Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30No description of principal activityfalse2023-10-01false4451falsefalse 05166059 2023-10-01 2024-09-30 05166059 2022-10-01 2023-09-30 05166059 2024-09-30 05166059 2023-09-30 05166059 2022-10-01 05166059 2 2023-10-01 2024-09-30 05166059 2 2022-10-01 2023-09-30 05166059 5 2023-10-01 2024-09-30 05166059 5 2022-10-01 2023-09-30 05166059 d:CompanySecretary1 2023-10-01 2024-09-30 05166059 d:Director1 2023-10-01 2024-09-30 05166059 d:Director2 2023-10-01 2024-09-30 05166059 d:Director3 2023-10-01 2024-09-30 05166059 d:RegisteredOffice 2023-10-01 2024-09-30 05166059 e:Buildings e:LongLeaseholdAssets 2023-10-01 2024-09-30 05166059 e:Buildings e:LongLeaseholdAssets 2024-09-30 05166059 e:Buildings e:LongLeaseholdAssets 2023-09-30 05166059 e:FurnitureFittings 2023-10-01 2024-09-30 05166059 e:FurnitureFittings 2024-09-30 05166059 e:FurnitureFittings 2023-09-30 05166059 e:FurnitureFittings e:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05166059 e:OfficeEquipment 2023-10-01 2024-09-30 05166059 e:OfficeEquipment 2024-09-30 05166059 e:OfficeEquipment 2023-09-30 05166059 e:OfficeEquipment e:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05166059 e:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05166059 e:ComputerSoftware 2024-09-30 05166059 e:ComputerSoftware 2023-09-30 05166059 e:CurrentFinancialInstruments 2024-09-30 05166059 e:CurrentFinancialInstruments 2023-09-30 05166059 e:Non-currentFinancialInstruments 2024-09-30 05166059 e:Non-currentFinancialInstruments 2023-09-30 05166059 e:CurrentFinancialInstruments e:WithinOneYear 2024-09-30 05166059 e:CurrentFinancialInstruments e:WithinOneYear 2023-09-30 05166059 e:Non-currentFinancialInstruments e:AfterOneYear 2024-09-30 05166059 e:Non-currentFinancialInstruments e:AfterOneYear 2023-09-30 05166059 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2024-09-30 05166059 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2023-09-30 05166059 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2024-09-30 05166059 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2023-09-30 05166059 e:ReportableOperatingSegment1 2023-10-01 2024-09-30 05166059 e:ReportableOperatingSegment1 2022-10-01 2023-09-30 05166059 e:ReportableOperatingSegment2 2023-10-01 2024-09-30 05166059 e:ReportableOperatingSegment2 2022-10-01 2023-09-30 05166059 e:UKTax 2023-10-01 2024-09-30 05166059 e:UKTax 2022-10-01 2023-09-30 05166059 e:ShareCapital 2024-09-30 05166059 e:ShareCapital 2023-09-30 05166059 e:SharePremium 2024-09-30 05166059 e:SharePremium 2023-09-30 05166059 e:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 05166059 e:RetainedEarningsAccumulatedLosses 2024-09-30 05166059 e:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 05166059 e:RetainedEarningsAccumulatedLosses 2023-09-30 05166059 e:RetainedEarningsAccumulatedLosses 2022-10-01 05166059 e:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-09-30 05166059 e:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-09-30 05166059 e:FinancialLiabilitiesFairValueThroughProfitOrLoss e:ListedExchangeTraded 2024-09-30 05166059 e:FinancialLiabilitiesFairValueThroughProfitOrLoss e:ListedExchangeTraded 2023-09-30 05166059 e:FinancialLiabilitiesFairValueThroughProfitOrLoss e:UnlistedNon-exchangeTraded 2024-09-30 05166059 e:FinancialLiabilitiesFairValueThroughProfitOrLoss e:UnlistedNon-exchangeTraded 2023-09-30 05166059 e:AcceleratedTaxDepreciationDeferredTax 2024-09-30 05166059 e:AcceleratedTaxDepreciationDeferredTax 2023-09-30 05166059 d:OrdinaryShareClass1 2023-10-01 2024-09-30 05166059 d:OrdinaryShareClass1 2024-09-30 05166059 d:OrdinaryShareClass1 2023-09-30 05166059 d:FRS102 2023-10-01 2024-09-30 05166059 d:Audited 2023-10-01 2024-09-30 05166059 d:FullAccounts 2023-10-01 2024-09-30 05166059 d:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05166059 e:ComputerSoftware e:InternallyGeneratedIntangibleAssets 2023-10-01 2024-09-30 05166059 2 2023-10-01 2024-09-30 05166059 6 2023-10-01 2024-09-30 05166059 e:ComputerSoftware e:OwnedIntangibleAssets 2023-10-01 2024-09-30 05166059 f:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 05166059














ANYJUNK LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
ANYJUNK LIMITED
 

COMPANY INFORMATION


Directors
B S Black 
J E Gibson 
J A J Mohr 




Company secretary
Mrs E M Mohr



Registered number
05166059



Registered office
9 Felsham Road

Putney

London

SW15 1AX




Independent auditors
Magee Gammon Corporate Limited
Chartered Accountants & Statutory Auditors

Henwood House

Henwood

Ashford

Kent

TN24 8DH





 
ANYJUNK LIMITED
 

CONTENTS



Page
Strategic report
 
1 - 2
Directors' report
 
3 - 4
Independent auditors' report
 
5 - 8
Statement of income and retained earnings
 
9
Balance sheet
 
10
Statement of cash flows
 
11 - 12
Analysis of net debt
 
13
Notes to the financial statements
 
14 - 29


 
ANYJUNK LIMITED
 

STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Introduction
 
AnyJunk provides on-demand waste collection and software development services. It specialises in solutions for nationwide and multi-regional clients. More than 95% of income is from commercial account customers. The company was founded in 2004 and is headquartered in London.

Business review
 
Financial
In the year ended 30 September 2024, the Company achieved total revenues of £20,425,211 (2023: £21,142,558). Revenue was split £19,440,556 (2023: £15,805,021) from waste collection and £984,645 (2023: £5,337,537) from software services.
Operating profit was £3,246,860, an increase of 0.3% from the prior year (excluding profit from disposal investments). 
Outlook
The outlook for AnyJunk remains very positive. Its asset-light operating model and in-house software development capability allow it to provide customers with a high quality service (combining ease of use, speed of response, reliability, granular reporting, and minimal waste to landfill) at very competitive rates. It also has considerable flexibility and scalability with which to embrace changing customer and regulatory requirements. 

Principal risks and uncertainties
 
The Company faces a number of risks and uncertainties, including:
Competition: the waste collection industry is a competitive industry. Anyjunk Limited faces competition from a number of other companies, both large and small.
Changes in regulations: the waste collection industry is subject to a number of regulations. Any changes to these regulations could impact the Company's business.
Economic conditions: the Company's business could be impacted by changes in economic conditions. For example, a recession could lead to a decline in demand for waste collection services.

Financial key performance indicators
 
The key performance indicators of the business are turnover, gross profit and EBIT and these continue grow in-line or above the expectations of Directors.

Other key performance indicators
 
Operational 
The main operational KPI of Anyjunk Limited is the percentage of waste collections completed within the pickup window requested by the customer. In the year ended 30 September 2024, this KPI was achieved in excess of 99% of collections.
Environmental 
The main environmental KPI of Anyjunk Limited is the percentage of customer waste collected that is diverted from landfill. In the year ended 30 September 2024, customer waste diverted from landfill was in aggregate 98% across the whole of the UK and 100% in Greater London.

Page 1

 
ANYJUNK LIMITED
 

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024


This report was approved by the board and signed on its behalf.



___________________________
J A J Mohr
Director

Date: 24 June 2025

Page 2

 
ANYJUNK LIMITED
 

 
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

The directors present their report and the financial statements for the year ended 30 September 2024.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic report, the Directors' report 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), 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 for the Company's financial statements and then apply them consistently;

make judgments 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 to enable them to ensure that the financial statements comply with the Companies Act 2006They 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.

Results and dividends

The profit for the year, after taxation, amounted to £2,448,858 (2023 - £2,913,727).

Dividends totalling £2,494,720 (2023 - £Nil) were paid in the year. No further dividend is proposed in relation
to the financial year.

Directors

The directors who served during the year were:

B S Black 
J E Gibson 
J A J Mohr 

Future developments

The directors continue to monitor the current trading position of the company and as in previous years the directors will take any action that they consider necessary to ensure continued profitability.

Research and development activities

The Company continues to invest significantly in research and development. Focus research and development areas include supplier management, customer reporting and analytics, and disposal granularity.  The Company believes that its research and development investments will help it to continue to grow its business and improve its competitive position in the years ahead.

Page 3

 
ANYJUNK LIMITED
 

 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Post balance sheet events

There have been no significant events affecting the Company since the year end.

Auditors

The auditorsMagee Gammon Corporate Limitedwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





___________________________
J A J Mohr
Director

Date: 24 June 2025

Page 4

 
ANYJUNK LIMITED
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ANYJUNK LIMITED
 

Opinion


We have audited the financial statements of Anyjunk Limited (the 'Company') for the year ended 30 September 2024, which comprise the Statement of income and retained earnings, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 30 September 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Page 5

 
ANYJUNK LIMITED
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ANYJUNK LIMITED (CONTINUED)


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Responsibilities of directors
 

As explained more fully in the Directors' responsibilities statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 6

 
ANYJUNK LIMITED
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ANYJUNK LIMITED (CONTINUED)


Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the company, we have considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006.  We evaluated management incentives and opportunities for fraudulent manipulation of the financial statements including management override, and considered that the principal risk was related to the posting of inappropriate journal entries to improve the result before tax for the year.
We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion.
Procedures performed by the audit team included:
• Discussions with management regarding known or suspected instances of non-compliance with laws and   regulations;
• Evaluation of controls designed to prevent and detect irregularities; and
• Assessing journal entries as part of our planned audit approach.
There are inherent limitations in the audit procedures described above, and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it.  As in all of our audits we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.


Page 7

 
ANYJUNK LIMITED
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ANYJUNK LIMITED (CONTINUED)


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Joshua Conlon F.C.C.A. (Senior statutory auditor)
  
for and on behalf of
Magee Gammon Corporate Limited
 
Chartered Accountants
Statutory Auditors
  
Henwood House
Henwood
Ashford
Kent
TN24 8DH

26 June 2025
Page 8

 
ANYJUNK LIMITED
 

STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024
2023
Note

  

Turnover
 4 
20,425,211
21,142,558

Cost of sales
  
(14,650,296)
(14,975,264)

Gross profit
  
5,774,915
6,167,294

Administrative expenses
  
(2,528,055)
(2,930,469)

Operating profit
  
3,246,860
3,236,825

Profit on the disposal of investments
  
-
689,945

Interest receivable and similar income
 8 
54,902
4,261

Interest payable and similar expenses
 9 
(54,820)
(75,158)

Profit before tax
  
3,246,942
3,855,873

Tax on profit
 10 
(798,084)
(942,146)

Profit after tax
  
£2,448,858
£2,913,727

  

  

Retained earnings at the beginning of the year
  
5,016,627
2,102,900

Profit for the year
  
2,448,858
2,913,727

Dividends declared and paid
  
(2,494,720)
-

Retained earnings at the end of the year
  
£4,970,765
£5,016,627
The notes on pages 14 to 29 form part of these financial statements.

Page 9

 
ANYJUNK LIMITED
REGISTERED NUMBER: 05166059

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note

Fixed assets
  

Intangible assets
 12 
445,017
207,960

Tangible assets
 13 
1,172,203
1,203,922

Investments
 14 
2,142,683
1,392,683

  
3,759,903
2,804,565

Current assets
  

Stocks
 15 
11,914
4,402

Debtors: amounts falling due within one year
 16 
4,719,288
4,816,516

Cash at bank and in hand
 17 
1,031,224
2,306,580

  
5,762,426
7,127,498

Creditors: amounts falling due within one year
 18 
(3,309,629)
(3,605,034)

Net current assets
  
 
 
2,452,797
 
 
3,522,464

Total assets less current liabilities
  
6,212,700
6,327,029

Creditors: amounts falling due after more than one year
 19 
(699,023)
(761,833)

Provisions for liabilities
  

Deferred tax
 22 
(50,468)
(56,125)

Net assets
  
£5,463,209
£5,509,071


Capital and reserves
  

Called up share capital 
 23 
16
16

Share premium account
  
492,428
492,428

Profit and loss account
  
4,970,765
5,016,627

  
£5,463,209
£5,509,071


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




___________________________
J A J Mohr
Director

Date: 24 June 2025

The notes on pages 14 to 29 form part of these financial statements.

Page 10

 
ANYJUNK LIMITED
 

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024
2023

Cash flows from operating activities

Profit for the financial year
2,448,858
2,913,727

Adjustments for:

Amortisation of intangible assets
80,450
24,452

Depreciation of tangible assets
56,842
55,670

Loss on disposal of tangible assets
372
-

Interest paid
54,059
75,158

Interest received
(54,902)
(4,261)

Taxation charge
812,811
942,146

(Increase)/decrease in stocks
(7,512)
615

Decrease/(increase) in debtors
97,228
(1,291,939)

(Decrease)/increase in creditors
(122,016)
374,232

Corporation tax (paid)
(976,225)
(200,864)

Profit on disposal of unlisted investments
-
(689,945)

Net cash generated from operating activities

2,389,965
2,198,991


Cash flows from investing activities

Purchase of intangible fixed assets
(317,507)
(232,412)

Purchase of tangible fixed assets
(25,578)
(28,378)

Sale of tangible fixed assets
83
-

Purchase of unlisted and other investments
(750,000)
(1,118,881)

Sale of unlisted and other investments
-
728,445

Interest received
54,902
4,261

Net cash from investing activities

(1,038,100)
(646,965)

Cash flows from financing activities

New secured loans
-
503,364

Repayment of loans
(74,909)
-

Dividends paid
(2,494,720)
-

Interest paid
(54,059)
(75,160)

Net cash used in financing activities
(2,623,688)
428,204

Net (decrease)/increase in cash and cash equivalents
(1,271,823)
1,980,230

Cash and cash equivalents at beginning of year
2,275,457
295,227

Cash and cash equivalents at the end of year
£1,003,634
£2,275,457
Page 11

 
ANYJUNK LIMITED
 

STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2024
2023




Cash and cash equivalents at the end of year comprise:

Cash at bank and in hand
1,031,224
2,306,580

Bank overdrafts
(41,556)
(31,123)

£989,668
£2,275,457


The notes on pages 14 to 29 form part of these financial statements.

Page 12

 
ANYJUNK LIMITED
 

ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 30 SEPTEMBER 2024




At 1 October 2023
Cash flows
At 30 September 2024



Cash at bank and in hand

2,306,580

(1,275,356)

1,031,224

Bank overdrafts

(31,123)

(10,433)

(41,556)

Debt due after 1 year

(761,833)

62,810

(699,023)

Debt due within 1 year

(86,036)

12,099

(73,937)


£1,427,588
£(1,210,880)
£216,708

The notes on pages 14 to 29 form part of these financial statements.

Page 13

 
ANYJUNK LIMITED
 

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

1.


General information

Anyjunk Limited is a private company, limited by shares, incorporated in England and Wales. The registered number of the Company is 05166059. The Company registered office address is 9 Felsham Road, London, England, SW15 1AX. The address of the principal place of business is the same as the registered office address. The principal activity of the company is that of waste collection and software development.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 14

 
ANYJUNK LIMITED
 

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

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 15

 
ANYJUNK LIMITED
 

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

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 16

 
ANYJUNK LIMITED
 

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

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold property
-
Over 50 years on straight line basis
Fixtures and fittings
-
3 years on straight line basis
IT and website
-
3 years on straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

Page 17

 
ANYJUNK LIMITED
 

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

2.Accounting policies (continued)

 
2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.17

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Page 18

 
ANYJUNK LIMITED
 

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

2.Accounting policies (continued)


2.17
Financial instruments (continued)


Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.18

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 19

 
ANYJUNK LIMITED
 

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

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and
assumptions that affect the amounts reported. These estimates and judgements are continually reviewed
and are based on experience and other factors, including expectations of future events that are believed
to be reasonable under the circumstances. 
The judgements (apart from those involving estimations) that management have made in the process of
applying the entity's acounting policies and that have the most significant effect on the amounts
recognised in the financial statements are as follows:
(i) Useful economic life of fixed assets - The annual depreciation charges are based upon management's assessment of the useful economic lives and residual values of the company's tangible assets. These are reassessed annually and amended where necessary.
(ii) Accruals - The accruals are based upon management's assessment of money that has been spent, but not yet invoiced or paid.
(iii) Accrued income - Accrued income is based upon management's assessment of money that has been earned, but not yet invoiced or received.


4.


Turnover

An analysis of turnover by class of business is as follows:


2024
2023

Waste services
19,440,566
15,805,021

Software services
984,645
5,337,537

£20,425,211
£21,142,558


All turnover arose within the United Kingdom.


5.


Auditors' remuneration

During the year, the Company obtained the following services from the Company's auditors:


2024
2023

Fees payable to the Company's auditors for the audit of the Company's financial statements
10,500
10,000
Page 20

 
ANYJUNK LIMITED
 

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

6.


Employees

Staff costs, including directors' remuneration, were as follows:


2024
2023

Wages and salaries
1,856,871
4,383,203

Social security costs
197,294
232,781

Cost of defined contribution scheme
48,332
57,315

£2,102,497
£4,673,299


The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
1
1



Software services staff cost of sales
6
11



Software services staff overheads
-
2



Waste services staff
37
37

44
51


7.


Directors' remuneration

2024
2023

Directors' emoluments
200,000
225,000

Company contributions to defined contribution pension schemes
2,201
2,055

£202,201
£227,055


The highest paid director received remuneration of £200,000 (2023 - £225,000).

The value of the Company's contributions paid to a defined contribution pension scheme in respect of the highest paid director amounted to £2,201 (2023 - £2,055).


8.


Interest receivable

2024
2023


Other interest receivable
£54,902
£4,261

Page 21

 
ANYJUNK LIMITED
 

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

9.


Interest payable and similar expenses

2024
2023


Bank interest payable
54,059
71,099

Other interest payable
761
4,059

£54,820
£75,158


10.


Taxation


2024
2023

Corporation tax


Current tax on profits for the year
818,278
858,370

Adjustments in respect of previous periods
(14,537)
84,168


803,741
942,538


Total current tax
£803,741
£942,538

Deferred tax


Origination and reversal of timing differences
(5,657)
(392)

Total deferred tax
£(5,657)
£(392)


Tax on profit
£798,084
£942,146
Page 22

 
ANYJUNK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
 
10.Taxation (continued)


Factors affecting tax charge for the year

The tax assessed for the year is higher than (2023 - lower than) the standard rate of corporation tax in the UK of 25% (2023 - 25%). The differences are explained below:

2024
2023


Profit on ordinary activities before tax
£3,246,942
£3,855,873


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 25%)
811,736
963,968

Effects of:


Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
3
(167,760)

Capital allowances for year in excess of depreciation
1,306
4,509

Adjustments to tax charge in respect of prior periods
3,026
84,167

Increase or decrease in pension fund prepayment leading to an increase (decrease) in tax
(424)
1,462

Adjustment in research and development tax credit leading to an increase (decrease) in the tax charge
(17,563)
-

Capital gains
-
172,486

Changes in provisions leading to an increase (decrease) in the tax charge
-
(116,686)

Total tax charge for the year
£798,084
£942,146


Factors that may affect future tax charges

There are no factors that may affect future tax charges.


11.


Dividends

2024
2023


Dividends paid
£2,494,720
£-

Page 23

 
ANYJUNK LIMITED
 

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

12.


Intangible assets




Computer software



Cost


At 1 October 2023
232,412


Additions - internal
317,507



At 30 September 2024

549,919



Amortisation


At 1 October 2023
24,452


Charge for the year on owned assets
80,450



At 30 September 2024

104,902



Net book value



At 30 September 2024
£445,017



At 30 September 2023
£207,960



Page 24

 
ANYJUNK LIMITED
 

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

13.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Office equipment
Total



Cost or valuation


At 1 October 2023
1,374,286
108,424
492,512
1,975,222


Additions
-
-
25,578
25,578


Disposals
-
-
(780)
(780)



At 30 September 2024

1,374,286
108,424
517,310
2,000,020



Depreciation


At 1 October 2023
211,047
108,166
452,087
771,300


Charge for the year on owned assets
27,577
169
29,096
56,842


Disposals
-
-
(325)
(325)



At 30 September 2024

238,624
108,335
480,858
827,817



Net book value



At 30 September 2024
£1,135,662
£89
£36,452
£1,172,203



At 30 September 2023
£1,163,239
£258
£40,425
£1,203,922




The net book value of land and buildings may be further analysed as follows:


2024
2023

Long leasehold
£1,135,662
£1,163,239



14.


Fixed asset investments





Unlisted investments



Cost or valuation


At 1 October 2023
1,392,683


Additions
750,000



At 30 September 2024
£2,142,683




Page 25

 
ANYJUNK LIMITED
 

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

15.


Stocks

2024
2023

Finished goods and goods for resale
£11,914
£4,402



16.


Debtors

2024
2023


Trade debtors
4,661,246
4,672,298

Other debtors
40
100,413

Prepayments and accrued income
58,002
43,805

£4,719,288
£4,816,516



17.


Cash and cash equivalents

2024
2023

Cash at bank and in hand
1,031,224
2,306,580

Less: bank overdrafts
(41,556)
(31,123)

£989,668
£2,275,457


Page 26

 
ANYJUNK LIMITED
 

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

18.


Creditors: Amounts falling due within one year

2024
2023

Bank overdrafts
41,556
31,123

Bank loans
73,937
86,036

Trade creditors
1,552,143
1,696,609

Corporation tax
770,815
942,538

Other taxation and social security
385,379
488,058

Other creditors
372,813
179,289

Accruals and deferred income
112,986
181,381

£3,309,629
£3,605,034


The following liabilities were secured:

2024
2023



Bank loans
73,937
86,036

Details of security provided:

Bank loans are secured by a charge over the company's leasehold property at Felsham Road, Putney.


19.


Creditors: Amounts falling due after more than one year

2024
2023

Bank loans
£699,023
£761,833


The following liabilities were secured:

2024
2023



Bank loans
699,023
761,833

Details of security provided:

Bank loans are secured by a charge over the company's leasehold property at Felsham Road, Putney.

Page 27

 
ANYJUNK LIMITED
 

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

20.


Loans


Analysis of the maturity of loans is given below:


2024
2023

Amounts falling due within one year

Bank loans
73,937
86,036

Amounts falling due 1-2 years

Bank loans
79,558
72,034

Amounts falling due 2-5 years

Bank loans
619,465
689,800


£772,960
£847,870



21.


Financial instruments

2024
2023

Financial assets


Financial assets measured at fair value through profit or loss
1,031,224
2,306,580

Financial assets measured at amortised cost through profit or loss
4,661,286
4,772,711

£5,692,510
£7,079,291


Financial liabilities


Financial liabilities measured at fair value through profit or loss
(814,516)
(878,992)

Financial liabilities measured at amortised cost through profit or loss
(1,924,956)
(1,875,898)

£(2,739,472)
£(2,754,890)


Financial assets measured at fair value through profit or loss comprise of bank and cash balances.
Financial assets measured at amortised cost through profit or loss comprise of trade debtors and other debtors.


Financial liabilities measured at fair value through profit or loss comprise of bank loans and overdrafts.
Financial liabilities measured at amortised cost through profit or loss comprise of trade creditors and other creditors.

Page 28

 
ANYJUNK LIMITED
 

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

22.


Deferred taxation




2024
2023





At beginning of year
56,125
56,517


Charged to profit or loss
(5,657)
(392)



At end of year
£50,468
£56,125

The provision for deferred taxation is made up as follows:

2024
2023


Accelerated capital allowances
£50,468
£56,125


23.


Share capital

2024
2023
Allotted, called up and fully paid



15,592 (2023 - 15,592) Ordinary shares of £0.001 each
£15.592
£15.592



24.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. £48,332 (2023 - £57,315) Contributions totalling £9,968 (2023 - £14,143) were payable to the fund at the balance sheet date and are included in creditors.


25.


Related party transactions

At the balance sheet date, AnyJunk Limited owed £250,000 (2023 - was owed £100,000), in respect to loans advanced, to companies under common control with AnyJunk Limited.


Page 29