IRIS Accounts Production v24.2.0.383 04350599 Board of Directors 1.5.23 30.4.24 30.4.24 true false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043505992023-04-30043505992024-04-30043505992023-05-012024-04-30043505992022-04-30043505992022-05-012023-04-30043505992023-04-3004350599ns15:EnglandWales2023-05-012024-04-3004350599ns14:PoundSterling2023-05-012024-04-3004350599ns10:Director12023-05-012024-04-3004350599ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3004350599ns10:SmallEntities2023-05-012024-04-3004350599ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3004350599ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3004350599ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3004350599ns10:FullAccounts2023-05-012024-04-300435059912023-05-012024-04-3004350599ns10:Director22023-05-012024-04-3004350599ns10:Director32023-05-012024-04-3004350599ns10:Director42023-05-012024-04-3004350599ns10:CompanySecretary12023-05-012024-04-3004350599ns10:RegisteredOffice2023-05-012024-04-3004350599ns5:CurrentFinancialInstruments2024-04-3004350599ns5:CurrentFinancialInstruments2023-04-3004350599ns5:ShareCapital2024-04-3004350599ns5:ShareCapital2023-04-3004350599ns5:RevaluationReserve2024-04-3004350599ns5:RevaluationReserve2023-04-3004350599ns5:RetainedEarningsAccumulatedLosses2024-04-3004350599ns5:RetainedEarningsAccumulatedLosses2023-04-3004350599ns5:NetGoodwill2023-05-012024-04-3004350599ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3004350599ns5:LeaseholdImprovements2023-05-012024-04-3004350599ns5:PlantMachinery2023-05-012024-04-3004350599ns5:FurnitureFittings2023-05-012024-04-3004350599ns5:MotorVehicles2023-05-012024-04-3004350599ns5:NetGoodwill2023-04-3004350599ns5:NetGoodwill2024-04-3004350599ns5:NetGoodwill2023-04-3004350599ns5:LongLeaseholdAssetsns5:LandBuildings2023-04-3004350599ns5:LeaseholdImprovements2023-04-3004350599ns5:PlantMachinery2023-04-3004350599ns5:LongLeaseholdAssetsns5:LandBuildings2023-05-012024-04-3004350599ns5:LongLeaseholdAssetsns5:LandBuildings2024-04-3004350599ns5:LeaseholdImprovements2024-04-3004350599ns5:PlantMachinery2024-04-3004350599ns5:LongLeaseholdAssetsns5:LandBuildings2023-04-3004350599ns5:LeaseholdImprovements2023-04-3004350599ns5:PlantMachinery2023-04-3004350599ns5:FurnitureFittings2023-04-3004350599ns5:MotorVehicles2023-04-3004350599ns5:FurnitureFittings2024-04-3004350599ns5:MotorVehicles2024-04-3004350599ns5:FurnitureFittings2023-04-3004350599ns5:MotorVehicles2023-04-3004350599ns5:CostValuation2023-04-3004350599ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3004350599ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3004350599ns5:DeferredTaxation2023-04-3004350599ns5:DeferredTaxation2023-05-012024-04-3004350599ns5:DeferredTaxation2024-04-3004350599ns5:RevaluationReserve2023-04-30
REGISTERED NUMBER: 04350599 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2024

FOR

MYTUM & SELBY WASTE RECYCLING LIMITED

MYTUM & SELBY WASTE RECYCLING LIMITED (REGISTERED NUMBER: 04350599)






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


MYTUM & SELBY WASTE RECYCLING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: D Carrie
Mrs C Carrie
S Carrie
Miss R Carrie





SECRETARY: Mrs C Carrie





REGISTERED OFFICE: The Bungalow
Mill Cross Quarry
Sherburn in Elmet
Leeds
West Yorkshire
LS25 6AT





REGISTERED NUMBER: 04350599 (England and Wales)





ACCOUNTANTS: Flemingate - Accountancy and Taxation
1 Village Courtyard
High Street
Holme on Spalding Moor
York
North Yorkshire
YO43 4AA

MYTUM & SELBY WASTE RECYCLING LIMITED (REGISTERED NUMBER: 04350599)

BALANCE SHEET
30TH APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 2,102,608 2,437,287
Investments 6 989,532 989,532
3,092,141 3,426,820

CURRENT ASSETS
Stocks 115,000 115,000
Debtors 7 8,313,815 7,668,238
Cash at bank 2,799,977 2,704,797
11,228,792 10,488,035
CREDITORS
Amounts falling due within one year 8 932,226 1,072,707
NET CURRENT ASSETS 10,296,566 9,415,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,388,707

12,842,148

PROVISIONS FOR LIABILITIES 9 3,745,511 4,020,791
NET ASSETS 9,643,196 8,821,357

CAPITAL AND RESERVES
Called up share capital 21 21
Revaluation reserve 10 989,532 989,532
Retained earnings 8,653,643 7,831,804
SHAREHOLDERS' FUNDS 9,643,196 8,821,357

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.

MYTUM & SELBY WASTE RECYCLING LIMITED (REGISTERED NUMBER: 04350599)

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 22nd January 2025 and were signed on its behalf by:





D Carrie - Director


MYTUM & SELBY WASTE RECYCLING LIMITED (REGISTERED NUMBER: 04350599)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

Mytum & Selby Waste Recycling 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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 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.

MYTUM & SELBY WASTE RECYCLING LIMITED (REGISTERED NUMBER: 04350599)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

2. ACCOUNTING POLICIES - continued

Non depreciation of freehold land & buildings
No depreciation has been applied to the freehold land and buildings held within the balance sheet of the company as the carrying value of £50,468 relates to the acquisition of land only plus the associated legal costs of acquisition.

Provisions
Provisions are recognised when the Company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation taking into account the risks and uncertainties surrounding the obligation.

Pensions
For a defined benefit scheme, the liability recorded in the balance sheet is the present value of the defined obligation at that date. The defined benefit obligation is calculated on an annual basis by independent actuaries.

Actuarial gains and losses are recognised in full in the period in which they occur and are shown in Other Comprehensive Income.

Current and past service costs, along with settlements or curtailments, are charged to the Income Statement. Interest on pension plan liabilities are recognised within finance expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2023 - 45 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 30th April 2024 250,000
AMORTISATION
At 1st May 2023
and 30th April 2024 249,999
NET BOOK VALUE
At 30th April 2024 1
At 30th April 2023 1

MYTUM & SELBY WASTE RECYCLING LIMITED (REGISTERED NUMBER: 04350599)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and
Land property machinery
£    £    £   
COST
At 1st May 2023 207,816 61,449 4,725,558
Additions - - 28,037
Disposals - - (22,187 )
At 30th April 2024 207,816 61,449 4,731,408
DEPRECIATION
At 1st May 2023 - 57,712 2,895,648
Charge for year - 560 266,354
At 30th April 2024 - 58,272 3,162,002
NET BOOK VALUE
At 30th April 2024 207,816 3,177 1,569,406
At 30th April 2023 207,816 3,737 1,829,910

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st May 2023 65,248 1,225,956 6,286,027
Additions - 32,325 60,362
Disposals - - (22,187 )
At 30th April 2024 65,248 1,258,281 6,324,202
DEPRECIATION
At 1st May 2023 54,155 841,225 3,848,740
Charge for year 1,666 104,274 372,854
At 30th April 2024 55,821 945,499 4,221,594
NET BOOK VALUE
At 30th April 2024 9,427 312,782 2,102,608
At 30th April 2023 11,093 384,731 2,437,287

Included in cost of land and buildings is freehold land of £ 207,816 (2023 - £ 207,816 ) which is not depreciated.

MYTUM & SELBY WASTE RECYCLING LIMITED (REGISTERED NUMBER: 04350599)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st May 2023
and 30th April 2024 989,532
NET BOOK VALUE
At 30th April 2024 989,532
At 30th April 2023 989,532

Cost or valuation at 30th April 2024 is represented by:

Other
investments
£   
Valuation in 2023 989,532

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 1,573,590 2,438,762
Other debtors 6,336,680 5,014,240
Directors' current accounts 403,545 215,236
8,313,815 7,668,238

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 321,179 401,531
Tax 412,929 400,579
Social security and other taxes 39,052 15,970
VAT 113,049 180,475
Company credit card 2,760 4,087
Directors' current accounts 15,125 43,351
Accrued expenses 28,132 26,714
932,226 1,072,707

9. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 472,904 556,434

MYTUM & SELBY WASTE RECYCLING LIMITED (REGISTERED NUMBER: 04350599)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

30.4.24 30.4.23
£    £   
Other provisions
E B T Settlement 1,189,607 1,381,357
Pension scheme liability 2,083,000 2,083,000
3,272,607 3,464,357

Aggregate amounts 3,745,511 4,020,791

Deferred
tax
£   
Balance at 1st May 2023 556,434
Provided during year (83,530 )
Balance at 30th April 2024 472,904

10. RESERVES
Revaluation
reserve
£   
At 1st May 2023
and 30th April 2024 989,532

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the course of the year the company transacted with the directors by way of directors' loan account. The transactions were as follows:

Mr David Carrie and Mrs Christine Carrie
The balance outstanding by the directors at the balance sheet date was £ 403,545 - This was repaid on 31st January 2025.

Mr Stephen Carrie
The balance outstanding to the director at the balance sheet date was £ 2,878

Miss Rachel Carrie
The balance outstanding to the director at the balance sheet date was £ 12,338


Rental of Premises to the Company
The company leases its premises from the directors at a quarterly rate of £ 3,000. The premises are owned by Mr D Carrie and Mrs C Carrie. There is no formal lease between the company and the directors for the premises.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company are Mr David Carrie and Mrs Christine Carrie who hold 62% of the issued share capital. The balance of the share capital are held jointly by Mr Steven Carrie and Miss Rachel Carrie the son and daughter of David and Christine Carrie.