Stiens Waste Recycling Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10704357 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Stiens Waste Recycling Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C Stiens

REGISTERED OFFICE:

Elba Crescent

Crymlyn Burrows

Swansea

SA1 8QQ

REGISTERED NUMBER:

10704357 (England and Wales)

ACCOUNTANTS:

DGL Accountancy Services Limited

Chartered Certified Accountants

35 Hen Parc Avenue

Upper Killay

Swansea

SA2 7HA

FIXED ASSETS

Tangible assets

4

49,076

61,440

CURRENT ASSETS

Debtors

5

21,666

15,875

Cash at bank and in hand

10,071

7,019

31,737

22,894

CREDITORS

Amounts falling due within one year

6

19,022

18,118

NET CURRENT ASSETS

12,715

4,776

TOTAL ASSETS LESS CURRENT
LIABILITIES

61,791

66,216

CREDITORS

Amounts falling due after more than
one year

7

(1,658

)

(11,255

)

PROVISIONS FOR LIABILITIES

9

(9,300

)

(8,100

)

NET ASSETS

50,833

46,861

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

50,733

46,761

50,833

46,861

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.

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 15 September 2025 and were signed by:

C Stiens - Director

1.	STATUTORY INFORMATION

Stiens Waste 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 consists of the invoiced value for services supplied to third parties.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1 January 2024

77,472

30,000

410

107,882

Additions

-

3,421

At 31 December 2024

77,472

30,000

3,831

111,303

DEPRECIATION

At 1 January 2024

29,257

17,147

38

46,442

Charge for year

12,054

3,213

518

15,785

At 31 December 2024

41,311

20,360

556

62,227

NET BOOK VALUE

At 31 December 2024

36,161

9,640

3,275

49,076

At 31 December 2023

48,215

12,853

372

61,440

The net book value of tangible fixed assets held under hire purchase at 31 December 2024 was £15,165 (2023 : £33,073). The depreciation provided on these assets in the year was £5,055 (2023 : £5,363).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

15,241

15,875

Other debtors

6,425

-

21,666

15,875

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

3,034

Hire purchase contracts

6,563

8,500

Trade creditors

-

1,000

Corporation tax

170

-

Social security and other taxes

4,798

460

Other creditors

2,393

3,410

Directors' current accounts

964

1,214

Accrued expenses

1,100

500

19,022

18,118

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.12.24

31.12.23

£

Bank loan

1,658

4,692

Hire purchase contracts

-

6,563

1,658

11,255

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

Hire purchase contracts

6,563

15,063

9.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

Deferred tax

9,300

8,100

Deferred

tax

£

Balance at 1 January 2024

8,100

Charge to Income Statement during year

1,200

Balance at 31 December 2024

9,300

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 were paid to the director .

11.	ULTIMATE CONTROLLING PARTY

There is no single controlling party as the issued shares are held equally between C Stiens, director, and R Stiens.