Company registration number 04002153 (England and Wales)
GREEN WASTE RECYCLING SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
GREEN WASTE RECYCLING SERVICES LIMITED
COMPANY INFORMATION
Director
Mr D T Jordan
Secretary
Mrs C J Jordan
Company number
04002153
Registered office
Cockshot Farm
Cockshot Lane
Dormston
Worcester
WR7 4LA
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Santander UK plc
2 The Cross
Worcester
Worcestershire
WR1 3PT
GREEN WASTE RECYCLING SERVICES LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
GREEN WASTE RECYCLING SERVICES LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GREEN WASTE RECYCLING SERVICES LIMITED FOR THE YEAR ENDED 31 JANUARY 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Green Waste Recycling Services Limited for the year ended 31 January 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Green Waste Recycling Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Green Waste Recycling Services Limited and state those matters that we have agreed to state to the board of directors of Green Waste Recycling Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Green Waste Recycling Services Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Green Waste Recycling Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Green Waste Recycling Services Limited. You consider that Green Waste Recycling Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Green Waste Recycling Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited
11 October 2024
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
GREEN WASTE RECYCLING SERVICES LIMITED
BALANCE SHEET
AS AT 31 JANUARY 2024
31 January 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
773,093
699,306
Current assets
Debtors
4
145,239
117,139
Cash at bank and in hand
624,170
411,249
769,409
528,388
Creditors: amounts falling due within one year
5
(308,613)
(226,689)
Net current assets
460,796
301,699
Total assets less current liabilities
1,233,889
1,001,005
Creditors: amounts falling due after more than one year
6
(85,386)
(75,460)
Provisions for liabilities
8
(193,273)
(132,858)
Net assets
955,230
792,687
Capital and reserves
Called up share capital
9
3
3
Profit and loss reserves
955,227
792,684
Total equity
955,230
792,687

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

GREEN WASTE RECYCLING SERVICES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024
31 January 2024
- 3 -
The financial statements were approved and signed by the director and authorised for issue on 11 October 2024
Mr D T Jordan
Director
Company registration number 04002153 (England and Wales)
GREEN WASTE RECYCLING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
- 4 -
1
Accounting policies
Company information

Green Waste Recycling Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Cockshot Farm, Cockshot Lane, Dormston, Worcester, United Kingdom, WR7 4LA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% on reducing balance
Equipment, fixtures and fittings
15% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

GREEN WASTE RECYCLING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.5
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.7
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
5
4
GREEN WASTE RECYCLING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
- 6 -
3
Tangible fixed assets
Plant and machinery
Equipment, fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 February 2023
2,045,533
8,625
88,397
2,142,555
Additions
301,239
-
0
-
0
301,239
Disposals
(125,000)
-
0
-
0
(125,000)
At 31 January 2024
2,221,772
8,625
88,397
2,318,794
Depreciation and impairment
At 1 February 2023
1,351,716
8,339
83,194
1,443,249
Depreciation charged in the year
195,891
43
1,301
197,235
Eliminated in respect of disposals
(94,783)
-
0
-
0
(94,783)
At 31 January 2024
1,452,824
8,382
84,495
1,545,701
Carrying amount
At 31 January 2024
768,948
243
3,902
773,093
At 31 January 2023
693,817
286
5,203
699,306
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
143,834
116,632
Other debtors
1,405
507
145,239
117,139
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
23,055
35,966
Trade creditors
33,728
19,909
Taxation and social security
106,988
60,826
Other creditors
144,842
109,988
308,613
226,689
GREEN WASTE RECYCLING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
- 7 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
14,847
37,748
Other creditors
70,539
37,712
85,386
75,460
7
Secured debts
The following secured debts are included within creditors:
2024
2023
£
£
Hire purchase contracts
132,156
65,996
Bank loans
37,902
73,714
170,058
139,710
Hire purchase contracts are secured against the assets to which they relate.
Bank loans are secured by way of a government backed guarantee.
8
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
193,273
132,858
9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
3
3
3
3
10
Ultimate controlling party

There is no ultimate controlling party.

2024-01-312023-02-01false11 October 2024CCH SoftwareCCH Accounts Production 2024.210No description of principal activityMr D T JordanMrs C J Jordanfalsefalse040021532023-02-012024-01-3104002153bus:Director12023-02-012024-01-3104002153bus:CompanySecretary12023-02-012024-01-3104002153bus:RegisteredOffice2023-02-012024-01-3104002153bus:Agent12023-02-012024-01-31040021532024-01-31040021532023-01-3104002153core:PlantMachinery2024-01-3104002153core:FurnitureFittings2024-01-3104002153core:MotorVehicles2024-01-3104002153core:PlantMachinery2023-01-3104002153core:FurnitureFittings2023-01-3104002153core:MotorVehicles2023-01-3104002153core:CurrentFinancialInstrumentscore:WithinOneYear2024-01-3104002153core:CurrentFinancialInstrumentscore:WithinOneYear2023-01-3104002153core:Non-currentFinancialInstrumentscore:AfterOneYear2024-01-3104002153core:Non-currentFinancialInstrumentscore:AfterOneYear2023-01-3104002153core:CurrentFinancialInstruments2024-01-3104002153core:CurrentFinancialInstruments2023-01-3104002153core:Non-currentFinancialInstruments2024-01-3104002153core:Non-currentFinancialInstruments2023-01-3104002153core:ShareCapital2024-01-3104002153core:ShareCapital2023-01-3104002153core:RetainedEarningsAccumulatedLosses2024-01-3104002153core:RetainedEarningsAccumulatedLosses2023-01-3104002153core:PlantMachinery2023-02-012024-01-3104002153core:FurnitureFittings2023-02-012024-01-3104002153core:MotorVehicles2023-02-012024-01-31040021532022-02-012023-01-3104002153core:PlantMachinery2023-01-3104002153core:FurnitureFittings2023-01-3104002153core:MotorVehicles2023-01-31040021532023-01-3104002153core:WithinOneYear2024-01-3104002153core:WithinOneYear2023-01-3104002153bus:PrivateLimitedCompanyLtd2023-02-012024-01-3104002153bus:SmallCompaniesRegimeForAccounts2023-02-012024-01-3104002153bus:FRS1022023-02-012024-01-3104002153bus:AuditExemptWithAccountantsReport2023-02-012024-01-3104002153bus:FullAccounts2023-02-012024-01-31xbrli:purexbrli:sharesiso4217:GBP