Registered number
09542673
Lister Recycling & Waste Management Limited
Filleted Accounts
30 April 2024
Lister Recycling & Waste Management Limited
Registered number: 09542673
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 374,253 344,321
Current assets
Stocks 2,598 23,034
Debtors 4 147,757 136,019
Cash at bank and in hand 52,384 55,453
202,739 214,506
Creditors: amounts falling due within one year 5 (223,538) (280,417)
Net current liabilities (20,799) (65,911)
Total assets less current liabilities 353,454 278,410
Creditors: amounts falling due after more than one year 6 (22,788) (12,237)
Provisions for liabilities (32,927) (13,772)
Net assets 297,739 252,401
Capital and reserves
Called up share capital 245,938 245,938
Share premium 4,163 4,163
Profit and loss account 47,638 2,300
Shareholders' funds 297,739 252,401
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. P. Devanney
Director
Approved by the board on 17 January 2025
Lister Recycling & Waste Management Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 2% reducing balance
Plant and machinery 20% reducing balance
Motor vehicles 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 249,299 201,747 85,450 536,496
Additions - 100 81,500 81,600
Disposals - - (14,500) (14,500)
At 30 April 2024 249,299 201,847 152,450 603,596
Depreciation
At 1 May 2023 29,741 109,414 53,020 192,175
Charge for the year 3,392 18,487 21,035 42,914
On disposals - - (5,746) (5,746)
At 30 April 2024 33,133 127,901 68,309 229,343
Net book value
At 30 April 2024 216,166 73,946 84,141 374,253
At 30 April 2023 219,558 92,333 32,430 344,321
4 Debtors 2024 2023
£ £
Trade debtors 81,319 66,158
Other debtors 66,438 69,861
147,757 136,019
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 20,833 30,833
Obligations under finance lease and hire purchase contracts 30,195 17,487
Trade creditors 80,708 90,619
Taxation and social security costs 23,576 27,222
Other creditors 68,226 114,256
223,538 280,417
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 22,788 12,237
7 Other information
Lister Recycling & Waste Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 6a
The Grove Industrial Estate
Castleside Road
Consett
DH8 8BH
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