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REGISTERED NUMBER: 01602629 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Mayglothling Waste Limited

Mayglothling Waste Limited (Registered number: 01602629)

Contents of the Financial Statements
for the year ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mayglothling Waste Limited

Company Information
for the year ended 31 March 2025







Directors: J C G Mayglothling
J C Mayglothling
Mrs B V Mayglothling





Registered office: Yaidon Farm
Penrhos Hill
Kington
Herefordshire
HR5 3LH





Registered number: 01602629 (England and Wales)





Accountants: Acre Accountancy Limited
Unit 2 Foley Works
Foley Trading Estate
Hereford
Herefordshire
HR1 2SF

Mayglothling Waste Limited (Registered number: 01602629)

Balance Sheet
31 March 2025

31/3/25 31/3/24
Notes £    £   
FIXED ASSETS
Intangible assets 5 54,833 150,661
Tangible assets 6 1,641,397 1,448,433
Investments 7 200,002 2
1,896,232 1,599,096

CURRENT ASSETS
Stocks 76,595 80,857
Debtors 8 1,373,496 1,296,393
Cash at bank and in hand 1,108,725 1,283,688
2,558,816 2,660,938
CREDITORS
Amounts falling due within one year 9 (1,231,432 ) (1,377,540 )
NET CURRENT ASSETS 1,327,384 1,283,398
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,223,616

2,882,494

CREDITORS
Amounts falling due after more than one year 10 (564,107 ) (390,005 )

PROVISIONS FOR LIABILITIES 12 (396,000 ) (360,000 )
NET ASSETS 2,263,509 2,132,489

CAPITAL AND RESERVES
Called up share capital 13 100 100
Other reserves 47,426 47,426
Retained earnings 2,215,983 2,084,963
SHAREHOLDERS' FUNDS 2,263,509 2,132,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Mayglothling Waste Limited (Registered number: 01602629)

Balance Sheet - continued
31 March 2025


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:





J C G Mayglothling - Director


Mayglothling Waste Limited (Registered number: 01602629)

Notes to the Financial Statements
for the year ended 31 March 2025


1. STATUTORY INFORMATION

Mayglothling Waste 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 Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income from long-term contracts is recognised in accordance with the stage of completion. Where the right to income arises only on completion, turnover is recognised at that point.

Goodwill
Goodwill arising on the acquisition of businesses in 2016, 2019 and 2021 are being amortised over their estimated useful life of five years.

Intangible asset - computer software
The company has invested in developing bespoke computer software. After initial recognition, intangible assets are measured at cost, less any accumulated amortisation and any accumulated impairment losses.

Amortisation commences when the software is brought into use. The policy is to amortise over the expected useful life, currently estimated at five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on cost and 10% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 20% on cost and 10% on cost
Computer equipment - 15% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement. They are classified as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Mayglothling Waste Limited (Registered number: 01602629)

Notes to the Financial Statements - continued
for the year ended 31 March 2025


3. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 75 (2024 - 79 ) .

5. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
Cost
At 1 April 2024
and 31 March 2025 356,500 53,828 410,328
Amortisation
At 1 April 2024 259,667 - 259,667
Amortisation for year 42,000 53,828 95,828
At 31 March 2025 301,667 53,828 355,495
Net book value
At 31 March 2025 54,833 - 54,833
At 31 March 2024 96,833 53,828 150,661

Mayglothling Waste Limited (Registered number: 01602629)

Notes to the Financial Statements - continued
for the year ended 31 March 2025


6. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Cost
At 1 April 2024 240,651 638,958 85,317
Additions - 62,057 -
Disposals - (17,950 ) -
At 31 March 2025 240,651 683,065 85,317
Depreciation
At 1 April 2024 191,123 542,402 53,646
Charge for year 3,248 53,177 13,079
Eliminated on disposal - (15,856 ) -
At 31 March 2025 194,371 579,723 66,725
Net book value
At 31 March 2025 46,280 103,342 18,592
At 31 March 2024 49,528 96,556 31,671

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 April 2024 3,731,491 86,057 4,782,474
Additions 690,627 - 752,684
Disposals (339,062 ) - (357,012 )
At 31 March 2025 4,083,056 86,057 5,178,146
Depreciation
At 1 April 2024 2,483,429 63,441 3,334,041
Charge for year 460,360 9,570 539,434
Eliminated on disposal (320,870 ) - (336,726 )
At 31 March 2025 2,622,919 73,011 3,536,749
Net book value
At 31 March 2025 1,460,137 13,046 1,641,397
At 31 March 2024 1,248,062 22,616 1,448,433

Mayglothling Waste Limited (Registered number: 01602629)

Notes to the Financial Statements - continued
for the year ended 31 March 2025


7. FIXED ASSET INVESTMENTS

31/3/25 31/3/24
£    £   
Shares in group undertakings 2 2
Other loans 200,000 -
200,002 2

Additional information is as follows:
Shares in
group
undertakings
£   
Cost
At 1 April 2024
and 31 March 2025 2
Net book value
At 31 March 2025 2
At 31 March 2024 2
Other
loans
£   
New in year 200,000
At 31 March 2025 200,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Trade debtors 1,329,617 1,280,619
Other debtors 43,879 15,774
1,373,496 1,296,393

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Hire purchase contracts 286,532 310,369
Trade creditors 617,251 853,459
Taxation and social security 199,989 180,946
Other creditors 127,660 32,766
1,231,432 1,377,540

Mayglothling Waste Limited (Registered number: 01602629)

Notes to the Financial Statements - continued
for the year ended 31 March 2025


10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/25 31/3/24
£    £   
Hire purchase contracts 564,107 390,005

11. SECURED DEBTS

The following secured debts are included within creditors:

31/3/25 31/3/24
£    £   
Hire purchase contracts 850,639 700,374

Hire purchase contracts are secured on the asset to which they relate.

Barclays Bank PLC holds a debenture including fixed and floating charge dated 22 October 2004.

12. PROVISIONS FOR LIABILITIES
31/3/25 31/3/24
£    £   
Deferred tax
Accelerated capital allowances 396,000 360,000

Deferred
tax
£   
Balance at 1 April 2024 360,000
Charge to Profit and Loss Account during year 36,000
Balance at 31 March 2025 396,000

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value £ £
51 Ordinary A £1 51 51
39 Ordinary B £1 39 39
10 Ordinary C £1 10 10
100 100