Company registration number 15158895 (England and Wales)
Ellete Waste Ltd
UNAUDITED FINANCIAL STATEMENTS
for the period ended 30 September 2024
PAGES FOR FILING WITH REGISTRAR
Ellete Waste Ltd
Contents
Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
Ellete Waste Ltd
Statement of financial position
as at 30 September 2024
- 1 -
2024
Notes
£
£
Fixed assets
Tangible assets
4
90,302
Current assets
Debtors
5
63,500
Cash at bank and in hand
312,049
375,549
Creditors: amounts falling due within one year
6
(284,903)
Net current assets
90,646
Net assets
180,948
Capital and reserves
Called up share capital
180
Profit and loss reserves
180,768
Total equity
180,948
For the financial period ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 23 January 2025
J Sawrij
Director
Company registration number 15158895 (England and Wales)
Ellete Waste Ltd
Statement Of Changes In Equity
for the period ended 30 September 2024
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 23 September 2023
-
Period ended 30 September 2024:
Profit and total comprehensive income
-
180,768
180,768
Issue of share capital
180
-
180
Balance at 30 September 2024
180
180,768
180,948
Ellete Waste Ltd
Notes to the financial statements
for the period ended 30 September 2024
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Turnover is recognised on supply of services.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
15% Reducing balance
Motor vehicles
20% Reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Ellete Waste Ltd
Notes to the financial statements (continued)
for the period ended 30 September 2024
- 4 -
3
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
Number
Total
2
4
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 23 September 2023
Additions
31,690
60,900
92,590
At 30 September 2024
31,690
60,900
92,590
Depreciation and impairment
At 23 September 2023
Depreciation charged in the period
2,106
182
2,288
At 30 September 2024
2,106
182
2,288
Carrying amount
At 30 September 2024
29,584
60,718
90,302
5
Debtors
2024
Amounts falling due within one year:
£
Amounts owed by group undertakings
41,000
Other debtors
22,500
63,500
6
Creditors: amounts falling due within one year
2024
£
Corporation tax
35,652
Other taxation and social security
44,317
Other creditors
203,434
Accruals and deferred income
1,500
284,903
Ellete Waste Ltd
Notes to the financial statements (continued)
for the period ended 30 September 2024
- 5 -
7
Parent company
The parent company of Ellete Waste Ltd is Ellete Investments Ltd and its registered office is West House, King Cross Road, Halifax, West Yorkshire, United Kingdom, HX1 1EB.
8
Company information
Ellete Waste Ltd is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.