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REGISTERED NUMBER: 04424868 (England and Wales)

















ACORN WASTE MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






ACORN WASTE MANAGEMENT LIMITED (REGISTERED NUMBER: 04424868)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACORN WASTE MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mrs B E Ferrington
P J Downes





REGISTERED OFFICE: Coniston A-C
Upton Magna Business Park
Shrewsbury
Shropshire
SY4 4TT





REGISTERED NUMBER: 04424868 (England and Wales)





ACCOUNTANTS: Jones Hunt & Keelings
Chartered Certified Accountants and
Chartered Tax Advisers
Broad House
1 The Broadway
Old Hatfield
Hertfordshire
AL9 5BG

ACORN WASTE MANAGEMENT LIMITED (REGISTERED NUMBER: 04424868)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 65,479 72,094

CURRENT ASSETS
Debtors 5 1,568,030 1,747,062
Cash at bank and in hand 2,048,598 1,490,809
3,616,628 3,237,871
CREDITORS
Amounts falling due within one year 6 1,955,232 1,723,757
NET CURRENT ASSETS 1,661,396 1,514,114
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,726,875

1,586,208

CREDITORS
Amounts falling due after more than one
year

7

-

(1,005

)

PROVISIONS FOR LIABILITIES 9 (13,344 ) (14,194 )
NET ASSETS 1,713,531 1,571,009

CAPITAL AND RESERVES
Called up share capital 10 250 250
Retained earnings 1,713,281 1,570,759
SHAREHOLDERS' FUNDS 1,713,531 1,571,009

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

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

The directors acknowledge their 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.

ACORN WASTE MANAGEMENT LIMITED (REGISTERED NUMBER: 04424868)

BALANCE SHEET - continued
31 AUGUST 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 May 2025 and were signed on its behalf by:





Mrs B E Ferrington - Director


ACORN WASTE MANAGEMENT LIMITED (REGISTERED NUMBER: 04424868)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Acorn Waste Management 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

Accounting convention
These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Significant judgements and estimates
In preparing these financial statements, the directors have exercised judgement in the following principal areas:
- In determining the depreciation rates of tangible fixed assets, which are depreciated over their useful lives, taking into account residual values, where appropriate. The actual lives of the assets are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as past experience and expected performance are taken into account.
- In estimating the quantum of doubtful debts when collection of the full amount is no longer probable. The directors' best estimate is based on the period the debt has been outstanding and the difficulties experienced and anticipated in pursuing collection.
- In determining whether there are indicators of impairment of the company's tangible fixed assets. Factors taken into consideration in reaching a decision include the economic viability and expected future financial performance of the asset and, where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.

Turnover
The company acts as principal in the on-hiring of skips for the removal of domestic and commercial waste. Revenue is recognised when skips are delivered on site. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.


ACORN WASTE MANAGEMENT LIMITED (REGISTERED NUMBER: 04424868)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account..

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.

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.

Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets, which include debtors, are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

ACORN WASTE MANAGEMENT LIMITED (REGISTERED NUMBER: 04424868)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 28,147 92,786 95,837 216,770
Additions 708 18,500 1,374 20,582
Disposals - (27,377 ) - (27,377 )
At 31 August 2024 28,855 83,909 97,211 209,975
DEPRECIATION
At 1 September 2023 19,991 41,209 83,476 144,676
Charge for year 2,167 13,934 4,200 20,301
Eliminated on disposal - (20,481 ) - (20,481 )
At 31 August 2024 22,158 34,662 87,676 144,496
NET BOOK VALUE
At 31 August 2024 6,697 49,247 9,535 65,479
At 31 August 2023 8,156 51,577 12,361 72,094

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023 45,672
Disposals (27,377 )
Transfer to ownership (18,295 )
At 31 August 2024 -
DEPRECIATION
At 1 September 2023 28,452
Charge for year 1,921
Eliminated on disposal (20,481 )
Transfer to ownership (9,892 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 17,220

ACORN WASTE MANAGEMENT LIMITED (REGISTERED NUMBER: 04424868)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,414,149 1,665,630
Amounts owed by group undertakings 66,552 4,061
Other debtors 87,329 77,371
1,568,030 1,747,062

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) - 2,286
Trade creditors 1,788,564 1,591,965
Taxation and social security 153,702 114,697
Other creditors 12,966 14,809
1,955,232 1,723,757

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) - 1,005

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year - 2,286
Between one and five years - 1,005
- 3,291

Non-cancellable operating leases
2024 2023
£    £   
Within one year 12,635 12,635
Between one and five years 5,000 17,635
17,635 30,270

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 13,344 14,194

ACORN WASTE MANAGEMENT LIMITED (REGISTERED NUMBER: 04424868)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2023 14,194
Depreciation in advance of
capital allowances (850 )
Balance at 31 August 2024 13,344

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
250 Ordinary £1 250 250

11. RELATED PARTY DISCLOSURES

During the year the Company was charged £400,000 (2023: £350,000) for management services provided by its parent company and made payments of £462,492 (2023: £347,119) on behalf of its parent company.

At the balance sheet date, the Company was owed £66,552 (2023: £4,061 by) to its parent company. This loan is unsecured, interest-free and has no repayment date.