Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-319falseNo description of principal activity2024-04-01false7truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08087743 2024-04-01 2025-03-31 08087743 c:KeyManagementIndividualGroup1 2024-04-01 2025-03-31 08087743 2023-04-01 2024-03-31 08087743 2025-03-31 08087743 c:KeyManagementIndividualGroup1 c:OtherTransactionType1 2025-03-31 08087743 2024-03-31 08087743 d:Director3 2024-04-01 2025-03-31 08087743 d:Director4 2024-04-01 2025-03-31 08087743 c:Buildings c:LongLeaseholdAssets 2024-04-01 2025-03-31 08087743 c:Buildings c:LongLeaseholdAssets 2025-03-31 08087743 c:Buildings c:LongLeaseholdAssets 2024-03-31 08087743 c:PlantMachinery 2024-04-01 2025-03-31 08087743 c:PlantMachinery 2025-03-31 08087743 c:PlantMachinery 2024-03-31 08087743 c:PlantMachinery c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08087743 c:MotorVehicles 2024-04-01 2025-03-31 08087743 c:MotorVehicles 2025-03-31 08087743 c:MotorVehicles 2024-03-31 08087743 c:MotorVehicles c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08087743 c:ComputerEquipment 2024-04-01 2025-03-31 08087743 c:ComputerEquipment 2025-03-31 08087743 c:ComputerEquipment 2024-03-31 08087743 c:ComputerEquipment c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08087743 c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08087743 c:CurrentFinancialInstruments 2025-03-31 08087743 c:CurrentFinancialInstruments 2024-03-31 08087743 c:Non-currentFinancialInstruments 2025-03-31 08087743 c:Non-currentFinancialInstruments 2024-03-31 08087743 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 08087743 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 08087743 c:Non-currentFinancialInstruments c:AfterOneYear 2025-03-31 08087743 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 08087743 c:ShareCapital 2025-03-31 08087743 c:ShareCapital 2024-03-31 08087743 c:RetainedEarningsAccumulatedLosses 2025-03-31 08087743 c:RetainedEarningsAccumulatedLosses 2024-03-31 08087743 d:FRS102 2024-04-01 2025-03-31 08087743 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08087743 d:FullAccounts 2024-04-01 2025-03-31 08087743 d:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08087743 2 2024-04-01 2025-03-31 08087743 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 08087743










A.W.O. RECYCLING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

 
A.W.O. RECYCLING LIMITED
REGISTERED NUMBER: 08087743

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
924,510
1,043,269

Current assets
  

Debtors: amounts falling due within one year
 5 
263,166
288,668

  
263,166
288,668

Creditors: amounts falling due within one year
 6 
(451,177)
(491,462)

Net current liabilities
  
 
 
(188,011)
 
 
(202,794)

Total assets less current liabilities
  
736,499
840,475

Creditors: amounts falling due after more than one year
 7 
(446,289)
(570,205)

Provisions for liabilities
  

Deferred tax
  
(117,918)
(123,138)

Net assets
  
172,292
147,132


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
172,192
147,032

  
172,292
147,132


Page 1

 
A.W.O. RECYCLING LIMITED
REGISTERED NUMBER: 08087743
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

The directors consider 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 directors acknowledge their 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 comprehensive income 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 by: 




................................................
Mr T Bedford
................................................
Mr D O Bedford
Director
Director


Date: 21 August 2025
Date:21 August 2025

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
A.W.O. RECYCLING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

A.W.O. Recycling Limited (“the Company”) is a private company limited by shares, incorporated in England and Wales under the Companies Act.
The registered number and address of the registered office is given in the company information. 
The functional and presentational currency of the Company is pounds sterling (£) and rounded to the nearest whole pound. 

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 financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends upon continued financial support from the directors, shareholders and related companies. The financial statements do not include any adjustments that would result if such support is not continuing.

Page 3

 
A.W.O. RECYCLING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.3

Revenue

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

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 4

 
A.W.O. RECYCLING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

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:

Long-term leasehold property
-
2%
reducing balance
Plant and machinery
-
20%
reducing balance
Motor vehicles
-
25%
reducing balance
Computer equipment
-
20%
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.

 
2.5

Debtors

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

 
2.6

Financial instruments

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

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

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

Basic financial assets

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

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

Page 5

 
A.W.O. RECYCLING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.6
Financial instruments (continued)

Basic financial liabilities

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

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

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

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

Derecognition of financial instruments

Derecognition of financial assets

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

Derecognition of financial liabilities

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

 
2.7

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.

 
2.8

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.

Page 6

 
A.W.O. RECYCLING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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 other creditors as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.11

Interest income

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

 
2.12

Borrowing costs

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

 
2.13

Current and deferred taxation

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

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

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

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


Page 7

 
A.W.O. RECYCLING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2024 - 9).


4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£
£



Cost


At 1 April 2024
479,584
1,467,512
20,833
15,118
1,983,047


Additions
6,750
-
-
775
7,525



At 31 March 2025

486,334
1,467,512
20,833
15,893
1,990,572



Depreciation


At 1 April 2024
24,106
902,509
5,210
7,953
939,778


Charge for the year on owned assets
9,389
113,001
2,307
1,587
126,284



At 31 March 2025

33,495
1,015,510
7,517
9,540
1,066,062



Net book value



At 31 March 2025
452,839
452,002
13,316
6,353
924,510



At 31 March 2024
455,478
565,003
15,623
7,165
1,043,269

Page 8

 
A.W.O. RECYCLING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Debtors

2025
2024
£
£


Trade debtors
108,454
105,432

Amounts owed by group undertakings
26,490
20,317

Amounts owed by related partnerships
74,076
71,422

Other debtors
49,499
65,000

Prepayments and accrued income
4,647
26,497

263,166
288,668


Amounts owed by group undertakings are unsecured, interest free and repayable on demand.


6.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank overdrafts
121,358
194,014

Bank loans
10,440
41,737

Trade creditors
49,657
26,891

Amounts owed to group undertakings
102,438
70,438

Corporation tax
31,152
-

Other taxation and social security
16,667
14,445

Obligations under finance lease and hire purchase contracts
113,476
138,215

Other creditors
999
882

Accruals and deferred income
4,990
4,840

451,177
491,462


Bank overdrafts falling due within one year of £121,358 (2024: £194,014) are secured against the assets of the company.
Bank loans falling due within one year of £10,440 (2024: £41,737) are secured by the company.
Obligations under finance lease and hire purchase contracts falling due within one year of £113,476 (2024: £138,215) are secured against the assets to which they relate.
Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

Page 9

 
A.W.O. RECYCLING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

7.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
177,560
188,000

Obligations under finance leases and hire purchase contracts
268,729
382,205

446,289
570,205


Bank loans falling due after more than one year of £177,560 (2024: £188,000) are secured by the company.
Obligations under finance leases and hire purchase contracts falling due after more than one year of £268,729 (2024: £382,205) are secured against the assets to which they relate.

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2025
2024
£
£


Obligations under finance leases and hire purchase contracts
-
24,681




8.


Pension commitments

The company contributes to a defined contribution pension scheme for its employees and directors.
At the balance sheet date there were outstanding contributions of £999 (2024: £882). This balance is included within other creditors.


9.


Transactions with directors

During the year the company loaned monies to a director. Advances to the director totalled £6,000 (2024: £8,246) and repayments totalled £Nil (2024: £12,900). At the balance sheet date the amount outstanding totalled £20,159 (2023: £14,159). Interest totalling £Nil (2024: £Nil) has been charged on this loan.
During the year the company loaned monies to a second director. Advances to the director totalled £1,000 (2024: £2,916) and repayments totalled £1,000 (2024: £Nil). At the balance sheet date the amount outstanding totalled £2,470 (2024: £2,470). Interest totalling £Nil (2024: £Nil) has been charged on this loan.
During the year the company loaned monies to a third director. Advances to the director totalled £100 (2024: £2,243) and repayments totalled £Nil (2024: £Nil). At the balance sheet date the amount outstanding totalled £1,261 (2024: £1,161). Interest totalling £Nil (2024: £Nil) has been charged on this loan.
All balances are included in other debtors, are unsecured and repayable on demand. 

Page 10

 
A.W.O. RECYCLING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

10.


Related party transactions

Included within amounts due by related partnerships is a balance due from A.W.O Bedford and Partners, a partnership under common control, totalling £74,076 (2024: £71,422). This balances is unsecured, interest free and repayable on demand.


11.


Controlling party

The immediate and ultimate parent company is AWO Holdings Limited, a company incorporated in England and Wales, and which owns 100% of the issued ordinary share capital in this company. The registered office of AWO Holdings Limited is 1 The Forum, Minerva Business Park, Lynch Wood, Peterborough, PE2 6FT. 

 
Page 11