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REGISTERED NUMBER: 07368807 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

REIGATE ENVIRONMENTAL SERVICES LIMITED

REIGATE ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 07368807)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


REIGATE ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 07368807)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 159,343 207,309

CURRENT ASSETS
Inventories 47,722 66,490
Debtors 5 1,983,192 1,234,297
Cash at bank and in hand 467,069 458,648
2,497,983 1,759,435
CREDITORS
Amounts falling due within one year 6 1,889,060 1,418,030
NET CURRENT ASSETS 608,923 341,405
TOTAL ASSETS LESS CURRENT
LIABILITIES

768,266

548,714

CREDITORS
Amounts falling due after more than one year 7 (75,635 ) (145,201 )

PROVISIONS FOR LIABILITIES 10 (39,836 ) (51,828 )
NET ASSETS 652,795 351,685

CAPITAL AND RESERVES
Called up share capital 11 11 11
Retained earnings 652,784 351,674
SHAREHOLDERS' FUNDS 652,795 351,685

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.

REIGATE ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 07368807)

STATEMENT OF FINANCIAL POSITION - 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 22 April 2025 and were signed on its behalf by:





Mr P G Catacos - Director


REIGATE ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 07368807)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Reigate Environmental Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07368807

Registered office: 42 Ormside Way
Holmethorpe Industrial Estate,
Redhill
Surrey
RH1 2LW

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


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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and costs incurred or to be incurred in respect of the transaction can be measured reliably.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery - 25% on reducing balance.
Fixtures and fittings - 25% on reducing balance.
Motor vehicles - 25% on cost

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of inventory sold is recognised as an expense in the period in which the related revenue is recognised.

REIGATE ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 07368807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 38 ) .

REIGATE ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 07368807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023 313,230 16,506 223,071 552,807
Additions 3,863 - - 3,863
At 30 September 2024 317,093 16,506 223,071 556,670
DEPRECIATION
At 1 October 2023 204,711 12,187 128,600 345,498
Charge for year 27,130 1,080 23,619 51,829
At 30 September 2024 231,841 13,267 152,219 397,327
NET BOOK VALUE
At 30 September 2024 85,252 3,239 70,852 159,343
At 30 September 2023 108,519 4,319 94,471 207,309

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

Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 68,240
DEPRECIATION
Charge for year 17,061
At 30 September 2024 17,061
NET BOOK VALUE
At 30 September 2024 51,179
At 30 September 2023 68,240

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,556,913 872,119
Other debtors 426,279 362,178
1,983,192 1,234,297

REIGATE ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 07368807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,000 50,000
Hire purchase contracts (see note 8) 13,650 12,789
Trade creditors 738,997 470,768
Amounts owed to group undertakings 675,047 534,097
Taxation and social security 317,013 261,662
Other creditors 94,353 88,714
1,889,060 1,418,030

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 41,731 91,766
Hire purchase contracts (see note 8) 33,904 53,435
75,635 145,201

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 13,650 12,789
Between one and five years 33,904 53,435
47,554 66,224

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 91,731 141,766

Bank loan is secured by way of fixed and floating charge on the property and other assets of the company and contains a negative pledge.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 51,828 20,503
Other timing differences (11,992 ) 31,325
39,836 51,828

REIGATE ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 07368807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2023 51,828
Provided during year (11,992 )
Balance at 30 September 2024 39,836

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1
10 B Ordinary £1 10 10
11 11

12. OTHER FINANCIAL COMMITMENTS

The company has annual commitment of £34,500 under non-cancellable operating leases.

13. RELATED PARTY DISCLOSURES

Included in the other debtors less than one year is an amount of £15,517 (2023: £10,057) due from the connected companies with common control.The loans remain interest free and recoverable on demand.