Filleted

Registration number: 02794156

Celtic Vacuum Limited

Contents

Company Information	1
Directors' Report	2 to 3
Balance Sheet	4 to 5
Notes to the Financial Statements	6 to 12

Celtic Vacuum Limited

Company Information

Directors

Mr Ben Field-Thomas Claire Louise Gottwaltz Jonathan Howard Strange Peter John Horsley

Registered office

The Salterns Marsh Road Tenby Pembrokeshire

Celtic Vacuum Limited

Directors' Report for the Year Ended 31 March 2025

The directors present their report and the financial statements for the year ended 31 March 2025.

Directors of the company

The directors who held office during the year were as follows:

Stephen Lee Fairlie (ceased 19 September 2024)

Mr Ben Field-Thomas

Claire Louise Gottwaltz

Jonathan Howard Strange

Peter John Horsley

Principal activity

The principal activity of the company is other waste services

Celebrating progress in our second year of Employee Ownership

The company has completed its second year under Employee Ownership. Throughout the year, our employees have continued to deliver outstanding service to our customers through innovation, dedication, and a strong sense of shared purpose. This collective effort has generated significant value, enabling us to:

• Support the Employee Ownership Trust by meeting our deferred consideration commitment with a further £325,000 contribution,
• Invest over £340,000 in new plant and vehicles to enhance our operational capability, and
• Make an Employee Ownership Trust bonus payment to our employees again this year in recognition of their hard work and commitment.

In addition to these achievements, we are proud to highlight the following milestones:

• We were finalists at the Finance Awards Wales in both the Small Finance Team of the Year and Finance Director of the Year categories,
• Our new company website went live, enhancing how we showcase our services and engage with customers,
• We were nominated for a Safety Award for our outstanding work on a major project at the Dŵr Cymru Welsh Water Health & Safety Conference.

As we look to the future, we remain committed to delivering exceptional products and services, fostering innovation, and upholding the highest standards of safety and integrity. We thank all our stakeholders for their continued support and look forward to the next chapter with confidence and excitement. The best of Celtic Vacuum Ltd is still to come.


 

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Page 2

Celtic Vacuum Limited

Directors' Report for the Year Ended 31 March 2025

Approved by the Board on 15 September 2025 and signed on its behalf by:

......................................... Claire Louise Gottwaltz Director

Celtic Vacuum Limited

(Registration number: 02794156)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	1,066,545	1,109,591
Current assets
Stocks	6	5,961	55,767
Debtors	7	1,005,906	1,117,255
Cash at bank and in hand		933,445	923,980
		1,945,312	2,097,002
Creditors: Amounts falling due within one year	8	(810,069)	(1,126,118)
Net current assets		1,135,243	970,884
Total assets less current liabilities		2,201,788	2,080,475
Creditors: Amounts falling due after more than one year	8	(88,846)	(108,590)
Provisions for liabilities		(212,853)	(193,960)
Net assets		1,900,089	1,777,925
Capital and reserves
Called up share capital		22,002	22,002
Profit and loss account		1,878,087	1,755,923
Total equity		1,900,089	1,777,925

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Celtic Vacuum Limited

(Registration number: 02794156)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 15 September 2025 and signed on its behalf by:
 

......................................... Jonathan Howard Strange Director

Celtic Vacuum Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Salterns
Marsh Road
Tenby
Pembrokeshire

These financial statements were authorised for issue by the Board on 15 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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

Celtic Vacuum Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold Buildings	over 50 years
Leasehold Property	over the lease term
Plant & Machinery	15% to 50% reducing balance
Motor Vehicles	33% reducing balance
Fixtures & Fittings	33% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Celtic Vacuum Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Celtic Vacuum Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 64 (2024 - 63).

4	Profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	314,410	238,025

5	Tangible assets

	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	4,101,910	1,481,348	5,583,258
Additions	106,941	233,746	340,687
Disposals	(117,462)	(222,700)	(340,162)
At 31 March 2025	4,091,389	1,492,394	5,583,783
Depreciation
At 1 April 2024	3,383,380	1,090,287	4,473,667
Charge for the year	164,824	149,586	314,410
Eliminated on disposal	(114,064)	(156,775)	(270,839)
At 31 March 2025	3,434,140	1,083,098	4,517,238
Carrying amount
At 31 March 2025	657,249	409,296	1,066,545
At 31 March 2024	718,530	391,061	1,109,591

Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of freehold land and buildings.
 

Celtic Vacuum Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

6

Stocks

	2025 £	2024 £
Work in progress	5,461	55,267
Other inventories	500	500
	5,961	55,767

7

Debtors

	2025 £	2024 £
Trade debtors	884,673	1,001,813
Prepayments	120,786	114,999
Other debtors	447	443
	1,005,906	1,117,255

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts	10	76,958	121,454
Trade creditors		120,500	180,333
Taxation and social security		202,228	239,528
Corporation tax liability		143,504	289,060
Other creditors		266,879	295,743
		810,069	1,126,118