IRIS Accounts Production v24.2.0.383 13298541 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh132985412023-03-31132985412024-03-31132985412023-04-012024-03-31132985412022-03-31132985412022-04-012023-03-31132985412023-03-3113298541ns15:EnglandWales2023-04-012024-03-3113298541ns14:PoundSterling2023-04-012024-03-3113298541ns10:Director12023-04-012024-03-3113298541ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3113298541ns10:SmallEntities2023-04-012024-03-3113298541ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3113298541ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3113298541ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3113298541ns10:FullAccounts2023-04-012024-03-3113298541ns10:Director22023-04-012024-03-3113298541ns10:RegisteredOffice2023-04-012024-03-3113298541ns5:CurrentFinancialInstruments2024-03-3113298541ns5:CurrentFinancialInstruments2023-03-3113298541ns5:ShareCapital2024-03-3113298541ns5:ShareCapital2023-03-3113298541ns5:RetainedEarningsAccumulatedLosses2024-03-3113298541ns5:RetainedEarningsAccumulatedLosses2023-03-3113298541ns5:PlantMachinery2023-03-3113298541ns5:PlantMachinery2023-04-012024-03-3113298541ns5:PlantMachinery2024-03-3113298541ns5:PlantMachinery2023-03-3113298541ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3113298541ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3113298541ns5:WithinOneYear2024-03-3113298541ns5:WithinOneYear2023-03-3113298541ns5:BetweenOneFiveYears2024-03-3113298541ns5:BetweenOneFiveYears2023-03-3113298541ns5:AllPeriods2024-03-3113298541ns5:AllPeriods2023-03-31
REGISTERED NUMBER: 13298541 (England and Wales)
























WASTE ASSESS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






WASTE ASSESS LIMITED (REGISTERED NUMBER: 13298541)

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


WASTE ASSESS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: I Bailey
T Harris





REGISTERED OFFICE: The Mill House
Albury Road
Little Hadham
Ware
Hertfordshire
SG11 2DQ





REGISTERED NUMBER: 13298541 (England and Wales)





ACCOUNTANTS: TC Group
6-7 Castle Gate
Castle Street
Hertford
Hertfordshire
SG14 1HD

WASTE ASSESS LIMITED (REGISTERED NUMBER: 13298541)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 637 956

CURRENT ASSETS
Debtors 5 128,594 199,105
Cash at bank 38,020 30,078
166,614 229,183
CREDITORS
Amounts falling due within one year 6 115,391 178,237
NET CURRENT ASSETS 51,223 50,946
TOTAL ASSETS LESS CURRENT LIABILITIES 51,860 51,902

PROVISIONS FOR LIABILITIES 121 200
NET ASSETS 51,739 51,702

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 51,735 51,698
51,739 51,702

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.

WASTE ASSESS LIMITED (REGISTERED NUMBER: 13298541)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:





I Bailey - Director


WASTE ASSESS LIMITED (REGISTERED NUMBER: 13298541)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Waste Assess 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

WASTE ASSESS LIMITED (REGISTERED NUMBER: 13298541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 1,275
DEPRECIATION
At 1 April 2023 319
Charge for year 319
At 31 March 2024 638
NET BOOK VALUE
At 31 March 2024 637
At 31 March 2023 956

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 127,303 192,987
Other debtors 1,291 6,118
128,594 199,105

WASTE ASSESS LIMITED (REGISTERED NUMBER: 13298541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,230 65,427
Trade creditors 68,215 76,914
Taxation and social security 25,691 31,374
Other creditors 8,255 4,522
115,391 178,237

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 22,896 22,896
Between one and five years 20,988 43,884
43,884 66,780

8. RELATED PARTY DISCLOSURES

"Dividends paid to I Bailey, director, and T Harris, director, and close family members in their capacity as shareholders during the year totalled £40,000 (2023 - £16,000).

During the period Kalex Limited, of which I Bailey is also a director, provided services to the company. These were charged at normal commercial rates."

9. ULTIMATE CONTROLLING PARTY

During the period ending 31 March 2024 I Bailey, the director, T Harris, the director, Mrs J Bailey and Mrs N Harris controlled the company by virtue of a controlling interest in 100% of the issued ordinary share capital.