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REGISTERED NUMBER: 11389532 (England and Wales)














Unaudited Financial Statements

for the Period 1 April 2023 to 30 June 2024

for

Horrocks Waste Management Limited

Horrocks Waste Management Limited (Registered number: 11389532)






Contents of the Financial Statements
for the Period 1 April 2023 to 30 June 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Horrocks Waste Management Limited (Registered number: 11389532)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,238,501 431,828
Investments 5 100 100
2,238,601 431,928

CURRENT ASSETS
Debtors 6 126,136 108,236
Cash at bank and in hand 13,266 1,935
139,402 110,171
CREDITORS
Amounts falling due within one year 7 235,740 37,687
NET CURRENT (LIABILITIES)/ASSETS (96,338 ) 72,484
TOTAL ASSETS LESS CURRENT LIABILITIES 2,142,263 504,412

CREDITORS
Amounts falling due after more than one year 8 2,582,560 791,027
NET LIABILITIES (440,297 ) (286,615 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (440,299 ) (286,617 )
SHAREHOLDERS' FUNDS (440,297 ) (286,615 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2025 and were signed on its behalf by:





Ms B Lacey - Director


Horrocks Waste Management Limited (Registered number: 11389532)

Notes to the Financial Statements
for the Period 1 April 2023 to 30 June 2024

1. STATUTORY INFORMATION

Horrocks Waste Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11389532

Registered office: C/o Westchurch Homes Kennedy House
31 Stamford Street
Altrincham
Cheshire
WA14 1ES

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Horrocks Waste Management Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Motor vehicles - 15% on cost
Computer equipment - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Horrocks Waste Management Limited (Registered number: 11389532)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 June 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The financial statements have been prepared on a going concern basis notwithstanding the deficit in net assets. The main creditor of the company is C R Topham whom is owed £2,578,121 (2023: £781,666). The director is prepared to continue to support the development of the company for at least the next year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Leasehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 102,537 124,200 295,380 708 522,825
Additions 1,519,286 404,189 - 150 1,923,625
At 30 June 2024 1,621,823 528,389 295,380 858 2,446,450
DEPRECIATION
At 1 April 2023 - 21,043 69,552 402 90,997
Charge for period - 61,409 55,384 159 116,952
At 30 June 2024 - 82,452 124,936 561 207,949
NET BOOK VALUE
At 30 June 2024 1,621,823 445,937 170,444 297 2,238,501
At 31 March 2023 102,537 103,157 225,828 306 431,828

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 30 June 2024 100
NET BOOK VALUE
At 30 June 2024 100
At 31 March 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,345 22,169
Amounts owed by group undertakings 60,944 -
Other debtors 43,847 86,067
126,136 108,236

Horrocks Waste Management Limited (Registered number: 11389532)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,169 4,419
Trade creditors 53,207 21,595
Amounts owed to group undertakings 27,306 -
Taxation and social security 4,583 4,182
Other creditors 146,475 7,491
235,740 37,687

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 4,439 9,361
Other creditors 2,578,121 781,666
2,582,560 791,027

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 30 June 2024 and 31 March 2023:

2024 2023
£    £   
Mr W A Turbefield
Balance outstanding at start of period 1,313 7,311
Amounts advanced - 1,313
Amounts repaid (1,922 ) (7,311 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (609 ) 1,313

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C R Topham.