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REGISTERED NUMBER: 07400571 (England and Wales)






















Financial Statements

for the Year Ended 30 June 2023

for

Insta Waste Solutions Limited

Insta Waste Solutions Limited (Registered number: 07400571)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Insta Waste Solutions Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: C S J Currie



REGISTERED OFFICE: Acrelands Orston Lane
Bottesford
Nottingham
NG13 0AU



REGISTERED NUMBER: 07400571 (England and Wales)



AUDITORS: Wright Vigar Limited
Statutory Auditors
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG



ACCOUNTANTS: Barker Maule & Co
Chartered Accountants
27 Castle Gate
Newark
Nottinghamshire
NG24 1BA

Insta Waste Solutions Limited (Registered number: 07400571)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 268,621 298,225

CURRENT ASSETS
Debtors 5 521,877 1,005,039
Cash at bank 46,329 90,761
568,206 1,095,800
CREDITORS
Amounts falling due within one year 6 710,634 972,933
NET CURRENT (LIABILITIES)/ASSETS (142,428 ) 122,867
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,193

421,092

PROVISIONS FOR LIABILITIES 34,974 41,930
NET ASSETS 91,219 379,162

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 91,218 379,161
SHAREHOLDERS' FUNDS 91,219 379,162

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 by the director and authorised for issue on 26 July 2024 and were signed by:





C S J Currie - Director


Insta Waste Solutions Limited (Registered number: 07400571)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Insta Waste Solutions 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.

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 represents the fair value of consideration received for net invoiced skip hire, waste management services and equipment hire, excluding value added tax. Revenue is recognised in the period in which the hire or services are provided.

Tangible fixed assets
Tangible fixed assets are held at cost less accumulated depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings- Nil

Plant and machinery etc

-
33% on reducing balance, 25% on reducing balance, 20% on reducing
balance and 15% on reducing balance

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.

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 4 (2022 - 4 ) .

Insta Waste Solutions Limited (Registered number: 07400571)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Land and Plant and Motor
Buildings machinery vehicles Totals
£    £    £    £   
COST
At 1 July 2022
and 30 June 2023 100,870 429,137 85,000 615,007
DEPRECIATION
At 1 July 2022 - 263,439 53,343 316,782
Charge for year - 24,855 4,749 29,604
At 30 June 2023 - 288,294 58,092 346,386
NET BOOK VALUE
At 30 June 2023 100,870 140,843 26,908 268,621
At 30 June 2022 100,870 165,698 31,657 298,225

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,265 41,856
Amounts owed by group undertakings 511,026 190,459
Other debtors 2,586 772,724
521,877 1,005,039

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 258,402 34,885
Amounts owed to group undertakings 283,264 386,607
Taxation and social security 163,751 546,195
Other creditors 5,217 5,246
710,634 972,933

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Sewell BA (Hons) FCA CTA (Senior Statutory Auditor)
for and on behalf of Wright Vigar Limited

9. CONTINGENT LIABILITIES

At the year end the company had an ongoing material potential contingent liability, the outcome of which will not be determined until after the approval of these financial statements. Given the level of uncertainty as to liability and the quantification of any potential liability based on future events it is impracticable to provide further information in the notes to the accounts. This potential liability is also referred to in the auditors report.

Insta Waste Solutions Limited (Registered number: 07400571)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
C S J Currie
Balance outstanding at start of year 525,958 381,696
Amounts advanced 125,428 289,262
Amounts repaid (651,386 ) (145,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 525,958

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The company made payments during the year with Azione1 Limited, a company in which C S J Currie is a director. These amounted to £151,957 (2022: £nil). At the year end a balance of £nil (2022: £nil) was due to the company.

In addition the company incurred consultancy costs amounting to £150,000 (2022: £nil) with Island Speed Services Limited, a company incorporated in the Isle of Man. C S J Currie is the owner of the Island Speed Services Limited. At the year end a balance of £180,000 was owed to Island Speed Services Limited and is included in trade creditors.

The ultimate parent company is Halchar Ltd. Halchar Ltd's registered office is:

Acrelands Orston Lane
Bottesford
Nottingham
NG13 0AU

Consolidated financial statements for the ultimate parent company are filed with the Registrar of Companies where copies may be obtained.

12. ULTIMATE CONTROLLING PARTY

The company is a subsidiary of Halchar Ltd.

Halchar Ltd is ultimately controlled by C S J Currie.