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REGISTERED NUMBER: 06807146















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: S Carrie
D Carrie





SECRETARY: S Carrie





REGISTERED OFFICE: Turpin Lane
Common Lane
Sherburn in Elmet
Leeds
West Yorkshire
LS25 5DR





REGISTERED NUMBER: 06807146





ACCOUNTANTS: Flemingate - Accountancy and Taxation
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 3,430,041 2,197,710

CURRENT ASSETS
Debtors 5 2,520,532 1,742,240
Cash at bank and in hand 321,163 609,148
2,841,695 2,351,388
CREDITORS
Amounts falling due within one year 6 2,607,786 1,662,679
NET CURRENT ASSETS 233,909 688,709
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,663,950

2,886,419

CREDITORS
Amounts falling due after more than one
year

7

(34,704

)

(44,442

)

PROVISIONS FOR LIABILITIES (498,881 ) (409,238 )
NET ASSETS 3,130,365 2,432,739

CAPITAL AND RESERVES
Called up share capital 3 3
Capital support from
associated company 1,588,935 1,588,935
Retained earnings 1,541,427 843,801
SHAREHOLDERS' FUNDS 3,130,365 2,432,739

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 MALTINGS ORGANIC TREATMENT LIMITED (REGISTERED NUMBER: 06807146)

BALANCE SHEET - continued
30TH APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th January 2025 and were signed on its behalf by:





S Carrie - Director


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 private company, limited by shares , registered in Not specified/Other. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 48 (2023 - 45 ) .

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 1,807,116 3,351,088 174,763 403,819 5,736,786
Additions 1,224,209 426,887 34,688 259,463 1,945,247
Disposals - (190,054 ) - (75,900 ) (265,954 )
At 30th April 2024 3,031,325 3,587,921 209,451 587,382 7,416,079
DEPRECIATION
At 1st May 2023 1,246,359 1,997,780 87,346 207,591 3,539,076
Charge for year 188,159 246,718 18,317 114,972 568,166
Eliminated on disposal - (65,804 ) - (55,400 ) (121,204 )
At 30th April 2024 1,434,518 2,178,694 105,663 267,163 3,986,038
NET BOOK VALUE
At 30th April 2024 1,596,807 1,409,227 103,788 320,219 3,430,041
At 30th April 2023 560,757 1,353,308 87,417 196,228 2,197,710

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 1,225,807 - 1,225,807
Additions - 61,735 61,735
Transfer to ownership (1,122,581 ) - (1,122,581 )
At 30th April 2024 103,226 61,735 164,961
DEPRECIATION
At 1st May 2023 707,953 - 707,953
Charge for year 9,509 15,434 24,943
Transfer to ownership (668,120 ) - (668,120 )
At 30th April 2024 49,342 15,434 64,776
NET BOOK VALUE
At 30th April 2024 53,884 46,301 100,185
At 30th April 2023 517,854 - 517,854

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 2,329,581 1,452,398
Other debtors 170,698 277,710
Prepayments 20,253 12,132
2,520,532 1,742,240

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 59,589 59,231
Trade creditors 1,924,960 967,383
Tax 261,216 222,771
Social security and other taxes 52,642 39,929
VAT 250,380 326,462
Company credit card 27,598 16,581
Directors' current accounts 4,719 1,485
Accrued expenses 26,682 28,837
2,607,786 1,662,679

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 34,704 44,442

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.