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REGISTERED NUMBER: 07553631 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Wasteaction Resource Efficiency Ltd

Wasteaction Resource Efficiency Ltd (Registered number: 07553631)






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


Wasteaction Resource Efficiency Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr Daniel O'Connor
Mrs Alexandra O'Connor





REGISTERED OFFICE: Unit F1d
St Hildas Business Centre
The Ropery
Whitby
North Yorkshire
YO22 4ET





REGISTERED NUMBER: 07553631 (England and Wales)





ACCOUNTANTS: Hallgarth Accountants Ltd
2 Hallgarth
Pickering
North Yorkshire
YO18 7AW

Wasteaction Resource Efficiency Ltd (Registered number: 07553631)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,040 20,678
Investments 5 23,725 23,725
28,765 44,403

CURRENT ASSETS
Debtors 6 214,875 154,400
Cash at bank 161,709 180,736
376,584 335,136
CREDITORS
Amounts falling due within one year 7 367,133 343,927
NET CURRENT ASSETS/(LIABILITIES) 9,451 (8,791 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,216

35,612

CREDITORS
Amounts falling due after more than one
year

8

(19,175

)

(29,175

)

PROVISIONS FOR LIABILITIES (1,260 ) (6,108 )
NET ASSETS 17,781 329

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 17,681 229
SHAREHOLDERS' FUNDS 17,781 329

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.

Wasteaction Resource Efficiency Ltd (Registered number: 07553631)

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 31 July 2024 and were signed on its behalf by:




Mr Daniel O'Connor - Director



Mrs Alexandra O'Connor - Director


Wasteaction Resource Efficiency Ltd (Registered number: 07553631)

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

1. STATUTORY INFORMATION

Wasteaction Resource Efficiency Ltd 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.
Plant and machinery - 10% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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 5 (2023 - 6 ) .

Wasteaction Resource Efficiency Ltd (Registered number: 07553631)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 11,641 48,040 7,582 67,263
Additions - - 708 708
Disposals - (17,790 ) - (17,790 )
At 31 March 2024 11,641 30,250 8,290 50,181
DEPRECIATION
At 1 April 2023 6,814 33,808 5,963 46,585
Charge for year 483 - 1,631 2,114
Eliminated on disposal - (3,558 ) - (3,558 )
At 31 March 2024 7,297 30,250 7,594 45,141
NET BOOK VALUE
At 31 March 2024 4,344 - 696 5,040
At 31 March 2023 4,827 14,232 1,619 20,678

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.3.24 31.3.23
£    £   
Gold 23,725 23,725

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 138,204 84,395
Amounts owed by associates 36,685 25,700
Other debtors 9,019 8,432
Directors' current accounts 22,805 24,148
Prepayments 8,162 11,725
214,875 154,400

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 9,153 7,017
Social security and other taxes 72,274 53,752
Deferred income 268,081 266,820
Accrued expenses 7,625 6,338
367,133 343,927

Wasteaction Resource Efficiency Ltd (Registered number: 07553631)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years 19,175 29,175

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.24 31.3.23
£    £   
Mrs Alexandra O'Connor
Balance outstanding at start of year 12,074 -
Amounts advanced - 12,074
Amounts repaid (671 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,403 12,074

Mr Daniel O'Connor
Balance outstanding at start of year 12,074 -
Amounts advanced - 12,074
Amounts repaid (671 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,403 12,074