Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-3038488212No description of principal activity2023-07-01false3941falsetruetrue 04741468 2023-07-01 2024-06-30 04741468 2022-07-01 2023-06-30 04741468 2024-06-30 04741468 2023-06-30 04741468 c:Director1 2023-07-01 2024-06-30 04741468 d:Buildings d:LongLeaseholdAssets 2023-07-01 2024-06-30 04741468 d:Buildings d:LongLeaseholdAssets 2024-06-30 04741468 d:Buildings d:LongLeaseholdAssets 2023-06-30 04741468 d:Buildings d:ShortLeaseholdAssets 2023-07-01 2024-06-30 04741468 d:Buildings d:ShortLeaseholdAssets 2024-06-30 04741468 d:Buildings d:ShortLeaseholdAssets 2023-06-30 04741468 d:PlantMachinery 2023-07-01 2024-06-30 04741468 d:PlantMachinery 2024-06-30 04741468 d:PlantMachinery 2023-06-30 04741468 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04741468 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 04741468 d:MotorVehicles 2023-07-01 2024-06-30 04741468 d:MotorVehicles 2024-06-30 04741468 d:MotorVehicles 2023-06-30 04741468 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04741468 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 04741468 d:FurnitureFittings 2023-07-01 2024-06-30 04741468 d:FurnitureFittings 2024-06-30 04741468 d:FurnitureFittings 2023-06-30 04741468 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04741468 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 04741468 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04741468 d:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 04741468 d:CurrentFinancialInstruments 2024-06-30 04741468 d:CurrentFinancialInstruments 2023-06-30 04741468 d:Non-currentFinancialInstruments 2024-06-30 04741468 d:Non-currentFinancialInstruments 2023-06-30 04741468 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 04741468 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 04741468 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 04741468 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 04741468 d:ShareCapital 2024-06-30 04741468 d:ShareCapital 2023-06-30 04741468 d:RetainedEarningsAccumulatedLosses 2024-06-30 04741468 d:RetainedEarningsAccumulatedLosses 2023-06-30 04741468 c:FRS102 2023-07-01 2024-06-30 04741468 c:Audited 2023-07-01 2024-06-30 04741468 c:FullAccounts 2023-07-01 2024-06-30 04741468 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04741468 c:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 04741468 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-06-30 04741468 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-06-30 04741468 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-06-30 04741468 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-06-30 04741468 d:LeasedAssetsHeldAsLessee 2024-06-30 04741468 d:LeasedAssetsHeldAsLessee 2023-06-30 04741468 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 04741468










SCOTT BROS. RECYCLING LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
SCOTT BROS. RECYCLING LIMITED
REGISTERED NUMBER: 04741468

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible fixed assets
 5 
811,990
1,021,430

  
811,990
1,021,430

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
900,065
1,036,048

Cash at bank and in hand
 7 
55,566
16,916

  
955,631
1,052,964

Creditors: amounts falling due within one year
 8 
(383,445)
(789,139)

NET CURRENT ASSETS
  
 
 
572,186
 
 
263,825

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,384,176
1,285,255

Creditors: amounts falling due after more than one year
 9 
(6,845)
(27,023)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(57,505)
(123,168)

NET ASSETS
  
1,319,826
1,135,064


CAPITAL AND RESERVES
  

Called up share capital 
  
100
100

Profit and loss account
  
1,319,726
1,134,964

  
1,319,826
1,135,064


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 March 2025.


R J Borthwick
Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
SCOTT BROS. RECYCLING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


GENERAL INFORMATION

Scott Bros. Recycling 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 (£).
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years unless otherwise stated. 

2.ACCOUNTING POLICIES

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

  
2.2

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

 
2.3

Going concern

The directors, having made due and careful enquiry, are of the opinion that the company has adequate working capital to execute its operations over the next 12 months. The directors, therefore, have made an informed judgement, at the time of approving the financial statements, that there is reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result the directors have continued to adopt the going concern basis of accounting in preparing the annual financial statements.

 
2.4

Revenue

Revenue represents income receivable in respect of goods and services supplied by the company, and is measured at the fair value of the consideration received or receivable, net of value added tax.
The company runs a recycling centre which is open to cars, vans, pick ups and commercial customers. The company also deals in the sale of scrap metal and skip hire. 

 
2.5

Pensions

The company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 2

 
SCOTT BROS. RECYCLING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
2% on cost.
Short-term leasehold property
-
25% on cost and 2% on cost.
Plant and machinery
-
25% on cost.
Motor vehicles
-
25% on cost.
Fixtures and fittings
-
25% on cost.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
SCOTT BROS. RECYCLING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.10

Creditors

Short-term creditors are measured at the transaction price.

  
2.11

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.


3.


AUDITORS' REMUNERATION

During the year, the company obtained the following services from the company's auditors:


2024
2023
£
£

Fees payable to the company's auditors for the audit of the company's financial statements
7,875
7,500

The company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent company.


4.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 39 (2023 - 41).

Page 4

 
SCOTT BROS. RECYCLING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


TANGIBLE FIXED ASSETS





Long-term leasehold property
Short-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£
£



Cost


At 1 July 2023
197,705
75,507
2,154,884
685,364
9,722
3,123,182


Additions
-
15,376
6,000
53,800
-
75,176


Disposals
-
-
-
(47,000)
-
(47,000)



At 30 June 2024

197,705
90,883
2,160,884
692,164
9,722
3,151,358



Depreciation


At 1 July 2023
81,476
27,739
1,523,208
459,608
9,721
2,101,752


Charge for the year on owned assets
3,848
8,212
114,295
64,480
-
190,835


Charge for the year on financed assets
-
-
64,406
7,425
-
71,831


Disposals
-
-
-
(25,050)
-
(25,050)



At 30 June 2024

85,324
35,951
1,701,909
506,463
9,721
2,339,368



Net book value



At 30 June 2024
112,381
54,932
458,975
185,701
1
811,990



At 30 June 2023
116,229
47,768
631,676
225,756
1
1,021,430

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
141,777
206,183

Motor vehicles
19,388
26,813

161,165
232,996

Page 5

 
SCOTT BROS. RECYCLING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


DEBTORS

2024
2023
£
£


Trade debtors
608,089
755,832

Amounts owed by group undertakings
26,342
-

Prepayments and accrued income
265,634
280,216

900,065
1,036,048



7.


CASH AND CASH EQUIVALENTS

2024
2023
£
£

Cash at bank and in hand
55,566
16,916

55,566
16,916



8.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Trade creditors
161,486
456,730

Amounts owed to group undertakings
4,159
-

Other taxation and social security
90,246
172,852

Obligations under finance lease and hire purchase contracts
20,178
53,156

Other creditors
43,500
42,287

Accruals and deferred income
63,876
64,114

383,445
789,139


Page 6

 
SCOTT BROS. RECYCLING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


CREDITORS: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
6,845
27,023

6,845
27,023


Net obligations under finance leases and hire purchase contracts are secured on the assets to which they relate.


10.


CONTROLLING PARTY

The immediate and ultimate parent company is Scott Bros. Holdings Limited. The parent's registered office address is the same as that of the company. These financial statements are included in the consolidated financial statements of Scott Bros. Holdings Limited. 


11.


AUDITORS' INFORMATION

The auditors' report on the financial statements for the year ended 30 June 2024 was unqualified.

The audit report was signed on 21 March 2025 by Paul Harrison MSc, BSc, FCA (senior statutory auditor) on behalf of Waltons Business Advisers Limited.

 
Page 7