2023-07-01 04239247 2024-06-30 04239247 2023-07-01 2024-06-30 04239247 2023-06-30 04239247 2022-07-01 2023-06-30 04239247 uk-core:WithinOneYear 2023-06-30 04239247 uk-core:WithinOneYear 2024-06-30 04239247 uk-core:AfterOneYear 2023-06-30 04239247 uk-core:AfterOneYear 2024-06-30 04239247 uk-core:ShareCapital 2024-06-30 04239247 uk-core:ShareCapital 2023-06-30 04239247 uk-core:RetainedEarningsAccumulatedLosses 2024-06-30 04239247 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 04239247 uk-bus:Director1 2023-07-01 2024-06-30 04239247 uk-core:PlantMachinery 2023-07-01 2024-06-30 04239247 uk-core:CommercialMotorVehicles 2023-07-01 2024-06-30 04239247 uk-core:FurnitureFittings 2023-07-01 2024-06-30 04239247 uk-core:FurnitureFittings 2023-06-30 04239247 uk-core:PlantMachinery 2023-06-30 04239247 uk-core:PlantMachinery 2024-06-30 04239247 uk-core:FurnitureFittings 2024-06-30 04239247 uk-core:WithinOneYear 2024-06-30 04239247 uk-core:WithinOneYear 2023-06-30 04239247 uk-core:AfterOneYear uk-core:Secured 2024-06-30 04239247 uk-core:AfterOneYear uk-core:Secured 2023-06-30 iso4217:GBP xbrli:pure 04239247 uk-bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 04239247 uk-bus:FRS102 2023-07-01 2024-06-30 04239247 uk-bus:FilletedAccounts 2023-07-01 2024-06-30 04239247 uk-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30
Interwaste Limited
Registered Number:04239247
For the year ended 30 June 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2024
Interwaste Limited
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
3
Registered Number :
04239247
As at 30 June 2024
Interwaste Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
2,050
2,412
2
2,050
2,412
Current assets
Trade and other receivables
64,477
67,726
3
42,253
Cash and cash equivalents
56,109
123,835
106,730
Trade and other payables: amounts falling due within one
year
(60,328)
(66,432)
4
46,402
57,403
Net current assets
Total assets less current liabilities
59,453
48,814
Trade and other payables: amounts falling due after more
than one year
(13,333)
(8,333)
5
51,120
Net assets
35,481
Capital and reserves
Called up share capital
100
100
Retained earnings
51,020
35,381
51,120
35,481
Shareholders' funds
For the year ended 30 June 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Miss K.L. Saynor Director
These financial statements were approved and authorised for issue by the Board on 27 March 2025 and were signed by:
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4
Registered Number :
04239247
For the year ended 30 June 2024
Interwaste Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 30 June 2024
Interwaste Limited
Notes to the Financial Statements
Statutory Information
Interwaste Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04239247.
Registered address:
Claremont House
Lincoln Road
Lincoln
LN1 2EN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Turnover is recognised on the completion of each large contract assignment or small job, in accordance with the contract terms.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
20% Reducing balance
Commercial vehicles
15% Reducing balance
Fixtures and fittings
Inventories
Income on work in progress contracts is recognised by reference to the valuation of time spent on each contract, at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs.
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6
For the year ended 30 June 2024
Interwaste Limited
Notes to the Financial Statements Continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 the 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 timing differences. 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 future profits.
2. Property, plant and equipment
Total
Fixtures and
fittings
Plant and
machinery
£
£
£
Cost or
valuation
At 01 July 2023
28,436
10,150
18,286
At 30 June 2024
18,286
10,150
28,436
Provision for depreciation and impairment
At 01 July 2023
26,024
7,738
18,286
Charge for year
362
362
-
At 30 June 2024
26,386
8,100
18,286
At 30 June 2024
Net book value
-
2,050
2,050
At 30 June 2023
-
2,412
2,412
3. Trade and other receivables
2023
2024
£
£
Trade debtors
47,481
44,232
Other debtors
20,245
20,245
64,477
67,726
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7
For the year ended 30 June 2024
Interwaste Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
5,000
5,000
Trade creditors
16,471
16,186
Taxation and social security
42,797
36,982
Other creditors
2,164
2,160
66,432
60,328
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
8,333
13,333
6. Related party transactions
The director is also a shareholder of the company. Dividends paid to Miss K.L. Saynor, as director and
shareholder of the company, during the year (with the previous year shown in brackets) were £18,000
(£13,500).
7. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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