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REGISTERED NUMBER: 05325259 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

East Coast Waste Limited

East Coast Waste Limited (Registered number: 05325259)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


East Coast Waste Limited (Registered number: 05325259)

Balance Sheet
30 June 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 5 2,935,269 3,302,036

Current assets
Debtors 6 632,784 664,797
Cash at bank and in hand 462,686 181,220
1,095,470 846,017
Creditors
Amounts falling due within one year 7 (809,136 ) (809,854 )
Net current assets 286,334 36,163
Total assets less current liabilities 3,221,603 3,338,199

Creditors
Amounts falling due after more than one
year

8

(232,333

)

(335,434

)

Provisions for liabilities (700,182 ) (754,627 )
Net assets 2,289,088 2,248,138

Capital and reserves
Called up share capital 100 100
Retained earnings 2,288,988 2,248,038
2,289,088 2,248,138

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

East Coast Waste Limited (Registered number: 05325259)

Balance Sheet - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:




Mr P H Clements - Director Mrs T Clements - Director




Mrs D K Malley - Director Mr P M Clements - Director


East Coast Waste Limited (Registered number: 05325259)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. Statutory information

East Coast Waste 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: 05325259

Registered office: East Coast House
Galahad Road
Gorelston
Great Yarmouth
Norfolk
NR31 7RU

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.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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
Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property - 2% straight line
Plant and machinery - 15% reducing balance
Motor vehicles - 25% reducing balance
Equipment - 15% reducing balance

East Coast Waste Limited (Registered number: 05325259)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


3. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


East Coast Waste Limited (Registered number: 05325259)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


3. Accounting policies - continued
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.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

4. Employees and directors

The average number of employees during the year was 41 (2023 - 45 ) .

East Coast Waste Limited (Registered number: 05325259)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


5. Tangible fixed assets
Leasehold Plant and Motor Computer
prop machinery vehicles equipment Totals
£ £ £ £ £
Cost
At 1 July 2023 129,604 4,868,282 1,372,747 68,105 6,438,738
Additions - 148,250 14,850 17,603 180,703
Disposals - (85,695 ) (1,650 ) - (87,345 )
At 30 June 2024 129,604 4,930,837 1,385,947 85,708 6,532,096
Depreciation
At 1 July 2023 38,671 2,069,004 980,204 48,823 3,136,702
Charge for year 2,578 423,387 100,907 5,031 531,903
Eliminated on disposal - (71,778 ) - - (71,778 )
At 30 June 2024 41,249 2,420,613 1,081,111 53,854 3,596,827
Net book value
At 30 June 2024 88,355 2,510,224 304,836 31,854 2,935,269
At 30 June 2023 90,933 2,799,278 392,543 19,282 3,302,036

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 482,774 600,482
Amounts owed by group undertakings 69,376 -
Other debtors 80,634 64,315
632,784 664,797

7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts (see note 9) 9,965 9,648
Hire purchase contracts 205,050 371,791
Trade creditors 304,679 251,223
Taxation and social security 230,881 120,296
Other creditors 58,561 56,896
809,136 809,854

East Coast Waste Limited (Registered number: 05325259)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans (see note 9) 12,473 22,754
Hire purchase contracts 219,860 312,680
232,333 335,434

9. Loans

An analysis of the maturity of loans is given below:

2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 9,965 9,648

Amounts falling due between one and two years:
Bank loans - 1-2 years 12,473 22,754

The company utilised the government guaranteed bounce back loan during the pandemic.

10. Secured debts

The following secured debts are included within creditors:

2024 2023
£ £
Hire purchase contracts 424,910 684,471

Assets with a net book value of £1,027,408 (2023 : £1,099,980) were on hire purchase and secured against the assets concerned.