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REGISTERED NUMBER: 05511315 (England and Wales)















CHC WASTE FACILITIES MANAGEMENT LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2024






CHC WASTE FACILITIES MANAGEMENT LIMITED (REGISTERED NUMBER: 05511315)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHC WASTE FACILITIES MANAGEMENT LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C H Campkin
D J Campkin
S Campkin





SECRETARY: D J Campkin





REGISTERED OFFICE: Pendre House
Pendre Industrial Estate
Tywyn
Gwynedd
LL36 9LW





REGISTERED NUMBER: 05511315 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

CHC WASTE FACILITIES MANAGEMENT LIMITED (REGISTERED NUMBER: 05511315)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 523,258 348,918

CURRENT ASSETS
Debtors 5 2,402,320 2,175,829
Cash at bank 2,436,891 1,255,732
4,839,211 3,431,561
CREDITORS
Amounts falling due within one year 6 2,000,328 1,664,967
NET CURRENT ASSETS 2,838,883 1,766,594
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,362,141

2,115,512

CREDITORS
Amounts falling due after more than one
year

7

(104,418

)

(138,394

)

PROVISIONS FOR LIABILITIES (77,331 ) (72,687 )
NET ASSETS 3,180,392 1,904,431

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,180,292 1,904,331
3,180,392 1,904,431

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CHC WASTE FACILITIES MANAGEMENT LIMITED (REGISTERED NUMBER: 05511315)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





C H Campkin - Director


CHC WASTE FACILITIES MANAGEMENT LIMITED (REGISTERED NUMBER: 05511315)

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

1. STATUTORY INFORMATION

Chc Waste Facilities Management 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Plant and office equipment - 25% on reducing balance
Motor vehicles - 25% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or 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

The average number of employees during the year was 42 (2023 - 35 ) .

CHC WASTE FACILITIES MANAGEMENT LIMITED (REGISTERED NUMBER: 05511315)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Short office Motor
leasehold equipment vehicles Totals
£    £    £    £   
COST
At 1 April 2023 35,380 1,051,192 114,857 1,201,429
Additions 95,316 54,721 195,220 345,257
At 31 March 2024 130,696 1,105,913 310,077 1,546,686
DEPRECIATION
At 1 April 2023 20,455 748,039 84,017 852,511
Charge for year 26,311 88,091 56,515 170,917
At 31 March 2024 46,766 836,130 140,532 1,023,428
NET BOOK VALUE
At 31 March 2024 83,930 269,783 169,545 523,258
At 31 March 2023 14,925 303,153 30,840 348,918

The net book value of tangible fixed assets includes £ 132,719 (2023 - £ 266,779 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,386,343 2,175,829
Directors' current accounts 15,977 -
2,402,320 2,175,829

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 56,461 59,237
Trade creditors 1,041,936 1,002,771
Taxation and social security 591,857 334,272
Other creditors 300,074 258,687
2,000,328 1,664,967

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 16,667 26,667
Hire purchase contracts (see note 8) 87,751 111,727
104,418 138,394

CHC WASTE FACILITIES MANAGEMENT LIMITED (REGISTERED NUMBER: 05511315)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 56,461 59,237
Between one and five years 87,751 111,727
144,212 170,964

Non-cancellable operating leases
2024 2023
£    £   
Within one year 7,692 7,692
Between one and five years 3,583 11,275
11,275 18,967

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 144,212 170,964

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
S Campkin
Balance outstanding at start of year - -
Amounts advanced 15,977 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,977 -

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are C H Campkin and D J Campkin.