S B Waste Solutions Limited 08803080 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is Remediation activities and other waste management services Digita Accounts Production Advanced 6.30.9574.0 true true 08803080 2024-01-01 2024-12-31 08803080 2024-12-31 08803080 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-12-31 08803080 bus:OrdinaryShareClass2 bus:CumulativeShares 2024-12-31 08803080 bus:OrdinaryShareClass3 bus:CumulativeShares 2024-12-31 08803080 core:RetainedEarningsAccumulatedLosses 2024-12-31 08803080 core:ShareCapital 2024-12-31 08803080 core:CurrentFinancialInstruments 2024-12-31 08803080 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 08803080 core:FurnitureFittingsToolsEquipment 2024-12-31 08803080 core:OtherPropertyPlantEquipment 2024-12-31 08803080 bus:SmallEntities 2024-01-01 2024-12-31 08803080 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 08803080 bus:FilletedAccounts 2024-01-01 2024-12-31 08803080 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08803080 bus:RegisteredOffice 2024-01-01 2024-12-31 08803080 bus:CompanySecretary1 2024-01-01 2024-12-31 08803080 bus:Director1 2024-01-01 2024-12-31 08803080 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-01-01 2024-12-31 08803080 bus:OrdinaryShareClass2 bus:CumulativeShares 2024-01-01 2024-12-31 08803080 bus:OrdinaryShareClass3 bus:CumulativeShares 2024-01-01 2024-12-31 08803080 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08803080 core:FurnitureFittings 2024-01-01 2024-12-31 08803080 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 08803080 core:MotorVehicles 2024-01-01 2024-12-31 08803080 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 08803080 core:PlantMachinery 2024-01-01 2024-12-31 08803080 countries:UnitedKingdom 2024-01-01 2024-12-31 08803080 2023-12-31 08803080 core:FurnitureFittingsToolsEquipment 2023-12-31 08803080 core:OtherPropertyPlantEquipment 2023-12-31 08803080 2023-01-01 2023-12-31 08803080 2023-12-31 08803080 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-12-31 08803080 bus:OrdinaryShareClass2 bus:CumulativeShares 2023-12-31 08803080 bus:OrdinaryShareClass3 bus:CumulativeShares 2023-12-31 08803080 core:RetainedEarningsAccumulatedLosses 2023-12-31 08803080 core:ShareCapital 2023-12-31 08803080 core:CurrentFinancialInstruments 2023-12-31 08803080 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 08803080 core:FurnitureFittingsToolsEquipment 2023-12-31 08803080 core:OtherPropertyPlantEquipment 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08803080

S B Waste Solutions Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

S B Waste Solutions Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 7

 

S B Waste Solutions Limited

Company Information

Director

Mr Stephen James Baron

Company secretary

Mrs Vicky Lorraine Baron

Registered office

C/o Bright Partnership
26 Edward Court
Altrincham Business Park
Altrincham
United Kingdom
WA14 5GL

Accountants

Bright Partnership Limited
26 Edward Court,
Broadheath
Altrincham
WA14 5GL

 

S B Waste Solutions Limited

(Registration number: 08803080)
Statement of Financial Position as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

61,979

49,161

Current assets

 

Debtors

5

181,546

240,270

Cash at bank and in hand

 

172,717

222,758

 

354,263

463,028

Creditors: Amounts falling due within one year

6

(219,926)

(273,247)

Net current assets

 

134,337

189,781

Net assets

 

196,316

238,942

Capital and reserves

 

Called up share capital

7

101

101

Retained earnings

196,215

238,841

Shareholders' funds

 

196,316

238,942

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 April 2025
 

.........................................
Mr Stephen James Baron
Director

 

S B Waste Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
C/o Bright Partnership
26 Edward Court
Altrincham Business Park
Altrincham
United Kingdom
WA14 5GL

The principal place of business is:
Unit A9 (1) Walter Leigh Way
Moss Industrial Estate
St Helens Road
Leigh
Lancashire
WN7 3PT

These financial statements were authorised for issue by the director on 16 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

S B Waste Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

25% RBM

Furniture and Office Equipment

33% RBM

Motor vehicles

20% RBM

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

S B Waste Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2023 - 4).

 

S B Waste Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 January 2024

1,862

50,995

52,857

Additions

1,406

24,917

26,323

At 31 December 2024

3,268

75,912

79,180

Depreciation

At 1 January 2024

1,571

2,125

3,696

Charge for the year

264

13,241

13,505

At 31 December 2024

1,835

15,366

17,201

Carrying amount

At 31 December 2024

1,433

60,546

61,979

At 31 December 2023

291

48,870

49,161

5

Debtors

Current

2024
£

2023
£

Trade debtors

177,734

239,071

Prepayments

3,812

1,199

 

181,546

240,270

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

2,775

31,934

Trade creditors

 

119,821

143,958

Taxation and social security

 

95,099

91,514

Accruals and deferred income

 

1,800

1,800

Other creditors

 

431

4,041

 

219,926

273,247

 

S B Waste Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

50

50

50

50

Ordinary B of £1 each

50

50

50

50

Ordinary C of £1 each

1

1

1

1

101

101

101

101