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REGISTERED NUMBER: 10615090 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Essex Waste Limited

Essex Waste Limited (Registered number: 10615090)






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


Essex Waste Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: G Walker





REGISTERED OFFICE: Home Farm
Gaunts End
Elsenham
Essex
CM22 6DR





REGISTERED NUMBER: 10615090 (England and Wales)





ACCOUNTANTS: CHARLES PETER
Charles House
46 Station Road
Waltham Abbey
Essex
EN9 1FP

Essex Waste Limited (Registered number: 10615090)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 691,309 509,851

CURRENT ASSETS
Stocks 265,000 189,295
Debtors 5 455,834 548,647
Cash at bank and in hand 162,608 396,790
883,442 1,134,732
CREDITORS
Amounts falling due within one year 6 851,403 842,744
NET CURRENT ASSETS 32,039 291,988
TOTAL ASSETS LESS CURRENT
LIABILITIES

723,348

801,839

CREDITORS
Amounts falling due after more than one
year

7

96,146

111,350
NET ASSETS 627,202 690,489

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 627,102 690,389
SHAREHOLDERS' FUNDS 627,202 690,489

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.

Essex Waste Limited (Registered number: 10615090)

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 12 November 2024 and were signed by:





G Walker - Director


Essex Waste Limited (Registered number: 10615090)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Essex Waste 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 20% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Essex Waste Limited (Registered number: 10615090)

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 March 2023 - 78,626 4,522
Additions 174,133 - -
At 29 February 2024 174,133 78,626 4,522
DEPRECIATION
At 1 March 2023 - 30,819 2,151
Charge for year 34,827 11,952 593
At 29 February 2024 34,827 42,771 2,744
NET BOOK VALUE
At 29 February 2024 139,306 35,855 1,778
At 28 February 2023 - 47,807 2,371

Essex Waste Limited (Registered number: 10615090)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 598,831 1,914 683,893
Additions 196,500 - 370,633
At 29 February 2024 795,331 1,914 1,054,526
DEPRECIATION
At 1 March 2023 139,965 1,107 174,042
Charge for year 141,601 202 189,175
At 29 February 2024 281,566 1,309 363,217
NET BOOK VALUE
At 29 February 2024 513,765 605 691,309
At 28 February 2023 458,866 807 509,851

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2023 239,945
Additions 161,000
At 29 February 2024 400,945
DEPRECIATION
At 1 March 2023 20,791
Charge for year 73,538
At 29 February 2024 94,329
NET BOOK VALUE
At 29 February 2024 306,616
At 28 February 2023 219,154

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 413,684 520,947
Other debtors 42,150 27,700
455,834 548,647

Essex Waste Limited (Registered number: 10615090)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 127,977 156,084
Trade creditors 663,854 472,330
Taxation and social security 31,890 163,408
Other creditors 27,682 50,922
851,403 842,744

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 96,146 111,350