REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2024 |
FOR |
THE MALTINGS ORGANIC TREATMENT LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2024 |
FOR |
THE MALTINGS ORGANIC TREATMENT LIMITED |
THE MALTINGS ORGANIC TREATMENT LIMITED (REGISTERED NUMBER: 06807146) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH APRIL 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
THE MALTINGS ORGANIC TREATMENT LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH APRIL 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
1 Village Courtyard |
High Street |
Holme on Spalding Moor |
York |
North Yorkshire |
YO43 4AA |
THE MALTINGS ORGANIC TREATMENT LIMITED (REGISTERED NUMBER: 06807146) |
BALANCE SHEET |
30TH APRIL 2024 |
30.4.24 | 30.4.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Capital support from |
associated company |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 MALTINGS ORGANIC TREATMENT LIMITED (REGISTERED NUMBER: 06807146) |
BALANCE SHEET - continued |
30TH APRIL 2024 |
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 |
THE MALTINGS ORGANIC TREATMENT LIMITED (REGISTERED NUMBER: 06807146) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH APRIL 2024 |
1. | STATUTORY INFORMATION |
The Maltings Organic Treatment Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
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 |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
THE MALTINGS ORGANIC TREATMENT LIMITED (REGISTERED NUMBER: 06807146) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH APRIL 2024 |
4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | Plant and | and | Motor |
property | machinery | fittings | vehicles | Totals |
£ | £ | £ | £ | £ |
COST |
At 1st May 2023 |
Additions |
Disposals | ( |
) | ( |
) | ( |
) |
At 30th April 2024 |
DEPRECIATION |
At 1st May 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 30th April 2024 |
NET BOOK VALUE |
At 30th April 2024 |
At 30th April 2023 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and | Motor |
machinery | vehicles | Totals |
£ | £ | £ |
COST |
At 1st May 2023 |
Additions |
Transfer to ownership | (1,122,581 | ) | - | (1,122,581 | ) |
At 30th April 2024 |
DEPRECIATION |
At 1st May 2023 |
Charge for year |
Transfer to ownership | (668,120 | ) | - | (668,120 | ) |
At 30th April 2024 |
NET BOOK VALUE |
At 30th April 2024 |
At 30th April 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments |
THE MALTINGS ORGANIC TREATMENT LIMITED (REGISTERED NUMBER: 06807146) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH APRIL 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Hire purchase contracts |
Trade creditors |
Tax |
Social security and other taxes |
VAT | 250,380 | 326,462 |
Company credit card | 27,598 | 16,581 |
Directors' current accounts | 4,719 | 1,485 |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Hire purchase contracts |
THE MALTINGS ORGANIC TREATMENT LIMITED (REGISTERED NUMBER: 06807146) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH APRIL 2024 |
8. | RELATED PARTY DISCLOSURES |
A company trading as Mytum and Selby Waste Recycling Limited advanced a loan to commence the set up of the trading site and this money has been utilised to purchase equipment and ready the site for the receipt and treatment of waste. In addition Mytum and Selby Waste Recycling Limited has paid for other goods and services on behalf of The Maltings Organic Treatment Limited and these have been invoiced on to the company. The overall amount still outstanding of £ 1,588,935 is as capital support from associated company. |
The two directors of The Maltings Organic Treatment Company Limited are also directors of Mytum and Selby Waste Recycling Limited. |
Furthermore Mr S Carrie is also a Director of:- |
Greenline Recycling Solutions Limited |
PB Products Limited |
DNA Baits Limited |
Lost Souls Angling Limited |
British Aquafeeds Limited |
British Animal Feeds Limited |
Re-Worked Products Limited |
Loans were advanced to these companies and the balances outstanding at the balance sheet date are as follows:- |
Greenline Recycling Solutions Limited £ 3,000 |
PB Products Limited £ 0 |
DNA Baits Limited £ 0 |
Lost Souls Angling Limited £ 15,269 |
Mytum and Selby (Goole) Limited - £ 6,352 |
British Aquafeeds Limited - £ 86,076 |
British Animal Feeds Limited - £ 0 |
Re-Worked Products Limited - £ 0 |
Mytum and Selby (Hull) Limited - £ 60,000 |
The above amounts are shown in Other Debtors |
The company also transacted with the director Mr S Carrie by way of an interest free loan account. The balance owing to the director at the balance sheet date was £ 4,719. |
Dividends of £ 50,000 were paid to the director Mr S Carrie. |
The company also transacted with related companies and all transactions were carried out at arms length and commercial values being applied. |
The company was owed the following amounts from:- |
Mytum and Selby Waste Recycling Limited - £ 94,301 |
Mytum and Selby (Goole) Limited - £ 0 |
Mytum and Selby (Hull) Limited - £ 0 |
British Aqua Feeds Limited -,£ 14,937 |
British Animal Feeds Limited - £ 67,387 |
D N A Baits Limited - £ 282,237 |
ReWorked Products Limited - £ 49,968 |
The above are shown in trade debtors. |
The company owed the following amounts to:- |
Mytum and Selby (Hull) Limited - £ 340,216 |
Mytum and Selby (Goole) Limited - £ 193,284 |
Mytum and Selby Waste Recycling Limited - £ 312,444 |
ReWorked Products Limited - £ 0 |
B Aquafeeds Limited - £ 0 |
THE MALTINGS ORGANIC TREATMENT LIMITED (REGISTERED NUMBER: 06807146) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH APRIL 2024 |
The above are shown in trade creditors |
9. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party are the Mr S Carrie, Mr D Carrie and Mrs C Carrie who each own one of the three issued share capital. |