Company Registration No. 11187222 (England and Wales)
Purely Waste Solutions Ltd
Unaudited accounts
for the year ended 28 February 2025
Purely Waste Solutions Ltd
Unaudited accounts
Contents
Purely Waste Solutions Ltd
Company Information
for the year ended 28 February 2025
Directors
S Pettitt
Z Pettitt
Company Number
11187222 (England and Wales)
Registered Office
Bloxham Mill Business Centre
Barford Road
Bloxham
Oxfordshire
OX15 4FF
United Kingdom
Accountants
Link Accounting Limited
Bloxham Mill Business Centre
Barford Road
Bloxham
Oxfordshire
OX15 4FF
Purely Waste Solutions Ltd
Statement of financial position
as at 28 February 2025
Tangible assets
30,359
43,467
Cash at bank and in hand
101,027
107,095
Creditors: amounts falling due within one year
(98,556)
(97,216)
Net current assets
30,902
50,738
Total assets less current liabilities
61,261
94,205
Creditors: amounts falling due after more than one year
(1,250)
(6,250)
Called up share capital
100
100
Profit and loss account
59,911
87,855
Shareholders' funds
60,011
87,955
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2025 and were signed on its behalf by
S Pettitt
Director
Company Registration No. 11187222
Purely Waste Solutions Ltd
Notes to the Accounts
for the year ended 28 February 2025
Purely Waste Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 11187222. The registered office is Bloxham Mill Business Centre, Barford Road, Bloxham, Oxfordshire, OX15 4FF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 Years Straight Line
Motor vehicles
5 Years Straight Line
Computer equipment
3 Years Straight Line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Purely Waste Solutions Ltd
Notes to the Accounts
for the year ended 28 February 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
25,757
37,990
2,390
66,137
Disposals
(2,110)
-
-
(2,110)
At 28 February 2025
23,647
37,990
2,390
64,027
At 1 March 2024
12,563
8,231
1,876
22,670
Charge for the year
4,507
7,598
264
12,369
On disposals
(1,371)
-
-
(1,371)
At 28 February 2025
15,699
15,829
2,140
33,668
At 28 February 2025
7,948
22,161
250
30,359
At 29 February 2024
13,194
29,759
514
43,467
Amounts falling due within one year
Trade debtors
28,431
40,859
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
5,778
5,000
Obligations under finance leases and hire purchase contracts
-
9,169
Trade creditors
50,135
46,278
Taxes and social security
34,217
31,921
Loans from directors
220
3,654
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).