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REGISTERED NUMBER: 03819680 (England and Wales)





ASHFIELD EFFLUENT SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






ASHFIELD EFFLUENT SERVICES LIMITED (REGISTERED NUMBER: 03819680)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASHFIELD EFFLUENT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr L Edwards
Mrs J Edwards
Ms P Watkinson



SECRETARY: Mrs J Edwards



REGISTERED OFFICE: 7 St John Street
Mansfield
Nottinghamshire
NG18 1QH



REGISTERED NUMBER: 03819680 (England and Wales)



ACCOUNTANTS: ApC
Chartered Accountants
7 St John Street
Mansfield
Nottinghamshire
NG18 1QH



BANKERS: Yorkshire Bank
14 Low Street
Sutton in Ashfield
Nottinghamshire
NG17 1DG

ASHFIELD EFFLUENT SERVICES LIMITED (REGISTERED NUMBER: 03819680)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 522,733 494,538

CURRENT ASSETS
Stocks 10,500 18,000
Debtors 6 426,795 351,602
Cash at bank and in hand 156,383 171,606
593,678 541,208
CREDITORS
Amounts falling due within one year 7 534,344 489,867
NET CURRENT ASSETS 59,334 51,341
TOTAL ASSETS LESS CURRENT
LIABILITIES

582,067

545,879

PROVISIONS FOR LIABILITIES 101,092 71,274
NET ASSETS 480,975 474,605

CAPITAL AND RESERVES
Called up share capital 9 1,400 1,200
Share premium 900 -
Retained earnings 478,675 473,405
SHAREHOLDERS' FUNDS 480,975 474,605

ASHFIELD EFFLUENT SERVICES LIMITED (REGISTERED NUMBER: 03819680)

BALANCE SHEET - continued
31 AUGUST 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





Ms P Watkinson - Director


ASHFIELD EFFLUENT SERVICES LIMITED (REGISTERED NUMBER: 03819680)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Ashfield Effluent Services 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The depreciation policies are set in line with the estimated useful life of the assets, given the use of those assets and changes in technology or legislation. The rates are annually reviewed in line to what the directors believe the assets are worth taken into account the income streams generated by those assets.

Turnover
Turnover represents the value excluding Value Added Tax of waste disposal services provided to customers during the year. In respect of waste disposal services provided, all income is taken to profit and loss at the same point as the right to receive consideration has been acquired.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 5% straight line
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 33% straight line and 25% on reducing balance
Computer equipment - 33.33% 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.


ASHFIELD EFFLUENT SERVICES LIMITED (REGISTERED NUMBER: 03819680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


3. ACCOUNTING POLICIES - continued
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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

ASHFIELD EFFLUENT SERVICES LIMITED (REGISTERED NUMBER: 03819680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 21 ) .

ASHFIELD EFFLUENT SERVICES LIMITED (REGISTERED NUMBER: 03819680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 110,957 87,215 21,097
Additions - 10,115 -
Disposals - (12,000 ) -
At 31 August 2024 110,957 85,330 21,097
DEPRECIATION
At 1 September 2023 37,042 71,866 16,354
Charge for year 5,548 3,600 714
Eliminated on disposal - (10,549 ) -
At 31 August 2024 42,590 64,917 17,068
NET BOOK VALUE
At 31 August 2024 68,367 20,413 4,029
At 31 August 2023 73,915 15,349 4,743

ASHFIELD EFFLUENT SERVICES LIMITED (REGISTERED NUMBER: 03819680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 1,273,355 9,201 1,501,825
Additions 155,396 2,055 167,566
Disposals (45,119 ) - (57,119 )
At 31 August 2024 1,383,632 11,256 1,612,272
DEPRECIATION
At 1 September 2023 874,910 7,115 1,007,287
Charge for year 93,300 1,379 104,541
Eliminated on disposal (11,740 ) - (22,289 )
At 31 August 2024 956,470 8,494 1,089,539
NET BOOK VALUE
At 31 August 2024 427,162 2,762 522,733
At 31 August 2023 398,445 2,086 494,538

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 344,576 284,928
Other debtors 2,792 -
Prepayments and accrued income 79,427 66,674
426,795 351,602

ASHFIELD EFFLUENT SERVICES LIMITED (REGISTERED NUMBER: 03819680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 58,950
Trade creditors 124,040 92,751
Corporation tax 19,281 31,982
Social security and other taxes 15,814 10,536
VAT 148,703 61,311
Other creditors 1,625 45,948
Credit card 1,718 1,268
Directors' current accounts 216,884 177,569
Accruals and deferred income 6,279 9,552
534,344 489,867

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 58,950

The hire purchase agreement is secured on assets of which it relates.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,100 1,000
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
1,300 1,200