IRIS Accounts Production v24.3.0.553 07120037 director 1.3.23 29.2.24 29.2.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh071200372023-02-28071200372024-02-29071200372023-03-012024-02-29071200372022-02-28071200372022-03-012023-02-28071200372023-02-2807120037ns15:EnglandWales2023-03-012024-02-2907120037ns14:PoundSterling2023-03-012024-02-2907120037ns10:Director12023-03-012024-02-2907120037ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2907120037ns10:SmallEntities2023-03-012024-02-2907120037ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2907120037ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2907120037ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2907120037ns10:FullAccounts2023-03-012024-02-290712003712023-03-012024-02-2907120037ns10:CompanySecretary12023-03-012024-02-2907120037ns10:RegisteredOffice2023-03-012024-02-2907120037ns5:CurrentFinancialInstruments2024-02-2907120037ns5:CurrentFinancialInstruments2023-02-2807120037ns5:Non-currentFinancialInstruments2024-02-2907120037ns5:Non-currentFinancialInstruments2023-02-2807120037ns5:ShareCapital2024-02-2907120037ns5:ShareCapital2023-02-2807120037ns5:RetainedEarningsAccumulatedLosses2024-02-2907120037ns5:RetainedEarningsAccumulatedLosses2023-02-2807120037ns5:NetGoodwill2023-03-012024-02-2907120037ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2907120037ns5:PlantMachinery2023-03-012024-02-2907120037ns5:NetGoodwill2023-02-2807120037ns5:NetGoodwill2024-02-2907120037ns5:NetGoodwill2023-02-2807120037ns5:LandBuildings2023-02-2807120037ns5:PlantMachinery2023-02-2807120037ns5:LandBuildings2023-03-012024-02-2907120037ns5:LandBuildings2024-02-2907120037ns5:PlantMachinery2024-02-2907120037ns5:LandBuildings2023-02-2807120037ns5:PlantMachinery2023-02-2807120037ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-02-2807120037ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-012024-02-2907120037ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-02-2907120037ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-02-2807120037ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2907120037ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2807120037ns5:Secured2024-02-2907120037ns5:Secured2023-02-28071200371ns10:Director12023-02-28071200371ns10:Director12022-02-28071200371ns10:Director12023-03-012024-02-29071200371ns10:Director12022-03-012023-02-28071200371ns10:Director12024-02-29071200371ns10:Director12023-02-28
REGISTERED NUMBER: 07120037 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

AVALON WASTE MANAGEMENT LIMITED

AVALON WASTE MANAGEMENT LIMITED (REGISTERED NUMBER: 07120037)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AVALON WASTE MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: D T Sharland





SECRETARY: Mrs J R Sharland





REGISTERED OFFICE: St. John's House,
Castle Street,
Taunton
Somerset
TA1 4AY





REGISTERED NUMBER: 07120037 (England and Wales)





ACCOUNTANTS: Mitchells Chartered Accountants
St. John's House,
Castle Street,
Taunton
Somerset
TA1 4AY

AVALON WASTE MANAGEMENT LIMITED (REGISTERED NUMBER: 07120037)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 430,215 433,806
430,215 433,806

CURRENT ASSETS
Stocks 17,169 12,919
Debtors 6 43,533 37,197
Cash at bank and in hand 2,090 1,043
62,792 51,159
CREDITORS
Amounts falling due within one year 7 198,869 195,705
NET CURRENT LIABILITIES (136,077 ) (144,546 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

294,138

289,260

CREDITORS
Amounts falling due after more than one
year

8

(156,391

)

(193,795

)

PROVISIONS FOR LIABILITIES (65,905 ) (48,214 )
NET ASSETS 71,842 47,251

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 71,542 46,951
SHAREHOLDERS' FUNDS 71,842 47,251

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

AVALON WASTE MANAGEMENT LIMITED (REGISTERED NUMBER: 07120037)

BALANCE SHEET - continued
29 FEBRUARY 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 director and authorised for issue on 6 November 2024 and were signed by:





D T Sharland - Director


AVALON WASTE MANAGEMENT LIMITED (REGISTERED NUMBER: 07120037)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Avalon Waste Management 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% 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.

AVALON WASTE MANAGEMENT LIMITED (REGISTERED NUMBER: 07120037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 125,000
AMORTISATION
At 1 March 2023
and 29 February 2024 125,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

AVALON WASTE MANAGEMENT LIMITED (REGISTERED NUMBER: 07120037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 - 667,746 667,746
Additions 4,800 59,016 63,816
Disposals - (30,930 ) (30,930 )
At 29 February 2024 4,800 695,832 700,632
DEPRECIATION
At 1 March 2023 - 233,940 233,940
Charge for year - 56,748 56,748
Eliminated on disposal - (20,271 ) (20,271 )
At 29 February 2024 - 270,417 270,417
NET BOOK VALUE
At 29 February 2024 4,800 425,415 430,215
At 28 February 2023 - 433,806 433,806

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2023 259,492
Additions 35,836
At 29 February 2024 295,328
DEPRECIATION
At 1 March 2023 65,174
Charge for year 40,633
At 29 February 2024 105,807
NET BOOK VALUE
At 29 February 2024 189,521
At 28 February 2023 194,318

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 42,985 36,812
Other debtors 548 385
43,533 37,197

AVALON WASTE MANAGEMENT LIMITED (REGISTERED NUMBER: 07120037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 24,430 63,213
Hire purchase contracts 40,787 35,483
Trade creditors 68,224 31,207
Taxation and social security 22,500 2,771
Other creditors 42,928 63,031
198,869 195,705

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 52,165 67,786
Hire purchase contracts 104,226 126,009
156,391 193,795

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,392 15,033

9. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank overdrafts 7,237 46,275
Bank loans 69,358 84,724
76,595 130,999

£130,000 bank guarantee given to Lloyds by David Sharland. £120,000 bank guarantee given to Lloyds by Ivan Sharland supported by a legal charge over Ridge Farm.
Lloyds bank holds a debenture incorporating a fixed and floating charge over current and future assets of the company.

AVALON WASTE MANAGEMENT LIMITED (REGISTERED NUMBER: 07120037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
D T Sharland
Balance outstanding at start of year (192 ) (917 )
Amounts advanced 2,944 2,813
Amounts repaid (3,086 ) (2,088 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (334 ) (192 )

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is David Sharland.