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REGISTERED NUMBER: 04715882 (England and Wales)















Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 July 2023

for

A1 WOKINGHAM WET WASTE LIMITED

A1 WOKINGHAM WET WASTE LIMITED (REGISTERED NUMBER: 04715882)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Statement of Comprehensive Income 7

Balance Sheet 8

Statement of Changes in Equity 9

Cash Flow Statement 10

Notes to the Cash Flow Statement 11

Notes to the Financial Statements 12


A1 WOKINGHAM WET WASTE LIMITED

Company Information
for the year ended 31 July 2023







DIRECTORS: S E Pike
R J Pike





SECRETARY: E Anderton





REGISTERED OFFICE: Silver Birches
Highland Avenue
Wokingham
Berkshire
RG41 4SP





REGISTERED NUMBER: 04715882 (England and Wales)





AUDITORS: Camerons Accountancy Consultants Limited
Statutory Auditor
Chartered Accountants
9 Worton Park
Cassington
Witney
Oxfordshire
OX29 4SX

A1 WOKINGHAM WET WASTE LIMITED (REGISTERED NUMBER: 04715882)

Strategic Report
for the year ended 31 July 2023

The directors present their strategic report for the year ended 31 July 2023.

REVIEW OF BUSINESS
The principal activity of the company in the period under review was that of the collection of non-hazardous waste and recovery of sorted materials.

The results for the year and financial position are shown in the annexed financial statements.

Turnover £7.5m (£14.5m in 2022 )
Gross margins 21% (52.9% in 2022)
Net profit/(loss) before tax (£0.77m) (£4.8m in 2022)
The Company continues to focus on its core activities with the return of events following Covid 19.

The company operates within a competitive market with the emphasis on service levels as it deals with waste disposal. The Company's objective is to maximise shareholder wealth over the short and long term. The Board anticipates that this will be achieved by increasing market share and adapting to changes in regulations and consumer demands.

PRINCIPAL RISKS AND UNCERTAINTIES
In common with other businesses in the sector, the company faces technological, competitive and economic challenges. Plans are in place to deal with these challenges as they arise.

Financial key performance Indicators
Given the straightforward nature of the business, the company's directors are of the opinion that further analysis using Key Performance Indicators is not necessary for an understanding of the development, performance or position of the company.

Financial risk management objectives and policies.
The company's principal financial instrument comprise cash and cash equivalents. The company has other financial instruments such as trade receivables and trade payables which arise from its operations.
The company is exposed to a variety of financial risks which result from its operating activities. The Directors are responsible for coordinating the company's risk management and focus on actively securing the company's short and medium term cash flows. The company does not actively engage in the trading of financial assets and has no financial derivatives. The most significant risks to which the company is exposed are described below.

Credit Risk
The company's credit risk is primarily attributable to its trade receivables and other debtors. The amounts presented in the Balance Sheet are net of any allowances for doubtful receivables

Liquidity risk
The company seeks to manage risks to ensure sufficient liquidity is available to meet foreseeable needs. The Directors prepare cash flow forecasts on a regular basis to identify any short term difficulties at an early stage.

Employee Involvement
The company has continued its practice of keeping employees informed of matters affecting them as employees and the financial and economic factors affecting the performance of the Company.

Disabled employees
Applications for employment of disabled persons are given full and fair consideration for all vacancies in accordance with their aptitudes and abilities. In the event of an employee becoming disabled, every effort will be made to retain them in order that their employment within the company may continue.

Key Accounting policies
Principal accounting policies are included within Note 2

Cash Flows
Full details of cash flows generated by the business are disclosed within the Cash Flow Statement. The Company generates sufficient cash flow through its ordinary operations to achieve its objectives as set out above.

ON BEHALF OF THE BOARD:





S E Pike - Director


31 July 2024

A1 WOKINGHAM WET WASTE LIMITED (REGISTERED NUMBER: 04715882)

Report of the Directors
for the year ended 31 July 2023

The directors present their report with the financial statements of the company for the year ended 31 July 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of Collection of non-hazardous waste and recovery of sorted materials

DIVIDENDS
A final dividend of £70,000 per share was paid to shareholders for the year to 31 July 2022

DIRECTORS
The directors shown below have held office during the whole of the period from 1 August 2022 to the date of this report.

S E Pike
R J Pike

POLITICAL DONATIONS AND EXPENDITURE
THe donations made during the year were not political donations

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Camerons Accountancy Consultants Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





S E Pike - Director


31 July 2024

Report of the Independent Auditors to the Members of
A1 Wokingham Wet Waste Limited

Qualified opinion
We have audited the financial statements of A1 Wokingham Wet Waste Limited (the 'company') for the year ended 31 July 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion, except for the effects of the matter described in the Basis for qualified opinion section, the financial statements:

-give a true and fair view of the state of the company's affairs as at 31st July 2023 and of its loss for the year then
ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for qualified opinion
The audit opinion has been modified because of the effects or possible effects of the unresolved matter on the comparability of the current period's figures and the corresponding prior year figures. The unresolved matter is incomplete accounting records for part of the year ended 31 July 2022, which prevented us being able to form an opinion on the financial statements as a whole. As a result, a disclaimer of opinion was issued last financial year.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Emphasis of matter
We draw attention to Note 17 of the financial statements, which describes a contingent liability which existed at the financial year end. Our opinion is not modified in respect of this matter.

Key audit matters
Except for the matter described in the Basis for qualified opinion section, we have determined that there are no key audit matters to be communicated in our report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
A1 Wokingham Wet Waste Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.
For the avoidance of doubt, above matters required to report by exception relate to the year ended 31st July 2023. As is described in the Basis of qualified opinion section of our report, limitations for the previous financial year did give rise to reported exceptions.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- The nature of the industries and sectors, control environments and business performance;
- Results of our enquiries of management about their own identification and assessment of the risks of irregularities;
- Any matters we identified having obtained and reviewed the group's documentation on their policies and
procedures relating to:
- Identifying, evaluating and complying with laws and regulations specific to the individual entities, and if
management are aware of any instances of non-compliance.
- Detecting and responding to the risks of fraud and whether management have knowledge of any actual, suspected
or alleged fraud;
- Internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;
- The matters discussed among the audit engagement team covered how and where fraud may occur in the financial
statements and potential indicators of fraud; and
- In keeping with ISAs (UK), we are required to perform specific procedures to respond to the risk of management
override.

Key laws and regulations that has a direct impact on material values within the financial statements include the UK
Companies Act and tax legislation. Other key laws and regulations that the group is subject to are UK Environmental Act, the Hazardous Waste (England and Wales) Regulations, UK General Data Protection Regulation and the Health and Safety Act.

Some of our procedures to respond to risks identified included the following:
- Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance
with the above mentioned significant laws and regulations;
- Enquiring of management about any actual and potential litigation claims;
- Review correspondence with HMRC; and
- Testing appropriateness of journal entered and other adjustments susceptible to management override.

The engagement team members were all briefed on the relevant laws and regulations, and they remained alert to any indications of fraud or non compliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
A1 Wokingham Wet Waste Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Adam Woolford (Senior Statutory Auditor)
for and on behalf of Camerons Accountancy Consultants Limited
Statutory Auditor
Chartered Accountants
9 Worton Park
Cassington
Witney
Oxfordshire
OX29 4SX

31 July 2024

A1 WOKINGHAM WET WASTE LIMITED (REGISTERED NUMBER: 04715882)

Statement of Comprehensive Income
for the year ended 31 July 2023

2023 2022
Notes £    £   

TURNOVER 7,538,421 14,477,551

Cost of sales 6,087,070 6,859,694
GROSS PROFIT 1,451,351 7,617,857

Administrative expenses 1,955,484 1,534,836
(504,133 ) 6,083,021

Other operating income 31,865 62,193
OPERATING (LOSS)/PROFIT 4 (472,268 ) 6,145,214

Interest receivable and similar income 2,290 -
(469,978 ) 6,145,214

Interest payable and similar expenses 5 71,783 27,442
(LOSS)/PROFIT BEFORE TAXATION (541,761 ) 6,117,772

Tax on (loss)/profit 6 66,756 1,314,849
(LOSS)/PROFIT FOR THE FINANCIAL YEAR (608,517 ) 4,802,923

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

(608,517

)

4,802,923

A1 WOKINGHAM WET WASTE LIMITED (REGISTERED NUMBER: 04715882)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 9,509,531 9,330,564

CURRENT ASSETS
Debtors 9 2,712,837 1,898,965
Cash at bank 1,496,704 3,172,904
4,209,541 5,071,869
CREDITORS
Amounts falling due within one year 10 967,395 1,035,220
NET CURRENT ASSETS 3,242,146 4,036,649
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,751,677

13,367,213

CREDITORS
Amounts falling due after more than one year 11 (16,285 ) (86,293 )

PROVISIONS FOR LIABILITIES 14 (310,536 ) (247,547 )
NET ASSETS 12,424,856 13,033,373

CAPITAL AND RESERVES
Called up share capital 15 2 2
Retained earnings 16 12,424,854 13,033,371
SHAREHOLDERS' FUNDS 12,424,856 13,033,373

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





S E Pike - Director


A1 WOKINGHAM WET WASTE LIMITED (REGISTERED NUMBER: 04715882)

Statement of Changes in Equity
for the year ended 31 July 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 August 2021 2 8,370,448 8,370,450

Changes in equity
Dividends - (140,000 ) (140,000 )
Total comprehensive income - 4,802,923 4,802,923
Balance at 31 July 2022 2 13,033,371 13,033,373

Changes in equity
Total comprehensive income - (608,517 ) (608,517 )
Balance at 31 July 2023 2 12,424,854 12,424,856

A1 WOKINGHAM WET WASTE LIMITED (REGISTERED NUMBER: 04715882)

Cash Flow Statement
for the year ended 31 July 2023

2023 2022
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 (189,752 ) 8,630,433
Interest element of hire purchase payments
paid

(71,783

)

(27,442

)
Tax paid (156,822 ) (2,349,045 )
Net cash from operating activities (418,357 ) 6,253,946

Cash flows from investing activities
Purchase of tangible fixed assets (1,099,426 ) (7,801,210 )
Sale of tangible fixed assets - 95,156
Interest received 2,290 -
Net cash from investing activities (1,097,136 ) (7,706,054 )

Cash flows from financing activities
Loan repayments in year (11,067 ) (11,117 )
Capital repayments in year (149,640 ) (484,323 )
Equity dividends paid - (140,000 )
Net cash from financing activities (160,707 ) (635,440 )

Decrease in cash and cash equivalents (1,676,200 ) (2,087,548 )
Cash and cash equivalents at beginning of
year

2

3,172,904

5,260,452

Cash and cash equivalents at end of year 2 1,496,704 3,172,904

A1 WOKINGHAM WET WASTE LIMITED (REGISTERED NUMBER: 04715882)

Notes to the Cash Flow Statement
for the year ended 31 July 2023

1. RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS
2023 2022
£    £   
(Loss)/profit before taxation (541,761 ) 6,117,772
Depreciation charges 855,803 746,810
Loss/(profit) on disposal of fixed assets 64,857 (95,000 )
Finance costs 71,783 27,442
Finance income (2,290 ) -
448,392 6,797,024
(Increase)/decrease in trade and other debtors (679,802 ) 2,396,159
Increase/(decrease) in trade and other creditors 41,658 (562,750 )
Cash generated from operations (189,752 ) 8,630,433

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 July 2023
31/7/23 1/8/22
£    £   
Cash and cash equivalents 1,496,704 3,172,904
Year ended 31 July 2022
31/7/22 1/8/21
£    £   
Cash and cash equivalents 3,172,904 5,260,452


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1/8/22 Cash flow At 31/7/23
£    £    £   
Net cash
Cash at bank 3,172,904 (1,676,200 ) 1,496,704
3,172,904 (1,676,200 ) 1,496,704
Debt
Finance leases (255,871 ) 149,640 (106,231 )
Debts falling due within 1 year (10,920 ) (16,165 ) (27,085 )
Debts falling due after 1 year (27,031 ) 27,031 -
(293,822 ) 160,506 (133,316 )
Total 2,879,082 (1,515,694 ) 1,363,388

A1 WOKINGHAM WET WASTE LIMITED (REGISTERED NUMBER: 04715882)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

A1 Wokingham Wet Waste 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised to the extent that it is probable that economic benefit will flow to the company and that the associated turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, and Value Added Tax.

Turnover arising from the hire of good is recognised on a straight line basis over the period of the rental. Turnover arising from associated services is recognised on performance.

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 - 15% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance and 10% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
The interest element of these obligations is charged to the profit and loss over the relevant period.
The capital element of the future payments is treated as a liability.

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
2023 2022
£    £   
Wages and salaries 2,346,329 2,613,167
Social security costs 254,860 290,655
Other pension costs 52,764 51,161
2,653,953 2,954,983

The average number of employees during the year was as follows:
2023 2022

Employees 47 50

2023 2022
£    £   
Directors' remuneration - -

A1 WOKINGHAM WET WASTE LIMITED (REGISTERED NUMBER: 04715882)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

4. OPERATING (LOSS)/PROFIT

The operating loss (2022 - operating profit) is stated after charging/(crediting):

2023 2022
£    £   
Depreciation - owned assets 771,894 635,926
Depreciation - assets on hire purchase contracts 83,708 110,884
Loss/(profit) on disposal of fixed assets 64,857 (95,000 )
Auditors' remuneration 15,000 15,000
Auditors' remuneration for non audit work 5,000 8,500

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2023 2022
£    £   
Hire purchase 22,677 27,442
HMRC interest & penalties 49,106 -
71,783 27,442

6. TAXATION

Analysis of the tax charge
The tax charge on the loss for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax 3,767 1,067,302

Deferred tax 62,989 247,547
Tax on (loss)/profit 66,756 1,314,849

7. DIVIDENDS
2023 2022
£    £   
Ordinary shares of 1 each
Interim - 140,000

8. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 August 2022 6,778,569 222,795 834,237
Additions - 40,000 11,000
Disposals - - -
At 31 July 2023 6,778,569 262,795 845,237
DEPRECIATION
At 1 August 2022 - 71,908 343,984
Charge for year - 29,054 82,855
Eliminated on disposal - - -
At 31 July 2023 - 100,962 426,839
NET BOOK VALUE
At 31 July 2023 6,778,569 161,833 418,398
At 31 July 2022 6,778,569 150,887 490,253

A1 WOKINGHAM WET WASTE LIMITED (REGISTERED NUMBER: 04715882)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

8. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 53,425 4,964,948 4,982 12,858,956
Additions 15,000 1,023,344 10,082 1,099,426
Disposals - (755,567 ) - (755,567 )
At 31 July 2023 68,425 5,232,725 15,064 13,202,815
DEPRECIATION
At 1 August 2022 28,839 3,078,679 4,982 3,528,392
Charge for year 5,938 734,394 3,361 855,602
Eliminated on disposal - (690,710 ) - (690,710 )
At 31 July 2023 34,777 3,122,363 8,343 3,693,284
NET BOOK VALUE
At 31 July 2023 33,648 2,110,362 6,721 9,509,531
At 31 July 2022 24,586 1,886,269 - 9,330,564

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2022 1,172,938
Transfer to ownership (316,158 )
At 31 July 2023 856,780
DEPRECIATION
At 1 August 2022 840,288
Charge for year 83,708
Transfer to ownership (266,923 )
At 31 July 2023 657,073
NET BOOK VALUE
At 31 July 2023 199,707
At 31 July 2022 332,650

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,377,228 1,417,386
Other debtors 991,616 413,243
Tax 134,070 -
Prepayments and accrued income 209,923 68,336
2,712,837 1,898,965

A1 WOKINGHAM WET WASTE LIMITED (REGISTERED NUMBER: 04715882)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans (see note 12) 27,085 10,920
Hire purchase contracts (see note 13) 89,946 196,609
Trade creditors 235,066 230,499
Tax 188,978 207,963
Social security and other taxes 81,648 75,947
VAT 219,401 291,184
Other creditors - 3,298
Accruals and deferred income 125,271 18,800
967,395 1,035,220

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other loans (see note 12) - 27,031
Hire purchase contracts (see note 13) 16,285 59,262
16,285 86,293

12. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Other loans 27,085 10,920

Amounts falling due between one and two years:
Other loans - 1-2 years - 27,031

13. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year 89,946 196,609
Between one and five years 16,285 59,262
106,231 255,871

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
The interest element of these obligations is charged to the profit and loss over the relevant period.
The capital element of the future payments is treated as a liability.

14. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 310,536 247,547

A1 WOKINGHAM WET WASTE LIMITED (REGISTERED NUMBER: 04715882)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

14. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2022 247,547
Provided during year 62,989
Balance at 31 July 2023 310,536

15. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 1 2 2

16. RESERVES
Retained
earnings
£   

At 1 August 2022 13,033,371
Deficit for the year (608,517 )
At 31 July 2023 12,424,854

17. CONTINGENT LIABILITIES

The Company is currently under enquiry by HMRC regarding its Corporation Tax. HMRC has indicated that there may be a potential for a tax penalty arising from denied R&D tax relief.

The Company is contesting the potential penalty. However, the outcome of the enquiry remains uncertain. HMRC's penalty rates range from 0%-100%. It is not possible to reliably estimate or measure the likelihood of a penalty being imposed or the final amount of any such penalty at this time.

The possibility of a loss arising from this contingent liability cannot be reliably estimated at this date. Therefore, in accordance with FRS 102 Section 21.4(c), a provision for this contingent liability is not recognised.

The Company is actively engaged with HMRC to resolve the enquiry and will update this disclosure in future financial statements as further information becomes available.

18. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
R J Pike and S E Pike
Balance outstanding at start of year 412,523 -
Amounts advanced 577,713 412,523
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 990,236 412,523

The above balances are included within other debtors at the year end.

A1 WOKINGHAM WET WASTE LIMITED (REGISTERED NUMBER: 04715882)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

19. RELATED PARTY DISCLOSURES

Entities with control, joint control or significant influence over the entity
2023 2022
£    £   
Sales 2,110,243 14,406,244
Purchases 117,811 35,805
Amount due from related party 392,028 586,468
Amount due to related party 5,303 2,370