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Registration number: 03583030

Waste Management Maintenance Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Waste Management Maintenance Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Waste Management Maintenance Limited

Company Information

Director

DL Baines

Company secretary

JA Atkinson

Registered office

50 Huddersfield Road
Holmfirth
West Yorkshire
HD9 3JH

 

Waste Management Maintenance Limited

(Registration number: 03583030)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,096

5,640

Current assets

 

Debtors

5

55,450

144,554

Cash at bank and in hand

 

126,344

124,132

 

181,794

268,686

Creditors: Amounts falling due within one year

6

(82,648)

(161,705)

Net current assets

 

99,146

106,981

Total assets less current liabilities

 

103,242

112,621

Provisions for liabilities

(1,039)

(5,119)

Net assets

 

102,203

107,502

Capital and reserves

 

Called up share capital

2

2

Retained earnings

102,201

107,500

Shareholders' funds

 

102,203

107,502

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Waste Management Maintenance Limited

(Registration number: 03583030)
Balance Sheet as at 31 March 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 September 2024
 

.........................................
DL Baines
Director

 

Waste Management Maintenance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
50 Huddersfield Road
Holmfirth
West Yorkshire
HD9 3JH

These financial statements were authorised for issue by the director on 2 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

 

Waste Management Maintenance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Tools and equipment

15% on reducing balance

Fixtures and fittings

15% on reducing balance and 33% straight line

Motor vehicles

25% on reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Waste Management Maintenance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Waste Management Maintenance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

22,585

6,946

29,531

Additions

1,416

-

1,416

Disposals

(12,310)

(3,281)

(15,591)

At 31 March 2024

11,691

3,665

15,356

Depreciation

At 1 April 2023

19,075

4,816

23,891

Charge for the year

908

228

1,136

Eliminated on disposal

(11,103)

(2,664)

(13,767)

At 31 March 2024

8,880

2,380

11,260

Carrying amount

At 31 March 2024

2,811

1,285

4,096

At 31 March 2023

3,510

2,130

5,640

5

Debtors

Current

2024
£

2023
£

Trade debtors

34,946

17,127

Other debtors

20,504

127,427

 

55,450

144,554

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

9,941

440

Taxation and social security

23,227

13,726

Accruals and deferred income

49,480

49,315

Other creditors

-

98,224

82,648

161,705

 

Waste Management Maintenance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Related party transactions

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

DL Baines

Interest has been charged at 2.25% and there are no conditions attached to this loan.

8,945

45,139

(40,000)

14,084

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

DL Baines

Interest has been charged at 2.25% and there are no conditions attached to this loan.

(272)

36,217

(27,000)

8,945