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REGISTERED NUMBER: 04993188 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 December 2024

for

W Maw Recycling Limited

W Maw Recycling Limited (Registered number: 04993188)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W Maw Recycling Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: T E Scarlett





REGISTERED OFFICE: Haberschon Works
Steel Street
Rotherham
S61 1DF





REGISTERED NUMBER: 04993188 (England and Wales)





ACCOUNTANTS: Parkins Accountants Ltd
T/A, Parkins, Chartered Accountants
Moor Park House
Bawtry Rd
Wickersley
Rotherham
South Yorkshire
S66 2BL

W Maw Recycling Limited (Registered number: 04993188)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,610,877 1,741,243
1,610,877 1,741,243

CURRENT ASSETS
Debtors 6 1,584,332 782,822
Cash at bank and in hand 540,692 1,618,354
2,125,024 2,401,176
CREDITORS
Amounts falling due within one year 7 1,247,409 1,347,691
NET CURRENT ASSETS 877,615 1,053,485
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,488,492

2,794,728

CREDITORS
Amounts falling due after more than one
year

8

(129,066

)

(170,507

)

PROVISIONS FOR LIABILITIES 10 (263,037 ) (295,629 )
NET ASSETS 2,096,389 2,328,592

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 12 2,096,387 2,328,590
SHAREHOLDERS' FUNDS 2,096,389 2,328,592

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

W Maw Recycling Limited (Registered number: 04993188)

Balance Sheet - continued
31 December 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 July 2025 and were signed by:




T E Scarlett - Director



Mrs J Scarlett - Director


W Maw Recycling Limited (Registered number: 04993188)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

W Maw Recycling 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. 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Buildings - not provided
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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

W Maw Recycling Limited (Registered number: 04993188)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2023 - 37 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 20,000
AMORTISATION
At 1 January 2024
and 31 December 2024 20,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

W Maw Recycling Limited (Registered number: 04993188)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Leasehold
yard
capital Plant and
costs Buildings machinery
£    £    £   
COST
At 1 January 2024 457,916 221,664 1,783,362
Additions - - 55,710
At 31 December 2024 457,916 221,664 1,839,072
DEPRECIATION
At 1 January 2024 120,853 - 623,048
Charge for year - - 228,268
Transfer to ownership - - (45,865 )
At 31 December 2024 120,853 - 805,451
NET BOOK VALUE
At 31 December 2024 337,063 221,664 1,033,621
At 31 December 2023 337,063 221,664 1,160,314

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 26,220 14,490 2,230 2,505,882
Additions - - - 55,710
At 31 December 2024 26,220 14,490 2,230 2,561,592
DEPRECIATION
At 1 January 2024 7,456 11,052 2,230 764,639
Charge for year 2,814 859 - 231,941
Transfer to ownership - - - (45,865 )
At 31 December 2024 10,270 11,911 2,230 950,715
NET BOOK VALUE
At 31 December 2024 15,950 2,579 - 1,610,877
At 31 December 2023 18,764 3,438 - 1,741,243

W Maw Recycling Limited (Registered number: 04993188)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2024 670,500
Transfer to ownership (112,000 )
At 31 December 2024 558,500
DEPRECIATION
At 1 January 2024 114,095
Charge for year 73,540
Transfer to ownership (45,865 )
At 31 December 2024 141,770
NET BOOK VALUE
At 31 December 2024 416,730
At 31 December 2023 556,405

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 828,484 653,105
VAT 108,625 -
Prepayments 647,223 129,717
1,584,332 782,822

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) - 10,305
Hire purchase contracts 57,771 79,834
Trade creditors 930,420 762,819
Tax - 124,499
Social security and other taxes 25,055 30,467
VAT - 29,374
Other creditors 222,037 299,382
Directors' current accounts 6,626 11
Accruals and deferred income - 5,000
Accrued expenses 5,500 6,000
1,247,409 1,347,691

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 129,066 170,507

W Maw Recycling Limited (Registered number: 04993188)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans - 10,305

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 263,037 295,629

Deferred
tax
£   
Balance at 1 January 2024 295,629
Provided during year (32,592 )
Movement in year
Balance at 31 December 2024 263,037

11. CALLED UP SHARE CAPITAL

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

12. RESERVES
Retained
earnings
£   

At 1 January 2024 2,328,590
Deficit for the year (232,203 )
At 31 December 2024 2,096,387

13. RELATED PARTY DISCLOSURES

The Director Mr T Scarlett owns the freehold land and rents this to the Company. The annual rental charged is £15,000. This is at market value. (2023: £15,000.)

14. ULTIMATE CONTROLLING PARTY

The controlling party is T S Yorkshire Ltd.