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REGISTERED NUMBER: 05897697 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Prowaste Management Services Limited

Prowaste Management Services Limited (Registered number: 05897697)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Prowaste Management Services Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: P Tinton





SECRETARY: P Tinton





REGISTERED OFFICE: Park Farm Depot
Holly Lane
Banstead
Surrey
SM7 2BY





REGISTERED NUMBER: 05897697 (England and Wales)





ACCOUNTANTS: SARM Accountants
Highland House
165 The Broadway
London
SW19 1NE

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Prowaste Management Services Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Prowaste Management Services Limited for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Prowaste Management Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Prowaste Management Services Limited and state those matters that we have agreed to state to the director of Prowaste Management Services Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Prowaste Management Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Prowaste Management Services Limited. You consider that Prowaste Management Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Prowaste Management Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






SARM Accountants
Highland House
165 The Broadway
London
SW19 1NE


30 April 2025

Prowaste Management Services Limited (Registered number: 05897697)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 11,458 26,736
Tangible assets 5 27,964 42,754
39,422 69,490

CURRENT ASSETS
Debtors 6 657,621 583,791
Cash at bank 428,440 360,814
1,086,061 944,605
CREDITORS
Amounts falling due within one year 7 731,902 727,183
NET CURRENT ASSETS 354,159 217,422
TOTAL ASSETS LESS CURRENT
LIABILITIES

393,581

286,912

CREDITORS
Amounts falling due after more than one
year

8

8,714

20,012
NET ASSETS 384,867 266,900

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 199,920 199,920
Retained earnings 184,747 66,780
SHAREHOLDERS' FUNDS 384,867 266,900

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Prowaste Management Services Limited (Registered number: 05897697)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2025 and were signed by:





P Tinton - Director


Prowaste Management Services Limited (Registered number: 05897697)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Prowaste Management Services 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.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets include website development costs which are stated at costs less accumulated amortisation and accumulated impairment losses. Intangible assets are amortised using the straight line method over two years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - at varying rates on cost

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

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Prowaste Management Services Limited (Registered number: 05897697)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2023
and 31 July 2024 36,555
AMORTISATION
At 1 August 2023 9,819
Charge for year 15,278
At 31 July 2024 25,097
NET BOOK VALUE
At 31 July 2024 11,458
At 31 July 2023 26,736

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 31,939 407,431 439,370
Additions - 17,228 17,228
At 31 July 2024 31,939 424,659 456,598
DEPRECIATION
At 1 August 2023 31,939 364,677 396,616
Charge for year - 32,018 32,018
At 31 July 2024 31,939 396,695 428,634
NET BOOK VALUE
At 31 July 2024 - 27,964 27,964
At 31 July 2023 - 42,754 42,754

Prowaste Management Services Limited (Registered number: 05897697)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2023 23,140
Transfer to ownership (23,140 )
At 31 July 2024 -
DEPRECIATION
At 1 August 2023 9,668
Transfer to ownership (9,668 )
At 31 July 2024 -
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 13,472

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 445,028 357,385
Other debtors 212,593 226,406
657,621 583,791

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 12,988 59,809
Hire purchase contracts - 5,971
Trade creditors 438,756 443,904
Taxation and social security 236,511 186,255
Other creditors 43,647 31,244
731,902 727,183

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 8,714 20,012

Prowaste Management Services Limited (Registered number: 05897697)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 18,714 74,873
Hire purchase contracts - 5,971
18,714 80,844

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
P Tinton
Balance outstanding at start of year 95,080 110,215
Amounts advanced 144,854 95,080
Amounts repaid (95,080 ) (110,215 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 144,854 95,080