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REGISTERED NUMBER: 11872302 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

The Waste Specialists Limited

The Waste Specialists Limited (Registered number: 11872302)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Waste Specialists Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: P Whittaker
D Brighton





REGISTERED OFFICE: Mansfield House
22 Northgate
Sleaford
Lincolnshire
NG34 7DA





REGISTERED NUMBER: 11872302 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ

The Waste Specialists Limited (Registered number: 11872302)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,020 3,750
Tangible assets 5 11,871 13,200
Investments 6 80 80
15,971 17,030

CURRENT ASSETS
Debtors 7 352,973 248,280
Cash at bank and in hand 119,237 107,270
472,210 355,550
CREDITORS
Amounts falling due within one year 8 349,487 253,761
NET CURRENT ASSETS 122,723 101,789
TOTAL ASSETS LESS CURRENT
LIABILITIES

138,694

118,819

PROVISIONS FOR LIABILITIES 3,972 3,300
NET ASSETS 134,722 115,519

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 133,722 114,519
SHAREHOLDERS' FUNDS 134,722 115,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 Board of Directors and authorised for issue on 2 December 2024 and were signed on its behalf by:



D Brighton - Director



P Whittaker - Director


The Waste Specialists Limited (Registered number: 11872302)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

The Waste Specialists 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.

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.

Computer software is being amortised evenly over its estimated useful life of five 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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33.33% Straight line

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

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.

The Waste Specialists Limited (Registered number: 11872302)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023 3,814
Additions 1,290
At 30 September 2024 5,104
AMORTISATION
At 1 October 2023 64
Charge for year 1,020
At 30 September 2024 1,084
NET BOOK VALUE
At 30 September 2024 4,020
At 30 September 2023 3,750

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023 10,603 2,718 3,238 16,559
Additions - 398 2,536 2,934
At 30 September 2024 10,603 3,116 5,774 19,493
DEPRECIATION
At 1 October 2023 1,520 150 1,689 3,359
Charge for year 1,816 593 1,854 4,263
At 30 September 2024 3,336 743 3,543 7,622
NET BOOK VALUE
At 30 September 2024 7,267 2,373 2,231 11,871
At 30 September 2023 9,083 2,568 1,549 13,200

The Waste Specialists Limited (Registered number: 11872302)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 October 2023
and 30 September 2024 80
NET BOOK VALUE
At 30 September 2024 80
At 30 September 2023 80

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 309,394 201,729
Amounts owed by group undertakings 39,670 32,708
Other debtors 3,909 13,843
352,973 248,280

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 248,208 153,748
Taxation and social security 89,891 84,639
Other creditors 11,388 15,374
349,487 253,761

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 40,832 33,278
Between one and five years 14,787 33,587
55,619 66,865

10. RELATED PARTY DISCLOSURES

At the year end the company was owed £39,670 (2023: £32,708) from a subsidiary company. No interest was charged on this loan