Registered number: 01792349 | ||||||||
FOR THE YEAR ENDED 31/05/2024 | ||||||||
Prepared By: | ||||||||
R.J.Taylor & Co | ||||||||
Chartered Accountants | ||||||||
175 Cole Valley Road | ||||||||
Birmingham | ||||||||
B28 0DG |
Central Waste Oil Collections Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/05/2024 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 01792349 | ||||||||
BANKERS | ||||||||
Bank of Scotland | ||||||||
ACCOUNTANTS | ||||||||
R.J.Taylor & Co | ||||||||
Chartered Accountants | ||||||||
175 Cole Valley Road | ||||||||
Birmingham | ||||||||
B28 0DG |
Central Waste Oil Collections Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/05/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Central Waste Oil Collections Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 3 | |||||||||
Cash at bank and in hand | ||||||||||
1,562,040 | 1,440,275 | |||||||||
CREDITORS: Amounts falling due within one year | 4 | |||||||||
NET CURRENT ASSETS | 1,147,009 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 6 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | |||||||||
Capital redemption reserve | 8 | |||||||||
Profit and loss account | 1,729,500 | 1,992,772 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Central Waste Oil Collections Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/05/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Land And Buildings | straight line 2% | |||||||
Plant and Machinery | reducing balance 15% | |||||||
Commercial Vehicles | reducing balance 25% | |||||||
Fixtures and Fittings | reducing balance 10% | |||||||
Motor Cars | reducing balance 25% |
1c. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
2. TANGIBLE FIXED ASSETS | ||||||||||||
Land And | Plant and | Commercial | Fixtures | |||||||||
Buildings | Machinery | Vehicles | and Fittings | Motor Cars | Total | |||||||
£ | £ | £ | £ | £ | £ | |||||||
Cost | ||||||||||||
At 01/06/2023 | 684,373 | 501,882 | 977,616 | 71,238 | 61,460 | 2,296,569 | ||||||
Additions | - | 31,239 | 23,995 | 1,182 | - | 56,416 | ||||||
Disposals | - | (6,250) | (11,740) | (7,028) | - | (25,018) | ||||||
At 31/05/2024 | 684,373 | 526,871 | 989,871 | 65,392 | 61,460 | 2,327,967 | ||||||
Depreciation | ||||||||||||
At 01/06/2023 | 202,341 | 326,173 | 741,284 | 40,955 | 26,889 | 1,337,642 | ||||||
Disposals | - | (3,893) | (8,954) | (3,693) | - | (16,540) | ||||||
For the year | 13,687 | 30,689 | 64,386 | 2,813 | 8,640 | 120,215 | ||||||
At 31/05/2024 | 216,028 | 352,969 | 796,716 | 40,075 | 35,529 | 1,441,317 | ||||||
Net Book Amounts | ||||||||||||
At 31/05/2024 | 886,650 | |||||||||||
At 31/05/2023 | 958,927 | |||||||||||
Central Waste Oil Collections Limited | ||||||||
3. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 614,203 | 533,567 | ||||||
PAYE control | 3,710 | - | ||||||
Prepayments | 30,759 | 27,859 | ||||||
648,672 | 561,426 | |||||||
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 75,365 | 104,180 | ||||||
VAT | 70,624 | 83,309 | ||||||
PAYE control | - | 9,363 | ||||||
Trade creditors | 84,819 | 66,697 | ||||||
Accruals | 363,696 | 29,717 | ||||||
594,504 | 293,266 | |||||||
5. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 14 | |||||
6. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 91,814 | 80,292 | ||||||
91,814 | 80,292 | |||||||
Central Waste Oil Collections Limited | ||||||||
7. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
16,435 | 16,435 | |||||||
16,435 | 16,435 | |||||||
8. OTHER RESERVES | 2024 | 2023 | ||||
£ | £ | |||||
Capital redemption reserve | 16,437 | 16,437 | ||||
16,437 | 16,437 | |||||