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REGISTERED NUMBER: 14432215 (England and Wales)















Wastestream Services Limited

Unaudited Financial Statements

for the period

20 October 2022 to 31 December 2023






Wastestream Services Limited (Registered number: 14432215)

Contents of the Financial Statements
for the period 20 October 2022 to 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wastestream Services Limited

Company Information
for the period 20 October 2022 to 31 December 2023







Director: P M Ancketill





Registered office: Walker House
Millers Close
London
NW7 1AQ





Registered number: 14432215 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Wastestream Services Limited (Registered number: 14432215)

Balance Sheet
31 December 2023

Notes £ £
Fixed assets
Intangible assets 4 6,223
Tangible assets 5 159,661
165,884

Current assets
Stocks 62,917
Debtors 6 185,448
Cash at bank 51,972
300,337
Creditors
Amounts falling due within one year 7 260,747
Net current assets 39,590
Total assets less current liabilities 205,474

Creditors
Amounts falling due after more than one year 8 (68,268 )

Provisions for liabilities 10 (40,577 )
Net assets 96,629

Capital and reserves
Called up share capital 11 1
Retained earnings 12 96,628
Shareholders' funds 96,629

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

Wastestream Services Limited (Registered number: 14432215)

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 17 October 2024 and were signed by:





P M Ancketill - Director


Wastestream Services Limited (Registered number: 14432215)

Notes to the Financial Statements
for the period 20 October 2022 to 31 December 2023


1. Statutory information

Wastestream Services 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.

Going Concern
The financial statements have been prepared on a going concern basis.

The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses

Goodwill
Goodwill is recognised as being the amount paid in connection with the acquisition of a business. The estimated useful life of goodwill is 10 years and amortisation is being charged over this period.

Website development
Website development is being amortised evenly over its estimated useful life of 3 years.

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 cost
Motor vehicles - 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 period 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.


Wastestream Services Limited (Registered number: 14432215)

Notes to the Financial Statements - continued
for the period 20 October 2022 to 31 December 2023


2. Accounting policies - continued
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 period 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 period was 10 .

4. Intangible fixed assets
Website
Goodwill development Totals
£ £ £
Cost
Additions 4,816 3,238 8,054
At 31 December 2023 4,816 3,238 8,054
Amortisation
Amortisation for period 482 1,349 1,831
At 31 December 2023 482 1,349 1,831
Net book value
At 31 December 2023 4,334 1,889 6,223

5. Tangible fixed assets
Plant and Motor
machinery vehicles Totals
£ £ £
Cost
Additions 47,204 169,846 217,050
At 31 December 2023 47,204 169,846 217,050
Depreciation
Charge for period 14,752 42,637 57,389
At 31 December 2023 14,752 42,637 57,389
Net book value
At 31 December 2023 32,452 127,209 159,661

Wastestream Services Limited (Registered number: 14432215)

Notes to the Financial Statements - continued
for the period 20 October 2022 to 31 December 2023


6. Debtors: amounts falling due within one year
£
Trade debtors 152,186
Other debtors 33,262
185,448

7. Creditors: amounts falling due within one year
£
Hire purchase contracts (see note 9) 57,997
Trade creditors 95,863
Taxation and social security 47,727
Other creditors 59,160
260,747

8. Creditors: amounts falling due after more than one year
£
Hire purchase contracts (see note 9) 68,268

9. Leasing agreements

Minimum lease payments fall due as follows:

Hire
purchase
contracts
£
Net obligations repayable:
Within one year 57,997
Between one and five years 68,268
126,265

Non-cancellable
operating leases
£
Within one year 57,996
Between one and five years 68,267
126,263

10. Provisions for liabilities
£
Deferred tax
Accelerated capital allowances 40,577

Wastestream Services Limited (Registered number: 14432215)

Notes to the Financial Statements - continued
for the period 20 October 2022 to 31 December 2023


10. Provisions for liabilities - continued

Deferred tax
£
Provided during period 40,577
Balance at 31 December 2023 40,577

11. Called up share capital

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

12. Reserves
Retained
earnings
£

Profit for the period 96,628
At 31 December 2023 96,628

13. Director's advances, credits and guarantees

No advances and credits or guarantees were made to, or on behalf of, the director during the year.
Included in other creditors is a balance due to Mr Ancketill of £39,809. No repayment dates or interest is attached to the loan accounts.