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REGISTERED NUMBER: 07237195 (England and Wales)












DIRECTOR'S REPORT AND

FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024

FOR

BWS HOLDINGS (UK) LIMITED

BWS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 07237195)

CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 October 2022 to 31 March 2024










Page

Company Information 1

Director's Report 2

Report of the Independent Auditors 3

Statement of Income and Retained Earnings 6

Balance Sheet 7

Notes to the Financial Statements 8


BWS HOLDINGS (UK) LIMITED

COMPANY INFORMATION
for the period 1 October 2022 to 31 March 2024







DIRECTOR: P A Baker





REGISTERED OFFICE: 70 Boston Road
Leicester
LE4 1AW





REGISTERED NUMBER: 07237195 (England and Wales)





AUDITORS: Magma Audit LLP
Chartered Accountants
Statutory Auditor
Unit 2, Charnwood Edge Business Park
Syston Road
Leicestershire
LE7 4UZ

BWS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 07237195)

DIRECTOR'S REPORT
for the period 1 October 2022 to 31 March 2024


The director presents his report with the financial statements of the company for the period 1 October 2022 to 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the period under review was that of a holding company.

DIVIDENDS
Interim dividends of £141,630 (2022: £137,665) were paid for the period ended 31 March 2024. The director recommends that no final dividend be paid on these shares.

DIRECTOR
P A Baker held office during the whole of the period from 1 October 2022 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Magma Audit LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





P A Baker - Director


28 March 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BWS HOLDINGS (UK) LIMITED


Opinion
We have audited the financial statements of BWS Holdings (UK) Limited (the 'company') for the period ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2024 and of its profit for the period then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Director's Report, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Director's Report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Director's Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the director was not entitled to take advantage of the small companies' exemption from the requirement to prepare a Strategic Report.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BWS HOLDINGS (UK) LIMITED


Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page two, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with law and regulations. We design procedures, in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

Based on our understanding of the Company and its industry, we consider that non-compliance with the following laws and regulations might have a material effect on the financial statements: employment regulation, health and safety regulation, anti-money laundering regulation, Environment Agency regulations and the Operator's Licence.

To help us identify instances of non-compliance with these laws and regulations, and in identifying and assessing the risks of material misstatement in respect of non-compliance, our procedures included, but were not limited to:

- Inquiring of management and, where appropriate, those charged with governance, as to whether the Company
is in compliance with laws and regulations, and discussing their policies and procedures regarding compliance
with laws and regulations;
- Inspecting correspondence, if any, with relevant licensing or regulatory authorities;
- Communicating identified laws and regulations to the engagement team and remaining alert to any indications of
non-compliance throughout our audit; and
- Considering the risk of acts by the Company which were contrary to applicable laws and regulations, including
fraud.

We also considered those laws and regulations that have direct effect on the preparation of the financial statements, such as tax legislation, pension legislation and the Companies Act 2006.

In addition, we evaluated the Directors' and management's incentives and opportunities for fraudulent manipulation of the financial statements, including the risk of the management override of controls, and determined that the principal risks related to posting manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates, in particular in relation to revenue

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BWS HOLDINGS (UK) LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Luke Turner FCCA FCA (Senior Statutory Auditor)
for and on behalf of Magma Audit LLP
Chartered Accountants
Statutory Auditor
Unit 2, Charnwood Edge Business Park
Syston Road
Leicestershire
LE7 4UZ

1 April 2025

BWS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 07237195)

STATEMENT OF INCOME AND
RETAINED EARNINGS
for the period 1 October 2022 to 31 March 2024

Period
1/10/22
to Year Ended
31/3/24 30/9/22
Notes £    £   

TURNOVER - -
OPERATING PROFIT - -

Income from shares in group undertakings 51,000 -
Interest receivable and similar income 22,668 18,401
73,668 18,401

Interest payable and similar expenses 4 (22,612 ) -
PROFIT BEFORE TAXATION 51,056 18,401

Tax on profit 5 (11 ) -
PROFIT FOR THE FINANCIAL PERIOD 51,045 18,401

Retained earnings at beginning of period 90,740 210,004

Dividends 6 (141,630 ) (137,665 )

RETAINED EARNINGS AT END OF
PERIOD

155

90,740

BWS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 07237195)

BALANCE SHEET
31 March 2024

2024 2022
Notes £    £   
FIXED ASSETS
Investments 7 100 100

CURRENT ASSETS
Debtors 8 1,832,177 314,808
Cash at bank 267 27,761
1,832,444 342,569
CREDITORS
Amounts falling due within one year 9 (1,832,289 ) (251,829 )
NET CURRENT ASSETS 155 90,740
TOTAL ASSETS LESS CURRENT
LIABILITIES

255

90,840

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 155 90,740
SHAREHOLDERS' FUNDS 255 90,840

The financial statements were approved by the director and authorised for issue on 28 March 2025 and were signed by:





P A Baker - Director


BWS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 07237195)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 October 2022 to 31 March 2024


1. STATUTORY INFORMATION

BWS Holdings (UK) Limited is a limited company, limited by shares, registered in England and Wales. Its registered office address is 70 Boston Road, Leicester, England, LE4 1AW and the registered number is 07237195.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows;
the requirement of paragraph 3.17(d);
the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirement of paragraph 33.7.

This information is included in the consolidated financial statements of BWS Leicester Limited, the parent undertaking, as at 31 March 2024 and these financial statements may be obtained from Companies House.

Investments in subsidiaries
Investment in the subsidiary company is held at cost less accumulated impairment losses.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change 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.

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.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

BWS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 07237195)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 October 2022 to 31 March 2024


2. ACCOUNTING POLICIES - continued

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees (including directors) employed by the company during the period was 1 (2022: 1)

4. INTEREST PAYABLE AND SIMILAR EXPENSES
Period
1/10/22
to Year Ended
31/3/24 30/9/22
£    £   
Other interest paid 22,612 -

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the period was as follows:
Period
1/10/22
to Year Ended
31/3/24 30/9/22
£    £   
Current tax:
UK corporation tax 11 -
Tax on profit 11 -

BWS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 07237195)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 October 2022 to 31 March 2024


5. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the period is lower than the standard rate of corporation tax in the UK. The difference is explained below:

Period
1/10/22
to Year Ended
31/3/24 30/9/22
£    £   
Profit before tax 51,056 18,401
Profit multiplied by the standard rate of corporation tax in the UK of 19%
(2022 - 19%)

9,701

3,496

Effects of:
Income not taxable for tax purposes (9,690 ) -
Group relief - (3,496 )
Total tax charge 11 -

6. DIVIDENDS
Period
1/10/22
to Year Ended
31/3/24 30/9/22
£    £   
Ordinary shares of £1 each
Interim 141,630 137,665

7. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2022 100
Additions 1,800,000
Disposals (1,800,000 )
At 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100
At 30 September 2022 100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Bakers Waste Services Ltd
Registered office: 70 Boston Road, Leicester, LE4 1AW.
Nature of business: Waste management
%
Class of shares: holding
Ordinary 100.00

BWS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 07237195)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 October 2022 to 31 March 2024


8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Amounts owed by related undertakings 1,832,177 173,177
Directors' current accounts - 141,631
1,832,177 314,808

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Amounts owed to related undertakings 1,817,326 251,829
Tax 11 -
Directors' current accounts 14,952 -
1,832,289 251,829

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2022
value: £    £   
60 Ordinary £1 60 60
40 Ordinary A £1 40 40
100 100

The shares are ordinary shares and carry one vote per share.

11. RESERVES
Retained
earnings
£   

At 1 October 2022 90,740
Profit for the period 51,045
Dividends (141,630 )
At 31 March 2024 155

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2024 and the year ended 30 September 2022:

2024 2022
£    £   
P A Baker
Balance outstanding at start of period 141,631 137,665
Amounts advanced 151,048 141,631
Amounts repaid (307,631 ) (137,665 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (14,952 ) 141,631