Lodge Resource Management Limited 07991230 false 2023-03-31 2024-03-30 2024-03-30 The principal activity of the company is management and handling of food waste. Digita Accounts Production Advanced 6.30.9574.0 true true 07991230 2023-03-31 2024-03-30 07991230 2024-03-30 07991230 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-30 07991230 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-30 07991230 core:ConstructionInProgressAssetsUnderConstruction 2024-03-30 07991230 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-30 07991230 core:MotorVehicles 2024-03-30 07991230 core:PlantMachinery 2024-03-30 07991230 bus:SmallEntities 2023-03-31 2024-03-30 07991230 bus:AuditExemptWithAccountantsReport 2023-03-31 2024-03-30 07991230 bus:FullAccounts 2023-03-31 2024-03-30 07991230 bus:SmallCompaniesRegimeForAccounts 2023-03-31 2024-03-30 07991230 bus:RegisteredOffice 2023-03-31 2024-03-30 07991230 bus:Director1 2023-03-31 2024-03-30 07991230 bus:PrivateLimitedCompanyLtd 2023-03-31 2024-03-30 07991230 core:ConstructionInProgressAssetsUnderConstruction 2023-03-31 2024-03-30 07991230 core:Land 2023-03-31 2024-03-30 07991230 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 2024-03-30 07991230 core:LeaseholdImprovements 2023-03-31 2024-03-30 07991230 core:MotorVehicles 2023-03-31 2024-03-30 07991230 core:PlantMachinery 2023-03-31 2024-03-30 07991230 countries:AllCountries 2023-03-31 2024-03-30 07991230 2023-03-30 07991230 core:ConstructionInProgressAssetsUnderConstruction 2023-03-30 07991230 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-30 07991230 core:MotorVehicles 2023-03-30 07991230 core:PlantMachinery 2023-03-30 07991230 2022-03-31 2023-03-30 07991230 2023-03-30 07991230 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-30 07991230 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-30 07991230 core:ConstructionInProgressAssetsUnderConstruction 2023-03-30 07991230 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-30 07991230 core:MotorVehicles 2023-03-30 07991230 core:PlantMachinery 2023-03-30 iso4217:GBP xbrli:pure

Registration number: 07991230

Lodge Resource Management Limited

Unaudited Financial Statements

for the Year Ended 30 March 2024

 

Lodge Resource Management Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

Lodge Resource Management Limited

(Registration number: 07991230)

Balance Sheet as at 30 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

1,005,199

1,028,019

Current assets

 

Debtors

4

34,740

34,607

Creditors: Amounts falling due within one year

5

(212,227)

(215,101)

Net current liabilities

 

(177,487)

(180,494)

Total assets less current liabilities

 

827,712

847,525

Creditors: Amounts falling due after more than one year

5

(228,741)

(248,498)

Provisions for liabilities

(143,161)

(137,605)

Net assets

 

455,810

461,422

Capital and reserves

 

Called up share capital

6

6

Other reserves

200,000

200,000

Profit and loss account

255,804

261,416

Shareholders' funds

 

455,810

461,422

For the financial year ending 30 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Lodge Resource Management Limited

(Registration number: 07991230)

Balance Sheet as at 30 March 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 21 February 2025 and signed on its behalf by:
 

.........................................

Mr Oliver Alan Leonard Pashley
Director

 

Lodge Resource Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2024

1

Accounting policies

Lodge Resource Management Limited is a private company, limited by shares, domiciled in England and Wales, company number 07991230. The registered office is at Braithwaite Lodge, Lodge Lane, Braithwaite, Doncaster, South Yorkshire, DN7 5SS.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Going concern

After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. Revenue is recognised at the invoice date.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

Not depreciated

Motor vehicles

20% reducing balance

Slurry Lagoon

5% straight line

Plant and machinery

20% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Lodge Resource Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2024

3

Tangible assets

Land and buildings
£

Lagoon
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 31 March 2023

425,752

157,771

990,649

73,533

1,647,705

Additions

-

-

180,000

-

180,000

Disposals

-

-

(137,000)

-

(137,000)

At 30 March 2024

425,752

157,771

1,033,649

73,533

1,690,705

Depreciation

At 31 March 2023

-

71,124

514,153

34,409

619,686

Charge for the year

-

7,890

107,997

7,826

123,713

Eliminated on disposal

-

-

(57,893)

-

(57,893)

At 30 March 2024

-

79,014

564,257

42,235

685,506

Carrying amount

At 30 March 2024

425,752

78,757

469,392

31,298

1,005,199

At 30 March 2023

425,752

86,647

476,496

39,124

1,028,019

 

Lodge Resource Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2024

4

Debtors

2024
 £

2023
 £

Trade debtors

34,734

26,350

Other debtors

6

6

VAT

-

5,971

Corporation tax

-

2,280

34,740

34,607

5

Creditors

2024
 £

2023
 £

Due within one year

Bank borrowings

10,000

31,268

Bank overdrafts

33,973

20,061

HP and finance lease liabilities

86,484

81,890

Trade creditors

15,134

20,495

Directors' loan accounts

60,818

52,384

Social security and other taxes

1,198

-

Accrued expenses

4,620

9,003

212,227

215,101

Due after one year

Bank borrowings

15,780

25,668

HP and finance lease liabilities

212,961

222,830

228,741

248,498


Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £299,445 (2023 - £304,720).