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REGISTERED NUMBER: 07819305 (England and Wales)





GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

LIDDELL HOLDINGS (WESSEX) LIMITED

LIDDELL HOLDINGS (WESSEX) LIMITED (REGISTERED NUMBER: 07819305)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024










Page

Company Information 1

Group Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Consolidated Statement of Comprehensive Income 8

Consolidated Balance Sheet 9

Company Balance Sheet 10

Consolidated Statement of Changes in Equity 11

Company Statement of Changes in Equity 12

Consolidated Cash Flow Statement 13

Notes to the Consolidated Cash Flow Statement 14

Notes to the Consolidated Financial Statements 16


LIDDELL HOLDINGS (WESSEX) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTORS: Mr P J Liddell
Mrs M J Liddell





REGISTERED OFFICE: The Estate Office
Yokesford Hill Estate Belbins
Romsey
Hampshire
SO51 0PF





REGISTERED NUMBER: 07819305 (England and Wales)





AUDITORS: Shaw Gibbs (Audit) Limited
Chartered Certified Accountants
Statutory Auditor
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

LIDDELL HOLDINGS (WESSEX) LIMITED (REGISTERED NUMBER: 07819305)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31ST OCTOBER 2024


The directors present their strategic report of the company and the group for the year ended 31st October 2024.

REVIEW OF BUSINESS
2023/24 was a challenging year which saw the completion and commissioning of the bespoke wash plant. All these challenges have been overcome resulting in a fully operational additional sector in the organisation.

During 2023/24 we continued to be subjected to extreme competitiveness in the tipper business, skip and container sector however we have been successful in maintaining our market position through our efficiencies, reliability and the outstanding customer service that we offer our customers.

We have continued to maintain reliable and consistent outlets for our products.

Ace Loos continued to go from strength to strength - we were successful in winning and retaining major events throughout Hampshire and Dorset. As a result we invested in additional portable toilets to increase our event fleet.

Our earlier investment in a new pre-MOT inspection service lane has proven to increase efficiencies, reducing the need for third party brake testing, and allowed us to increase the number of vehicles inspections and pre-MOT inspections going through the workshop without the need for additional staffing.

We have been successful in developing our young people through to skilled members of staff who are playing key roles within our business. This is an ongoing commitment.

Like all companies, we have been under pressure with increased costs across all sectors. We have reviewed suppliers and working practices to reduce the impact on the company's profitability.

We continue to invest in new equipment throughout all sectors but with reduced levels in departments that have adequate resources. A large volume of mobile plant was purchased prior to inflation pressures and interest rate rises and our recycling division is particularly benefiting from this pre-planning, taking the pressure off purchasing new machines whilst the interest rates sit at their current position.

Our staffing levels have been reviewed and we have reduced staff levels in departments through natural wastage.

We are extremely grateful for the continued support and hard work of all our employees and loyalty of our clients, suppliers and business partners.

ON BEHALF OF THE BOARD:





Mr P J Liddell - Director


25th June 2025

LIDDELL HOLDINGS (WESSEX) LIMITED (REGISTERED NUMBER: 07819305)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST OCTOBER 2024


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

DIVIDENDS
Ordinary dividends were paid amounting to £180,000.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st November 2023 to the date of this report.

Mr P J Liddell
Mrs M J Liddell

FINANCIAL INSTRUMENTS
The group had no financial instruments at the year end other than bank loans and cash, and financial instruments such as debtors and creditors that arise directly from its operations.

The group is exposed to a variety of financial risks which result from its operating activities. The board is responsible for coordinating the group's risk management and focuses on securing the group's short to medium term cash flows.

The group does not actively engage in the trading of financial assets and has no financial derivatives. The group seeks to manage risks to ensure sufficient liquidity is available to meet its foreseeable needs. Regular contact is maintained with the group's bankers to ensure that sufficient funding is available for the group's needs if required.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, 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). 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

LIDDELL HOLDINGS (WESSEX) LIMITED (REGISTERED NUMBER: 07819305)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST OCTOBER 2024


AUDITORS
Shaw Gibbs (Audit) Limited will be deemed to be reappointed in the following year under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:





Mr P J Liddell - Director


25th June 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
LIDDELL HOLDINGS (WESSEX) LIMITED


Opinion
We have audited the financial statements of Liddell Holdings (Wessex) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31st October 2024 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The 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 group's and of the parent company affairs as at 31st October 2024 and of the group's 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 group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'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 group's and the parent 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 directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our 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.

In connection with our audit of the financial statements, 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 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.

Opinions 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 Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
LIDDELL HOLDINGS (WESSEX) LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company 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 Statement of Directors' Responsibilities set out on page three, 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 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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

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 a Report of the Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory framework applicable to the company and group via discussions with the directors and our previous knowledge of the company. This identified that the most significant laws and regulations relate to the form and content of the financial statements such as the UK Companies Act 2006 and Financial Reporting Standard 102. The company complies with these laws and regulations by using appropriately qualified professionals to prepare the financial statements.

As part of our planning process we assessed susceptibility of the financial statements to material misstatements, including how fraud might occur by making an assessment of the key risks. The key risks identified in respect of Liddell Holdings (Wessex) Limited are revenue recognition and management override.

Based on this assessment we designed our audit procedures to address these key risk areas with an emphasis on testing sales cut off and testing controls in place in respect of sales and those areas susceptible to management override including testing manual journals and making enquiries of management.

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 Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
LIDDELL HOLDINGS (WESSEX) LIMITED


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 2006. Our 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 a Report of the Auditors 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.




David Barr (Senior Statutory Auditor)
for and on behalf of Shaw Gibbs (Audit) Limited
Chartered Certified Accountants
Statutory Auditor
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

25th June 2025

LIDDELL HOLDINGS (WESSEX) LIMITED (REGISTERED NUMBER: 07819305)

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31ST OCTOBER 2024

2024 2023
Notes £    £   

TURNOVER 3 10,790,719 10,050,857

Cost of sales 8,882,414 7,957,572
GROSS PROFIT 1,908,305 2,093,285

Administrative expenses 1,412,764 1,335,469
495,541 757,816

Other operating income 19,457 13,474
OPERATING PROFIT 5 514,998 771,290

Interest receivable and similar income 7 6,879 7,953
521,877 779,243

Interest payable and similar expenses 8 153,259 105,379
PROFIT BEFORE TAXATION 368,618 673,864

Tax on profit 9 142,353 210,109
PROFIT FOR THE FINANCIAL YEAR 226,265 463,755

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

226,265

463,755

Profit attributable to:
Owners of the parent 226,265 463,755

Total comprehensive income attributable to:
Owners of the parent 226,265 463,755

LIDDELL HOLDINGS (WESSEX) LIMITED (REGISTERED NUMBER: 07819305)

CONSOLIDATED BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 12 8,419 8,419
Tangible assets 13 17,255,577 17,293,234
Investments 14 - -
17,263,996 17,301,653

CURRENT ASSETS
Debtors 15 3,460,834 3,324,451
Cash at bank and in hand 415,826 765,190
3,876,660 4,089,641
CREDITORS
Amounts falling due within one year 16 2,767,520 2,596,007
NET CURRENT ASSETS 1,109,140 1,493,634
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,373,136

18,795,287

CREDITORS
Amounts falling due after more than one
year

17

(2,359,984

)

(3,060,505

)

PROVISIONS FOR LIABILITIES 20 (2,322,078 ) (2,089,973 )
NET ASSETS 13,691,074 13,644,809

CAPITAL AND RESERVES
Called up share capital 21 2 2
Revaluation reserve 22 4,516,991 4,516,991
Retained earnings 22 9,174,081 9,127,816
SHAREHOLDERS' FUNDS 13,691,074 13,644,809

The financial statements were approved by the Board of Directors and authorised for issue on 25th June 2025 and were signed on its behalf by:





Mr P J Liddell - Director


LIDDELL HOLDINGS (WESSEX) LIMITED (REGISTERED NUMBER: 07819305)

COMPANY BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 12 - -
Tangible assets 13 - -
Investments 14 8 8
8 8

CURRENT ASSETS
Debtors 15 1,234,848 1,234,925
Cash at bank 146 69
1,234,994 1,234,994
NET CURRENT ASSETS 1,234,994 1,234,994
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,235,002

1,235,002

CAPITAL AND RESERVES
Called up share capital 21 2 2
Retained earnings 1,235,000 1,235,000
SHAREHOLDERS' FUNDS 1,235,002 1,235,002

Company's profit for the financial year 180,000 150,000

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 25th June 2025 and were signed on its behalf by:





Mr P J Liddell - Director


LIDDELL HOLDINGS (WESSEX) LIMITED (REGISTERED NUMBER: 07819305)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31ST OCTOBER 2024

Called up
share Retained Revaluation Total
capital earnings reserve equity
£    £    £    £   
Balance at 1st November 2022 2 8,814,061 4,516,991 13,331,054

Changes in equity
Dividends - (150,000 ) - (150,000 )
Total comprehensive income - 463,755 - 463,755
Balance at 31st October 2023 2 9,127,816 4,516,991 13,644,809

Changes in equity
Dividends - (180,000 ) - (180,000 )
Total comprehensive income - 226,265 - 226,265
Balance at 31st October 2024 2 9,174,081 4,516,991 13,691,074

LIDDELL HOLDINGS (WESSEX) LIMITED (REGISTERED NUMBER: 07819305)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31ST OCTOBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1st November 2022 2 1,235,000 1,235,002

Changes in equity
Dividends - (150,000 ) (150,000 )
Total comprehensive income - 150,000 150,000
Balance at 31st October 2023 2 1,235,000 1,235,002

Changes in equity
Dividends - (180,000 ) (180,000 )
Total comprehensive income - 180,000 180,000
Balance at 31st October 2024 2 1,235,000 1,235,002

LIDDELL HOLDINGS (WESSEX) LIMITED (REGISTERED NUMBER: 07819305)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31ST OCTOBER 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,564,763 725,393
Interest paid (83,344 ) (43,386 )
Interest element of hire purchase payments
paid

(68,205

)

(61,993

)
Finance costs paid (1,710 ) -
Tax paid (198,293 ) 51,217
Net cash from operating activities 1,213,211 671,231

Cash flows from investing activities
Purchase of tangible fixed assets (526,271 ) (1,081,054 )
Sale of tangible fixed assets 45,500 2,000
Interest received 6,879 7,953
Net cash from investing activities (473,892 ) (1,071,101 )

Cash flows from financing activities
Payment of finance lease obligations (780,267 ) (865,841 )
New loans in year - 1,000,000
Loan repayments in year (131,270 ) (120,432 )
Amount introduced by directors 187,890 132,337
Amount withdrawn by directors (185,036 ) (160,212 )
Equity dividends paid (180,000 ) (150,000 )
Net cash from financing activities (1,088,683 ) (164,148 )

Decrease in cash and cash equivalents (349,364 ) (564,018 )
Cash and cash equivalents at beginning of
year

2

765,190

1,329,208

Cash and cash equivalents at end of year 2 415,826 765,190

LIDDELL HOLDINGS (WESSEX) LIMITED (REGISTERED NUMBER: 07819305)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31ST OCTOBER 2024


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2024 2023
£    £   
Profit before taxation 368,618 673,864
Depreciation charges 919,129 937,198
Profit on disposal of fixed assets (30,439 ) (1,503 )
Finance costs 153,259 105,379
Finance income (6,879 ) (7,953 )
1,403,688 1,706,985
Increase in trade and other debtors (40,498 ) (973,247 )
Increase/(decrease) in trade and other creditors 201,573 (8,345 )
Cash generated from operations 1,564,763 725,393

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31st October 2024
31.10.24 1.11.23
£    £   
Cash and cash equivalents 415,826 765,190
Year ended 31st October 2023
31.10.23 1.11.22
£    £   
Cash and cash equivalents 765,190 1,329,208


LIDDELL HOLDINGS (WESSEX) LIMITED (REGISTERED NUMBER: 07819305)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31ST OCTOBER 2024


3. ANALYSIS OF CHANGES IN NET DEBT

Other
non-cash
At 1.11.23 Cash flow changes At 31.10.24
£    £    £    £   
Net cash
Cash at bank
and in hand 765,190 (349,364 ) 415,826
765,190 (349,364 ) 415,826
Debt
Finance leases (2,440,228 ) 780,267 (370,262 ) (2,030,223 )
Debts falling due
within 1 year (123,223 ) (3,538 ) - (126,761 )
Debts falling due
after 1 year (1,043,939 ) 134,808 - (909,131 )
(3,607,390 ) 911,537 (370,262 ) (3,066,115 )
Total (2,842,200 ) 562,173 (370,262 ) (2,650,289 )

LIDDELL HOLDINGS (WESSEX) LIMITED (REGISTERED NUMBER: 07819305)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024


1. STATUTORY INFORMATION

Liddell Holdings (Wessex) 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 General Information page.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The group consists of Liddell Holdings (Wessex) Limited and all of its subsidiaries.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts on these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historic cost convention, modified to include the revaluation of freehold properties. The principal accounting policies adopted are set out below.

The company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of the group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements for the parent company information presented with the consolidated financial statements:

- Section 4 'Statement of Financial Position' - Reconciliation of the opening and closing number of shares;
- Section 7 'Statement of Cash Flows' - Presentation of a statement of cash flow and related notes and disclosures;
- Section 33 'Related Party Disclosures' - Compensation for key management personnel.

Basis of consolidation
In the parent company financial statements, the cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. Investments in subsidiaries are accounted for at cost less impairment.

The consolidated financial statements incorporate those of Liddell Holdings (Wessex) Limited and all of its subsidiaries (ie entities that the group controls through its power to govern the financial and operating policies so as to obtain economic benefits).

All financial statements are made up to 31 October 2023. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used in line with those used by other members of the group.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

LIDDELL HOLDINGS (WESSEX) LIMITED (REGISTERED NUMBER: 07819305)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


2. ACCOUNTING POLICIES - continued

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgments, 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 considered to be relevant. Actual results may differ from these estimates.

The estimate 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.

Critical judgements
The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements:

- Depreciation policy
- Tipping provision
- Valuation of freehold property

Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying
amount of assets and liabilities are as follows:

Trade debtors
Trade debtors are reviewed on an account-by-account basis for recoverability. Where the amount due is considered irrecoverable, or only partly recoverable, a provision is made against the amount which is not expected to be recovered.

Valuation of Freehold Property
Land and buildings are revalued by the directors based on their estimate of the market value at the balance sheet date.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, and funding has been secured with the company's bankers as required. Therefore, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

LIDDELL HOLDINGS (WESSEX) LIMITED (REGISTERED NUMBER: 07819305)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


2. ACCOUNTING POLICIES - continued

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from recycling is recognised when waste is physically received on site through the weighbridge. Revenue from sanitation hire and services is recognised on a monthly basis in line with the hire periods during that month. Revenue from the provision of skips is recognised on initial delivery of the skip to the customer with provision made for collection and waste disposal costs.

Revenue from rental of property is recognised in line with the rental periods.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation has not been provided as the intellectual property relates to a waste transfer license which has an infinite useful life. The waste transfer license exists until it is transferred to another company or is surrendered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to to write off each asset over its estimated useful life.

Freehold property - Not provided
Plant and machinery - 20% on reducing balance and 4% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Freehold properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being the fair value at the date of valuation less any subsequent depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value. In assessing the annual depreciation charge on those assets the directors have taken into consideration the estimated useful economic life of the assets and their estimated residual values. Land and buildings are principally let to Aceliftaway Limited for use in the group's trade, although part of the land is let to a third parties. Because land and buildings are held primarily for use in a trade they have been treated as property plant and equipment within tangible fixed assets and are not accounted for as investment property.

Having also taken into account the level of maintenance at which the properties are maintained, based on all of these factors, the directors consider that a depreciation charge is not required.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

LIDDELL HOLDINGS (WESSEX) LIMITED (REGISTERED NUMBER: 07819305)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The Group has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 '
Other 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 debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affect. 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.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the carrying amount does not exceed hat the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the assets expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the assets in its entirety to an unrelated third party.

Classification of 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 deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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


LIDDELL HOLDINGS (WESSEX) LIMITED (REGISTERED NUMBER: 07819305)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


2. ACCOUNTING POLICIES - continued
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or
cancelled.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Comprehensive Income, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements.
The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

The group 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.

The costs of short term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

LIDDELL HOLDINGS (WESSEX) LIMITED (REGISTERED NUMBER: 07819305)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


2. ACCOUNTING POLICIES - continued

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher or fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset of which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Equity instruments
Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the group.

An analysis of turnover by class of business is given below:

2024 2023
£    £   
Skips 8,072,856 7,807,030
Sanitation 985,974 853,861
Recycling 1,483,282 1,289,682
Property management 154,138 100,284
Washplant 94,469 -
10,790,719 10,050,857

LIDDELL HOLDINGS (WESSEX) LIMITED (REGISTERED NUMBER: 07819305)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 3,424,641 3,209,966
Social security costs 326,974 294,774
Other pension costs 67,753 61,958
3,819,368 3,566,698

The average number of employees during the year was as follows:
2024 2023

Directors 2 2
Administration 15 14
Sales 4 4
Direct 92 91
113 111

2024 2023
£    £   
Directors' remuneration 24,528 20,544

5. OPERATING PROFIT

2024 2023
Operating profit for the year is stated after charging/(crediting) £ £

Government grants (12,204 ) (12,204 )
Audit fees 21,000 19,200
Depreciation of owned tangible fixed assets 664,637 625,673
Depreciation of tangible fixed assets held under finance leases 254,492 311,525
Profit on disposal of tangible fixed assets (30,439 ) (1,503 )

6. AUDITORS' REMUNERATION

31.10.24 31.10.23
Fees payable to the company's auditor and associates: £ £

For audit services
Audit of the financial statement of the group and company 5,700 5,200
Audit of the financial statements of the company's subsidiaries 15,300 14,000
21,000 19,200
For other services
Other taxation services 1,600 1,550
All other non-audit services 7,900 7,600
9,500 9,150

LIDDELL HOLDINGS (WESSEX) LIMITED (REGISTERED NUMBER: 07819305)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


7. INTEREST RECEIVABLE AND SIMILAR INCOME
2024 2023
£    £   
Deposit account interest 6,879 7,953

8. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank interest 71,379 25,219
Bank loan interest 11,965 18,167
Hire purchase 68,205 61,993
Other interest paid 1,710 -
153,259 105,379

9. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax (89,752 ) 186,194

Deferred tax 232,105 23,915
Tax on profit 142,353 210,109

LIDDELL HOLDINGS (WESSEX) LIMITED (REGISTERED NUMBER: 07819305)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


9. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 368,618 673,864
Profit multiplied by the standard rate of corporation tax in the UK of 25 %
(2023 - 22.500 %)

92,155

151,619

Effects of:
Expenses not deductible for tax purposes 3,264 1,600
Income not taxable for tax purposes (10,661 ) (3,084 )
Capital allowances in excess of depreciation (755,767 ) -
Depreciation in excess of capital allowances - 42,060
Adjustments to tax charge in respect of previous periods 6,132 (6,001 )
capital allowances


Tax losses carried forward 575,125 -
Deferred tax charge 232,105 23,915
Total tax charge 142,353 210,109

10. INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


11. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Interim 180,000 150,000

LIDDELL HOLDINGS (WESSEX) LIMITED (REGISTERED NUMBER: 07819305)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


12. INTANGIBLE FIXED ASSETS

Group
Patents
and
licences
£   
COST
At 1st November 2023
and 31st October 2024 8,419
NET BOOK VALUE
At 31st October 2024 8,419
At 31st October 2023 8,419

13. TANGIBLE FIXED ASSETS

Group
Assets
Freehold under Plant and
property construction machinery
£    £    £   
COST OR VALUATION
At 1st November 2023 8,900,000 4,032,403 11,866,300
Additions - 169,856 686,248
Disposals - - (165,040 )
Transfer to ownership - (4,202,259 ) 4,202,259
At 31st October 2024 8,900,000 - 16,589,767
DEPRECIATION
At 1st November 2023 - - 7,622,371
Charge for year - - 891,440
Eliminated on disposal - - (149,979 )
At 31st October 2024 - - 8,363,832
NET BOOK VALUE
At 31st October 2024 8,900,000 - 8,225,935
At 31st October 2023 8,900,000 4,032,403 4,243,929

LIDDELL HOLDINGS (WESSEX) LIMITED (REGISTERED NUMBER: 07819305)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


13. TANGIBLE FIXED ASSETS - continued

Group

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST OR VALUATION
At 1st November 2023 293,456 277,980 25,370,139
Additions 3,929 36,500 896,533
Disposals - - (165,040 )
Transfer to ownership - - -
At 31st October 2024 297,385 314,480 26,101,632
DEPRECIATION
At 1st November 2023 216,463 238,071 8,076,905
Charge for year 15,449 12,240 919,129
Eliminated on disposal - - (149,979 )
At 31st October 2024 231,912 250,311 8,846,055
NET BOOK VALUE
At 31st October 2024 65,473 64,169 17,255,577
At 31st October 2023 76,993 39,909 17,293,234

The company has no tangible fixed assets as at 31 October 2024 or 31 October 2023.

Cost or valuation at 31st October 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2008 993,316 - - - 993,316
Valuation in 2018 593,346 - - - 593,346
Valuation in 2020 1,400,000 - - - 1,400,000
Valuation in 2022 2,500,000 - - - 2,500,000
Cost 3,413,338 16,589,767 297,385 314,480 20,614,970
8,900,000 16,589,767 297,385 314,480 26,101,632

LIDDELL HOLDINGS (WESSEX) LIMITED (REGISTERED NUMBER: 07819305)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


13. TANGIBLE FIXED ASSETS - continued

Group

Land and buildings with a carrying amount of £8,900,000 were valued professionally on 25th August 2022.

Land and buildings are carried at valuation. If land and buildings were measured using the cost model, the carrying amounts would have been approximately £3,413,338 (2023 - £3,413,338), being cost £3,413,338 (2023 - £3,413,338) and depreciation £nil (2023 - £nil).

The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts:

Group Company
31.10.24 31.10.23 31.10.24 31.10.23
£ £ £ £
Plant and machinery 3,734,912 3,873,393 - -
Motor vehicles 32,242 - - -
3,767,154 3,873,393 - -

14. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertaking
£   
COST
At 1st November 2023
and 31st October 2024 8
NET BOOK VALUE
At 31st October 2024 8
At 31st October 2023 8

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Aceliftaway Limited
Registered office: The Estate Office, Yokesford Hill Estate, Belbins, Romsey, Hampshire, SO51 0PF
Nature of business: Skip hire, sanitation services and recycling
%
Class of shares: holding
Ordinary 100.00

LIDDELL HOLDINGS (WESSEX) LIMITED (REGISTERED NUMBER: 07819305)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


14. FIXED ASSET INVESTMENTS - continued

Liddell Estates Limited
Registered office: As above
Nature of business: Property letting
%
Class of shares: holding
Ordinary 100.00

Ace Loos Limited
Registered office: As above
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 100.00


15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 989,351 902,287 - -
Amounts owed by group undertakings - - 1,234,846 1,234,923
Other debtors 2,019,297 2,078,412 2 2
Tax 95,884 - - -
Prepayments and accrued income 356,302 343,752 - -
3,460,834 3,324,451 1,234,848 1,234,925

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group
2024 2023
£    £   
Bank loans and overdrafts (see note 18) 126,761 123,223
Hire purchase contracts (see note 19) 665,336 521,832
Trade creditors 910,459 814,559
Tax 34 192,195
Social security and other taxes 115,794 75,634
VAT 285,392 284,998
Other creditors 96,174 149,983
Directors' current accounts 40,312 37,459
Accruals and deferred income 515,054 383,920
Deferred government grants 12,204 12,204
2,767,520 2,596,007

LIDDELL HOLDINGS (WESSEX) LIMITED (REGISTERED NUMBER: 07819305)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Included above are secured creditors of £792,097 (2023 - £645,055)

Net obligations under finance lease and hire purchase contracts are secured by fixed charges on the assets concerned.

The bank loans are secured by a legal charge on the land and property owned by the Group and by a fixed and floating charge over the group assets.

17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group
2024 2023
£    £   
Bank loans (see note 18) 909,131 1,043,939
Hire purchase contracts (see note 19) 1,364,887 1,918,396
Deferred government grants 85,966 98,170
2,359,984 3,060,505

The aggregate amount of creditors for which security has been given amounts to £2,274,018 (2023 - £2,962,335).

The bank loans are secured by a legal charge on the land and property owned by the Group and by a fixed and floating charge over the group assets.

Net obligations under finance lease and hire purchase contracts are secured by fixed charges on the assets concerned.

The government grant deferred at the year end, relates to a WRAP grant, which is being recognised over the useful life of the asset acquired. There are no unfulfilled conditions relating to this grant and the group has not received any other form of government assistance.

Amounts payable by instalments falling due after more than five years are £nil (2023 - £nil).

LIDDELL HOLDINGS (WESSEX) LIMITED (REGISTERED NUMBER: 07819305)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


18. LOANS

An analysis of the maturity of loans is given below:

Group
2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 126,761 123,223
Amounts falling due between one and two years:
Bank loans - 1-2 years 136,413 130,428
Amounts falling due between two and five years:
Bank loans - 2-5 years 772,718 913,511

The bank loans are secured by a legal charge on the land and property owned by the Group and by a fixed and floating charge over the group assets.

19. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 665,336 521,832
Between one and five years 1,364,887 1,918,396
2,030,223 2,440,228

2024 2023
Future minimum lease payments due under finance leases: £ £

Within one year 736,436 579,174
In two to five years 1,539,548 2,148,969
2,275,984 2,728,143
Less: future finance charges (245,761 ) (287,915 )
2,030,223 2,440,228

Finance lease payments represent rentals payable by the company or group for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 3 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

LIDDELL HOLDINGS (WESSEX) LIMITED (REGISTERED NUMBER: 07819305)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


20. PROVISIONS FOR LIABILITIES

Group
2024 2023
£    £   
Deferred tax 2,322,078 2,089,973

Group
Deferred
tax
£   
Balance at 1st November 2023 2,089,973
Charge to Statement of Comprehensive Income during year 232,105
Accelerated capital allowances
Retirement benefit obligations
Deferred tax on revaluation
Balance at 31st October 2024 2,322,078

21. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

Shares rank equally for voting, dividends and distributions on a winding up basis.

22. RESERVES

Group
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1st November 2023 9,127,816 4,516,991 13,644,807
Profit for the year 226,265 226,265
Dividends (180,000 ) (180,000 )
At 31st October 2024 9,174,081 4,516,991 13,691,072


23. PENSION COMMITMENTS

The group operates a defined pension contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

£67,753 (2023 - £61,958) was charged to profit or loss in respect of defined contribution schemes in the year.

LIDDELL HOLDINGS (WESSEX) LIMITED (REGISTERED NUMBER: 07819305)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


24. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements 281,599 122,314

25. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st October 2024 and 31st October 2023:

2024 2023
£    £   
P J Liddell and Mrs M J Liddell
Balance outstanding at start of year (37,458 ) (65,334 )
Amounts advanced 126,036 160,213
Amounts repaid (128,890 ) (132,337 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (40,312 ) (37,458 )

26. RELATED PARTY DISCLOSURES

At the year end the group was owed £2,017,731 (2023 - £1,921,672) from Liddell Farms Limited, a company of which Mr & Mrs Liddell are directors and shareholders.

During the year, a total key management personnel compensation of £24,528 (2023 - £20,544) was paid.

27. ULTIMATE CONTROLLING PARTY

The company is under the control of directors Mr P Liddell and Mrs M Liddell by virtue of their shareholding being 50% each.