Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 04920542 Mr Daniel Egan Mr James Egan Mr James Egan Mr D Egan true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04920542 2023-03-31 04920542 2024-03-31 04920542 2023-04-01 2024-03-31 04920542 frs-core:CurrentFinancialInstruments 2024-03-31 04920542 frs-core:ComputerEquipment 2024-03-31 04920542 frs-core:ComputerEquipment 2023-04-01 2024-03-31 04920542 frs-core:ComputerEquipment 2023-03-31 04920542 frs-core:NetGoodwill 2024-03-31 04920542 frs-core:NetGoodwill 2023-04-01 2024-03-31 04920542 frs-core:NetGoodwill 2023-03-31 04920542 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 04920542 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04920542 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 04920542 frs-core:MotorVehicles 2024-03-31 04920542 frs-core:MotorVehicles 2023-04-01 2024-03-31 04920542 frs-core:MotorVehicles 2023-03-31 04920542 frs-core:PlantMachinery 2024-03-31 04920542 frs-core:PlantMachinery 2023-04-01 2024-03-31 04920542 frs-core:PlantMachinery 2023-03-31 04920542 frs-core:ShareCapital 2024-03-31 04920542 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04920542 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04920542 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04920542 frs-bus:SmallEntities 2023-04-01 2024-03-31 04920542 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04920542 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04920542 1 2023-04-01 2024-03-31 04920542 frs-bus:Director1 2023-04-01 2024-03-31 04920542 frs-bus:Director2 2023-04-01 2024-03-31 04920542 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 04920542 frs-countries:EnglandWales 2023-04-01 2024-03-31 04920542 2022-03-31 04920542 2023-03-31 04920542 2022-04-01 2023-03-31 04920542 frs-core:CurrentFinancialInstruments 2023-03-31 04920542 frs-core:ShareCapital 2023-03-31 04920542 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 04920542
EGAN WASTE SERVICES LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04920542
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,487,265 1,510,804
1,487,265 1,510,804
CURRENT ASSETS
Stocks 6 3,175 3,175
Debtors 7 344,408 326,937
Cash at bank and in hand 597,580 420,180
945,163 750,292
Creditors: Amounts Falling Due Within One Year 8 (447,770 ) (467,000 )
NET CURRENT ASSETS (LIABILITIES) 497,393 283,292
TOTAL ASSETS LESS CURRENT LIABILITIES 1,984,658 1,794,096
NET ASSETS 1,984,658 1,794,096
CAPITAL AND RESERVES
Called up share capital 9 20,100 20,100
Profit and Loss Account 1,964,558 1,773,996
SHAREHOLDERS' FUNDS 1,984,658 1,794,096
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Daniel Egan
Director
Mr James Egan
Director
20/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
EGAN WASTE SERVICES LIMITED Registered number 04920542 is a limited by shares company incorporated in England & Wales. The Registered Office is The Recycling Centre Unit A15, Treforest Industrial Estate, Pontypridd, RCT, CF37 5TA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation charged
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 5 5
Sales, marketing and distribution 11 11
16 16
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4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 120,000
As at 31 March 2024 120,000
Amortisation
As at 1 April 2023 120,000
As at 31 March 2024 120,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 931,119 1,375,211 1,091,066 14,803 3,412,199
Additions - 26,667 39,715 13,606 79,988
Disposals - - (458,755 ) - (458,755 )
As at 31 March 2024 931,119 1,401,878 672,026 28,409 3,033,432
Depreciation
As at 1 April 2023 - 1,007,278 883,272 10,845 1,901,395
Provided during the period - 58,659 33,665 2,528 94,852
Disposals - - (450,080 ) - (450,080 )
As at 31 March 2024 - 1,065,937 466,857 13,373 1,546,167
Net Book Value
As at 31 March 2024 931,119 335,941 205,169 15,036 1,487,265
As at 1 April 2023 931,119 367,933 207,794 3,958 1,510,804
6. Stocks
2024 2023
£ £
Materials 3,175 3,175
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 329,077 310,673
Prepayments and accrued income 15,331 16,264
344,408 326,937
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 90,556 87,941
Corporation tax 55,531 12,112
Other taxes and social security 9,013 8,372
VAT 50,273 32,214
Accruals and deferred income 34,248 28,383
Directors' loan accounts 208,149 297,978
447,770 467,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20,100 20,100
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Daniel Egan 1,020 2,040
Mr James Egan 980 1,960
11. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 2,000 4,000
12. Ultimate Controlling Party
The company's ultimate controlling party is Mr D Egan by virtue of his ownership of 51% of the issued share capital in the company.
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