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REGISTERED NUMBER: 04171142 (England and Wales)
















Waste Handling Solutions Ltd

Unaudited Financial Statements

for the Year Ended

31 March 2024






Waste Handling Solutions Ltd (Registered number: 04171142)






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 Handling Solutions Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P A Brown
E A Smith





SECRETARY: P A Brown





REGISTERED OFFICE: Unit 5 Crown Industrial Estate
Crown Road
Warmley
Bristol
Avon
BS30 8JJ





REGISTERED NUMBER: 04171142 (England and Wales)





ACCOUNTANTS: Moffat Gilbert
5 Clarendon Place
Leamington Spa
Warwickshire
CV32 5QL

Waste Handling Solutions Ltd (Registered number: 04171142)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 320,900 329,910
320,901 329,911

CURRENT ASSETS
Stocks 293,700 296,528
Debtors 6 129,838 137,256
Cash at bank and in hand 507,707 355,944
931,245 789,728
CREDITORS
Amounts falling due within one year 7 265,561 196,263
NET CURRENT ASSETS 665,684 593,465
TOTAL ASSETS LESS CURRENT
LIABILITIES

986,585

923,376

CREDITORS
Amounts falling due after more than one
year

8

(13,603

)

(33,465

)

PROVISIONS FOR LIABILITIES (6,067 ) (7,319 )
NET ASSETS 966,915 882,592

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 966,815 882,492
SHAREHOLDERS' FUNDS 966,915 882,592

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 Handling Solutions Ltd (Registered number: 04171142)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2024 and were signed on its behalf by:




P A Brown - Director



E A Smith - Director


Waste Handling Solutions Ltd (Registered number: 04171142)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Waste Handling Solutions Ltd 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.

Where the turnover is in respect of rental agreements, the turnover is adjusted to adhere to the accruals concept.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, has been 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance and 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% 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 Statement of Income and Retained Earnings, 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.

Waste Handling Solutions Ltd (Registered number: 04171142)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 40,003
AMORTISATION
At 1 April 2023
and 31 March 2024 40,002
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

Waste Handling Solutions Ltd (Registered number: 04171142)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 349,954 224,193 574,147
Additions - 1,643 1,643
Disposals - (43,534 ) (43,534 )
At 31 March 2024 349,954 182,302 532,256
DEPRECIATION
At 1 April 2023 49,321 194,916 244,237
Charge for year 3,999 5,934 9,933
Eliminated on disposal - (42,814 ) (42,814 )
At 31 March 2024 53,320 158,036 211,356
NET BOOK VALUE
At 31 March 2024 296,634 24,266 320,900
At 31 March 2023 300,633 29,277 329,910

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

Plant and
machinery
etc
£   
COST
At 1 April 2023 32,410
Transfer to ownership (32,410 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 23,914
Charge for year 1,699
Transfer to ownership (25,613 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 8,496

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 114,543 114,407
Other debtors 15,295 22,849
129,838 137,256

Waste Handling Solutions Ltd (Registered number: 04171142)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 19,868 18,698
Hire purchase contracts - 3,262
Trade creditors 69,082 48,458
Taxation and social security 59,995 46,481
Other creditors 116,616 79,364
265,561 196,263

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 13,603 33,465

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 33,471 52,163

The bank loan is secured on the property to which it relates.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

During the year the company provided goods and services to WHS (Environmental) Limited in the amount of £778 and received services from that company in the amount of £45,000. The company provided goods and services to Balecom Limited in the amount of £1,661 and received goods from that business to the value of £166. Bag and Bale Limited provided goods and services in the amount of £121,633 in the year and the company provided goods and services to Bag and Bale Limited in the amount of £5,221. The director P A Brown has an interest in all three companies, the director E A Smith has an interest in both Balecom Limited and WHS (Environmental) Limited. The amount owed at the year end by Balecom Limited to the company was £6,644 (2023 £6,475), the amount owed to WHS (Environmental) Limited by the company was £62,982 (2023 £8,982) and the amount owed to Bag and Bale Limited by the company was £2,186 (2023 owed by Bag & Bale Limited £7,305).

The company paid rent to its pension fund in the year in the amount of £17,004.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is the director, P A Brown.