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REGISTERED NUMBER: 07921240 (England and Wales)














Report of the Directors and

Audited Financial Statements

For The Year Ended 31st December 2024

for

Harris Waste Management UK Limited

Harris Waste Management UK Limited (Registered number: 07921240)






Contents of the Financial Statements
For The Year Ended 31st December 2024




Page

Company Information 1

Report of the Directors 2

Balance Sheet 4

Notes to the Financial Statements 5


Harris Waste Management UK Limited

Company Information
For The Year Ended 31st December 2024







DIRECTORS: G King
R VanDeusen



REGISTERED OFFICE: Unit D2 Formal Industrial Estate
Northway Lane
Tewkesbury
Gloucestershire
GL20 8GY



REGISTERED NUMBER: 07921240 (England and Wales)



SENIOR STATUTORY AUDITOR: Jacqueline Anne Mannion



AUDITORS: Wildin (Auditors) Limited
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

Harris Waste Management UK Limited (Registered number: 07921240)

Report of the Directors
For The Year Ended 31st December 2024

The directors present their report with the financial statements of the company for the year ended 31st December 2024.

PRINCIPAL ACTIVITY
Distribution and Maintenance of equipment for the waste, scrap and recycling industries. The directors do not expect any change in this activity in the foreseeable future.

REVIEW OF BUSINESS
The company has made a profit for the year as the management sourced better deals on the stock items that enabled them to make better profits on all sales and servicing. Customers continued to cut back on purchasing large machinery and opt for repairs over new. Some are still buying the parts but not requesting the fitting. The company are able to supply replacement parts due to the stocking of older parts.

The change in management has now settled and the team are performing well.

The company has current assets that cover all current liabilities fully, with a healthy bank balance at the year end. The company is well supported by the USA that regularly review the management accounts supplied.

The company has not been directly affected by Brexit as they do not regularly import machines from the USA, but are aware that increased import duty will be payable if they do so.

The directors are confident that company is still performing well in the UK market.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st January 2024 to the date of this report.

G King
R VanDeusen

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are 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 directors are 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 directors are 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 them to ensure that the financial statements comply with the Companies Act 2006. They are 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 directors are 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 each director 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.

Harris Waste Management UK Limited (Registered number: 07921240)

Report of the Directors
For The Year Ended 31st December 2024


AUDITORS
The auditors, Wildin (Auditors) Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





R VanDeusen - Director


21st May 2025

Harris Waste Management UK Limited (Registered number: 07921240)

Balance Sheet
31st December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 78,475 85,904

CURRENT ASSETS
Stocks 35,788 62,896
Debtors 6 165,690 444,003
Cash at bank 755,283 589,590
956,761 1,096,489
CREDITORS
Amounts falling due within one year 7 202,268 398,132
NET CURRENT ASSETS 754,493 698,357
TOTAL ASSETS LESS CURRENT
LIABILITIES

832,968

784,261

PROVISIONS FOR LIABILITIES 786 -
NET ASSETS 832,182 784,261

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 9 446,515 446,515
Retained earnings 9 385,567 337,646
SHAREHOLDERS' FUNDS 832,182 784,261

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 and authorised for issue by the Board of Directors and authorised for issue on 21st May 2025 and were signed on its behalf by:





R VanDeusen - Director


Harris Waste Management UK Limited (Registered number: 07921240)

Notes to the Financial Statements
For The Year Ended 31st December 2024

1. STATUTORY INFORMATION

Harris Waste Management UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The financial information has been round to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and service maintenance, excluding value added tax.

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 & Machinery are depreciated on 25% on cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Harris Waste Management UK Limited (Registered number: 07921240)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2024

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2024 84,402 84,286 168,688
Additions - 23,000 23,000
Disposals - (22,750 ) (22,750 )
At 31st December 2024 84,402 84,536 168,938
DEPRECIATION
At 1st January 2024 38,739 44,045 82,784
Charge for year 16,733 13,696 30,429
Eliminated on disposal - (22,750 ) (22,750 )
At 31st December 2024 55,472 34,991 90,463
NET BOOK VALUE
At 31st December 2024 28,930 49,545 78,475
At 31st December 2023 45,663 40,241 85,904

Harris Waste Management UK Limited (Registered number: 07921240)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2024

5. TANGIBLE FIXED ASSETS - continued

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

Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2024
and 31st December 2024 84,402 50,583 134,985
DEPRECIATION
At 1st January 2024 38,739 10,342 49,081
Charge for year 16,733 10,342 27,075
At 31st December 2024 55,472 20,684 76,156
NET BOOK VALUE
At 31st December 2024 28,930 29,899 58,829
At 31st December 2023 45,663 40,241 85,904

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 153,362 409,604
Other debtors 12,328 34,399
165,690 444,003

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 84,444 222,180
Amounts owed to group undertakings 67,553 90,639
Taxation and social security 42,809 62,989
Other creditors 7,462 22,324
202,268 398,132

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 11,493 17,811
Between one and five years 47,029 48,540
58,522 66,351

Harris Waste Management UK Limited (Registered number: 07921240)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2024

9. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1st January 2024 337,646 446,515 784,161
Profit for the year 47,921 47,921
At 31st December 2024 385,567 446,515 832,082

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jacqueline Anne Mannion (Senior Statutory Auditor)
for and on behalf of Wildin (Auditors) Limited

11. RELATED PARTY DISCLOSURES

There were purchases made in the year from Cordele a related party with a total value of £120,376 (2023 £73,535), with £NIL (£2023 £73,534) owing at the year end.


There were purchases made in the year from Harris Waste Management Group INC with a total value of £202,773 (2023 £166,792), with £67,552 (£2023 £16,786) owing at the year end.

There were purchases made in the year from American Baler Company with a total value of £6850 (2023 £2,968), with £nil (£2023 £318) owing at the year end.

There were no sales made in the year to Harris Waste Management Group (2023 £NIL)

12. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

In common with many other businesses of our size and nature we use our auditors to provide tax advice and to represent us, as necessary, at tax tribunals.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Avis Industrial Corporation, 1909 S.Main Street, Upland, IN 46989, USA. Avis Industrial Corporation draw up the consolidated financial statements.