taxation and social security 100,851 99,991
Other creditors 13,303 11,502
269,615 246,365

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 15,726 37,815
Hire purchase contracts 65,891 100,386
81,617 138,201

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - 16,523

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 100,386 134,881

Bank loans and overdraft are secured by fixed and floating charges over the assets of the company.

Hire purchase creditors are secured on the specific assets to which they relate.

9. ULTIMATE CONTROLLING PARTY

The company is controlled by C Butler, by virtue of his controlling interest in Butlers Waste Management Holdings Limited.