Registered number
01523306
Brisco Waste Disposal Limited
Unaudited Filleted Accounts
30 September 2024
Brisco Waste Disposal Limited
Registered number: 01523306
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 458,420 477,939
Current assets
Stocks 3,000 3,441
Debtors 4 266,072 234,970
Cash at bank and in hand 45,195 40,380
314,267 278,791
Creditors: amounts falling due within one year 5 (591,808) (520,839)
Net current liabilities (277,541) (242,048)
Total assets less current liabilities 180,879 235,891
Creditors: amounts falling due after more than one year 6 (168,449) (151,534)
Provisions for liabilities (25,459) (42,591)
Net (liabilities)/assets (13,029) 41,766
Capital and reserves
Called up share capital 100 100
Profit and loss account (13,129) 41,666
Shareholders' funds (13,029) 41,766
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R M O'Kelly
Director
Approved by the board on 25 June 2025
Brisco Waste Disposal Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% on the reducing value of the asset
Plant and machinery 15 - 20% on the reducing value of the asset
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 11 12
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 October 2023 17,728 597,075 571,130 1,185,933
Additions - 137,404 - 137,404
Disposals - (39,000) - (39,000)
At 30 September 2024 17,728 695,479 571,130 1,284,337
Depreciation
At 1 October 2023 - 401,596 306,398 707,994
Charge for the year - 67,173 66,299 133,472
On disposals - (15,549) - (15,549)
At 30 September 2024 - 453,220 372,697 825,917
Net book value
At 30 September 2024 17,728 242,259 198,433 458,420
At 30 September 2023 17,728 195,479 264,732 477,939
Plant and machinery with a carrying value of £156,318 (2023 - £107,653) and motor vehicles with a carrying value of £160,197 (2023 - £213,750) are held under hire purchase agreements.
4 Debtors 2024 2023
£ £
Trade debtors 246,521 222,390
Other debtors 19,551 12,580
266,072 234,970
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 95,485 91,729
Trade creditors 201,614 250,161
Amounts owed to group undertakings and undertakings in which the company has a participating interest 159,395 114,395
Taxation and social security costs 70,365 6,132
Other creditors 64,949 58,422
591,808 520,839
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 168,449 151,534
7 Loans 2024 2023
£ £
Creditors include:
Obligations under finance lease and hire purchase contracts - secured on the assets concerned 263,934 243,263
8 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 18,000 18,000
9 Related party transactions
The company is a wholly owned subsidiary of and is under the control of Brisco Williams & Sons Limited.
During the year ended 30 September 2024 the company sold £7,998 (2023 - £10,747) of goods and services to group undertakings.
The company rented property from Brisco Williams & Sons Limited at an annual rental of £18,000 (2023 - £18,000). The company received management services from Brisco Williams & Sons Limited amounting to £69,900 (2023 - £69,900).
During the year ended 30 September 2024 the company purchased £13,256 (2023 - £26,065) of goods and services from group undertakings.
2024 2023
£ £
At the year end the amount due to group undertakings was (189,955) (130,335)
At the year end the amount due from group undertakings was 2,104 2,209
10 Other information
Brisco Waste Disposal Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Gorseinon Road
Gorseinon
Swansea
SA4 9GG
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