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REGISTERED NUMBER: 09923054 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Stephens Smartwaste Limited

Stephens Smartwaste Limited (Registered number: 09923054)






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


Stephens Smartwaste Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S Blakeley
Mrs C Blakeley





REGISTERED OFFICE: De Trafford Cottage
Hemfield Road
Ince
Wigan
Lancashire
WN2 2SY





REGISTERED NUMBER: 09923054 (England and Wales)





ACCOUNTANTS: Ashford Rainham Limited
10-12 Upper Dicconson St
Wigan
Lancashire
WN1 2AD

Stephens Smartwaste Limited (Registered number: 09923054)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 299,014 354,428

CURRENT ASSETS
Stocks 9,685 9,685
Debtors 5 166,829 107,774
Cash at bank 36,102 43,942
212,616 161,401
CREDITORS
Amounts falling due within one year 6 325,544 336,484
NET CURRENT LIABILITIES (112,928 ) (175,083 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

186,086

179,345

CREDITORS
Amounts falling due after more than one
year

7

(52,168

)

(116,971

)

PROVISIONS FOR LIABILITIES (57,391 ) (19,430 )
NET ASSETS 76,527 42,944

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 76,525 42,942
76,527 42,944

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 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.

Stephens Smartwaste Limited (Registered number: 09923054)

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 Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:




Mrs C Blakeley - Director



S Blakeley - Director


Stephens Smartwaste Limited (Registered number: 09923054)

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

1. STATUTORY INFORMATION

Stephens Smartwaste 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.
Land and buildings - Straight line over 25 years
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 18 (2022 - 15 ) .

Stephens Smartwaste Limited (Registered number: 09923054)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 41,000 813,030 854,030
Additions - 44,907 44,907
At 31 December 2023 41,000 857,937 898,937
DEPRECIATION
At 1 January 2023 9,000 490,602 499,602
Charge for year 2,000 98,321 100,321
At 31 December 2023 11,000 588,923 599,923
NET BOOK VALUE
At 31 December 2023 30,000 269,014 299,014
At 31 December 2022 32,000 322,428 354,428

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 166,829 107,774

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 65,900 71,485
Trade creditors 68,885 66,062
Taxation and social security 52,176 34,367
Other creditors 138,583 164,570
325,544 336,484

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 24,483 34,495
Hire purchase contracts 27,685 82,476
52,168 116,971