Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31waste management services2023-02-01false1516truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07915508 2023-02-01 2024-01-31 07915508 2022-02-01 2023-01-31 07915508 2024-01-31 07915508 2023-01-31 07915508 c:Director1 2023-02-01 2024-01-31 07915508 d:PlantMachinery 2023-02-01 2024-01-31 07915508 d:PlantMachinery 2024-01-31 07915508 d:PlantMachinery 2023-01-31 07915508 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 07915508 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 07915508 d:ComputerEquipment 2023-02-01 2024-01-31 07915508 d:ComputerEquipment 2024-01-31 07915508 d:ComputerEquipment 2023-01-31 07915508 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 07915508 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 07915508 d:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 07915508 d:OtherPropertyPlantEquipment 2024-01-31 07915508 d:OtherPropertyPlantEquipment 2023-01-31 07915508 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 07915508 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 07915508 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 07915508 d:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 07915508 d:CurrentFinancialInstruments 2024-01-31 07915508 d:CurrentFinancialInstruments 2023-01-31 07915508 d:Non-currentFinancialInstruments 2024-01-31 07915508 d:Non-currentFinancialInstruments 2023-01-31 07915508 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 07915508 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 07915508 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 07915508 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 07915508 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-01-31 07915508 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-01-31 07915508 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-01-31 07915508 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-31 07915508 d:ShareCapital 2024-01-31 07915508 d:ShareCapital 2023-01-31 07915508 d:RetainedEarningsAccumulatedLosses 2024-01-31 07915508 d:RetainedEarningsAccumulatedLosses 2023-01-31 07915508 c:FRS102 2023-02-01 2024-01-31 07915508 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07915508 c:FullAccounts 2023-02-01 2024-01-31 07915508 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07915508 d:EntityControlledByKeyManagementPersonnel1 2023-02-01 2024-01-31 07915508 d:EntityControlledByKeyManagementPersonnel1 2024-01-31 07915508 d:EntityControlledByKeyManagementPersonnel1 2023-01-31 07915508 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-01-31 07915508 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-01-31 07915508 d:LeasedAssetsHeldAsLessee 2024-01-31 07915508 d:LeasedAssetsHeldAsLessee 2023-01-31 iso4217:GBP xbrli:pure

Registered number: 07915508









G & S WASTE MANAGEMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
G & S WASTE MANAGEMENT LIMITED
REGISTERED NUMBER: 07915508

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
381,690
224,303

  
381,690
224,303

Current assets
  

Debtors: amounts falling due within one year
 5 
1,154,546
1,139,960

Cash at bank and in hand
 6 
940,209
732,776

  
2,094,755
1,872,736

Creditors: amounts falling due within one year
 7 
(311,088)
(376,695)

Net current assets
  
 
 
1,783,667
 
 
1,496,041

Total assets less current liabilities
  
2,165,357
1,720,344

Creditors: amounts falling due after more than one year
 8 
(231,293)
(104,926)

  

Net assets
  
1,934,064
1,615,418


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
1,934,062
1,615,416

  
1,934,064
1,615,418


Page 1

 
G & S WASTE MANAGEMENT LIMITED
REGISTERED NUMBER: 07915508
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 September 2024.




G Donn
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
G & S WASTE MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

G & S Waste Management Limited is a private company, limited by shares and incorporated in England and Wales, with a registration number 07915508. The registered office is Old Station Road, Loughton, Essex, IG10 4PL. The principal activity of the company is that of provision of waste management services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
G & S WASTE MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25% on reducing balance
Computer equipment
-
25% on reducing balance
Other fixed assets
-
25% on reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
G & S WASTE MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts
Page 5

 
G & S WASTE MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)

discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2023 - 16).

Page 6

 
G & S WASTE MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Plant and machinery
Computer equipment
Other fixed assets
Total

£
£
£
£



Cost or valuation


At 1 February 2023
604,985
1,791
800
607,576


Additions
285,935
-
-
285,935


Disposals
(73,527)
-
-
(73,527)



At 31 January 2024

817,393
1,791
800
819,984



Depreciation


At 1 February 2023
381,060
1,474
739
383,273


Charge for the year on owned assets
9,666
79
61
9,806


Charge for the year on financed assets
92,718
-
-
92,718


Disposals
(47,503)
-
-
(47,503)



At 31 January 2024

435,941
1,553
800
438,294



Net book value



At 31 January 2024
381,452
238
-
381,690



At 31 January 2023
223,925
317
61
224,303

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
338,550
197,821

338,550
197,821

Page 7

 
G & S WASTE MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
290,922
274,253

Other debtors
863,624
865,707

1,154,546
1,139,960



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
940,209
732,776

940,209
732,776



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
94,379
73,989

Corporation tax
80,770
113,473

Other taxation and social security
39,574
99,704

Obligations under finance lease and hire purchase contracts
71,175
66,674

Other creditors
8,990
6,570

Accruals and deferred income
6,200
6,285

311,088
376,695



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
20,000
30,000

Net obligations under finance leases and hire purchase contracts
211,293
74,926

231,293
104,926


Page 8

 
G & S WASTE MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
-


10,000
-

Amounts falling due 2-5 years

Bank loans
10,000
30,000


10,000
30,000


30,000
40,000



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £8,129 (2023 - £6,683).Contributions totalling £2,269 (2023 - £1,426) were payable to the fund at the balance sheet date and are included in creditors.


11.


Related party transactions

At year end the following amounts were due from / (to) related parties


2024
2023
£
£

Key management personnel
92,766
(227)
Entities under common control
861,188
861,188
953,954
860,961
 
Page 9