Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30truefalse8The principal activity of the company througout the year was that of waste disposal and skip hire.2023-07-018trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12039150 2023-07-01 2024-06-30 12039150 2022-07-01 2023-06-30 12039150 2024-06-30 12039150 2023-06-30 12039150 c:Director1 2023-07-01 2024-06-30 12039150 d:Buildings 2023-07-01 2024-06-30 12039150 d:Buildings 2024-06-30 12039150 d:Buildings 2023-06-30 12039150 d:Buildings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12039150 d:PlantMachinery 2023-07-01 2024-06-30 12039150 d:PlantMachinery 2024-06-30 12039150 d:PlantMachinery 2023-06-30 12039150 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12039150 d:MotorVehicles 2023-07-01 2024-06-30 12039150 d:MotorVehicles 2024-06-30 12039150 d:MotorVehicles 2023-06-30 12039150 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12039150 d:FurnitureFittings 2023-07-01 2024-06-30 12039150 d:FurnitureFittings 2024-06-30 12039150 d:FurnitureFittings 2023-06-30 12039150 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12039150 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12039150 d:CurrentFinancialInstruments 2024-06-30 12039150 d:CurrentFinancialInstruments 2023-06-30 12039150 d:Non-currentFinancialInstruments 2024-06-30 12039150 d:Non-currentFinancialInstruments 2023-06-30 12039150 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 12039150 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12039150 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 12039150 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 12039150 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 12039150 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 12039150 d:ShareCapital 2024-06-30 12039150 d:ShareCapital 2023-06-30 12039150 d:RetainedEarningsAccumulatedLosses 2024-06-30 12039150 d:RetainedEarningsAccumulatedLosses 2023-06-30 12039150 c:FRS102 2023-07-01 2024-06-30 12039150 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12039150 c:FullAccounts 2023-07-01 2024-06-30 12039150 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12039150 d:HirePurchaseContracts d:WithinOneYear 2024-06-30 12039150 d:HirePurchaseContracts d:WithinOneYear 2023-06-30 12039150 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-06-30 12039150 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-06-30 12039150 2 2023-07-01 2024-06-30 12039150 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-06-30 12039150 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-06-30 12039150 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-06-30 12039150 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-06-30 12039150 d:LeasedAssetsHeldAsLessee 2024-06-30 12039150 d:LeasedAssetsHeldAsLessee 2023-06-30 12039150 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 12039150









MOGSONSWASTE LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
MOGSONSWASTE LTD
REGISTERED NUMBER: 12039150

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
428,736
371,674

  
428,736
371,674

Current assets
  

Stocks
 5 
127,580
42,830

Debtors: amounts falling due within one year
 6 
91,246
44,862

Cash at bank and in hand
 7 
35,344
23,548

  
254,170
111,240

Creditors: amounts falling due within one year
 8 
(430,284)
(367,378)

Net current liabilities
  
 
 
(176,114)
 
 
(256,138)

Total assets less current liabilities
  
252,622
115,536

Creditors: amounts falling due after more than one year
 9 
(237,452)
(185,265)

  

Net assets/(liabilities)
  
15,170
(69,729)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
15,070
(69,829)

  
15,170
(69,729)


Page 1

 
MOGSONSWASTE LTD
REGISTERED NUMBER: 12039150
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 June 2025.




................................................
Connor Lysons
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
MOGSONSWASTE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Mogsonswaste Ltd is a private company limited by share capital, incorporated in England and Wales. The principal activity of the Company throughout the year was that of the collection of waste.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basIs, this assumes the continued support of the director which he has pledged for the foreseeable future.

 
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.

Page 3

 
MOGSONSWASTE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
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.

 
2.8

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
10%
Reducing balance
Plant and machinery
-
15%
Reducing balance
Motor vehicles
-
25%
Reducing balance
Fixtures and fittings
-
25%
Reducing balance

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.

 
2.9

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.

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.

 
2.10

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.

Page 4

 
MOGSONSWASTE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.

 
2.13

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 8).

Page 5

 
MOGSONSWASTE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 July 2023
-
429,950
78,435
4,797
513,182


Additions
11,332
123,739
13,750
7,053
155,874


Disposals
-
(26,250)
-
-
(26,250)



At 30 June 2024

11,332
527,439
92,185
11,850
642,806



Depreciation


At 1 July 2023
-
114,990
24,570
1,948
141,508


Charge for the year on owned assets
1,133
63,612
16,905
2,476
84,126


Disposals
-
(11,564)
-
-
(11,564)



At 30 June 2024

1,133
167,038
41,475
4,424
214,070



Net book value



At 30 June 2024
10,199
360,401
50,710
7,426
428,736



At 30 June 2023
-
314,960
53,865
2,849
371,674

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
232,729
183,937

Motor vehicles
44,621
50,246

277,350
234,183

Page 6

 
MOGSONSWASTE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
127,580
42,830

127,580
42,830



6.


Debtors

2024
2023
£
£


Trade debtors
49,202
34,578

Amounts owed by joint ventures and associated undertakings
13,096
-

Other debtors
26,345
6,495

Prepayments and accrued income
2,603
3,789

91,246
44,862


Included within other debtors is a loan to Connor Lysons, the director, amounting to £19,850 (2023 - £17,840 in other creditors). 




7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
35,344
23,548

Less: bank overdrafts
(673)
-

34,671
23,548


Page 7

 
MOGSONSWASTE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
673
-

Bank loans
50,329
38,211

Trade creditors
91,240
163,778

Amounts owed to joint ventures
7,170
-

Other taxation and social security
144,516
36,454

Obligations under finance lease and hire purchase contracts
87,382
61,234

Other creditors
39,524
57,251

Accruals and deferred income
9,450
10,450

430,284
367,378







9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
36,738
49,171

Net obligations under finance leases and hire purchase contracts
200,714
136,094

237,452
185,265


The following liabilities were secured:


Details of security provided:

Bank loans are secured. The hire purchase loans are secured on the asset concerned.

Page 8

 
MOGSONSWASTE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
50,329
38,211

Amounts falling due 1-2 years

Bank loans
36,738
49,171

87,067
87,382



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
84,237
61,234

Between 1-5 years
188,584
136,094

272,821
197,328


12.


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. The pension cost charge represents contributions payable by the Company to the fund and amounted to £4,066 (2023- £2,124). Contributions totalling £9,583 (2023 - £2,069) were payable to the fund at the balance sheet date.


13.


Controlling party

The Company is controlled by the director, Connor Lysons, by virtue of his shareholding as described in the Director's report.
 
Page 9