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REGISTERED NUMBER: 11567054 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Phillips Waste Management Ltd

Phillips Waste Management Ltd (Registered number: 11567054)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Phillips Waste Management Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs E E M Phillips
Mr D A Phillips





REGISTERED OFFICE: 9 The Fir Trees
Thorpe Willoughby
Selby
YO8 9PR





REGISTERED NUMBER: 11567054 (England and Wales)





ACCOUNTANTS: Beacon Accountants Ltd
Fairway View
24 Gus Walker Drive
Pocklington
York
YO42 2WA

Phillips Waste Management Ltd (Registered number: 11567054)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 44,993 -
Tangible assets 5 319,768 247,431
364,761 247,431

CURRENT ASSETS
Debtors 6 260,800 96,690
Cash at bank 11,347 6,053
272,147 102,743
CREDITORS
Amounts falling due within one year 7 288,143 179,105
NET CURRENT LIABILITIES (15,996 ) (76,362 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

348,765

171,069

CREDITORS
Amounts falling due after more than one
year

8

(186,397

)

(119,633

)

PROVISIONS FOR LIABILITIES (45,162 ) (45,162 )
NET ASSETS 117,206 6,274

CAPITAL AND RESERVES
Called up share capital 72 72
Capital redemption reserve (15,044 ) (15,044 )
Retained earnings 132,178 21,246
117,206 6,274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Phillips Waste Management Ltd (Registered number: 11567054)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 14 May 2025 and were signed on its behalf by:




Mrs E E M Phillips - Director



Mr D A Phillips - Director


Phillips Waste Management Ltd (Registered number: 11567054)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Phillips Waste Management Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 25% on reducing balance
Plant and machinery etc - 25% on reducing balance

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

Phillips Waste Management Ltd (Registered number: 11567054)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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 33 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 44,993
At 30 September 2024 44,993
NET BOOK VALUE
At 30 September 2024 44,993

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 21,551 393,467 415,018
Additions 10,000 149,444 159,444
Disposals - (9,250 ) (9,250 )
At 30 September 2024 31,551 533,661 565,212
DEPRECIATION
At 1 October 2023 13,301 154,286 167,587
Charge for year 2,479 75,831 78,310
Eliminated on disposal - (453 ) (453 )
At 30 September 2024 15,780 229,664 245,444
NET BOOK VALUE
At 30 September 2024 15,771 303,997 319,768
At 30 September 2023 8,250 239,181 247,431

6. DEBTORS
30.9.24 30.9.23
£    £   
Amounts falling due within one year:
Trade debtors 251,572 87,462
Other debtors 5,628 5,628
257,200 93,090

Phillips Waste Management Ltd (Registered number: 11567054)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. DEBTORS - continued
30.9.24 30.9.23
£    £   
Amounts falling due after more than one year:
Other debtors 3,600 3,600

Aggregate amounts 260,800 96,690

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 62,994 38,020
Trade creditors 70,083 42,605
Taxation and social security 81,263 32,309
Other creditors 73,803 66,171
288,143 179,105

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 21,090 23,884
Hire purchase contracts 120,307 95,749
Other creditors 45,000 -
186,397 119,633