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REGISTERED NUMBER: 10704357 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Stiens Waste Recycling Limited

Stiens Waste Recycling Limited (Registered number: 10704357)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stiens Waste Recycling Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: C Stiens





REGISTERED OFFICE: Elba Crescent
Crymlyn Burrows
Swansea
SA1 8QQ





REGISTERED NUMBER: 10704357 (England and Wales)





ACCOUNTANTS: DGL Accountancy Services Limited
Chartered Certified Accountants
35 Hen Parc Avenue
Upper Killay
Swansea
SA2 7HA

Stiens Waste Recycling Limited (Registered number: 10704357)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,440 47,041

CURRENT ASSETS
Debtors 5 15,875 14,201
Cash at bank and in hand 7,019 14,598
22,894 28,799
CREDITORS
Amounts falling due within one year 6 18,118 14,046
NET CURRENT ASSETS 4,776 14,753
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,216

61,794

CREDITORS
Amounts falling due after more than
one year

7

(11,255

)

(8,453

)

PROVISIONS FOR LIABILITIES 9 (8,100 ) (7,825 )
NET ASSETS 46,861 45,516

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 46,761 45,416
46,861 45,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Stiens Waste Recycling Limited (Registered number: 10704357)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 26 September 2024 and were signed by:





C Stiens - Director


Stiens Waste Recycling Limited (Registered number: 10704357)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Stiens Waste Recycling 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 consists of the invoiced value for services supplied to third parties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

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.

Stiens Waste Recycling Limited (Registered number: 10704357)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 49,176 30,000 - 79,176
Additions 28,296 - 410 28,706
At 31 December 2023 77,472 30,000 410 107,882
DEPRECIATION
At 1 January 2023 19,272 12,863 - 32,135
Charge for year 9,985 4,284 38 14,307
At 31 December 2023 29,257 17,147 38 46,442
NET BOOK VALUE
At 31 December 2023 48,215 12,853 372 61,440
At 31 December 2022 29,904 17,137 - 47,041

The net book value of tangible fixed assets held under hire purchase at 31 December 2023 was £33,073 (2022 : £17,137). The depreciation provided on these assets in the year was £5,363 (2022 : £5,712).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 15,875 11,305
Other debtors - 2,896
15,875 14,201

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 3,034 2,858
Hire purchase contracts 8,500 7,500
Trade creditors 1,000 -
Corporation tax - (5,174 )
Social security and other taxes 460 4,615
Other creditors 3,410 2,439
Directors' current accounts 1,214 308
Accrued expenses 500 1,500
18,118 14,046

Stiens Waste Recycling Limited (Registered number: 10704357)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loan 4,692 7,828
Hire purchase contracts 6,563 625
11,255 8,453

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 15,063 8,125

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 8,100 7,825

Deferred
tax
£   
Balance at 1 January 2023 7,825
Charge to Income Statement during year 275
Balance at 31 December 2023 8,100

10. ULTIMATE CONTROLLING PARTY

There is no single controlling party as the issued shares are held equally between C Stiens, director, and R Stiens.