| REGISTERED NUMBER: |
| Report of the Directors and |
| Audited Financial Statements |
| For The Year Ended 31st December 2024 |
| for |
| Harris Waste Management UK Limited |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| 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. |
| 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: |
| 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 |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Other reserves | 9 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 | - | ( |
) | ( |
) |
| At 31st December 2024 | 84,402 | 84,536 |
| DEPRECIATION |
| At 1st January 2024 | 38,739 | 44,045 |
| Charge for year | 16,733 | 13,696 |
| 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 | 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 | 134,985 |
| DEPRECIATION |
| At 1st January 2024 | 38,739 | 10,342 | 49,081 |
| Charge for year | 27,075 |
| At 31st December 2024 |
| NET BOOK VALUE |
| At 31st December 2024 | 28,930 | 29,899 |
| 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 |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Within one year |
| Between one and five years |
| 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 | 784,161 |
| Profit for the year |
| At 31st December 2024 | 832,082 |
| 10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 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. |