Registration number: 03954111

Capital Compactors Limited

Contents

Company Information	1
Strategic Report	2
Directors' Report	3 to 4
Statement of Directors' Responsibilities	5
Independent Auditor's Report	6 to 8
Profit and Loss Account	9
Balance Sheet	10
Statement of Changes in Equity	11
Notes to the Financial Statements	12 to 25

Capital Compactors Limited

Company Information

Directors

M A Moore L R Bull P B Dickson

Company secretary

L R Bull

Registered office

Oak Park Rylands Lane Elmley Lovett Droitwich WR9 0QZ

Auditors

Clement Rabjohns Limited Statutory Auditor111/113 High Street Evesham Worcestershire WR11 4XP

Capital Compactors Limited

Strategic Report for the Year Ended 31 December 2024

The directors present their strategic report for the year ended 31 December 2024.

Principal activity

The principal activity of the company is the manufacture of commercial waste compactors

Fair review of the business

Capital Compactors Ltd was incorporated in March 2000 and is a well-established leading designer, manufacturer and supplier of high-quality waste compaction and recycling machinery for lease and sale throughout the UK. As at the end of the 31 December 2024 financial period it has 779 (2023: 756) rental machines on its fleet and provides service and maintenance contracts generating long-term recurring revenues from a prestigious client base.

The company's key financial and other performance indicators during the year were as follows:

Financial KPIs	Unit	2024	2023
Turnover	£	6,947,041	6,198,593
Operating profit	£	255,253	540,768

Principal risks and uncertainties

The revenues of the company are wholly derived from the United Kingdom and any weakness in the economy would potentially impact sales. The directors monitor cash flows as part of day-to-day control procedures and the cash flow projections are regularly reviewed to ensure that there is adequate provision to cover obligations.

Approved and authorised by the Board on 2 June 2025 and signed on its behalf by:
 

......................................... L R Bull Company secretary and director

Capital Compactors Limited

Directors' Report for the Year Ended 31 December 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors of the company

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

M J Braddock (resigned 26 January 2024)

M A Moore

L R Bull - Company secretary and director

D J Williams (appointed 26 January 2024 and ceased 30 September 2024)

P B Dickson (appointed 1 October 2024)

Financial instruments

Objectives and policies

The revenues of the company are wholly derived from the United Kingdom and any weakness in the economy would potentially impact sales. The directors monitor cash flows as part of the day-to-day control procedures and the cash flow projections are regularly reviewed to ensure that there is adequate provision to cover obligations.

Environmental matters

We aim to continue contributing to protecting the environment by reducing our own carbon footprint and helping our customers to reduce their waste by increasing awareness of the need to recycle materials such as plastics and cardboard, as well as reducing landfill of general waste and subsequent reduction in the transportation of waste by reducing its volume.

We have increased our own in-house recycling to include mixed recycling as well as cardboard, plastics, paint tins and aerosols. We have fitted auto-sensor LED lighting throughout the manufacturing plant. We have replaced many of the older service vehicles with new lower-emission ones. We are developing components for remote machine fault diagnostics which will reduce the number of service call outs.

Going concern

The directors have assessed the company's ability to continue trading as a going concern. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Reappointment of auditors

In accordance with section 485 of the Companies Act 2006, a resolution for the re-appointment of Clement Rabjohns Limited as auditors of the company is to be proposed at the forthcoming Annual General Meeting.

Approved and authorised by the Board on 2 June 2025 and signed on its behalf by:
 

Capital Compactors Limited

Directors' Report for the Year Ended 31 December 2024

......................................... L R Bull Company secretary and director

Capital Compactors Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Capital Compactors Limited

Independent Auditor's Report to the Members of Capital Compactors Limited

Opinion

We have audited the financial statements of Capital Compactors Limited (the 'company') for the year ended 31 December 2024, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

•	give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;
•	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
•	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

Capital Compactors Limited

Independent Auditor's Report to the Members of Capital Compactors Limited

We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

•	the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

•	the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

•	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
•	the financial statements are not in agreement with the accounting records and returns; or
•	certain disclosures of directors' remuneration specified by law are not made; or
•	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities [set out on page 5], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Due to the inherent limitations of an audit, there is a risk that we will not detect all irregularities even though the audit has been properly planned and performed in accordance with the ISAs (UK). The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Capital Compactors Limited

Independent Auditor's Report to the Members of Capital Compactors Limited

•	We obtained an understanding of the legal and regulatory frameworks that are applicable to the company, and the industry in which it operates. These include but are not limited to compliance with the Companies Act 2006, UK Generally Accepted Accounting Principles and the relevant tax compliance regulations for the company.
•	We obtained an understanding of how the company is complying with these frameworks through discussions with management.
•	We enquired with management whether there were any instances of non-compliance with laws and regulations or whether they had knowledge of actual or suspected fraud. These enquiries are corroborated through follow-up audit procedures including but not limited to a review of legal and professional costs and correspondence.
•	We assessed the susceptibility of the company's financial statements to material misstatement, including the risk of fraud and management override of controls. We designed our audit procedures to respond to this assessment, including the identification and testing of any related party transactions and the testing of journal transactions that arise from management estimates, that are determined to be of significant value or unusual in their nature.
•	We assessed the appropriateness of the collective competence and capabilities of the engagement team, including consideration of the engagement team's knowledge and understanding of the industry in which the company operates in, and their practical experience through training and participation with audit engagements of a similar nature.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

......................................
Philip Parsons FCA (Senior Statutory Auditor)
For and on behalf of Clement Rabjohns Limited, Statutory Auditor
 111/113 High Street
Evesham
Worcestershire
WR11 4XP

2 June 2025

Capital Compactors Limited

Profit and Loss Account for the Year Ended 31 December 2024

	Note	2024 £	2023 £
Turnover	3	6,947,041	6,198,592
Cost of sales		(4,541,872)	(2,238,697)
Gross profit		2,405,169	3,959,895
Administrative expenses		(2,173,050)	(3,397,297)
Other operating income	4	-	(21,830)
Operating profit	5	232,119	540,768
Other interest receivable and similar income	6	2,962	9,192
Interest payable and similar expenses	7	(360)	(8,385)
		2,602	807
Profit before tax		234,721	541,575
Tax on profit	11	(68,977)	(130,305)
Profit for the financial year		165,744	411,270

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Capital Compactors Limited

(Registration number: 03954111)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	12	10,826	14,435
Tangible assets	13	3,948,406	3,332,707
		3,959,232	3,347,142
Current assets
Stocks	14	1,082,808	995,735
Debtors	15	2,667,798	1,658,045
Cash at bank and in hand		136,181	1,572,326
		3,886,787	4,226,106
Creditors: Amounts falling due within one year	17	(2,927,147)	(2,261,922)
Net current assets		959,640	1,964,184
Total assets less current liabilities		4,918,872	5,311,326
Creditors: Amounts falling due after more than one year	17	(457,121)	(619,826)
Provisions for liabilities	18	(405,310)	(350,802)
Net assets		4,056,441	4,340,698
Capital and reserves
Called up share capital		100	100
Retained earnings		4,056,341	4,340,598
Shareholders' funds		4,056,441	4,340,698

Approved and authorised by the Board on 2 June 2025 and signed on its behalf by:
 

......................................... L R Bull Company secretary and director

Capital Compactors Limited

Statement of Changes in Equity for the Year Ended 31 December 2024

	Share capital £	Retained earnings £	Total £
At 1 January 2024	100	4,340,597	4,340,697
Profit for the year	-	165,744	165,744
Dividends	-	(450,000)	(450,000)
At 31 December 2024	100	4,056,341	4,056,441